Punjab National Bank (PNB) has extended financial assistance amounting to ₹17.02 crore to the families of 26 defence and paramilitary personnel who lost their lives in the line of duty. The support, disbursed under the bank’s Rakshak Plus Scheme, reflects PNB’s ongoing commitment to honouring the sacrifices of India’s uniformed forces.
According to a statement from the state-owned lender, the aid was provided as of June 11, 2025. It covers cases including those involved in operations like Birli Gali. The initiative is part of the bank’s broader efforts to uphold the welfare of soldiers and their families during times of loss.
“It is our solemn duty to stand by the families of our martyrs,” said Binay Gupta, Chief General Manager of PNB’s Business and Risk Management division. “Through the Rakshak Plus Scheme, PNB offers more than financial support—it is a tribute to the valour and sacrifice of our defence personnel.”
Key Features of the Rakshak Plus Scheme
PNB’s Rakshak Plus Scheme is a tailor-made financial product for defence and paramilitary forces. It includes comprehensive insurance coverage and timely support mechanisms:
- ₹1 crore personal accidental insurance in the event of death or permanent total disability.
- ₹1.5 crore air accident insurance for fatalities occurring during air travel.
- Partial disability coverage for those injured during operations.
- Customised benefits specifically designed for members of the armed and paramilitary forces.
- Swift disbursement of funds to bereaved families to reduce financial strain during emergencies.
The bank emphasised that this initiative is not just about monetary compensation but about offering emotional and practical support during critical times. PNB reiterated its dedication to delivering timely and respectful assistance to those who serve the nation selflessly.
The Rakshak Plus Scheme aims to provide peace of mind to soldiers and their families, assuring them that their service and sacrifices will not go unrecognised.