PNB Bank

PNB Bank

The Punjab National Bank, India’s first Swadeshi bank, began operations on April 12, 1895, from Lahore, with Rs 2 lac authorised capital and a Rs 20,000 working capital.

In 1958, PNB Bank was designated as a scheduled commercial bank. PNB Bank grew into an all-India bank during the 1963–68 fiscal year by merging nine smaller banks. It was nationalized in the year 1980.

It currently has 1277 branches, 49 extension counters, and 551 ATMs spread across 28 states and 4 union territories.

PNB Bank Offerings

PNB Bank offers different types of facilities such as:-

• Deposit Account
  • Saving Account:- PNB Bank offers 11 different types of savings accounts to meet the financial needs of a wide range of customers, including students, small business owners, salaried workers, and seniors. One can manage money efficiently by switching from a regular savings account to a premium savings account.
  • Current Account: Current accounts, which primarily deal with liquid deposits, do not have a daily transaction limit and allow accessible funds withdrawal.
• InvestmIent
  • Fixed Deposit
  • Recurring Deposit
• Card
  • Credit Card
  • Debit Card
• Banking
  • Net Banking
  • Mini Statement
  • Balance Enquiry
  • Customer Care

PNB Bank Loans Offered

• Home Loan:- PNB Bank home loans include various flexible options and features that benefit borrowers. PNB Bank will provide efficient and effective services to help you realize your dream of buying a home without any hassles, with affordable interest rates and a quick disbursement process.
• Education Loan:- Punjab National Bank (PNB) provides various educational loans with attractive interest rates and repayment terms of up to 15 years. The repayment period, however, will vary depending on the loan. An education loan can be used for higher education (in India or abroad).
• Personal Loan:- Personal loans of up to Rs.10 lakh are available from Punjab National Bank under the ‘Personal Loan Scheme for Public’ scheme, with interest rates starting at just 8.95% p.a. The repayment period is up to 60 months, and the processing fee is only 1% of the loan amount. Under the ‘PNB Doctor’s Delight – Personal Loan Scheme to Doctor’ scheme, the bank also offers loans of up to Rs.15 lakh for a maximum tenure of up to 84 months.
• Loan against property:- Customers of PNB Bank can use four loans against property to meet personal or business objectives. 65% of the property value can be obtained by customers, with low interest rates and no-hassle during the application process.
• Car Loan:- Punjab National Bank is a top private-owned financial services company in India that provides car loans to its large customer base. The interest rate offered by Punjab National Bank varies according to market conditions. Customers can take advantage of the best car loan deals available based on the make and model of the vehicle.
• Gold Loan:- PNB Bank provides its customers with a gold loan with a flexible interest rate, minimal documentation, and secure storage. Customers can receive funds immediately and repay at their leisure.

PNB Bank Gold Loan

Customers in India can get a gold loan against gold ornaments, jewellery, and coins from Punjab National Bank. The gold loan can be used for productive purposes such as agricultural and allied activities, as well as non-productive purposes such as medical treatments, education, and other unplanned emergencies.

Features of Gold Loan

• Purpose:- PNB Bank gold loan provides customers with a convenient way to meet various personal needs such as weddings, education, and business expansion.
• It’s a loan with a security deposit.
• Good credit history is not required to obtain a gold loan.
• You can pay only the interest component, and the principle can be paid in a lump sum at the end of the loan term.
• For those of you in agriculture, gold loan schemes with interest rates as low as 8% are available.
• Because your gold is the collateral that is deposited with the lender, the paperwork is minimal. All you need is your personal identification and proof of address.
• Loans can be disbursed in as little as 5 minutes.
• Gold Loan Repayment Period:- The repayment period for a PNB Bank gold loan ranges from 12 to 30 months.
• Processing Fees:- On a PNB Bank gold loan, the borrower is not required to pay a processing fee.
• Prepayment Fees:- The PNB Bank gold loan has no prepayment fees.
• Up to 11.95% in interest is charged on PNB Bank gold loans.

PNB Bank Personal Loan

Punjab National Bank provides a variety of personal loans to salaried and self-employed individuals, as well as pensioners, who require financial assistance for a variety of personal and professional needs. PNB’s maximum loan amount is Rs. 15 lakh for a term of up to 84 months, with interest rates starting at 8.95 % p.a.

Features of Personal Loan

• Maximum Loan Amount Obtainable
• Various schemes are available in Punjab. National Bank provides a variety of personal loan programmes that are tailored to specific applicant segments.
  Punjab starts with a minimum loan amount of Rs. 25,000.
• A personal loan of up to Rs. 15 lakh is available from National Bank.
  Simple to use: Individuals can apply for a personal loan from Punjab National Bank either online or offline, depending on their preference.
• PNB personal loans can have repayment periods ranging from 12 months to 60 months.
• Less Documentation  
• Rapid Approval
• Lowest Interest Rates

PNB Bank Car Loan

PNB Bank provides Car Loans at reasonable interest rates to their customers to purchase their dream car, whether new or used. Can easily obtain a car loan if you have a good credit/CIBIL score.

