PNB signs MoU with Indian Coast Guard for the “PNB Rakshak Plus Scheme”

By Sarkaritel August 18, 2022 18:19

New Delhi, August 18, 2022:Punjab National Bank (PNB), the nation’s leading public sector bank, has inked a Memorandum of Understanding (MoU) withthe Indian Coast Guard, to deliver specially designed banking products to the military personnel through the bank’s flagship scheme PNB Rakshak Plus. This scheme covers Personal Accidental Insurance, Permanent Total Disability, Permanent Partial Disability, Air Accidental Insurance for members of the military forces who are now serving, have retired, or are under training, as well as for the central armed police forces, police forces, and their pensioners.

The agreement was signedby Deputy Inspector General, Kajal Roy, Principal Director( Administration) Coast Guard, and Rajeev Kumar, General Manager, Punjab National Bank at the Indian Coast Guard Headquarters in New Delhi.

Highlighting the distinctive aspects of PNB Rakshak Plus and speaking about yet another noteworthy collaborationby PNB, Rajeev Kumar, General Manager of PNB, said: “Having signed this MoU is a significant partnership towards the progress of the brave heroesserving at the Indian Coastvigilantly 24/7. The Rakshak Plus scheme with this initiative aims to offerthe best possible financial services to the veterans and members of the armed forces.”

The occasion was graced by Major General Raj Sinha, Chief Defence Banking Advisor, Punjab National Bank and Giriwar Kumar Agarwal, Deputy General Manager Punjab National Bank.