New Delhi : Punjab & Sind Bank has reaffirmed its unwavering dedication to supporting the nation’s maritime guardians—the Indian Coast Guard—by formally renewing the Memorandum of Understanding (MoU) for the their PSB Gaurav Bachat Defence Salary Package for the next three years. This renewed collaboration underscores the Bank’s continued efforts to provide tailored financial solutions to the brave personnel who play a crucial role in safeguarding India’s maritime interests.
The MoU renewal ceremony took place in the esteemed presence of DIG Narendra Singh, TM, Principal Director (Administration), Indian Coast Guard, and Shri Gopal Krishan, General Manager, Punjab & Sind Bank. Senior officials from both institutions were also present, marking the occasion as a testament to the deep-rooted trust and longstanding association between the two organisations.
Through this renewed partnership, Punjab & Sind Bank will continue to offer a comprehensive suite of benefits under the PSB Gaurav Bachat Defence Salary Package —designed to address the unique financial needs of Coast Guard personnel. These include insurance benefits like Personal Accident Death Insurance of 1 Crore, concessions on all retail loan offerings, priority services, other insurance benefits, and enhanced digital banking facilities that ensure convenience and financial security for the officers and their families.
Speaking on the occasion, Punjab & Sind Bank highlighted its pride in serving the Indian Coast Guard, acknowledging their unparalleled dedication, resilience, and sacrifice. The Bank reiterated its commitment to strengthening this partnership by delivering dependable and service-oriented banking support.
This MoU renewal marks another significant milestone in the ongoing collaboration between Punjab & Sind Bank and the Indian Coast Guard. It reflects a shared mission of honouring and empowering the nation’s maritime protectors by ensuring their financial well-being and peace of mind.
