For those who dedicate their lives to the nation’s safety, whether in uniform or through specialised agencies, financial security should never be a second thought.
Punjab National Bank (PNB) understands this responsibility and has introduced a comprehensive support initiative, the PNB Rakshak Plus Scheme, which has evolved further in 2025 to meet modern needs.
With tailored benefits like personal accident insurance, zero balance accounts, concessional loan terms, and more, this scheme goes beyond just banking. It ensures that every defence family experiences not just convenience, but peace of mind.
Let’s explore who qualifies, what’s included, and how this scheme is making a difference today.
What Is the PNB Rakshak Plus Scheme?
The PNB Rakshak Plus Scheme is a specialised financial package created by Punjab National Bank to serve the unique requirements of India’s armed forces, paramilitary, police forces, and elite national intelligence groups.
Who’s Covered Under the Scheme?
The eligibility is broad and inclusive:
- Indian Armed Forces (Army, Navy, Air Force)
- Cadets in defence training
- Central paramilitary forces like BSF, CRPF, CISF, ITBP
- Indian Coast Guard
- State police forces including metro police in cities like Delhi, Mumbai, and Kolkata
- Research and Analysis Wing (RAW), Intelligence Bureau (IB), Central Bureau of Investigation (CBI)
- Gentlemen Cadets
- Special Forces at both the state and central levels
- Firefighting units and NDRF
- Pensioners who receive pensions via PNB’s CPPC or SPARSH system
This wide coverage also includes trainees and salaried personnel from units such as Assam Rifles, SSB, RPF, NSG, and Special Protection Group.
Who Can Avail Benefits Under The PNB Rakshak Plus Scheme Assistance?
Not limited to serving defence members alone, PNB Rakshak Plus Scheme Assistance is available to a wide category of individuals who play a role in national safety.
Eligible Applicants Include
- Serving personnel of all three defence wings
- Retired or non-serving personnel receiving pensions via PNB
- Para-military personnel and police officers
- Members of central intelligence and investigation agencies
- Firefighters and NDRF units
- Dependent family members of account holders
It’s important to note that pensioners must have their pension directly credited through PNB’s systems like CPPC or SPARSH to access the scheme’s benefits. Pension payments made via cheque or NEFT from non-government sources may not be eligible.
This widespread inclusion reflects the scheme’s purpose: recognising every individual who contributes to the country’s defence ecosystem.
What Types Of Insurance Covers Are Offered Under PNB Rakshak Plus Scheme?
One of the most significant features of this scheme is its extensive insurance coverage, catering to both serving and retired personnel.
Key Insurance Benefits Comparison
| Insurance Coverage | Serving Personnel | Pensioners |
| Personal Accident (Death) | ₹1 Crore | ₹50 Lakh |
| Air Accident (Death) | ₹1.5 Crore | ₹1 Crore |
| Permanent Total Disability | ₹1 Crore | ₹50 Lakh |
| Funeral Expenses | ₹30,000 | ₹10,000 |
| Medical Emergency | ₹25,000 | ₹25,000 |
| Ambulance Charges | ₹50,000 | ₹10,000 |
| Air Ambulance | ₹10 Lakh | Not Applicable |
| PPD (Partial Disability) | Up to ₹1 Crore | Up to ₹50 Lakh |
| Anti-National Activity Death Cover | ₹10 Lakh | ₹10 Lakh |
| Education Support (2 Children) | ₹5 Lakh/year for 4 years | ₹5 Lakh/year for 4 years |
| Girl Child Marriage Aid | ₹10 Lakh | ₹5 Lakh |
| Death After Coma | ₹5 Lakh | ₹2 Lakh |
| Travel Expenses (2 family members) | ₹40,000 | ₹40,000 |
| Body Repatriation | ₹50,000 | ₹40,000 |
Additional Insurance via Cards
- Debit Card Coverage: ₹2 Lakh to ₹10 Lakh (RuPay Select only)
- Credit Card Coverage: ₹10 Lakh
The level of support is not just comprehensive but designed specifically with high-risk service roles in mind.
How Does PNB Rakshak Plus Scheme Assistance Support Defence Families?
The scheme doesn’t stop with the account holder. It thoughtfully includes benefits tailored for their loved ones, ensuring a holistic safety net.
Family Benefits Include
- Zero Balance Savings Accounts for spouse, parents, and dependent children
- Marriage Coverage for girl children, up to ₹10 lakh
- Educational Aid for two dependent children in case of accidental death
- Body repatriation, funeral costs, and travel assistance for family members during emergencies
The scheme recognises the sacrifice of not just the individual but the family as a whole.
What Are The Key Banking Features Of The Rakshak Plus Account?
Beyond insurance, PNB Rakshak Plus provides smart and seamless banking services that simplify life for those who serve.
