Benefits include Personal Accident Insurance Cover and special offers on Yoddha Retail Loans for Salaried Personnel and Pensioners

HYDERABAD, June 10 (The CONNECT) – Bank of Baroda today announced the signing of a Memorandum of Understanding (MOU) with Telangana State Disaster Response and Fire Services Department to extend the Baroda Police Salary Package offerings to its serving personnel and pensioners.

The MoU covers special benefits including enhanced free comprehensive Personal Accident Insurance Cover (PAI), special offers on Yoddha Retail Loans, Debit and Credit Cards and a host of other benefits.

The MOU was signed by Y Nagi Reddy IPS, Director General of Telangana State Disaster Response and Fire Services Department and Ritesh Kumar, General Manager and Zonal Head – Hyderabad, Bank of Baroda. The Baroda Police Salary Package offers many benefits to the Telangana State Disaster Response and Fire Services Department personnel, including Personal Accident Insurance Death Cover up to Rs.1.3 crore in case of accidental death on duty and up to Rs.1.26 crore off duty. In addition, it provides Permanent Total Disability cover up to Rs.80 lakh. In addition, all serving personnel are entitled to additional Rs. 5 lakh Personal Life Insurance.

Kumar said, the MOU gives Bank of Baroda the opportunity to serve the brave men and women diligently serving the people of the state and fulfil their banking needs with a full range of products and services.

Laxmi Prasad, Director of Telangana State Fire Services and Civil Defence Training Institute, G Venkata Narayana Rao, Addl Director of Fire Services, Sudhakar Rao, Deputy Director of Telangana State Disaster Response and Fire Services Department, Harinatha Reddy, Regional Fire Officer, MVS Sudhakar, DGM, Business Development, Bank of Baroda, Hyderabad Zone, Abhishek Bharti, AGM – Govt. Business, Bank of Baroda, Hyderabad Zone and Brigadier S K Prasad (Retd), Defence Banking Advisor, Bank of Baroda, Hyderabad  Zone were also present during the signing ceremony.

Bank of Baroda had already signed a MoU with Telangana State Police Department and Telangana Special Protection Force.