Direct tax/Income tax
Lovely professional univ
Baba balak nath temple
MJS medical relief society
Bank has launched EMV chip based debit card
We are privileged to introduce to you our new product, a Prepaid PNB World Travel Card
Corporate clients even who is not listed in any of the stock exchanges
Give a missed call from registered Mobile Number to following numbers and get the Account Balance through SMS:
PNB: Toll free number 1800 180 2223 and tolled number 0120-2303090
e-UNI: 9015431345 and 8010968350
Yes, for other rural household requirements such as education, consumable items, medical expenses, etc. up to 25% of the limit or Rs.25,000/- whichever is lower
Yes, but within the same district whereas the illiterate cardholders will avail the facility from the issuing branch only
Yes, if you withdraw cash from the branch other than the issuing branch a commission @2% is charged and the same is deducted from the cash withdrawn.
You should approach the issuing branch one month before the expiry of the card with a written request for the same.
For limits up to Rs. 2,00,000/-, the margin requirements are nil. For limits above Rs.200,000/- up to Rs. 3,00,000/-, margin requirement is 10%.
Inform the card issuing branch by quickest means and a new card is re-issued on payment of nominal charges of Rs.200/-.
The limit is worked out on the basis of your total income from farm as well as non-farm activities, extent of land holding, acreage and average yield of crops grown, price realisations etc
Aggregate credits into the account during the 12/18 months period as the case may be, should at least be equal to the maximum outstanding in the account. The cardholder will also have to maintain his/her cash credit account in credit balance for at least one week once a year. However, the consumption loan portion shall be adjusted within a period of three years. All the repayments/deposits by the cardholder shall be made at the card-issuing branch only
Account can be opened by individuals, sole proprietorship concerns, partnership firms, associations, trusts, limited companies etc. Minors are not eligible.
Account can be opened with a minimum deposit of Rs.10,000/- for any period from 6 months to 120 months.
Yes, Overdraft against the deposit is available instantly and automatically. A chequebook is issued at the time of accepting the deposit.
Interest on deposit is paid on quarterly compounding basis at term deposit rates.
NEFT stands for `National Electronic Funds Transfer`. NEFT system is a nation wide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch.
The fund transfer takes place within the same day if it within the cut-off time and the next working day if it is beyond the cut-off time prescribed. It is a batch settlement mode.
No. As on September 2010, little over 70,000 branches / offices of 99 banks in the country (out of around 80,000 bank branches) are NEFT enabled. List of Punjab National Bank Branches, which are offering this service can be found on our website at www.pnbindiin
Individuals, firms or corporates maintaining accounts with a bank branch can transfer funds using NEFT. Even such individuals, firms or corporates who do not have a bank account (walk-in customers) can also deposit cash at the NEFT enabled branch with instructions to transfer funds using NEFT. Such customers have to furnish full details including complete address, telephone number, etc. NEFT, thus, facilitates originators or remitters to initiate funds transfer transactions even without the need for having a bank account.
Individuals, firms or corporates maintaining accounts with a bank branch can receive funds through the NEFT system. It is, therefore, necessary for the beneficiary to have an account with the NEFT enabled destination bank branch in the country.
Minimum – No limit
Maximum – Rs. 500.00 lacs
Presently, NEFT operates in hourly batches - there are twelve settlements from 8 am to 7 pm on week days and six settlements from 8 am to 1 pm on Saturdays.
NEFT-Online for Retail Internet Banking Customers – Below Rs.2 lac as Maximum amount limit per transaction within the overall per day funds transfer limit of Rs.15 lac.
NEFT-Online & BULK-NEFT for Corporate Internet Banking Customers – no maximum amount limit per transaction but within the authorized / defined limits of the corporate internet banking user.
