ICICI Bank signs banking services MoU with Indian Army

ICICI Bank Ltd, India’s largest private sector bank, and the Indian Army today signed a Memorandum of Understanding on extending the modern banking products and services to the army personnel.

The MoU was signed by Mr.Rajiv Sabharwal, Executive Director, ICICI Bank and Lt Gen V.K. Chaturvedi, PVSM,
AVSM, SM, Director General, Indian Army. ICICI Bank is the first private sector bank to enter into such an agreement with the Indian Army.

Over the years, ICICI Bank has been associated with the Indian Defence forces forvarious banking requirements, which have been tailor made to meet the needs of theArmy personnel.

With this MoU, the Army personnel will now be able to access the wide range of products and services offered by the Bank through an extensive network of 5800 ATM’s and 2510 branches of which a large number are positioned within the cantonment areas. The Bank services its large customer base through a multi-channel delivery network of branches, ATM's, call centers and Internet banking channel  to ensure that customers have access to its services at all times.


Speaking at the occasion Mr. Rajiv Sabharwal, Executive Director, ICICI Bank said, “ICICI Bank is grateful to the contribution made by Indian Army in the service of the nation. It is an honour to be associated with the Army to offer banking products and services. ICICI Bank offers special benefits and rates to the Army personnel with
special consideration for Gallantry Award winners, disabled soldiers and war widows.”