Shimla: Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with Himachal Pradesh State Electricity Board Limited (HPSEBL) to provide salary account and pension account services to employees and retired staff of the state power utility.
Under the agreement, PNB will manage salary accounts of HPSEBL’s regular and contractual employees and provide pension account facilities to HPSEBL pensioners. The partnership will also offer a wide range of digital banking services, retail lending solutions, and value-added financial products.
MoU Strengthens Partnership Between PNB and HPSEBL
The MoU was exchanged between Rajesh Kumar, Zonal Manager, PNB Shimla, and Prabodh Saxena, Chairman, HPSEBL, in the presence of senior officials from both organisations.
The event was attended by:
- Shikha Aneja, Circle Head, PNB Shimla
- Shrawan Manta, Director (Finance), HPSEBL
- Isha Thakur, Executive Director (Personnel), HPSEBL
- Arjun Singh Thakur, Chief Audit Officer, HPSEBL
- Senior officials from PNB and HPSEBL
The agreement reflects the continued trust between the two organisations and further strengthens their long-standing association.
Read also: PNB Signs MoU with Telangana Government for Salary Accounts and Insurance Benefits for Employees
Salary and Pension Banking Services for HPSEBL Employees
Through this partnership, PNB will provide dedicated banking solutions to HPSEBL’s workforce.
The agreement includes:
- Salary accounts for regular employees
- Salary accounts for contractual employees
- Pension accounts for retired HPSEBL employees
- Easy access to banking services through PNB’s branch network and digital platforms
The initiative aims to make financial services more convenient, secure, and accessible for employees and pensioners.
Digital Banking and Retail Financial Solutions Under Partnership
Along with salary and pension account services, PNB will extend several additional financial facilities to HPSEBL employees and pensioners.
These services include:
- Digital banking facilities
- Retail loan products
- Financial assistance solutions
- Other value-added banking services
The partnership is expected to provide employees with a complete banking ecosystem for their daily financial needs.
PNB Aims to Enhance Customer Convenience Through Institutional Partnership
PNB said the collaboration is focused on delivering secure and convenient banking solutions while improving access to financial products for HPSEBL employees and pensioners.
The agreement will allow beneficiaries to use modern banking facilities and benefit from the bank’s wide network and digital platforms.
Longstanding Association Between PNB and HPSEBL Gets Stronger
The latest MoU further strengthens the relationship between Punjab National Bank and Himachal Pradesh State Electricity Board Limited.
The partnership highlights HPSEBL’s confidence in PNB’s banking services and customer support capabilities.
For PNB, the collaboration will strengthen its institutional banking portfolio, while HPSEBL employees and pensioners will gain access to broader financial services under a single platform.
About Punjab National Bank (PNB)
Punjab National Bank (PNB) is one of India’s largest public sector banks, offering a wide range of banking and financial services including retail banking, corporate banking, digital banking, loans, and investment solutions. Established in 1894, PNB operates through an extensive network of branches and digital platforms across India and serves millions of customers.
