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If you are a defense person and have a savings account with Punjab National Bank, then there is good news for you. Punjab National Bank has introduced a scheme called the PNB Rakshak Plus Scheme for defense personnel.
This scheme is available to both serving and retired defense personnel. You can open a zero-balance salary or pension savings account with Punjab National Bank to enjoy a range of benefits and facilities offered by this scheme.
In addition, the scheme offers benefits to all pensioners who receive their pension through a PNB branch, and the pension is deposited through CPPC. However, it is important to note that accounts in which pension is received via cheque, NEFT, RTGS, and other methods are not included in this scheme.
In this article, we will provide information about PNB DSP account, its eligibility criteria, and its benefits. So, stay tuned until the end.
PNB Rakshak Plus Scheme is a DSP account facility started by Punjab National Bank that offers special benefits to serving, retired, and trainees of the defense forces, having their salaried account with PNB Bank
Here are the eligibility criteria for opening an account under the PNB Rakshak Plus Scheme.
Detailed benefits of the PNB DSP Account (PNB Rakshak Plus Scheme) are given in the below table.
Details as per the official website of Punjab National Bank.
|
Benefits |
Amount |
|
Personal accident insurance (Death) cover |
Rs.50 Lakh |
|
Personal accident insurance (Death) cover through Debit card |
Rs2 lakh Rs10 lakh* (* Rupay Debit Card Only) |
|
Personal accident insurance (Death) cover through Credit card |
Rs10 lakh |
|
Air Accidental insurance cover(death cover) |
Rs100 lakh |
|
Personal Accident Permanent total disability (PTD) Insurance |
Rs 50 lakh |
|
Funeral Expenses |
Rs 0.20 lakh |
|
Emergency Medical Expenses |
Rs 0.25 lakh |
|
Ambulance Charges |
Rs 0.10 Lakh |
|
Permanent Partial Disability |
Rs 50 Lakh (% of Disability will be as per our GPA Schedule max 50 % of the capital sum insured) |
|
Additional PAI Cover on Death due to Action Against Anti-national/Terrorist/Naxalites/ Foreign Enemy Activities |
Rs 10 lakh |
|
Girl Child Cover - (For Marriage as an additional benefit) (18-25 Yrs) (for one girl child only) |
Rs 5 Lakh |
|
Cost of Plastic Surgery/ Burns |
Rs 10 lakh |
|
Transportation of Imported Medicine |
Rs 10 lakh |
|
Death after Coma |
Rs 2 Lakh |
|
Education cover for dependent children |
Educational benefits (Uniform, Stationary, Transportation and Tuition Fees) Rs 5 Lakh in aggregate per year for 4 years for any 2 dependent children in case of accidental death of Defence personnel and other eligible account holders. |
|
Travel Expenses of two family Members |
Rs 0.40 Lakh |
|
Body Repatriation Cost |
Rs 0.30 Lakh |
PNB bank covers Agniveers under the PNB Agni Rakshak scheme.
Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with the Indian Army to provide specially designed products for Agniveers under the bank's exclusive scheme known as 'PNB Agni Rakshak'. The scheme includes personal accidental insurance, air-accidental insurance covering all Agniveers, as well as a Zero balance salary account with a Sweep facility, Internet banking, and Alerts.
Here is the overview of the benefits of the PNB Agni Rakshak for Agniveers.
You can download Agni Rakshak Scheme press release by clicking here.
No initial deposit is required. You can open a zero-balance savings account under the PNB Rakshak Scheme.
Defense personnel from all three Defense wings are eligible to open salary accounts under the PNB Rakshak Plus Scheme. This scheme also includes the Research and Analysis Wing (RAW), Intelligence Bureau (IB), Central Bureau of Investigation (CBI), Indian Coast Guard Personnel, Para-Military personnel, Gentlemen cadets, and Special Forces at the Central and State levels.
If you open a PNB DSP Account then the maximum amount that can be overdrawn is equal to the net salary or pension received in the last three months, ranging from Rs.75000/- to Rs.3,00,000/- lakh.
PNB Pratibha is an education loan facility in PNB that offers education loans to children of primary account holders who are admitted to premier institutes and Army educational institutions.
If you are serving or retired defense personnel and looking for a bank that caters to all your banking needs, Punjab National Bank's Rakshak Plus Scheme & the SBI DSP account are the best options. By opening a zero-balance salary or pension account with PNB, you can avail a Personal Accidental Insurance policy of Rs. 50 Lakh and an Air Accidental Insurance policy of Rs. 1 Crore. This makes PNB the go-to bank for all your banking requirements.
