Axis Bank signs MOU with Food Corporation of India

August 12, 2022

Axis Bank, India’s third largest private sector bank, has signed an MOU with Food Corporation of India (FCI) to provide “Ultima Salary package”, a best-in-class salary account with exclusive benefits & features to all its employees. With this MOU, the Bank has reinstated its commitment towards offering holistic banking services to the employees of Public Sector Undertakings (PSU) sector.

Axis Bank signs MOU with Food Corporation of India

A signing ceremony was held at FCI Headquarters, New Delhi where FCI was represented by Shri G. N Raju, GM HQ and Axis Bank was represented by Shri Anil Agarwal, President, Financial Institutions Group & Lt Col M.K Sharma, National Accounts Head.

Through this exclusive Ultima Salary package, the Bank will offer numerous benefits such as –

  • Personal Accidental cover of upto Rs. 20 lakhs
  • Additional Education Grant upto Rs. 8 lakhs
  • Total Permanent Disability Cover benefit upto Rs. 20 lakhs
  • Permanent Partial disability cover of upto Rs. 20 lakhs
  • Air Accident cover of Rs. 1 Crore
  • Free additional debit card for a family member
  • 12 EMI waiver on Home loan
  • 3 zero balance accounts for family member
  • Universal account number wherein all Axis Bank branches will function as a “Home branch”

This MOU is a reflection of Axis Bank’s constant endeavour to address the banking requirements of different customer segments, helping them meet their financial aspirations & milestones.