Salary Package for the Brave Beginners- Agniveers: Benefits
Free Personal Accidental Insurance Offerings
- Personal Accident Insurance Covers on Salary account
- PAI Death Cover: On-duty PAI covers ₹ 75 Lakhs and Off-duty PAI covers ₹ 60 Lakhs
- Permanent Total/ Partial Disability cover up to ₹ 60 Lakhs
- Air Accident Insurance Cover of ₹ 100 Lakhs
- Inclusion of deaths in active operations in Personal Accident Insurance
- Transportation of Dead body – Actual cost or ₹ 50,000/- whichever is lower
- Cost of Plastic Surgery / Burn up to ₹ 2 Lakhs
- Additional Personal Accidental Death and Permanent Total Disability cover of ₹ 10 Lakhs on available Agniveer Debit Card – Rupay variant
- Additional Personal Accidental Death Cover (Air & Non-Air) of ₹ 20 Lakhs on available Co-branded Credit Card
Most Important terms & conditions for PAI cover*
- Entry Age: 17.5 years (PAI Cover starts at 18 years) Applicant whose age is less than 18 years at the time of opening an account under the scheme shall be eligible for PAI cover only upon attaining the age of 18 years.
- Air tickets are to be booked with the Bank’s debit card for Air Accident Insurance cover.
- PAI offered on Debit and Credit cards are subject to the terms & conditions of the card policy.
- All the benefits are subject to regular monthly credit of Salary in the Savings account and will be available only up to the tenure of Agniveer.
Other Benefits
- Agniveer Debit Card: Unlimited Free ATM usage at all Bank's ATMs, Waiver of Issuance Fee and annual Fee charges
- Free Remittances – RTGS / NEFT / IMPS (through all modes)
- Free unlimited – Demand Draft / Banker’s Cheque
- Free unlimited – Personalized Cheque Books
- Free Mobile Banking – Save, Borrow, Invest, and Shop through BoB World App
- Free Internet Banking – BoB World Internet
- 50% waiver on Locker Rentals
- 100% waiver on Demat Annual maintenance charges
- 75% waiver on issuance charges for Gift and Travel Card
Eligibility
- Applicants whose age is less than 18 years at the time of opening an account under the scheme shall be eligible for insurance coverage only on attaining the age of 18 years. The scheme is applicable for Personnel recruited under the Agnipath scheme as Agniveers
- The scheme will be applicable after the credit of one month's salary and thereafter regular salary credit in the account
Employees of the listed Forces are eligible
- Indian Army
- Indian Navy
- Indian Air Force
Documents Required
List Of Valid KYC Documents For Account Opening |
Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the accounts as per extant Reserve Bank of India Guidelines. |
Mandatory Documents for Agniveer personnel | Appointment Letter/ ID card / service certificate |
Officially Valid Documents (OVDs) for Accounts of Individuals |
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Deemed Officially Valid Documents, In case OVD does not contain current/ updated address. (At least one document from the list is Required) |
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