Punjab National Bank (PNB) was registered on May 19, 1894 under the Indian Companies Act with its office in Anarkali Bazaar Lahore. The Bank is the second largest government-owned commercial bank in India with about 4,904 branches across 764 cities. It serves over 37 million customers. The bank has been ranked 248th biggest bank in the world by Bankers Almanac, London. The bank's total assets for financial year 2007 were about US$60 billion. PNB has a banking subsidiary in the UK, as well as branches in Hong Kong, Dubai and Kabul, and representative offices in Almaty, Dubai, Oslo, and Shanghai.
VISION STATEMENT
"To be a Leading Global Bank with Pan India footprints and become a household brand in theIndo-Gangetic Plains providing entire range of financial products and services under one roof"
MISSION STATEMENT
"Banking for the unbanked"
AWARDS AND ACHIESVEMENTS OF PUNJAB NATIONAL BANK IN RECENT TIMES
1. National Award for Excellence in Lending for Institutional Finance in Propagating KVI Programmes in NORTH ZONE,CENTRAL ZONE AND NATIONAL LEVEL
2. India Pride Award by dainik Bhaskar and Daily News analysis
3. Indira Gandhi Rajbhasha Shield to promoting HINDI
4. Best InfoSphere Warehouse Solution" Award by IBM
5. Award for the use of Technology for Financial Inclusion.
6. Golden Peacock Award for Excellence in Corporate Governance
7. 9th amongst India's Top 50 Most Trusted Service Brands
8. 21st Amongst Top 500 Companies
INFORMATION RELATED TO PHAGWARA BRANCH
AREA -PHAGWARA
ADDRESS - G.T ROAD
PHAGWARA-144401
PUNJAB
BRANCH DIST. NO. - 383
TEL. - 01824-261413, 222432
FAX. - 01824-263811
EMAIL- [email protected]
SWIFT CODE- NIL
IFSC CODE- PUNB0038300
Branch Working & Timing
Weekday: Monday to Friday, Timings: 09.30 am - 03.30 pm
Weekend: Saturday, Timings: 09.30 am - 12.30 pm
WeeklyOff: Sunday
PRODUCTS THEY PROVIDE
LOANS
1 PERSONAL LOAN
ELIGIBILITY- 1) All permanent Defence Personnel including officials of Military Station Headquarters, BSF, CRPF, CISF, ITBP
ii) Confirmed/ permanent employees of Central/ State Govt/ PSUs and all reputed companies/ Institutions, who are drawing their salary through accounts maintained with our branches.
Employees of above categories under 'check-off facility'
iii) professionally qualified Doctors viz. MBBS, BDS & above having annual income of Rs.4.00 lac & above.
Minimum Net Monthly Income
- Rs.15000 per month for eligible customers at Metro Centers;
- Rs.12500 per month for eligible customers at Urban Centers; and
- Rs.10000 per month for eligible customers at Semi-Urban and Rural Centers.
NATURE AND AMOUNT OF LOAN
Term Loan/ Overdraft - Minimum amount of loan will be Rs.50, 000/- and maximum amount of loan Rs.4, 00,000/- or 20 times monthly net salary, whichever is lower, depending upon the repaying capacity
MARGIN- NIL
SECURITY- Suitable guarantee acceptable to the Bank.
REPAYMENT- 60 Equated Monthly Instalments (EMIs) OR remaining period of service, whichever is earlier. Instalment to commence one month after disbursement of loan
RATE OF INTEREST %
FOR PUBLIC
1.Individuals whose salary is being disbursed through our
branches as also those employees who are availing the loan under check-off facility
13 %
2.For others
14%
For Defence Personnel only
1. Individuals whose salary is disbursed through branch.
12.75%
2. For others
13.75 %
2 HOUSE LOAN
PNB reaches out to you with fast, friendly and most convenient home loans for:
Construction or purchase of house/ flat.
Purchase of house/ flat on First Power of Attorney basis from the original allottee
Carrying out repairs/ renovations/ additions/ alterations to existing house/ flat.
Special Feature- To cover the loan outstanding, life Insurance cover is also available on payment of one time premium which can also be financed by the Bank.
