Punjab & Sind Bank Partners with Indian Army for Salary Accounts
ECONOMY & POLICY

Punjab & Sind Bank Partners with Indian Army for Salary Accounts

Punjab & Sind Bank has signed a significant agreement with the Indian Army to offer exclusive salary account services tailored to meet the financial needs of army personnel. This strategic partnership aims to provide a range of banking benefits and customised services to soldiers and their families, enhancing their financial well-being.

Under the terms of the agreement, Punjab & Sind Bank will offer specially designed salary accounts that include features such as zero balance requirements, free insurance coverage, and preferential loan rates. These benefits are intended to provide financial security and convenience to army personnel, acknowledging their service and dedication to the nation.

The collaboration will enable Punjab & Sind Bank to extend its reach within the defence sector, catering to the unique banking requirements of army personnel. The bank's comprehensive service package includes additional perks such as free unlimited transactions at ATMs, free remittance facilities, and exclusive overdraft privileges.

The partnership reflects Punjab & Sind Bank's commitment to supporting the Indian Army by delivering value-added financial solutions that simplify banking for soldiers. It also aligns with the bank's broader mission to enhance customer satisfaction and foster long-term relationships through personalised banking services.

As Punjab & Sind Bank implements this agreement, it anticipates a positive impact on the financial management of army personnel, providing them with accessible and beneficial banking options. This initiative underscores the bank's dedication to serving those who serve the nation, ensuring their financial needs are met with the highest standards of care and efficiency.

Punjab & Sind Bank has signed a significant agreement with the Indian Army to offer exclusive salary account services tailored to meet the financial needs of army personnel. This strategic partnership aims to provide a range of banking benefits and customised services to soldiers and their families, enhancing their financial well-being. Under the terms of the agreement, Punjab & Sind Bank will offer specially designed salary accounts that include features such as zero balance requirements, free insurance coverage, and preferential loan rates. These benefits are intended to provide financial security and convenience to army personnel, acknowledging their service and dedication to the nation. The collaboration will enable Punjab & Sind Bank to extend its reach within the defence sector, catering to the unique banking requirements of army personnel. The bank's comprehensive service package includes additional perks such as free unlimited transactions at ATMs, free remittance facilities, and exclusive overdraft privileges. The partnership reflects Punjab & Sind Bank's commitment to supporting the Indian Army by delivering value-added financial solutions that simplify banking for soldiers. It also aligns with the bank's broader mission to enhance customer satisfaction and foster long-term relationships through personalised banking services. As Punjab & Sind Bank implements this agreement, it anticipates a positive impact on the financial management of army personnel, providing them with accessible and beneficial banking options. This initiative underscores the bank's dedication to serving those who serve the nation, ensuring their financial needs are met with the highest standards of care and efficiency.

Next Story
Infrastructure Urban

Vedanta Aluminium wins accolades for environment and energy excellence

Vedanta Aluminium, India?s largest producer of aluminium, has won the prestigious Kalinga Energy Excellence Award and Kalinga Environment Excellence Award for its alumina refinery unit at Lanjigarh, Kalahandi district. These awards were presented by the Institute of Quality and Environment Management (IQEMS) in association with the Odisha State Pollution Control Board and the Institute of Public Enterprise, Hyderabad. Vedanta?s Lanjigarh unit, India?s premier producer of smelter-grade alumina, has undertaken multiple initiatives as part of Vedanta Aluminium?s sustainability goals such as Net ..

Next Story
Infrastructure Urban

IREDA loan surges to Rs 91.36 billion in April-June

Public sector non-banking financial company IREDA announced on that it experienced significant growth in its sanctioned loans, which reached Rs 91.36 billion during April-June FY25. The company's loan disbursements also saw a notable increase of 67.61 per cent, rising to Rs 53.20 billion in the same period, compared to Rs 31.74 billion in the corresponding period of the previous year. According to the company's statement, the total outstanding loan book as of June 30, 2024, stood at Rs 631.50 billion, marking a 33.77 per cent rise from Rs 472.07 billion in April-June FY24. Pradip Kumar Das, ..

Next Story
Infrastructure Urban

India, Australia to Enhance Cooperation in Critical Minerals and Processing

India and Australia are exploring ways to enhance cooperation in critical minerals, their processing, and battery production, according to Commerce Secretary Sunil Barthwal. He mentioned that both countries have signed an interim free trade agreement and are negotiating to expand it into a comprehensive pact. At a conference on the roadmap for vehicle electrification, Barthwal discussed the potential integration of the Indian and Australian economies in areas such as battery production, mineral production, mineral processing, and vehicle production. He highlighted the steps taken by the Indi..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000

Join us Telegram