Punjab National Bank (PNB), a leading public sector bank in India, has signed a Memorandum of Understanding (MoU) with Bharat Sanchar Nigam Limited (BSNL) to open salary accounts for BSNL employees. The MoU was signed in the presence of senior officials from both organizations, including Shri Suresh Kumar Rana, CGM of PNB, and Shri Prabhu Dayal Chirania, Sr. GM of BSNL.
Under the MoU, PNB will offer specially designed salary accounts to BSNL employees, providing a range of benefits aimed at ensuring their financial security and convenience. The key features of these salary accounts include customized account numbers, free insurance covers, and special concessions on home and car loans. The accounts will also offer free hospicash facility, term insurance, personal air and accidental insurance cover, and accidental education cover, among other benefits.
PNB’s salary accounts will also provide overdraft facilities and family banking benefits, making it a comprehensive financial solution for BSNL employees. The bank has committed to delivering value-added products that not only ensure the financial well-being of account holders but also support their families with a strong protection and benefit framework.
The partnership between PNB and BSNL is expected to promote inclusive growth and strengthen institutional relationships. Shri Suresh Kumar Rana, CGM of PNB, expressed his delight at partnering with BSNL and emphasized the bank’s commitment to delivering comprehensive financial services to its employees. The MoU is a significant step towards providing BSNL employees with a range of financial benefits and conveniences, and is expected to have a positive impact on their overall financial well-being.
The signing of the MoU is a testament to PNB’s efforts to build strong relationships with institutional clients and provide them with tailored financial solutions. By offering specially designed salary accounts to BSNL employees, PNB is demonstrating its commitment to providing value-added services that meet the unique needs of its clients. The partnership is expected to be mutually beneficial, with PNB gaining a significant client base and BSNL employees gaining access to a range of financial benefits and conveniences.