PNB Supports Martyrs' Families with ₹17.02 Crore Aid

Punjab National Bank (PNB), a leading state-owned bank, has announced that it has provided ₹17.02 crore in financial aid to the families of 26 brave defence and paramilitary personnel who sacrificed their lives while serving the nation. This support, extended as of June 11, 2025, highlights PNB's deep commitment to those who protect our country. 

The assistance was provided under PNB’s special initiative, the Rakshak Plus Scheme. This scheme is specifically designed to offer crucial financial backing to the families of personnel who died in the line of duty, including those involved in challenging operations like Birli Gali. PNB stated that this aid is a clear sign of its continuous and strong support for our soldiers. 

What is the Rakshak Plus Scheme? 

The Rakshak Plus Scheme is a comprehensive financial product tailored for defence and paramilitary personnel. It provides a wide array of benefits aimed at supporting soldiers and their families. Key features of the scheme include: 

• Generous Personal Accident Insurance: In the unfortunate event of death or permanent total disability, the scheme provides a significant personal accidental insurance cover of ₹1 crore. 

• Air Accident Coverage: For deaths occurring during air travel, the scheme offers an even higher coverage of ₹1.5 crore. 

• Support for Injuries: It also includes partial disability coverage for personnel who are injured while on duty, offering a safety net for those who face non-fatal but life-altering injuries. 

• Tailored Benefits: The scheme comes with additional benefits specifically designed to meet the unique needs of uniformed personnel. 

• Prompt Assistance: PNB is committed to ensuring that bereaved families receive timely financial help, providing peace of mind during their most challenging moments. 

Why is PNB Offering This to Defence Personnel?  

Binay Gupta, PNB's Chief General Manager (BARM), has emphasised the bank's dedication towards serving India’s martyrs. As per news reports, he has shared that, "It is our solemn duty to stand by the families of our martyrs. Through the Rakshak Plus Scheme, PNB offers more than financial assistance; it serves as a symbol of our respect and enduring support for their immense sacrifices.”  This statement underscores the bank's understanding of the profound loss faced by these families and its commitment to helping them navigate difficult times. 

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Conclusion 

PNB’s efforts through the Rakshak Plus Scheme demonstrate its dedication to the welfare of India's defence and paramilitary forces and their families. By offering substantial financial assistance and comprehensive insurance cover, the bank aims to provide a sense of security and unwavering support to those who have given their all to the nation.  

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