New Delhi: Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with The Oriental Insurance Company Limited (OICL) to provide exclusive salary account benefits to OICL employees.
The agreement was signed on August 20, 2026, and aims to provide employees of Oriental Insurance with enhanced banking facilities, value-added services and a comprehensive range of benefits under PNB’s Salary Package.
PNB and Oriental Insurance Sign MoU
The MoU was formally signed by Mr. Sudhir Dalal, Chief General Manager, PNB, and Mr. Chhotu Ram, General Manager, OICL.
The signing ceremony was held in the presence of senior leadership from both organisations, including:
- Mr. Ashok Chandra, Managing Director & CEO, PNB
- Mr. Sanjay Joshi, Chairman & Managing Director, OICL
- Mr. Sudhir Dalal, Chief General Manager, PNB
- Mr. Chhotu Ram, General Manager, OICL
The agreement establishes a framework for extending special salary account benefits to employees of Oriental Insurance through PNB.
Read also: Indian Army Signs MoU with PNB to Offer Special Credit Cards and Benefits to Personnel
OICL Employees to Get Special Salary Account Benefits
Under the collaboration, OICL employees will have access to PNB’s Salary Package, which is designed to provide enhanced banking services and additional value-added benefits.
The partnership aims to offer employees:
- Enhanced banking facilities
- Special salary account benefits
- Value-added banking services
- A comprehensive range of benefits under PNB’s Salary Package
- Greater convenience in managing salary accounts
The initiative is intended to strengthen the banking relationship between PNB and OICL while providing employees with a wider range of financial services.
Collaboration Strengthens Institutional Partnership
The MoU brings together two major public-sector institutions and establishes a structured framework for providing banking services to OICL employees.
Through the partnership, PNB will extend its salary package offerings to OICL employees, while OICL employees will benefit from access to PNB’s banking facilities and associated services.
The collaboration reflects the focus of both organisations on enhancing employee-focused financial services and strengthening institutional cooperation.
About Punjab National Bank
Punjab National Bank (PNB) is one of India’s oldest and largest public sector banks, providing banking and financial services across the country. Established in 1894, the bank offers services including retail banking, corporate banking, loans, digital banking, and financial solutions for individuals, businesses, and government organisations. PNB continues to support economic development through customer-focused banking initiatives and partnerships.
Read also: PNB and IRCON Sign MoU to Provide Exclusive Salary and Pension Account Services for Employees