Step-1: The remitter fills in the NEFT Application from giving the particulars of the beneficiary (like, name of the beneficiary, name of the bank branch where the beneficiary has an account, IFSC of the beneficiary bank branch, account type and account number) and authorizes the branch to remit the specified amount to the beneficiary by raising a debit to the remitter`s account. Customers enjoying net banking facility offered by our bank can initiate the funds transfer request online. Walk-in customers will, however, have to give their contact details (complete address and telephone number, etc.) to the branch. This will help the branch to refund the money to the customer in case credit could not be afforded to the beneficiary`s bank account or the transaction is rejected / returned for any reason. NEFT has a provision to send SMS/E-mail regarding confirmation of credit of beneficiary`s account.
Step-2: The remitting branch prepares a Structure Financial Messaging Solution (SFMS) message and sends it to its Service Centre for NEFT.
Step-3: The Service centre forwards the same to the local RBI (National Clearing Cell, Mumbai) to be included for the next available settlement.
Step-4: The RBI at the clearing Centre sorts the transactions bank-wise and prepares accounting entries of net debit or credit for passing on to the banks participating in the system. Thereafter, bank-wise remittance messages are forwarded to banks through their service centre for NEFT.
Step-5: The receiving banks process the inward remittance messages received from RBI and effect the credit to the beneficiary accounts.
IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is a 11 digit code with the first 4 alpha characters representing the bank code, 5th character is 0 (zero) and the last 6 numeric characters representing the branch code.
RBI had since advised all the banks to print IFSC on cheques leaves issued to their customers. IFSC code of Punjab National Bank branches can be found on our website. IFSCs is available on the website of Reserve Bank of India at http://www.rbi.org.in/scripts/neft.aspx
The beneficiary can expect to get credit for the first ten batches on week days (i.e., transactions from 8 am to 5 pm) and the first five batches on Saturdays (i.e., transactions from 8 am to 12 noon) on the same day. For transactions settled in the last two batches on week days (i.e., transactions settled in the 6 and 7 pm batches) and the last batch on Saturdays (i.e., transactions handled in the 1 pm batch) beneficiaries can expect to get credit either on the same day or on the next working day morning.
In case of non-credit or delay in credit to the beneficiary account, the NEFT Customer Facilitation Centre (CFC) of the bank and Help Desk of the bank can be contacted .Details of NEFT Customer Facilitation Centres of our bank is available on the websites of our banks and detail of help desk are as under:
The user can contact the nearest Branch and/or approach NEFT Help Desk as under:-
Punjab National Bank
RTGS – NEFT Cell
First Floor, PNB House
Sir P M Road, Fort
Mumbai - 400 001
If the issue is not resolved satisfactorily, the NEFT Help Desk (or Customer Facilitation Centre of Reserve Bank of India) at National Clearing Cell, Reserve Bank of India, Mumbai may be contacted through e-mail at email@example.com or by addressing correspondence to the General Manager, Reserve Bank of India, National Clearing Centre, First Floor, Free Press House, Nariman Point, Mumbai – 400 021.
Yes. NEFT can be used to transfer funds from or to NRE and NRO accounts in the country. This, however, is subject to the adherence of the provisions of the Foreign Exchange Management Act, 2000 (FEMA).
No. The NEFT system can be used only for remitting Indian Rupees between the participating bank branches within the country.
No. However, a facility is available to send outward remittances to Nepal under the Indo-Nepal Remittance Facility Scheme.
No. NEFT is a credit-push system i.e., transactions can be originated only to transfer funds to a beneficiary.
Yes. In case of successful credit to the beneficiary`s account, the bank which had originated the transaction is expected to send a confirmation to the originating customer (through SMS or e-mail) advising of the credit as also mentioning the date and time of credit. For the purpose, remitters need to provide their mobile number / e-mail-id to the branch at the time of originating the transaction.
Yes, the remitting customer gets back the money if it is not credited to the beneficiary account
Yes, the remitter can track the NEFT transaction through the originating bank branch. It is possible for the originating bank branch to keep track and be aware of the status of the NEFT transaction at all times.