Extent of loan
Individual-For construction/purchase of house/flat:- 75% of the cost of construction of house or purchase of house/flat. Cost of car parking upto the maximum extent of 5% of the cost of flat/house can also be included in the cost of the project.
For carrying out repairs/ renovations/ additions/ alterations: - 75% of the estimated cost subject to maximum of Rs. 20 lacs.
Loan upto Rs. 20 lacs for purchase of Land/ Plot.
Loan is available maximum upto Rs. 2 lacs for furnishing
Security
Mortgage of property for which finance is being given.
In case of purchase of house/ flat from housing board/ society where mortgage cannot be created immediately, a tripartite agreement shall be executed amongst the housing board/ society, borrower and the Bank.
In case of purchase of house/ flat on first power of attorney, additional security equal to 125% of the loan amount by way of mortgage of some other property or pledge of bank's FDR/ LIC policy/ Govt. Securities, NSCs, KVPs, IVPs, / PSU Bonds etc. has to be provided.
RATE OF INTEREST %
HOME LOAN
FIXED OPTIONS FOR LOAN
FLOATING OPTION FOR LOAN
UPTO 20LAC
ABOVE 20LAC
UPTO 20LAC
ABOVE 20LAC
UPTO 5 YEARS
9.25
10
8.75
9.50
5 TO 10 YEARS
10
10.25
9
9.50
10 TO 20 YEARS
10.50
10.50
9.25
9.75
20 TO 25 YEARS
10.75
11
9.50
10
Repayment- 1. Loan is to be repaid in equated monthly installments within a period of 25 years or before the borrower attains the age of 65 years.
2. Repayment of loan for repair/ renovation/ addition/alteration has, however been restricted to 10 years
3. CAR LOAN
Eligibility
For Private use
Individuals as well as Business Concerns (Corporate or non-corporate).
Amount of loan
For Individuals / Proprietorship Concerns: 25 times of the monthly net salary OR Rs.25 lacs (for one or more vehicles), whichever is lower. Income of parent(s) / spouse can be taken into account for determining loan amount. In such cases, the parent(s)/ spouse shall stand as additional guarantor.
For Business Concerns (Corporate or non-corporate): No ceiling on loan amount (for one or more vehicles).
Margin
For New Vehicles: 20%
For Old Vehicles: 30%
Security
The vehicle purchased with the amount of loan is to be hypothecated to the Bank. It will be registered in the name of the borrower jointly with the Bank
Guarantee / Collateral Security
Guarantee of spouse, if employed/ earning or third party guarantee, OR
Collateral Security in the shape of either Immovable Property or Liquid Security equivalent to 100% of loan amount.
Additional guarantee of parent(s)/ spouse to be taken incase their income has been taken account for determining loan amount.
RATE OF INTEREST %
1.Individuals with RBL Score of 60 & above
10.50%
2.For others(including business concerns)
11%
REPAYMENT- For New Vehicle: The loan amount together with interest is to be repaid maximum in 84 Equated Monthly Installments (EMIs).
For Old Vehicle: The loan amount together with interest is to be repaid maximum in 60 Equated Monthly Instalments (EMIs)
4. AGRICULTURE LOAN
Branch giving the loan under the scheme 'vidyalakshyapurti'
Eligibility
Student eligibility
Should be an Indian National
Secured admission to Professional / Technical courses in India or abroad through Entrance Test / Merit based Selection process..
Expenses considered for Loan
Fee payable to College / School / Hostel
Examination / Library / Laboratory fee
Purchase of books / equipments / instruments / uniforms
Caution Deposit / Building Fund / Refundable Deposit supported by Institution Bills / Receipts, subject to the condition that the amount does not exceed 10% of the total tution fee for entire course.
Travel Expenses / Passage money for studies abroad.
Purchase of computers - essential for completion of the Course.
Any other expense required to complete the course - like study tours, project work, thesis etc.
Quantum of finance
Need based finance, subject to repaying capacity of the parents / students with margin and the following ceilings:
For studies in India: Maximum Rs.10.00 lacs.
