New Delhi, 28 October 2026:
Punjab
National Bank (PNB), one of India’s leading public sector banks, has entered into Memorandum of
Understanding (MoU) for Salary Package Benefits with Bharat Heavy Electricals
Limited(BHEL). PNB will be offering a bouquet of services with enhanced
Insurance Coverage, Banking Benefits, Concessional offers in Retail Loans and
Other Benefits to all the serving employees of BHEL.
The MoU was signed by Shri M Sridhar, Director (HR) on behalf of BHEL and
Shri Rajendra Singh, General Manager
(BA&RM) on behalf of PNB. Also
present were, Ms. K G Vijayalakshmi, Executive Director (Receivable
Management), Ms. Suparna Sivakumar, Additional GM(Finance), Shri Sanjay Sah,
AGM(HR), Shri Sunil Kumar, Manager(HR) from BHEL & Ms. Shuchita Gupta,
Chief Manager (BA&RM Dept.), Shri Rohit Bahri, Senior Manager (BA&RM
Dept.) from PNB.
The
offering provides BHEL employees and their families with comprehensive
insurance protection and a host of enhanced banking privileges, including
dedicated education and marriage-related covers for children. Key benefits
include preferential locker rent, salary-linked overdraft facilities,
zero-balance family accounts, complimentary essential banking services, and
concessions on processing and documentation charges for home, education and
vehicle loans.
In
addition, employees can avail themselves of several value-added benefits,
including Hospi-cash benefits, family banking privileges and complimentary
credit cards.