Army inks pacts with 11 banks to provide banking facilities to Agniveers


PTI, Oct 16, 2022, 9:17 AM IST

Image for representation(PTI)

New Delhi: The Indian Army has said it has signed agreements with 11 banks to provide banking facilities to Agniveers after their enrolment, the defence ministry said on Saturday.

In June, the government announced the ‘Agnipath’ scheme for the three services to recruit youths between the age bracket of 17-and-half years and 21 for only four years with a provision to retain 25 per cent of them for 15 more years.

For 2022, the upper age limit has been extended to 23 years. The three services are currently undertaking the recruitment process under the new scheme.

The first batch of Agniveers will be joining Army training Centres by January next year.

“The Indian Army has signed historic MoU with 11 Banks viz 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 for providing banking facilities to Agniveers on enrollment,” the defence ministry said.

The Memorandums of Understanding (MoUs) were signed on Friday.

“The features and benefits offered under Agniveer salary package are similar to the defence salary package,” it said in a statement.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Cow smuggler dead, six others injured after their vehicle overturns during police chase

Assam bypolls: Samaguri Cong candidate alleges rigging by BJP, demands repolling

Who in Congress has said Article 370 will be restored? Shah spreading lies: Kharge

All arrangements in place to ensure smooth darshan at Sabarimala shrine: Kerala police

Delhi pollution: Mothers’ group write to health minister, highlight respiratory issues among kids

Union Minister Joshi hands over 10 battery-operated vehicles to Puri temple

COVID-19 scam: Karnataka cabinet decides to set up SIT

Related Articles More

Cow smuggler dead, six others injured after their vehicle overturns during police chase

Assam bypolls: Samaguri Cong candidate alleges rigging by BJP, demands repolling

Who in Congress has said Article 370 will be restored? Shah spreading lies: Kharge

All arrangements in place to ensure smooth darshan at Sabarimala shrine: Kerala police

Delhi pollution: Mothers’ group write to health minister, highlight respiratory issues among kids

MUST WATCH

New Technology In Kambala

Lakshdeepotsava 2024 Shree Krishna Mutt

Punganur Cow

Rangoli design

Jagadeesh Nagaraj Kudupali Audio Viral


Latest Additions

Cow smuggler dead, six others injured after their vehicle overturns during police chase

Assam bypolls: Samaguri Cong candidate alleges rigging by BJP, demands repolling

Who in Congress has said Article 370 will be restored? Shah spreading lies: Kharge

All arrangements in place to ensure smooth darshan at Sabarimala shrine: Kerala police

Delhi pollution: Mothers’ group write to health minister, highlight respiratory issues among kids

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.