Punjab National Bank (PNB), one of India’s leading public sector banks, has signed a Memorandum of Understanding (MoU) with Bharat Sanchar Nigam Limited (BSNL) to provide 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 this agreement, PNB will offer its specially designed salary account packages to BSNL employees, which will include a range of benefits aimed at ensuring their financial security and convenience. The key features of these salary accounts include customized account numbers, free hospicash facilities, free term insurance, and free personal air and accidental insurance cover. Additionally, account holders will be eligible for free accidental education cover, girl child marriage cover, and family banking benefits.
PNB will also provide overdraft facilities and special concessions on home loan and car loan interest rates, processing charges, and documentation charges. The bank’s objective is to deliver 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 extending the bank’s comprehensive financial services to its employees. He emphasized PNB’s commitment to delivering products that support the financial well-being of account holders and their families.
The MoU signing ceremony was attended by senior dignitaries from both organizations, including Shri Parveen Goyal, CGM of PNB’s Delhi Zonal Office, and Shri Shailender Kumar, DGM of BSNL’s Corporate Budget and Banking. The partnership is a significant development in the banking and telecommunications sectors, and it is expected to benefit BSNL employees across the country. With this agreement, PNB aims to expand its customer base and strengthen its position as a leading public sector bank in India.