Army has tied up with 11 banks for Agniveers: After retirement, apart from banking service, soft loan will also be available
The Indian military has signed a memorandum of understanding with 11 banks in the country regarding the Agniveers wage package. The features and benefits of the Agniveer salary package are similar to those of the defense salary package. The MoUs were signed by senior officers from all banks at an event chaired by the Indian Army’s Adjutant General, Lieutenant General C Bansi Ponnappa on 14 October.
firefighters will also benefit from a subsidized loan
Banks the Indian military is connected with include State Bank of India, Punjab National Bank, Bank of Baroda, IDBI Bank, ICICI Bank, HDFC Bank, Axis Bank, Yes Bank, Kotak Mahindra Bank, IDFC First Bank, and Bandhan Bank. Hey. they are included. Banks have also offered soft loans to promote Agniverse’s entrepreneurial skills. These banks will provide all banking services to the Agnivers.
Such is the multiplication of the Agniveer wages
The average age of the Indian armed forces will be reduced by around 4-5 years with the implementation of the Agniveer program implemented by the central government on 14 June. An Agniveer will receive Rs 33,000 in the second year, Rs 36,500 in the third year. . and Rs. 40,000 in the fourth year. Whereas after four years, Rs 11.71 lakh will be available as a service fund package.
No income tax will be payable on the service fund. Agniveer will not be entitled to any gratuities or pension benefits. Agniveers will receive non-contributory insurance coverage of Rs 48 lakh for their time in the Indian military.
A look at Agniveer’s scheme
Soldiers below the rank of officer will be recruited in this scheme. That is, their rank will be that of personnel below the rank of officer, i.e. PBOR. The rank of these jawans will now differ from the appointments of commissioned officers and non-commissioned officers in the army. The recruitment will take place through rallies twice a year. 46,000 firefighters will be recruited this year.
To become an Agniveer, you must be between the ages of 17.5 and 21. Also, you must have at least the 10th step. Upon the death of Private Agniveer, he will get insurance of Rs 1 crore. Along with this, the remaining service salary will also be available.
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