Punjab National Bank (PNB), one of India’s most trusted public sector banks, has disbursed ₹17.02 crore to the families of 26 brave defence and paramilitary personnel who laid down their lives in the line of duty. This heartfelt gesture comes under the bank’s Rakshak Plus Scheme, designed specifically to offer robust financial and insurance support to India’s uniformed forces and their families in times of critical need.
The initiative reflects not only a financial commitment but also a deep sense of national gratitude and solidarity towards the country’s fallen heroes.
Why It Matters
As of June 11, 2025, PNB has provided this significant assistance as a mark of respect and responsibility. The martyrs supported under this scheme include those involved in high-risk operations, such as those in the volatile Birli Gali region.
In a statement, PNB highlighted that this aid represents more than monetary support — it embodies the nation’s collective tribute to the courage and selflessness of its protectors.
Inside the Rakshak Plus Scheme: What It Offers
Crafted exclusively for members of India’s defence and paramilitary services, the Rakshak Plus Scheme provides a comprehensive range of financial safeguards:
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₹1 crore accidental death or permanent total disability cover
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₹1.5 crore insurance for fatalities occurring during official air travel
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Financial assistance for partial disability sustained during active duty
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Customized financial services for uniformed personnel and their families
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Prompt disbursal of aid to bereaved families, ensuring timely relief
This initiative ensures that soldiers and their families are not left unsupported in moments of tragedy.
A Word 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, PNB (BARM Division)
His words underline the emotional and moral responsibility that PNB associates with this scheme — going beyond banking, into the realm of national service.
The Larger Mission Behind the Scheme
The Rakshak Plus Scheme is rooted in the bank’s commitment to build a secure financial future for those who protect the country. It aims to give peace of mind to serving soldiers, assuring them that their families will not face financial hardships in the unfortunate event of their passing.
Key Objectives:
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Ensure peace of mind to serving personnel
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Create a reliable financial cushion for families in emergencies
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Reinforce the social contract between the nation and its protectors
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Support soldiers from all branches of armed and paramilitary services across India
This scheme, while offering tangible benefits, also strengthens the invisible thread of trust between those in uniform and the country they serve.
Final Word
By extending ₹17.02 crore in aid to the families of 26 martyrs, Punjab National Bank has reaffirmed its role not just as a financial institution, but as a committed partner in the nation’s duty to honor and protect the legacy of its defenders. The Rakshak Plus Scheme stands tall as a testament to compassion, respect, and national pride.