It offers protection for self and assets, including: Free personal accident insurance of Rs.30 lakh, Air accident cover of Rs.1 crore. ii. In case of accidental death of the account holder, the dependent child gets free educational benefit of up to Rs.1 lakh per year for 4 years. Recently Signed MoUs by Other Banks with Defence Forces: Bank of Baroda(BoB) Signed MoU with Defence Forces for its Newly Launched 'Baroda Military Salary Package'. About Bandhan Bank: It is the 1st bank to be setup in easterern part of India post independence. Managing Director & CEO – Chandra Shekhar Ghosh Head Office – Kolkata, West Bengal Incorporated – December 23, 2014 as a wholly owned subsidiary of Bandhan Financial Holdings Ltd Tagline – Aapka Bhala, Sabki Bhalai