Following are the pre-requisites for putting through a funds transfer transaction using NEFT:
A Debit Card provides access to ATMs for cash withdrawals, balance enquiries and mini statement, on-line electronic payment for purchases from your savings / current (individual) accounts. You can also transfer funds through ATM to your own / other PNB accounts and also transfer / receive funds to / from any MasterCard or Maestro card holder (Debit or Credit card) of other selected banks.
At present bank is issuing chip and PIN based following Debit cards:
PIN is a unique 4 digit number that allows you to access your account through Debit Card at ATMs.
For safety, your PIN should always be kept completely confidential and your card too should remain in your possession and not to be handed over to anyone else. Neither write PIN on the Back of the Debit card nor Keep Debit Card along with PIN.
For information regarding generation of Green PIN , click here
Debit card can be obtained from any CBS branch of PNB (irrespective of your account maintaining branch) by filling a Debit Card application form. In case of Non-Personalized card (without name) the card would be issued instantly. In case of Personalized card (with name) the card would be issued in 7-8 working days. You can also get a Debit Card through PNB 24 Hour Call Centre by making a call at 1800 180 2222 (Toll free) in which case the deactivated card would be delivered at your address directly within 7-10 working days. However you can send the duly filled application from along with proof of identity to HO for activation of the card.
You should contact the Branch / call centre to enquire about the status of your request. In case you do not get a satisfactory reply, please contact Debit Card Cell at 011 – 28044642 or through email at firstname.lastname@example.org
You should contact the card issuing branch and request for a duplicate PIN. You can collect the Duplicate PIN from the branch after 7 working days.
Insert your Debit card in ATM and follow the instructions displayed on the screen. On POS you need to swipe the card and sign the Bill after verifying the amount.
Debit Card is valid for 7 years
Classic Debit card has maximum daily cash withdrawal limit at ATM- Rs. 25,000
POS/ECOM daily maximum limit- Rs. 60,000
Platinum/Woman Power Saver Debit card has maximum daily cash withdrawal limit at ATM- Rs. 50,000
POS/ECOM daily maximum limit- Rs. 1,25,000
Master International Debit card has maximum daily cash withdrawal limit at ATM- Rs. 50,000
Master Business Debit card has maximum daily cash withdrawal limit at ATM- Rs. 1,00,000
POS/ECOM daily maximum limit- Rs. 3,00,000
You should immediately contact our below given no. of call centre to get the card hotlisted / blocked.
1800 180 2222/18001032222 (Toll Free, 0120-2490000 (Paid Number)-
Through SMS from registered mobile number to 5607040, Syntax is HOT , Through IBS (POST LOGIN).
PNB Debit Card is issued free of cost. However a nominal fee of Rs. 100 per Year will be levied after one year of Card issuance every year
No charge is levied for use of the card for cash withdrawal at PNB ATMs while Rs. 20/- is levied at other bank sharing ATMs under MITR, NFS, SBI Group, EBL and the ATMs with Maestro/Cirrus Logo upto 31st March 2009 after which it will be free of charge. Balance Enquiry is free at all banks` ATMs.
Yes. Rs. 100/- for lost card while free of charge for replacement of damaged card.
card once hot listed / blocked cannot be re-activated. You can make a request for a fresh card.
It is a statement of account showing last 10 transactions made in the account through PNB ATM.
If at any time you feel that the PIN has been inadvertently or otherwise divulged to any one you should change the same through any PNB ATM immediately.
PIN can be changed any number of times.
Maximum of 3 accounts held in the same name and same capacity can be linked to a Debit card
No. The responsibility is solely vested with the cardholder.
On the back of Debit card (Classic & Gold) there are 7 digits out of which the last 3 digits are the card CVV no. This no. can be used only for ecommerce transaction.
Please note that this CVV no is an important value in the card as any person can misuse the card over the internet if he is aware of this value besides other information (like card no., name and Expiry date) without having actual possession of the card. You should remember the CVV number mentioned on the reverse of the Debit card and hide this number by blackening it out to avoid its misuse.
