Punjab National Bank (PNB) has signed an agreement with The Singareni Colleries Company (SCCL) to launch the comprehensive salary saving scheme featuring enhanced accidental insurance coverage of Rs 1.25 crore for SCCL employees. This marks a significant milestone in providing comprehensive financial protection to coal mining workers and their families.
As per the agreement, account holders would get up to Rs 5 lakh for two dependent children (aged up to 25 years) for college and higher studies, available for up to three years. The bank would offer a maximum Rs 10 lakh per daughter for marriage of up to two daughters (aged 18-25 years).
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
