Question
Axis Bank has signed a memorandum of understanding
(MoU) with the ______ Police, offering a package with benefits and features under ''Power Salute'', a salary account designed for the personnel of the force.Solution
Axis Bank has signed a memorandum of understanding (MoU) with the Kolkata Police, offering a package with benefits and features under ''Power Salute'', a salary account designed for the personnel of the force. Under this initiative, Axis Bank will offer personal accidental cover of up to Rs 30 lakh to all police personnel, up to Rs 8 lakh education grant, total permanent disability cover benefit up to Rs 30 lakh, same cover for permanent partial disability and Rs 1.5 lakh life insurance cover and a few other benefits.
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