Axis Bank signs MoU with Indian Navy for salary accounts

Axis Bank has signed an MoU with the Indian Navy, offering a defence Service Salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative.

The benefits include a personal accidental cover of up to ₹56 lakh to all navy personnel, veterans, and cadets. Also, additional up to ₹8 lakh children education grant; total permanent disability cover benefit up to ₹46 lakh; air accident cover of ₹1 crore.