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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