Any card holder can get 2 more Debit cards in the name of his / her spouse and dependent parents and children not below 18 years old. Debit card will be linked to the cardholder`s main account.
Debit Card does not work successfully on ATMs due to any of the following reasons;
The problem may be due to connectivity failure at other bank ATM to PNB. Please try after some time when connectivity is restored. Alternately you may try another ATM nearby.
Debit card does not work successfully on POS terminals due to any of the following reasons;
The quality of the magnetic stripe of your card has been damaged / deteriorated due to which it is not accepted by few ATMs where the card reader may also be weak. Try at some other nearby ATM. In such case you may get the card replaced by a new one from PNB branch free of cost and lodge a complaint in the branch for replacement of card reader of ATM
There are many offers available on using debit card for online payments. Click here for more details
Insurance claim is available on both premium and non-premium debit card users. For details go to - https://www.pnbindiin/ATM-Debit-Card.html --> Insurance Claim
An Automated Teller Machine (ATM) is an electronic machine that provides the banking customers the facility to do basic banking transactions like cash withdrawal, balance enquiry, generation of mini statement of account and many other financial and non-financial transactions without the need of actually visiting a bank branch.
PNB ATM can be located
Other financial / non-financial functions
PNB has installed “Bulk Cash Acceptor cum ATM machines” at selected locations which accepts deposit of cash also.
Presently, PNB is issuing following types of cards which can be used at ATMs
PNB has also started issuing Contactless Cards and Image Cards
All variants of PNB Debit Cards/PNB credit cards and PNB prepaid cards (except Gift Cards) can be used at PNB ATMs for various transactions. All other Bank’s cards (Domestic of Foreign) which are affiliated to MasterCard, maestro and Citrus as well as Visa Cards of Banks which are members of the National Financial Switch of NPCI can also be used for doing transactions on PNB ATMs.
For transacting at PNB ATM, the customer has to insert (swipe) his/her card in the ATM. Further, the operations are menu driven. Customer is required to enter information as desired in the subsequent screens till the request of the customer is finally responded. It is advised to ensure that no one else is in the ATM room when one customer is transacting at the ATM. Customers are advised to maintain secrecy of card number and PIN thereof.
Yes. The cards issued by PNB can be used at ATM of all other Banks within India which are members of National Financial Switch (NFS) of NPCI. (Presently all scheduled commercial banks of India are members of NFS). Cards specifically defined for international usage like PNB International Card and PNB World Travel card can also be used at the overseas locations also.
As per RBI existing guidelines, up to 5 transactions (financial & non financial) including up to a maximum of 3 transactions at Metro locations, are free for the savings account holders, when transacting at ATMs of other Banks. Transactions done beyond these free transactions limit are chargeable. This facility of free transactions is not available for other types of accounts (i.e. other than Savings Account accounts) for transactions done at ATMs of other Banks. At present, charges per transaction at ATMs of other Bank is Rs. 20/-.
PNB cardholders transacting at PNB ATMs are charged @ Rs. 10/- + GST per transaction beyond 5 free transactions (including both financial as well as non financial transaction).
Yes, PNB cardholder can withdraw up to a maximum of Rs. 15000/- from PNB ATMs at a time and up to a maximum Rs. 25000/- for Classic Card and Rs. 50000/- for Platinum & International Card respectively during a day. For cash withdrawals at other bank ATMs, up to maximum of Rs 10,000/- can be withdrawn in a single transaction within the overall limit of the card.
PIN is a 4 digit numeric password required to authenticate transactions executed at the ATM. In a new and environment friendly initiative called “Green PIN”, Bank does not now issue printed PINs, but the cardholder can generate own PIN at the PNB ATM / Internet Banking portal after keying in the OTP that is received on the registered mobile number. The PIN number should not be written on the card. Secrecy of card number and PIN should be maintained to avoid misuse of the card. Customer should not disclose PIN to anybody, including Bank officials. Customers should change the PIN at regular intervals.
