Punjab & Sind Bank Digital Initiatives

Why in News

Punjab & Sind Bank launched new digital initiatives on its 119th Foundation Day.

Major Initiatives

Navjyoti Mobile App

An in-house HR application designed to:

• Streamline employee services
• Improve internal communication
• Increase workforce efficiency

PSB Bharat Connect Account

A specialised savings account for:

• Central Government employees
• State Government employees

Larger Objectives

• Digital transformation
• Customer convenience
• Employee efficiency
• Financial inclusion

UPSC Theme

Banking digitisation supports:

Financial Inclusion + Efficiency + Accessibility + Lower Transaction Costs

GS Link

GS III: Banking & Financial Inclusion