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
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.