Yes Bank has inked a Memorandum of Understanding (MoU) with Assam Rifles to provide the customized banking solution, to officers of the force and their family members. The Bank will offer its special banking programme, ‘Yes Vijay’ to Officers, Junior Commissioner Officer (JCOs) and Jawans of Assam Rifles.
Under ‘Yes Vijay’ programme for Defence Personnel, the Bank offers digitally-powered zero balance Savings Account to all defence personnel with unlimited free ATM transactions in India. When compared to other large banks, the Bank offers up to 70% higher return on Savings Interest rate with balances of Rs 1 lakh and above attracting interest rate of 6% p.a.
Besides, the Bank has also increased the personal accident cover for serving Defence personnel from the existing Rs 5 lakh cover to Rs 30 lakh. Additionally, the Bank will offer a host of cash management and POS solutions to CSDs, Defence clubs and Schools.
Yes Bank, India’s fifth largest private sector bank has a pan India presence across all 29 states and 7 Union Territories of India.
