PNB signs Mou with Indian Army for ‘Agniveers’

Kolkata: Punjab National Bank (PNB), nation’s leading public sector Bank, on Friday signed a Memorandum of Understanding (MoU) with the Indian Army to provide specially designed products to the Agniveers under the bank’s exclusive scheme of ‘PNB Agni Rakshak’.
This scheme includes, inter alia, personal accidental insurance, air-accidental insurance covering all Agniveers along with Zero balance salary account with Sweep facility, Internet banking and Alerts etc.
The signing ceremony of MoU was chaired by Lt Gen C. B. Ponnappa, AVSM, VSM (Adjutant General) along with other senior Army Officers and officials from the Ministry of Defence.
The MoU was exchanged between Lt Gen. V Sreehari, SC, SM, DG (MP & PS) on behalf of the Indian Army, and Sunil Soni, CGM, PNB, in a ceremony at the Indian Army Headquarters in Delhi.
Expressing gratitude for the association, Lt Gen C. B. Ponnappa said, “Over the past few years, banks have been quick in releasing payments for insurance claims and addressing immediate requirements. Further, with new digital services and awareness campaigns, banks are now even more accessible in rural areas, which has been a boon for defence professionals and their families. Hence, I am grateful that these financial institutions are now extending their advanced services
with the same responsibility to our Agniveers.” (UNI)