With which bank, Indian Navy has partnered with to initiate ‘Honour FIRST’, a premium banking solution for serving personnel and veterans of the Indian Navy?

Question

The Indian Navy has partnered with the Infrastructure Development Finance Company (IDFC) FIRST Bank to initiate ‘Honour FIRST’, a premium banking solution for serving personnel and veterans of the Indian Navy.
With zero – balance salary account feature, Honour FIRST account holders will receive up to 5% interest per annum and a net banking and customised mobile app that offers a superior user interface and experience
Honour FIRST Defence account comes with a free enhanced Personal Accident Insurance Cover of Rs. 46 lakhs for both on-duty and off-duty incidents. Additionally, the insurance not only covers accidental death but also total and partial permanent disability. The Personal Accident Insurance Cover also includes a child education grant of Rs. 4 lakhs and a marriage cover of Rs 2 lakh.

GKToday Admin · Accepted Answer

IDFC FIRST Bank

The Indian Navy has partnered with the Infrastructure Development Finance Company (IDFC) FIRST Bank to initiate ‘Honour FIRST’, a premium banking solution for serving personnel and veterans of the Indian Navy.
With zero – balance salary account feature, Honour FIRST account holders will receive up to 5% interest per annum and a net banking and customised mobile app that offers a superior user interface and experience
Honour FIRST Defence account comes with a free enhanced Personal Accident Insurance Cover of Rs. 46 lakhs for both on-duty and off-duty incidents. Additionally, the insurance not only covers accidental death but also total and partial permanent disability. The Personal Accident Insurance Cover also includes a child education grant of Rs. 4 lakhs and a marriage cover of Rs 2 lakh.

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