:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

AXIS BANK LAUNCHES ZERO BALANCE SALARY ACCOUNT FOR INDIAN ARMY


Axis Bank launched a zero balance salary account exclusively for Indian Army personnel.

The announcement from Axis, comes close on the heels of similar tie-up forged by SBI and ICICI Bank, eyeing the benefits of upping the share of the cheaper CASA (Current and Savings Account) deposits in total pie.

A memorandum of understanding was signed between the two entities today for starting the special account christened "Power Salute" salary account.

An account-holder can avail a loan without paying any processing fees and will also be given an unique life-time account number which can be used at all branches of the bank.
Apart from that, the account-holder can also withdraw cash at other banks' Automated Teller Machines (ATMs) for free as many time as he wants.

Axis Bank already has an ATM in Thegu near the strategic Nathu La pass situated at 13,200 feet which "till date is one of the highest ATMs in the world" installed for serving the army men, the release said.

SOURCE: http://articles.economictimes.indiatimes.com/2011-02-21/news/28618122_1_salary-account-axis-bank-atms

Posted by C.B.O.A., A.P.

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