PNB and Indian army sign agreement on defence salary package
Q. On 9th June’15, with which bank Indian Army has signed a Memorandum of Understanding on the Defence Salary Package?- Published on 19 Jun 15a. SBI
b. ICICI Bank
c. HDFC Bank
d. PNB
ANSWER: PNB
The first MoU between PNB and the Indian Army was signed in 2011 and was valid for a period of three years. The MoU is tailor made to suit the requirements of serving soldiers, pensioners and families. The number of additional facilities have been incorporated in the revised MoU after due consultation between Bank & Army authorities. Speaking on the occasion Lt Gen Sharma expressed confidence that the MoU will benefit a large number of serving and retired Army personnel who are having their accounts with PNB; and also provide them an opportunity to access modern banking facilities.
