Bank of India Signs MoU with BSF for Rakshak Salary Package

Bank of India, one of India’s leading public sector banks, announced the signing of a Memorandum of Understanding (MoU) with the Border Security Force to extend the BOI Rakshak Salary Package to BSF Personnel and Veterans. The MoU covers special benefits including enhanced free comprehensive Personal Accident Insurance Cover (PAI), attractive offers on Debit and Credit Cards and a host of other offers.

The ceremony for the exchange of MoUs was held on 10th October, 2025 at the Border Security Force Headquarters, New Delhi. Shri Vijay Kumar Thapliyal, Inspector General (ADMN) of BSF chaired the ceremony. The event was also attended by Shri Mahendra Kumar, DIG (ADMN –BSF), Shri Lokesh Krishna - General Manager, Bank of India and other Senior Officials of both the organisations.

IG (ADMN) Shri Vijay Kumar Thapliyal thanked BOI for extending the bouquet of services to Border Security Force. He also suggested to have some BSF Friendly Branches of the Bank at BSF Dominant areas.

Shri Lokesh Krishna – General Manager, Bank of India said, “We are proud to be associated with the Border Security Force and happy to extend the Benefits of our Rakshak Salary Scheme. He assured best banking products and customer service, supported by state-of-the-art digital infrastructure.” He also urged that BSF Pensioners should avail the benefits of BOI Door Step Banking. On Behalf of Bank of India he expressed his gratitude towards the Border Security Force.

BOI’s Rakshak Salary Scheme is specially crafted salary account tailored to meet the needs of Personnel working with Defence Forces, Paramilitary and State Police by offering Personal Accidental Insurance cover of upto 100 Lakhs, Air Accidental Coverage of Rs 200 Lakhs and many other benefits.