Core Banking Facilities
- Zero Balance Account: No minimum balance required
- Sweep Facility: Auto-transfer to FD for balances above ₹10,000
- Minimum Sweep In/Out: ₹1,000
- Overdraft Facility: Up to ₹3 lakh based on the last 3 months’ net salary or pension
- Unlimited Demand Drafts and Pay Orders: Up to ₹50,000 per transaction
- Gorkha Personnel Remittance: Free transactions with Everest Bank in Nepal
Additional Benefits
- 25% off on locker Annual Maintenance Charges (AMC) for 3 years
- Free SMS alerts and passbook updates at all branches
- All PNB branches treated as ‘home’ branches – no location-based restrictions
- Education loan under PNB Pratibha for account holders’ children at premier institutes
These features aim to eliminate banking stress and reduce physical branch dependency.
How Do PNB Rakshak Plus Scheme Benefits Differ For Agniveers?
Recognising the introduction of Agnipath Scheme by the Government of India, PNB has created a special variant called PNB Agni Rakshak for Agniveers.
Agni Rakshak Key Features
- Zero Balance Salary Account
- Personal Accident Insurance: ₹1 Crore
- Air Accident Insurance: ₹1.5 Crore
- Sweep and OD Facilities: Overdraft up to ₹75,000
- 25% AMC Rebate: For 3 years on locker rent
- Free Unlimited DDs/POs
- Debit & Credit Card Benefits
- Zero Balance Accounts for Dependents
Like Rakshak Plus, this version ensures that the temporary nature of Agniveer service does not limit their access to comprehensive financial protection.
What Are The Benefits For Police Personnel Under The PNB Police Rakshak Scheme?
PNB also extends its gratitude to those in law enforcement through the PNB Police Rakshak Scheme.
Who’s Eligible?
- Central Police Forces
- State Police Departments
- Railway Protection Force (RPF)
- Union Territory Police
Key Benefits
- Personal Accident Insurance: ₹40 Lakh
- Air Accident Insurance: ₹80 Lakh
- Life Insurance: ₹3 Lakh
- Overdraft and Sweep Facilities
- Free Fund Transfers and NEFT/RTGS
- Locker Concessions and Free Passbook Updates
The offering ensures that police personnel, often first responders in emergencies, receive due financial recognition and support.
What Unique Features Make This Scheme Financially Valuable?
Apart from the standout insurance coverage and banking perks, there are unique aspects that elevate this scheme.
Noteworthy Highlights
- All-India Home Branch Access: Elimination of local branch dependence
- Gorkha-Nepal Remittance: Cross-border banking without any charges
- Loan Concessions: On home, car, personal and education loans
- Quick Claim Disbursement: Simplified and prompt processing
- Plastic Surgery and Burn Cover: Up to ₹10 Lakh
These features are crafted to match the high-risk lives of those who serve the nation, ensuring they are never financially unprepared.
What Documentation Is Required To Avail PNB Rakshak Plus Scheme Assistance?
To ensure quick and smooth enrolment, PNB has kept the documentation process simple yet secure.
Commonly Required Documents
- Official Service ID or Pension Certificate
- Proof of salary or pension credit via PNB (CPPC/SPARSH)
- Aadhaar and PAN card
- Nominee details for insurance claims
- Filled application form available at any PNB branch or online portal
It’s advisable to verify exact requirements with your branch for scheme-specific variations.
Why Should Defence Personnel Consider The PNB Rakshak Plus Scheme In 2025?
In today’s fast-changing environment, having a reliable financial partner is essential. The PNB Rakshak Plus Scheme in 2025 has been enhanced with even more practical tools, robust insurance coverage, and a personalised approach.
Whether you’re on active duty or drawing pension after years of service, this scheme offers not just security but dignity. With high-value covers, hassle-free banking, and care for your family, it is truly a salute in service of your sacrifice.
If you haven’t yet considered opening an account, now is the time.
Conclusion
The PNB Rakshak Plus Scheme Assistance stands as a heartfelt initiative that goes beyond banking. It addresses the unique risks, responsibilities, and realities of those who serve in the defence and security sectors of India.
With thoughtful benefits tailored for both the individual and their family, PNB ensures a financial structure that protects, rewards, and honours.
Whether you are a serving officer, a retiree, or part of the extended defence community, the Rakshak Plus Scheme is designed with your needs in mind. In 2025, this scheme remains one of the most comprehensive financial safety nets available to India’s real heroes.
Frequently Asked Questions
Who Is Eligible To Open A PNB Rakshak Plus Account?
All serving and retired personnel from the armed forces, paramilitary units, police forces, and intelligence agencies are eligible, along with cadets, special forces, and pensioners receiving credit through PNB’s CPPC or SPARSH.
Can Pensioners Avail The Full Benefits Of The Scheme?
Yes, pensioners drawing their pension through PNB (via CPPC or SPARSH) are fully eligible for insurance and banking benefits under the scheme.
What Is The Maximum Insurance Coverage Offered?
The highest coverage is ₹1.5 crore for air accident death for serving personnel. Other covers include ₹1 crore for accidental death and ₹1 crore for permanent total disability.
Are Family Members Covered Under The Scheme?
Yes, dependent family members can open zero balance savings accounts and benefit from educational and marriage assistance.
How Can I Apply For The Rakshak Plus Scheme?
You can visit any PNB branch with the necessary documents or apply through their official online portals.
Are These Accounts Accessible At All Branches?
Yes, all PNB branches across India treat Rakshak Plus accounts as ‘home’ branches, ensuring seamless service regardless of location.
