CURRENT AFFAIRS

Detailed explanation-1: -Abhishek Mishra. Answer: Option C Explanation: Axis Bank has signed an MoU with Food Corporation of India (FCI) to provide the “Ultima Salary Package” with exclusive benefits & features to all its employees.

Detailed explanation-2: -Axis Bank, India’s third largest private sector bank, has signed an MOU with Food Corporation of India (FCI) to provide “Ultima Salary package”, a best-in-class salary account with exclusive benefits & features to all its employees.

Detailed explanation-3: -ULTIMA Easy Access Salary Account provides you access to your salary anytime, anywhere through robust banking services and transactional benefits. The ULTIMA Easy Access Salary Account comes with a RuPay Platinum Debit Card and a daily withdrawal limit of Rs. 40,000.

Detailed explanation-4: -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.

Detailed explanation-5: -Kotak Mahindra Bank signed an MoU with the Indian Navy for salary accounts.