Agartala: Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with the Government of Tripura to offer a customised Salary Saving Account Scheme for permanent state government employees.
The package has been designed to provide employees and their families with a combination of financial security, insurance protection, healthcare services and convenient banking facilities.
The MoU was signed by Dr. Parshant Kumar Goyal, Secretary, Finance Department, Government of Tripura, and Bijender Singh, General Manager and Zonal Head, Guwahati, PNB.
PNB Salary Scheme Offers Insurance Cover Up to ₹3 Crore
A key feature of the customised salary package is its insurance protection. Employees will be eligible for various accidental insurance benefits based on the applicable terms and conditions.
The insurance benefits include:
- Personal Accidental Death Insurance: Up to ₹1.50 crore
- Air Accidental Insurance: Up to ₹3 crore
- Permanent Total Disability Cover: Up to ₹1.50 crore
- Support for higher education
- Girl-child marriage cover
- Emergency financial benefits
The package has been structured according to employees’ salary categories.
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Zero-Balance Accounts and Health Benefits
Under the scheme, eligible employees will receive zero-minimum-balance salary accounts along with several banking and healthcare-related benefits.
Health and wellness benefits include:
- Cashless annual health check-ups
- Tele-consultation facilities
- Hospicash benefits
The package is aimed at providing employees with convenient access to essential banking and financial services through a single salary account arrangement.
Employees to Get Instant Overdraft and Loan Benefits
The scheme also provides access to credit facilities and preferential loan benefits.
Employees will be eligible for an instant overdraft facility of up to twice their average net salary, subject to a maximum limit of ₹2 lakh.
Other banking and credit-related benefits include:
- Preferential housing loans
- Vehicle loans
- Education loans
- Personal loans
- Free and unlimited Demand Drafts
- Free cheque books
- Locker concessions
- Waiver of annual maintenance charges on Demat accounts, subject to applicable terms and conditions
- RuPay debit and credit card facilities
Family Members to Receive Banking Benefits
The benefits under the scheme will also extend to the families of eligible employees.
Family members will be able to open zero-balance accounts and access specified insurance coverage and free transaction facilities, subject to the scheme’s terms and conditions.
PNB said the initiative is intended to bring banking, insurance, healthcare and credit-related services together under one customised salary account package.
Senior Officials Attend MoU Signing
The MoU signing ceremony was attended by senior officials from PNB and the Tripura government.
Those present included:
- Dr. Parshant Kumar Goyal, Secretary, Finance Department, Government of Tripura
- Bijender Singh, General Manager and Zonal Head, Guwahati, PNB
- Rituraj Krishna, DGM and Circle Head, PNB Agartala
- Alok Priydarshi, CAC Head
- Other senior PNB officials from Agartala
The partnership is aimed at strengthening financial security and improving access to banking services for permanent Tripura government employees and their families.
About Punjab National Bank
Punjab National Bank (PNB) is one of India’s major public sector banks, offering a wide range of banking and financial services to individuals, businesses and government institutions. The bank provides services including deposits, loans, digital banking, insurance and other financial products through its extensive network across India.
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