As explained above, PNB has introduced Green PIN facility for issuance of PIN including duplicate PIN. If customer forgets PIN, he/she can send SMS in the format DCPINCard Number to 5607040 from registered mobile number for the account. Customer will receive OTP, which can be used to reset PIN at any PNB ATM / PNB Internet Banking Portal.
PIN can be reset through PNB Net Banking also.
PNB has developed a mobile app “PNB ATM Assist” for the Android mobile users which can be downloaded free from the Google App “Play Store” using which customers can search PNB ATM locations and can also lodge any PNB ATM related complaints through it. ATM Assist Mobile App can be used for following activities:
I. Search of ATM – It has following two types of search options
II. Report ATM Complaints – Under this menu following 8 faults/complaint reasons are listed,
Customer can chose relevant option and get the complaint lodged.
When the card is lost / stolen, it has to be blocked immediately. The customer can get the card blocked in any of the following ways:
The customer should immediately call Bank’s toll free numbers (1800 180 2222, 1800 103 2222) and lodge complaint. Docket number obtained against the complaint lodged should be kept for future communication with the Bank in this regard. The customer may also approach card issuing branch at the earliest to lodge complaint.. This process is applicable even if the transaction was carried out at another Bank’s ATM. For Cash less/more/not dispensed at PNB ATM, complaint can also be reported through PNB ATM Assist Mobile App (details at Q 14 above).
When the transaction does not get completed due to connectivity/network issue, the account is credited immediately by PNB. This is being done by the Bank proactively, without waiting for any formal complaint by the customer. Sometimes, when customer receives no cash at PNB ATM due to some technical fault, the amount is credited within 3-4 working days after the error is established during reconciliation of the ATM.
As per the RBI instructions, Banks have been mandated to resolve customer complaints by crediting the customer’s account within 7 working days from the date of complaint.
Yes. As per the RBI guidelines effective from July 1, 2011, banks have to pay compensation of Rs. 100/- per day for delays in crediting the amount beyond 7 working days from the date of receipt of complaint for the failed ATM transactions. The compensation has to be credited to the account of the customer without any claim being made by the customer. If the complaint is not lodged within 30 days of transaction, the customer is not entitled for any compensation for delay in resolving his / her complaint.
The customer can take recourse to the Banking Ombudsman, if the grievance is not redressed by the his/her card issuing bank.
Customer should destroy the card upon card expiry or closure of account, cut it into four pieces through the magnetic strip/chip before disposing it off.
Customers should observe following Do’s and Don’ts to keep their transaction safe and secure at ATM:
Please note that our bank officials will never ask for card details or PIN over telepho ne / email. So, do not respond to any calls/phishing mails from people indicating that they represent our Bank.
All types of pensioners drawing pension through our branches are eligible to get Personal Loan to Pensioners.
The Purpose to get Pensioners Loan is to meet personal needs including medical expenses.
Minimum and maximum loan amount is Rs. 25000/- and Rs. 10.00 lac respectively.
However, for Pensioners who are upto the age of 70 years: Max. 18 times of net monthly Pension (NMP) (20 times in case of Defence Pensioners) OR Rs. 3.00 lacs, whichever is lower.
For Pensioners who are above 70 years and upto the age of 75 years: Max. 18 times of NMP (20 times in case of Defence Pensioners) OR Rs. 7.50 lacs, whichever is lower.
For Pensioners who are above 75 years of age: Max. 12 times of NMP or Rs. 5.00 lacs/- whichever is lower.
Nil. One can avail full amount of loan from our Bank.
It is linked with MCLR and subject to change from time to time. Presently, i.e., MCLR+2.60%, with type of facility, i.e., Demand Loan, Term Loan or Over draft.
Loan along with interest is to be repaid in maximum 60 equal monthly installments. However, In respect of pensioners above the age of 75 years, repayment period shall be of maximum 24 months.
