MoU between Indian Navy and Banks for Salary/ Pension Accounts
1. A Memorandum of Understanding (MoU) with both Public and Private sector banks are concluded to facilitate/ leverage enhanced banking facilities for Indian Navy personnel for salary and pension accounts.
2. Presently MoU pertaining to salary/ pension accounts of Indian Navy personnel are valid with the following banks (copies uploaded on NUD):-
| Ser | Bank | Category of Personnel covered under MoU |
|---|---|---|
| (a) | HDFC Bank | Officers, Sailors, Agniveers, Naval Civilians |
| (b) | ICICI Bank | Officers, Sailors, Agniveers, Naval Civilians |
| (c) | Union Bank of India | Officers, Sailors, Agniveers, Naval Civilians |
| (d) | Bank of Baroda | Officers, Sailors, Agniveers, Naval Civilians |
| (e) | Yes Bank | Officers, Sailors, Agniveers, Naval Civilians |
| (f) | Induslnd Bank | Officers, Sailors, Agniveers, Naval Civilians |
| (g) | State Bank of India | Officers, Sailors, Agniveers |
| (h) | Punjab national bank | Officers, Sailors, Agniveers |
| (j) | IDFC First Bank | Officers, Sailors, Agniveers |
| (k) | Kotak Mahindra Bank | Officers Sailors, Naval Civilians |
| (I) | Axis Bank | Officers, Sailors |
| (m) | lDBI Bank | Officers, Sailors |
