Mumbai: YES BANK, India’s fifth largest private sector Bank, further strengthened its presence in the state of Maharashtra, with the launch of its branch at National Defence Academy, Pune, to provide the customised banking solution, YES VIJAY, to officers of the Indian Army, their families and civilians working at NDA. The branch was inaugurated by Brig. Zubin A. Minwalla, YSM (Brigadier Adm, NDA).
Speaking on the occasion, Pralay Mondal, Senior Group President, Retail and Business Banking, YES BANK, said “YES BANK salutes the Armed Forces for their indomitable spirit and contribution to the nation. Defence Personnel need specific financial guidance to suit needs that are unique to their lifestyle. At YES BANK, we follow a novel knowledge-based approach that provides our customers well-researched customized solutions; YES-Vijay programme for Defence Personnel is an outcome of this philosophy. The officers and their family members can now enjoy finest banking experience with YES BANK being their trusted partner.”
Under YES-Vijay programme for Defence Personnel, YES BANK offers digitally-powered zero balance Savings Account to all defence personnel with unlimited free ATM transactions in India. When compared to other large banks, YES BANK offers up to 70% higher return on Savings Interest rate with balances of INR 1 lakh and above attracting interest rate of 6% p.a. YES BANK has also increased the personal accident cover for serving Defence personnel from the existing Rs. 5 lakh cover to Rs. 30 lakh. Additionally, YES BANK will offer a host of cash management and POS solutions to CSDs, Defence clubs and Schools.
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