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RAKSHAK PLUS SCHEME

SALIENT FEATURES

  • Covers all Serving, Veterans and Trainees ( in receipt of salary or pension from the government).
  • ZERO Balance Life-long Unique Savings Bank account
  • Free Sweep-In / Out facility with threshold amount of Rs 10,000/- subject to Sweep-in/out in multiples of Rs 1,000/-. TDRs/STDRs created through Sweep facility will be issued for a period of 7 to 365 day at prevailing Fixed Deposit card interest rates for single Term Deposit.
  • No `Cash Handling Charges` for any transaction
  • Overdraft up to last three months` NET Salary/ Pension @ `MCLR + 2% pa, subject to max of :-

For JCOs/ ORs of Indian Army & equivalents : Rs 75,000/-

For Officers of Indian Army & equivalents : Rs 3 Lakhs

  • Unlimited free DDs / POs with a ceiling of Rs 50,000/- per free DD/ PO
  • Zero Balance Savings Bank account to family members; viz. Parents, Spouse and dependent Children
  • Personal Accidental (Death/ Permanent Total Disability) Insurance (PAI): Rs 30 lakhs
  • Air Accident (Death) Insurance (AAI): Rs 1 Crore
  • Financial Support for Education to a dependent child of a PAI (Death) Case @ Rs. 1 lac per year for 4 years.

ATM cum Debit Card

  • Officers of the Indian Army & equivalents : `Platinum` RuPay International Debit cum ATM Card providing :-
    • Daily maximum transaction limit of Rs. 50,000/- at ATMs and upto Rs 4 Lakhs at PoS /ECOM
    • Lounge Access @ 2 times per calendar quarter/per card at domestic lounges and 2 times per card/ annum at international lounges; free of cost
    • Insurance Cover of Rs 2 Lac in case of accidental death/permanent disablement; in addition to PAI Cover
  • JCOs/ ORs of Indian Army & equivalents: `Classic` RuPay International Debit cum ATM Card providing :-
    • Daily Maximum Transaction Limit of Rs. 25,000/- at ATMs for Cash Withdrawal and Rs. 1.5 Lac at PoS/ ECOM
    • Insurance Cover of Rs 1 Lac in case of accidental death/ permanent total disablement; in addition to PAI Cover
  • Add-On Card(s) for Joint holder
  • (Note : Both the above stated Cards are provided free of cost and no AMC till connected SB a/c under `RAKSHAK PLUS` is kept active)

Credit Card

  • `Platinum` RuPay Credit Card for JCOs/ ORs of Indian Army & equivalents
  • `Select` RuPay Credit Card for Officers of the Indian Army & equivalents
  • Subject to Terms & Conditions, these Cards provide :-
    • Exclusive Personal Accident (Death/Permanent disability) Insurance Cover upto Rs 2 lakh (`Platinum`)/Rs. 10 lakh(`Select`)
    • Complimentary domestic and international lounge programmes for `Select` Cards.
    • Zero joining fees and `Nil` Annual Maintenance Charges.
    • Card Limit @ two times of Net monthly income/ pension subject to prevailing bank policy from time to time.

Concessional Home Loan

  • RoI : 1 Year MCLR+ 0.15-0.35%
  • NIL Processing and Documentation Charges
  • 5% Concession in Margin requirement in Home Loan

Concessional Personal Loan

  • RoI : 1Y MCLR + 2.00%
  • Repayment Tenure : Maximum 60 months.

Concessional Car Loan (New & Old Cars)

  • 100% of `On-road Price`
  • Rate of Interest: 1Y MCLR + 0.35%
  • Processing charges: Fully waived

Concessional Education Loans

Saraswati Education Loan Scheme :

  • RoI(Loan upto Rs 7.5 Lakhs) : 1YMCLR + 1.5% pa
  • RoI(Loan above Rs 7.5Lakhs): 1YMCLR + 2.10% pa
  • RoI(Loan with tangible collateral security): 1YMCLR+1.35% pa

Pratibha Education Loan Scheme. (For IITs/IIMs and AWES Colleges)

  • For Six AWES (Army Welfare Educational Society) Institutes
  • RoI(Loans below Rs 7.5 Lakhs): 1YMCLR+0.60% pa
  • RoI(Loans above Rs 7.5 Lakhs): 1YMCLR+0.10% pa

Allotment of Lockers on Preferential basis. With 25% Annual Maintenance Charges (AMC) waived-off for first three years from date of issue

Free remittance of funds for Gorkha Soldiers of Indian Army. To and from Nepal and provision of reciprocal Savings Bank account with the Everest Bank Limited wherein the PNB has significant stake

Dedicated Rakshak Portal

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  • Rewarded

    Rewarded

    Earn reward points on transactions made at POS and e-commerce outlets

  • Book your locker

    Book your locker

    Deposit lockers are available to keep your valuables in a stringent and safe environment

  • Financial Advice?

    Financial Advice?

    Connect to our financial advisors to seek assistance and meet set financial goals.

  • ATM & Branch Network

    ATM & Branch Network

    Find PNB Branches and ATMs in proximity to your location.

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