No upfront fee required. However, Rs. Rs. 500+ GST as documentation charges.
The loan can be availed more than once only after adjustment of earlier loan
A person who is availing or intends to avail housing loan facility for the purpose of purchase/ construction/ repair/ renovation is eligible to avail OD limit under the scheme. Take over cases are also eligible under the scheme.
No, the Overdraft Facility for personal use is not sanctioned to the borrowers, who have availed / is availing loan for purchase of plot, construction on which is yet to be completed.
In such a case the person is not eligible for the OD facility.
Minimum limit is Rs.50000/- and maximum limit is Rs.25.00 lac. 80% of current realizable value of housing property if the loan amount* (existing exposure of Housing loan + proposed OD limit) is upto Rs.75 lac. OR 75% of current realizable value of housing property if the loan amount* (existing exposure of Housing loan + proposed OD limit) is above Rs.75 lac.
The OD limit is for personal use without subject to any end use verification and it is not mandatory to use the same for Housing purpose.
NIL. Only extension of charge/Creation of charge on the existing Mortgaged Immovable Property/IP to be Mortgaged shall be done. However, extent of OD Limit/loan shall, however, is subject to current realizable value of the housing property, such that 25% margin is always maintained (i.e. LTV ratio of 75%), viz. the overdraft limit proposed to be sanctioned and the current outstanding in the Housing Loan a/c /Housing loan amount sanctioned shall be restricted to an amount so that 25% margin is always maintained, subject to the maximum ceiling as prescribed above and repaying capacity.
Overdraft facility is allowed on the basis of repaying capacity which should be such that take home salary should not be less than 40% of net salary after servicing of interest, in case of salaried borrowers plus all the EMIs including the EMI on Housing Loan. In case of other than salaried borrowers, income should be sufficient to service the interest component plus all the EMIs including the EMI on Housing Loan.
Income of co-borrowers/joint-borrowers/likely rental income/rental income taken into account while ascertaining the repaying capacity at the time of sanctioning of Housing Loan is also considered to ensure that borrower has the capacity to service the interest component on the overdraft facility.
ROI under the scheme is Presently, MCLR+0.60%.
Borrowers to ensure monthly servicing of interest component on the overdraft facility sanctioned. In case the interest is not serviced consecutively for two months, Bank may consider recalling the loan.
Your loan can get it sanctioned in 3 to 7 working days after completion of all the desired formalities by you.
Yes, the overdraft facility is allowed to continue /renewed even after adjustment of Housing Loan a/c in full.
Processing Fee is NIL . However, Documentation Charges of - Rs.450/- (Excluding of S.T.) are required to be paid
All other out of pocket charges viz. CIBIL, Advocate fee, Valuation charges, Central Registry etc., if applicable.
If a person is applying for a fresh loan, documents required for applying for Housing loan are sufficient to cover the OD facility also. However, in case of existing housing loan accounts, a simple request letter for sanction of the Overdraft limit and acceptance of offer letter containing terms and conditions is sufficient.
* conditions apply
You can get Personal Loan to meet all types of your personal needs.
To avail Personal Loan from us, following is the eligibility criteria
a) All permanent Military/ Para Military Personnel including officials of Military Station Headquarters, BSF, CRPF, CISF, ITBP
b) Confirmed/ permanent employees of Central/ State Govt/ PSUs and all reputed companies/ Institutions, who are drawing their salary through accounts maintained with our branches or these employees agree for `check-off facility` from their employer.
c) Professionally qualified Doctors viz. MBBS, BDS & above having annual income of Rs.4.00 lac & above
For All borrowers:
Rs. 4,00,000 or 20 times monthly net salary whichever is lower subject to minimum Net monthly salary as under:
Metro Centres : Rs.15000/-
Urban Centres : Rs.12500/-
Semi- Urban/ Rural Centres : Rs.10000/-
And Rs. 5,00,000/- or 20 times monthly net salary whichever is lower for those Salaried persons having completed service of 3 years in the present organization & drawing net monthly salary of not less than Rs.30,000/- p.m.
