Punjab National Bank Partners with HRTC to Provide Specialized Salary Saving Scheme
Punjab National Bank partners with Himachal Road Transport Corporation to provide exclusive banking and financial benefits to all HRTC employees.
SHIMLA — December 18, 2025 — Punjab National Bank (PNB), India’s leading public sector bank, has officially entered into a Memorandum of Understanding (MoU) with the Himachal Road Transport Corporation (HRTC). This partnership is designed to extend PNB’s premium Salary Saving Scheme to the entire workforce of HRTC, including both regular and contractual employees.
The agreement was finalized in a high-profile ceremony attended by the Honorable Deputy Chief Minister of Himachal Pradesh, Shri Mukesh Agnihotri, alongside senior state and banking officials.
Key Highlights of the PNB-HRTC Partnership
The collaboration bridges the gap between traditional banking and the specific needs of the public transport workforce. By migrating to PNB’s Salary Saving Scheme, HRTC employees will gain access to a tailored suite of financial products.
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Inclusive Coverage: The scheme uniquely covers both regular and contractual staff, ensuring financial inclusivity for the corporation's diverse employee base.
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Financial Security: The package includes comprehensive insurance coverages and overdraft facilities to provide a safety net for employees.
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Modern Banking Tools: Employees will benefit from advanced digital banking platforms, simplified loan processing, and zero-balance account maintenance.
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Lifestyle Benefits: The scheme offers a variety of value-added services, including discounts on lifestyle products and specialized debit card privileges.
Leadership Presence
The MoU signing underscored the strong synergy between the Himachal Pradesh state government and PNB. Key attendees included:
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Sh. Mukesh Agnihotri, Hon’ble Deputy Chief Minister, HP.
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Sh. R. D. Nazim, IAS, Additional Chief Secretary (Transport).
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Dr. Nipun Jindal, IAS, Managing Director, HRTC.
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Sh. Rajesh Kumar, Zonal Manager, PNB Shimla.
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Smt. Shikha Aneja, Circle Head, PNB Shimla.
Impact on Financial Stability
For HRTC employees, this move represents a significant upgrade in how they manage their earnings. Beyond simple salary credits, the integration of PNB's modern banking facilities is expected to drive better financial planning and provide greater convenience for the thousands of staff members responsible for the state's transport network.