IDFC FIRST Bank Signs up with Assam Rifles : Offering Honour FIRST Banking Solution to Defence Personnel 


News Desk, News Nation 360 : IDFC FIRST Bank announced the signing of a Memorandum of Understanding (MoU) with Assam Rifles to offer Honour FIRST, a premium banking solution, to serving personnel and veterans of Assam Rifles. Assam Rifles is the oldest paramilitary force of India, instituted in 1835. It comprises 60,000 personnel spread across the North Eastern States with 46 battalions. Entrusted with internal security and border management roles, Assam Rifles is referred to as the Sentinels of the North East. Honour FIRST is specially designed keeping in mind the needs of the Armed Forces community. It includes a zero balance Honour FIRST salary account with 6% interest, unlimited free ATM transactions from any location, free fund transfers through IMPS, RTGS and NEFT, free lost card liability protection and purchase protection up to Rs 4 lakhs. The debit card is also customised to the needs of Armed Forces personnel. A free air accident insurance cover of Rs 1 crore is available with air tickets purchased using the Bank’s debit card.  Speaking on the occasion, Amit Kumar, Head – Retail Liabilities, IDFC FIRST Bank, said that it’s a proud moment for them. The association couldn’t have come at a better time as Assam Rifles celebrates its 186th Raising. Honour FIRST is an outcome of their passion to serve the Armed Forces in a very special way by customising banking solutions to the needs of its personnel. Honour FIRST stands rooted in their nation-first approach. They are constantly improving their offerings using state-of-the-art technology for superior customer experience. It is now a privilege for them to serve Assam Rifles with an array of their conventional banking services, digitised financial solutions and enhanced access. In addition, the Honour FIRST banking solution comes

with a host of attractive offers, rewards and discounts such as cashback, Book my Show vouchers, airport lounge access and fuel surcharge waivers to name a few. The Bank’s My FIRST Salary app enables personnel to instantly open their accounts with a video KYC facility and also refer colleagues.  The account comes with a Lifetime free credit card, a free Personal Accident Death and Permanent Disability Cover of Rs.46 lakhs, including an education grant of Rs. 4 lakh forwards up to 23 years of age and an additional Rs 2 lakh as marriage cover for daughters in the age group of 18-25 years.

Pic : Courtesy

Report : Anustup Kundu