Kapurthala, Jan 16: Punjab & Sind Bank, a leading public sector bank has announced the launch of the “PSB Rail Coach SB Salary Account” designed exclusively for the permanent employees of the Rail Coach Factory, Kapurthala. This specialised salary account offers an array of financial and insurance benefits aimed at supporting the unique requirements of employees engaged in India’s rail coach manufacturing sector.

The PSB Rail Coach SB Salary Account provides comprehensive protection, convenience, and value-added benefits, ensuring financial security for employees and their families. The account offers Personal Accident Cover/Permanent Total Disability Cover of up to ₹100 lakh and Group Term Life Insurance Cover of ₹11 lakh, providing extensive risk coverage in case of any unforeseen events.

Additionally, the account includes a Free Child Education Benefit under Personal Accident Cover of up to INR 24 lakh, helping secure the educational future of dependents. Customers can also avail an overdraft facility of up to two months of net salary, offering immediate liquidity during financial emergencies.

To further enhance value, the PSB Rail Coach SB Salary Account provides a waiver on locker rent charges of up to 100%, making safe custody of valuables more economical for account holders.

With the introduction of this product, Punjab & Sind Bank reiterates its commitment to designing customised banking solutions for diverse workforce segments across the country, promoting financial inclusion and security for employees serving in critical national infrastructure sectors.