PNB Extends ₹17 Crore Support to Families of Martyred Soldiers Under ‘Rakshak Plus’ Scheme
In a deeply respectful and impactful initiative, Punjab National Bank (PNB) has disbursed ₹17.02 crore to support the families of 26 martyred soldiers through its Rakshak Plus Saving Account Scheme. This financial assistance underscores the bank’s commitment to honoring the sacrifices of Indian armed forces personnel and providing a strong foundation for their families in the face of loss.
About the ‘Rakshak Plus’ Saving Account Scheme
The Rakshak Plus Saving Account Scheme is a specialized offering by PNB tailored exclusively for:
- Defence personnel from the Army, Navy, and Air Force
- Paramilitary forces including CRPF, BSF, CISF, ITBP
- Police services, ex-servicemen, and their dependents
This initiative aims to provide enhanced banking benefits, insurance coverage, and financial relief in times of need—particularly for those who lose their lives in the line of duty.
Highlights of the ₹17 Crore Disbursement
- Amount Distributed: ₹17.02 crore
- Beneficiaries: Families of 26 soldiers who laid down their lives in service of the nation
- Form of Support: Lump sum compensation through the Rakshak Plus account’s built-in insurance cover
This financial aid helps bridge immediate needs for bereaved families and ensures their dignity, stability, and access to essential support.
Benefits Under the Rakshak Plus Scheme
The scheme offers a wide range of benefits including:
- Free Accidental Death Insurance Cover (up to ₹30 lakh)
- Zero Balance Facility with no minimum balance requirement
- Concession on Loan Interest Rates for education, housing, and personal loans
- Free Debit Card and SMS Alerts
- Exclusive Nominee Benefits for faster claims processing
- Priority Service at Branches for account holders and dependents
Tribute to the Bravehearts
Senior executives at PNB have reiterated the institution’s unwavering commitment to the armed forces community. The recent disbursement is more than a financial gesture—it’s a tribute to the bravery and sacrifice of India’s protectors.
They emphasized that supporting martyrs’ families is a moral duty and a national responsibility, and such schemes reflect the bank’s values of compassion, gratitude, and service.
Why This Matters
- Acts as a safety net for families during their most vulnerable time
- Encourages greater trust in financial institutions among defence personnel
- Reinforces the role of public sector banks in nation-building and social responsibility
- Demonstrates the practical impact of purpose-driven financial products
Way Forward
Punjab National Bank is expected to continue enhancing the scope of the Rakshak Plus scheme by:
- Increasing insurance coverage
- Launching mobile-first onboarding for easy account access
- Partnering with the Ministry of Defence for better outreach
- Organizing financial literacy workshops for soldiers and their families
Conclusion
Through the Rakshak Plus Saving Account Scheme, PNB not only upholds its commitment to financial inclusion but also salutes the spirit of service and sacrifice shown by India’s armed forces. The ₹17 crore disbursal to the families of fallen heroes reflects a heartfelt acknowledgment of their ultimate sacrifice, transforming banking into an instrument of national gratitude.