Public sector bank, Punjab National Bank (PNB) has signed a memorandum of understanding (MoU) with the Indian Air Force (IAF)

Daily Current Affairs / Public sector bank, Punjab National Bank (PNB) has signed a memorandum of understanding (MoU) with the Indian Air Force (IAF)

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Category : Miscellaneous Published on: July 11 2022

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Public Sector Bank, Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF).
The MOU is signed under its flagship scheme, PNB Rakshak Scheme.
This scheme includes personal accident insurance as well as air accidental insurance to serving, retired as well trainees of the defence forces.
It also covers retired defence pensioners, along with personnel of the central armed police forces, state police force, and metro police
The country’s largest bank, the State Bank of India (SBI) has simultaneously renewed its existing MoU on defence salary package scheme with IAF.