Features of Car Loan

• Nominal documentation: It is available with minimal documentation. A lengthy list of documents is not required for a PNB Bank car loan.
• Complete transparency: There are no additional fees to consider. Additional charges will be mentioned at the time of applying for a car loan.
• Low down payment: PNB Bank car loans are available with 15% for new vehicles and 30% for used vehicles.

PNB Bank Home Loan

The interest rate on a home loan from Punjab National Bank (PNB) starts at 6.55 %. PNB housing loan offers a maximum loan amount of Rs. 1 crore. PNB provides a variety of housing loan programmes to assist individuals in meeting their various funding needs. In addition to benefits such as longer loan terms and faster approvals, the bank offers a 0.05 % interest rate reduction to female borrowers.

Features of Home Loan

• PNB Bank home loan can be used for a variety of purposes, including the purchase or construction of a flat or house and the renovation or improvement of a property.
• The takeover of Housing Loans from Other Banks: PNB Bank also permits the takeover of housing loans from other financial institutions and banks and provides loans to purchase a plot or site and the subsequent construction of a home.
• High Loan Quantity: Applicants are offered a high loan quantum according to their requirements.
• Terms of Repayment are Variable: A comfortable repayment period of up to 30 years is available.

PNB Bank Credit Card

Punjab National Bank provides its customers with 8 credit cards, each with its own set of features and benefits. Each credit card has unique benefits that meet the overall needs of the cardholder, and they can select a card based on the features that match the needs.

• The PNB Global Gold Credit Card is a credit card issued by PNB.
  This is an international credit card with a variety of purchase benefits and privileges. It can be used for shopping, travel, dining, and other purposes and is accepted at merchant outlets that accept VISA as well as domestic and international ATMs that accept VISA.
• PNB Global Classic Credit Card
  Customers who use this credit card can benefit from zero joining fee, annual fee, and renewal fee, as well as other benefits provided by Punjab National Bank such as interest-free credit period, etc.
• Protection PNB Bank protects its cardholders against fraudulent transactions that may occur if their credit cards are lost.
• The bank sends credit card transaction information to its cardholders via email once a week and on the date of billing. The bank does not charge any fees for delivering these bills.
• Customer Service is available 24 hours a day, 7 days a week.

For any questions regarding their credit cards, cardholders can contact the customer service centre.

PNB Bank Net Banking

PNB has launched its net banking system in response to the growing popularity of online banking. PNB net banking allows the bank to provide a variety of services to its customers. Customers can use PNB net banking to conduct financial transactions online and remotely monitor their bank accounts from anywhere in the city or country. PNB’s net banking also provides several other services, such as credit card and utility bill payment, as well as the ability to open a savings account without having to visit a bank branch. PNB also offers some services to its NRI clients.

PNB Bank Customer Care Number

Customers can reach to customer service if they have a balance inquiry, a lost or damaged card, a non-disbursement of cash from an ATM, or any other problem. The following phone numbers are listed below for your convenience:

Indian Landline:-

+1 (800) 180-2222

+1-800-103-2222

International Landline:-

0120-2490000

011-28044907

PNB Bank Customer Complaints

Customers can contact the bank via a toll-free number or through the mail if they have any questions or complaints. All Indian residents have access to the toll-free number and mail.

Mail Id:- care@pnb.co.in.

How to Open a Savings Account in PNB Bank

Step 1:- Visit PNB Bank Account Branch

Step 2:- Go to the saving account click on apply now

Step 3:- Filling up Account Opening Form (AOF) details, like name, address, contact number, email id, PAN, type of account to be opened, nominee’s name, etc.

Step 4:- Mandatory Documents for Account Opening Form (AOF). Verification of Documents by the Banker

Step 5:-Minimum deposit into your Savings Account in accordance with your Savings Account requirements.

Step 6:-Get your bank’s cheque book, passport, debit card, and any other necessary documents.

How to Open a Current Account in PNB Bank

Step 1:- Visit PNB Bank Account Branch

Step 2:- Filling up Account Opening Form (AOF) details, like name, address, contact number, email id, PAN, type of account to be opened, nominee’s name, etc.

Step 3:- Mandatory Documents for Account Opening Form (AOF)

Step 4:- Verification of Documents by the Banker.

Step 5:-Minimum deposit into your Current Account in accordance with your Current Account requirements.

Step 6:-Get your bank’s cheque book, passport, debit card, and any other necessary documents.

PNB Bank FAQs

✅ What happens if the minimum balance in PNB is not maintained?

If the balance falls below the required minimum maintaining balance, the account will be closed. Dormancy fees on dormant deposit accounts will be collected when they reach 0.100 per cent p.a.

✅ Is it possible to have two PNB accounts?

Yes, customers may have multiple accounts; if the customer-ids are the same, all accounts will be displayed automatically under the single Internet Banking user id.