Shillong, April 18, 2025 – A significant step towards improving financial support for Assam Rifles personnel was marked on April 17, 2025, with the signing of a Memorandum of Understanding (MoU) between Assam Rifles, India’s oldest paramilitary force, and ICICI Bank. The agreement, formalized at the Headquarters of the Director General of Assam Rifles (DGAR), focuses on providing a tailored salary package to both serving and retired personnel of the force.
The ceremony was attended by Lt Gen Vikas Lakhera, AVSM, SM, Director General of Assam Rifles, along with officers, Junior Commissioned Officers (JCOs), and other ranks from the headquarters. Representing ICICI Bank, Vishal Batra, Business Head – Defence & Armed Forces Ecosystem, presented the details of the salary package, which includes exclusive benefits such as zero-balance accounts, unlimited free ATM transactions across India, preferential locker allotments, and a lifetime-free premium credit card. These benefits are extended to personnel of all ranks, including new recruits and retirees up to the age of 80.
In addition to the financial services, ICICI Bank announced its Corporate Social Responsibility (CSR) initiatives during the event. The bank handed over sponsorship support for Economically Weaker Section (EWS) students from the North East, facilitating their admission into Sainik Schools. Furthermore, ICICI Bank provided sports equipment to the Assam Rifles Rowing Team, reinforcing its commitment to supporting the force beyond banking services.
Lt Gen Vikas Lakhera, who assumed the role of Director General in August 2024, emphasized the importance of such collaborations in enhancing the welfare of Assam Rifles personnel, often referred to as the “Sentinels of the North East.” Vishal Batra echoed this sentiment, stating, “We are honored to partner with Assam Rifles to offer banking solutions that recognize the dedication and service of our uniformed heroes.”
This collaboration builds on a history of partnership between Assam Rifles and ICICI Bank, which has previously included initiatives like scholarships for EWS students. The MoU is expected to strengthen the enduring relationship between the two organizations, ensuring better financial security and support for the personnel who serve the nation in challenging terrains.
