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IDFC FIRST Bank inks an MoU with Indian Navy to offer Honour first banking solutions

IDFC FIRST Bank inks an MoU with Indian Navy to offer Honour first banking solutions

IDFC FIRST Bank has signed a Memorandum of Understanding (MoU) with the Indian Navy. as per the MoU, The bank will offer Honour FIRST, a premium banking solution, to serving personnel and veterans of the Indian Navy.

  • The Honour FIRST Defence Account has been introduced to fill the needs of the Armed Forces and its veterans.
  • The Honour FIRST Defence account offers a range of privileges and features like zero balance salary account, net banking and mobile App.
  • The account holders can take a free enhanced Personal Accident Insurance Cover of Rs 46 lakhs for both on-duty and off-duty incidents.
  • Personal Accident Insurance Cover includes a Child Education Grant of Rs 4 lakhs, and a marriage cover of Rs 2 lakh.

About IDFC FIRST Bank –

  • CEO: V. Vaidyanathan
  • Headquarters: Mumbai
  • Founded: October 2015

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