The Family Suraksha Bachat Khata (PNB) is a savings account with insurance, designed to support families with monthly income in case of the account holder's (breadwinner’s) unfortunate death.
Punjab National Bank(PNB) and PNB MetLife India Insurance Company Ltd. (PNB MetLife) have collaborated and have launched the Family Suraksha Bachat Khata. The account has flexible options for the one opening the account - from choosing the premium he/she wishes to pay to the return of premium policy.
Any individual that is a resident of India and wishes to opt for family protection is eligible for the Family Suraksha Bachat Khata savings account. The Family Suraksha Bachat Khata is a savings account cum insurance policy, and those willing to adhere to the norms of the policy and having valid documents are eligible.
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
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