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Saturday, April 12, 2025

Punjab National Bank Unveils 34 Innovative Products for Its 131st Anniversary

New Delhi [India], April 12 (ANI): Punjab National Bank ( PNB ), the nation's leading public sector bank "> bank , celebrated its 131st Foundation Day , marking more than a hundred years of endurance, reliability, and customer focus bank "> bank The announcement was made on Saturday, according to a statement.

Based on the announcement, the festivities at the PNB Headquarters in Dwarka, New Delhi , saw involvement from prominent officials, bank "> bank leaders, staff members, and clients, mirroring the bank "> bank His unwavering commitment to innovation, financial inclusiveness, and digital change.

M Nagaraju (Secretary of DFS), Ashok Chandra ( PNB MD&CEO), and the PNB Kalyan Kumar, M Paramasivam, Bibhu Prasad Mahapatra, and D Surendran attended the event.

M Nagaraju, Secretary of the Department of Financial Services (DFS), expressed appreciation. PNB For its groundbreaking product offerings, emphasizing their substantial role in expanding financial inclusivity and improving user experience. He likewise expressed appreciation for the bank "> bank is taking proactive steps to enhance cyber awareness among residents, strengthening its dedication to ensuring security and responsibility online. bank "> bank ing.

Ashok Chandra, MD & CEO, PNB , conveyed his appreciation to all stakeholders and mentioned: " PNB has been a cornerstone in India's development, offering credit across every sector and ensuring financial inclusion throughout the nation. Our initiatives have supported the underprivileged, empowered citizens, educated the youth, increased farmers' income, and fostered entrepreneurship--all aligned with the vision of a Viksit Bharat by 2047. As a customer-first bank "> bank , we continually improve our complaint resolution process, upgrade call center operations, and use QR codes efficiently for gathering customer feedback to boost service quality."

PNB 's 131st Foundation Day was marked with the launch of 34 new bank "> bank Offering products and services that include 12 customer-focused savings plans and 10 digital transformation solutions.

The introduced savings plans cater specifically to salaried individuals, women, defense staff, agricultural workers, non-resident Indians, older adults, retirees, college students, and young people. Notable aspects common among all these offerings encompass tailored account identifiers, protection through personal accident and life coverage, health care advantages, along with enhanced capabilities of their ATM/debit cards.

Several of the key products encompass PNB Salary Savings Account (Neo, Excel, Optima, Imperial), PNB Women Power Scheme (Pearl, Emerald, Solitaire), PNB Kisan Saving Fund (Harit, Samriddhi), PNB Rakshak Plus (designed for military personnel and law enforcement officers) PNB Samman Account (designed for senior citizens and pensioners), amongst other offerings.

The bank "> bank has also implemented a QR code-driven customer feedback system, a real-time chat support named "Pihu," and enhanced internal processes bank "> bank Including features for improved client support.

As part of its digital strategy, PNB Additionally, they introduced 10 new technology-enabled services such as consolidated DEMAT and trading account openings through a single interface, digital loans using deposited assets, fixed deposit reservations via WhatsApp, along with improvements to various features. PNB A single business application. Additional major digital efforts encompass GST Express Loans aimed at newcomers. bank "> bank Customers up to Rs 1 crore, Digital MSME loans up to Rs 25 lakh, Self-service for opening Savings and PPF accounts, and financing options for rooftop solar setups, amongst other services.

In keeping with its vision for social responsibility, PNB , in partnership with PNB PRERNA -- an organization made up of experienced female leaders who hold senior positions bank "> bank and the spouses of higher-ranking officials bank "> bank authorities whose main objective is to endorse and encourage the bank "> bank CSR initiatives -- along with newly unveiled CSR partnerships.

The Bank partnered with Kalinga Institute of Social Sciences (KISS) foundation aimed at enhancing the well-being and literacy skills among disadvantaged Indigenous students. Bhubaneshwar and with Water for People India Trust to facilitate its project "Harvest for Resilience". PNB Also contributed infrastructure items to state-run schools in Delhi.

The event came to an end with lively cultural presentations by the participants. PNB The release included family-oriented music performed by well-known artists Meiyang Chang and Jahnvi Shrimankar. (ANI)

Provided by SyndiGate Media Inc. Syndigate.info ).

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