HDFC Bank Partners With IAF And CSC Academy To Launch Project HAKK

HDFC Bank, one of India's leading private sector banks, has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) and CSC Academy to launch Project HAKK (Hawai Anubhavi Kalyan Kendra). The initiative aims to support defence pensioners, veterans, and their families by providing them with essential financial and government-related services.

'Serving Those Who Have Served' - A Commitment To Defence Veterans

Project HAKK is designed to offer comprehensive assistance to Defence servicemen, ex-servicemen, and their families, ensuring they have seamless access to over 500 Government-to-Citizen (G2C) and Business-to-Citizen (B2C) services. These include:

Aadhaar services (updates, enrolment, etc.)
National Pension System (NPS) services
PAN card issuance and updates
Passport application and renewal assistance
Bill payments and collection services
Other essential citizen services

HDFC Bank's Role And Support

As part of this initiative, HDFC Bank will establish dedicated service centers to assist veterans and their families with pension-related queries, settlement issues, and documentation. These centers will not only provide government services but also offer access to HDFC Bank's digital banking products and financial solutions, ensuring greater convenience and financial security.

Additionally, to enhance the reach and effectiveness of the program, the bank will:
Train individuals managing these centers in collaboration with CSC Academy.
Provide a monthly financial grant for the first year to ensure smooth operations.
Offer personalized banking solutions tailored to the needs of defence personnel.

Nationwide Rollout - 25 Centres In Key Locations

Initially, 25 service centers will be established at strategic Indian Air Force units across the country, including:
New Delhi
Bengaluru
Gurgaon
Pune
Secunderabad
Guwahati
Jodhpur
Chandigarh and more.

Banking Initiatives For Armed Forces Personnel

Indian banks have introduced specialized financial schemes tailored for defence personnel, veterans, and their families. Here are some of the key initiatives

1) PNB Rakshak Plus Scheme - Punjab National Bank (PNB)

This is a comprehensive financial offering for both serving and retired defence personnel across all three wings-Army, Navy, and Air Force. The scheme provides:

Zero Balance Salary/Pension Account for defence personnel

Overdraft Facility of up to three months' net salary/pension (Rs 75,000 to Rs 3,00,000)

Zero Balance Savings Account for family members

25 per cent concession in rent, with Annual Maintenance Charges (AMC) waived for three years

2) Defence Salary Package (DSP) - State Bank of India (SBI)

SBI's Defence Salary Package (DSP) is designed for personnel of the Indian Army, Navy, Air Force, Assam Rifles, Rashtriya Rifles (RR), and Border Roads Organisation (BRO-GREF).

Complimentary Insurance Coverage:

Personal Accidental Death Cover - Rs 50 lakh

Air Accidental Death Cover - Rs 1 crore

Permanent Total Disablement Cover - Rs 50 lakh

Permanent Partial Disablement Cover - Rs 50 lakh

3) Rakshak Salary Account - Bank of India (BOI)

The Rakshak Salary Account by BOI is exclusively designed for Defence Forces, Paramilitary, and State Police personnel.

Key Benefits:

Zero Balance Requirement - No minimum balance needed
Unlimited Free Transactions at BOI branches
Attractive Interest Rates to ensure savings grow effortlessly
Personal Accidental Insurance Cover - Rs 1 crore
Air Accidental Insurance Cover - Rs 2 crore
BOI recently extended the scheme to include Army personnel, veterans, and Agniveers recruited under the Agnipath Scheme.