PNB Rakshak Scheme

PNB Rakshak Scheme

Eligibility : All defence personnel (army, naval/air force) including BSF, CRPF, CISF, ITBP, Indian coast guard, State & Metro Police (cities which follows police commissionerate system), IB, CBI, RAW & para-military personnel. This is also extended to pensioners of Indian army if they draw their pensions through PNB branch. Scheme has 2 flavors i.e. Sweep & OD.

Saving a/c scheme provides facility with auto sweep of amount from SF to FD & vice versa or overdraft facility.

Minimum deposit : nil & Q.A.B. : Nil

Zero balance Account

Life time unique number

Sweep allowed after Rs.10000 and thereafter in multiples of Rs.1000 thereof.

Tenor of FDR: 7 days to 179 days. For FD intt. Amount must remain at least for 7 days in FFD / OR

O/D facility of upto sum of last two months net salary.

Concession in margin on Home Loan: 5% (Upto Rs.50 Lacs)

Insurance cover is delinked from ATM/ Credit Card. Now It has been linked with regular credit of last three month salary in Rakshak account. Normal Classic or Platinum ATM/ Debit Card will be issued free of cost.

No AMC charges on ATM/ Debit cards

Free inter branch transfer of funds

Unlimited cheque book facility (except EMIs of Banks/FI)

Concession in locker charges @ 25% for 1st year only.

On line trading

Internet Banking


Outstation Cheque instant credit: Rs.25000/-

Accidental insurance *:

Persons below officer rank : Rs.3 lac* , air accident Rs. 5.00 lac**

Officers below the rank of brigadier : Rs. 5 lac*, air accident Rs. 10.00 lac**

Brigadier & above : Rs. 10 lac*, air accident Rs. 20.00 lac**

Personal accident insurance benefit will be linked to credit of monthly salary for previous three months in the account.

**1. Air ticket is purchased by using salary account through internet/e-com transactions.

2. Credit of monthly salary for previous three months in the account.

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