INSTA Debit Card EMI (DCEMI) has become a convenient and affordable solution for individuals who do not have a credit card and want to avail an instant EMI option. Debit card EMI is an instant digital Micro Personal Loan product for existing Bank Customers, can be availed at physical retail stores. Customer has flexibility not only to conveniently convert transactions to Easy EMI at Point of Sale (POS) but also to choose the preferred short repayment schedule from 3 months to 24 months as per his own convenience.

DCEMI through POS

EMI facility to pre-approved customers for purchasing consumer durables, merchandise, etc. at POS with whom Bank has tie-up arrangement through use of PNB Debit Card


To check one`s eligibility, the customer has to send message in below mentioned format to 9264092640 through their mobile number registered with the Bank.

DCEMI < space > Last 4 digits of debit card



Loan amount minimum Rs.5,000/- and maximum Rs.1,00,000/-


Flexible tenure options: 3/6/9/12/18/24 months, with affordable interest rate.


No blocking of saving account balance.


Zero processing Fee, Zero documentation & instant disbursal


Pay Re. 1 & rest in EMIs.


Easy to use, pay using your debit card in EMIs in just one swipe.


DCEMI through POS

  • Customer swipes PNB debit card on POS Machine with whom Bank has tie up arrangement at merchant store
  • Select – BANK EMI
  • Enters – Amount – repayment tenure
  • POS machine check if customer is eligible
  • If eligible, customer enters PIN and Presses OK
  • Loan Amount is booked and success message is received by POS
  • Charge Slip containing Terms & Conditions of Loan is printed.


Scheme Code


Spread over RLLR + BSP

Effective Interest Rate

Insta Debit Card EMI (POS EMI)





Punjab National Bank has agreed to sanction the Loan to you at your request and on the basis of and subject to the terms and conditions set out below:

  • The minimum Transaction amount necessary for availing the EMI Facility is Rs. 5000.
  • The interest will be charged at RLLR + BSP+8.00 % (presently 17.25% for all tenures however subject to change as per bank/RBI guideline).
  • The Loan amount is repayable in 3/6/9/12/18/24 equated monthly instalments (EMI) as opted by Customer.
  • Penal interest @ 2% above applicable rate will be charged on overdue amount.
  • A nominal processing fee of Re 1 will be charged and will be collected upfront through your Debit card by the merchant.
  • Cancellation of any successful EMI transaction may be allowed only if merchant agrees (in which customer returns the product subject to satisfaction of the merchant.) to the same and must be made well before end of day or merchant settlement whichever is earlier.
  • A Standing Instruction equivalent to the monthly instalment amount will be set up on your SB account automatically upon availing this facility.
  • The liability to the bank will be extinguished only when the loan amount with interest including the penal interest, if any, is paid in full.
  • The loan amount is equivalent to the transaction amount and the loan account is created based on acceptance of Terms & Conditions mentioned herein.
  • The loan cannot be used for any other purposes other than purchase of products at online & offline stores/shops of our approved merchants’/ partners
  • Penal charge as applicable will be charged on failed standing instructions due to insufficient balance in the account
  • PNB is not liable for any technical errors that occurs while processing EMI at POS terminal.
  • PNB is not responsible for any issues related to purchased goods such as quality, delivery, etc. and should be taken up with the merchant only.
  • PNB is not responsible for any cash back promised by the merchant/OEM (Original Equipment Manufacturer). However, PNB agrees to pass on the cash back amount if any received from the merchant/OEM promptly to the customer.
  • All The decisions made by PNB, regarding eligibility and sanctioning of EMI facility to the customer are final and guided by the Bank’s internal guidelines.
  • Punjab National Bank has agreed to sanction the Loan to you at your request and on the basis of and subject to the terms and conditions set out below.
  • The borrower hereto agrees to the exclusive jurisdiction of the competent courts in Delhi, for the determination of any dispute arising out of or under this loan. This loan is governed by Indian law.
  • On failure of EMI payment dues, bank can take legal action as per payment and settlement act, other applicable laws or collect the due amount by marking lien on your saving account to recover the outstanding due amount.
  • The cancellation of the transaction for any reason whatsoever (including but not limited to return of goods/defective items etc.) for the purchase of the Product for which Loan has been utilized, by the merchant concerned at the instance of the borrower or otherwise, shall lead to cancellation of the entire DCEMI Loan and all amounts due from the Borrower in respect of the entire DCEMI Loan amount including interest calculated at the contractual rate till the closure of the DCEMI Loan shall forthwith become due and payable to the bank. The amounts already paid towards interest on the DCEMI Loan shall not be reversed or repaid by the bank to the borrower. The interest amount due shall be recovered from the operative account of the borrower.

  • PNB mobile app