PNB Supports Martyrs’ Families with ₹17 Crore Aid Under Rakshak Plus Scheme

Punjab National Bank (PNB), one of India’s leading public sector banks, has extended financial assistance worth ₹17.02 crore to the families of 26 defence and paramilitary personnel who lost their lives in the line of duty. This support was delivered under the bank’s dedicated Rakshak Plus Scheme, which aims to provide critical financial and insurance support to uniformed personnel and their families during times of loss or injury. The initiative stands as a symbol of gratitude and respect for the ultimate sacrifice made by India’s brave soldiers.

Why in News?

As of June 11, 2025, PNB has disbursed ₹17.02 crore to families of 26 martyrs under the Rakshak Plus Scheme. The bank reaffirms its commitment to serving defence personnel with robust insurance coverage and emergency financial support. The support includes martyrs from high-risk operations such as Birli Gali. PNB described the aid as an extension of the nation’s collective respect and responsibility toward the armed forces.

About the Rakshak Plus Scheme

• PNB’s Rakshak Plus Scheme is a specialized financial and insurance plan created exclusively for defence and paramilitary personnel, offering the following benefits:
• Personal Accidental Insurance: ₹1 crore for death or permanent total disability.
• Air Travel Insurance: ₹1.5 crore in case of death during official air travel.
• Partial Disability Cover: Financial support for injuries sustained in duty.
• Tailored Benefits: Customized services for armed forces personnel and their families.
• Timely Support: Ensures bereaved families receive quick financial aid.

Statements from PNB Leadership

• “It is our solemn duty to stand by the families of our martyrs. Through the Rakshak Plus Scheme, we offer more than financial assistance — it serves as a symbol of our enduring respect for their sacrifice.” Binay Gupta, Chief General Manager (BARM), PNB

Background and Significance

• Objective: Provide peace of mind to defence personnel, knowing their families will be financially protected in case of tragedy.
• Launch Intent: Create a support mechanism tailored for India’s security forces, where insurance and prompt financial help is easily accessible.
• Scope: Available to all active-duty soldiers and paramilitary personnel across the country.
• Symbolic Importance: Reinforces the social contract between the nation and its protectors.