Punjab & Sind Bank signs pact with Indian Army for salary account.

MOUs and Agreement

State-owned Punjab & Sind Bank has signed an initial agreement with the Indian Army on defence salary package which will come with a host of facilities, including free insurance cover. A memorandum of understanding (MoU) has been signed to this effect. Besides many features, the MoU provides the serving personnel, veterans and trainees with personal accident insurance (Death/Disability) cover up to Rs 1 crore and an air accidental cover of Rs 1.2 crore.


      PSB Gaurav Bachat SB Salary account is exclusively designed to cater to the distinct banking requirement of serving and retired personnels.

      The product is also strategically aimed to tap Agniveers enrolled in the Agnipath scheme, ensuring a comprehensive financial solution that aligns with distinctive needs of the segment.

     

 

     


About PSB

Swarup Kumar Saha (MD & CEO)
HQ - New Delhi
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