For employees drawing salary through our bank and completed 3 years of service in the present organization: Max. Rs.10 lac or 20 times of Net monthly salary for loan upto Rs.5 lac and 15 times of Net monthly salary for loan above Rs.5 lac and upto Rs.10 lac.
Subject to Minimum Net monthly salary as under:
Metro Centres : Rs.50000/-
Urban Centres : Rs.40000/-
Semi- Urban/ Rural Centres : Rs.30000/-
You have the option to avail the Personal Loan in the shape of Overdraft or Term Loan.
Personal loan limit would be determined by income and repayment capacity. Minimum amount of loan is Rs.50,000/- and maximum Rs.4,00,000/- OR 20 times monthly net salary, whichever is lower. Loan amount of Rs.5,00,000/- can be considered in case of salaried persons who have completed service of three years in the present organization and drawing net monthly salary of not less than Rs.30,000/- Max. Rs.10 lac or 20 times of Net monthly salary for loan upto Rs.5 lac and 15 times of Net monthly salary for loan above Rs.5 lac and upto Rs.10 lac.
You will need to furnish only the following documents:-
- Loan application Form, duly completed, with Passport size photograph
- Identify Proof with Unique Identification Number in case of Military/ Para Military Personnel
- Educational Qualification Proof
- Age Proof
- Proof of official address and residential address
- Income Proof
- Salaried: Latest Salary Slip and Form 16, duly authenticated by the employer
- Non – Salaried : IT returns for the last three financial years
- Any other document, which may be necessary as per the requirement of the case.
No collateral is required. However, you have to provide suitable guarantee acceptable to the Bank.
EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components.
The loan is repayable in maximum 60 Equated Monthly Instalments (EMIs) OR remaining period of service, whichever is earlier. However, loan allowed to Army Jawans, other permanent employees of Military Station Headquarters and Para-Military Personall, is repayable in maximum 36 EMIs or remaining period of stay at the particular posting, whichever is lower.
Yes, you can prepay the loan partly or fully from your own identifiable sources, at any stage, without any prepayment penalty.
Processing charges are 1.80 per cent (exclusive of GST) of the loan amount, to be paid upfront.
There is total transparency with regard to the rate of interest and the fees charged by us.
We offer personal loans at the competitive rate of interest, with no tangible security;
We offer loans for tenor of 60 months, with the flexibility provided to reduce the tenor by prepaying the loan without any penalty
We provide finance for any personal need or requirement. The total amount of loan is determined on the basis of repaying capacity.
`Reverse mortgage` is a special type of loan that can be used by the senior citizens to convert the equity in their homes into cash. The money from reverse mortgage can provide seniors with the financial security they need to meet their different requirements and lead a decent life after retirement.
No, there is no income requirement to qualify for loan. The qualifying amount of loan depends on the realizable value self-acquired & self-occupied residential property, after maintaining margin of 20% with a ceiling of Rs 100 lac.
The loan is extended as regular fixed monthly annuity up to a max period of 20 years OR till the death of the last surviving spouse, whichever is earlier.
Yes, Lump-sum payment of loan under the Scheme can be permitted only for medical treatment of senior citizen borrower, his/her spouse and dependents, if any, subject to ceiling of Rs.15 lacs.
MCLR+2.60% p. (fixed) subject to re-set clause of five years.
The loan becomes due and payable six months (moratorium period) after death of last surviving spouse.
Yes, the borrower has the flexibility to prepay the principal amount together with accumulated interest/other charges, if any, at any point of time and repossess the property.
Further, the borrower has "Right of Rescission", as per which the customer/borrower gets 10 days` time to decide whether to avail the loan facility or cancel the transaction, after sanction of the loan, and get refund of the processing/upfront fee, already paid by him/her, from the Bank, in case he/she opts to cancel the transaction.
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