For studies abroad: Maximum Rs.20.00 lacs
Margin-
Upto Rs.4.00 lacs: - Nil.
Above Rs.4.00 lacs: Studies in India 5%
Studies Abroad 15%
Security
Upto Rs.4.00 lacs: Co-Obligation of Parents. No Security..
Above Rs 4.00 lacs and Upto Rs 7.5 lacs: Co-Obligation of Parents. 3rd party guarantee acceptable to the Bank. Above Rs 7.5 lacs: Co-Obligation of Parents. Collateral Security of suitable value along with Assignment of future income of the student for payment of installments.
Rate of interest
Educational loan
Repayable in less than 3 years
Repayable in more than 3 years
Upto 4 lac
BPLR - 0.50%
(I.e. 10.50%)
BPLR - 1.00 + 0.50% TP
(I.e. 10.50%)
Above 4 lac
BPLR + 0.25%
(I.e. 11.25%)
BPLR -0.25% +0.50% TP
(I.e. 11.25%)
Repayment
The interest is to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time, extension of time for completion of course may be permitted for a maximum period of 2 years.
DEPOSITS
SAVING ACCOUNT
1. PNB PRUDENT SWEEP
Basic Eligibility
Accounts can be opened As per RBI directives for opening Saving Fund Accounts of individuals/institutions. Staff members are also eligible to open their accounts under this Scheme
Features
Initial Deposit Amount Required: Rs. 500/-
Minimum Quarterly Average Balance Required: Rs. 5000/- for Rural/Semi-Urban & Rs.10000/- for Urban/Metro areas.
Incidental Charges: Rs. 150/- per quarter for not maintaining stipulated Quarterly Average Balance for Rural/Semi-Urban areas and Rs. 300/- for Urban/Metro areas. It will be for operative as well as in-operative accounts under this category.
SWEEP IN AND OUT:
(a) Rural & Semi-Urban Area: Sweep In and Out shall take place in Savings Accounts after the cut off level of Rs.15,000/-in Rural/Semi-Urban areas, i.e., having a balance of over Rs.15,000/- with a minimum Sweep-out/ Sweep-In of Rs.10,000/- and thereafter in multiples of Rs.10,000/- to/from Fixed Deposit.
(b) In Urban & Metro Area: Sweep In and Out shall take place in Savings Accounts after the cut off level of Rs.40,000/-in Metro/Urban areas, i.e., having a balance of over Rs.40,000/- with a minimum Sweep-out/ Sweep-In of Rs.10,000/- and thereafter in multiples of Rs.10,000/- to/from Fixed Deposit.
FDR's under this scheme can be issued for minimum period of 7 days and for maximum period of 179 days.
Operational Modality: Debit mandates either through clearing /transfer/cash or in case the customer withdraws the amount from "PNB PRUDENTSWEEP" Account, this type of situations would be treated as under:
(a) In Rural/Semi Urban areas, the balance available upto Rs.15,000/- in the Prudent Sweep account would be utilized. For further needs, withdrawal will be allowed from Fixed Deposit in the multiples of Rs.10, 000/-, on Last In First Out Basis (LIFO).
(b) In Urban/Metro areas, the balance available upto Rs.40, 000/- in the Prudent Sweep account would be utilized. For further needs, withdrawal will be allowed from Fixed Deposit in the multiples of Rs.10, 000/-, on Last in First out Basis (LIFO).
.Attractive freebies/Concessions: In addition, certain freebies are also admissible, some of which are as under:
1. Free ATM Card facility, however, annual maintenance charges are to be recovered.
2. Free Retail Internet Banking Services
3. Free 100 cheque leaves in a financial year, this includes 40 cheque leaves provided free to saving customer.
4. 50% concessions on locker rental for 1st year on small locker
5. 50% concessions on annual maintenance charges for De-mat Services for first year only.
2. TOTAL FREEDOM SALARY ACCOUNT
Purpose: To offer an attractive Saving Fund Account to Corporate Employees for enabling them to have their Salary Credited as well as availing overdraft facility up to Rs. 30,000/- or the last salary credited in the account whichever is lower, at our interest rates applicable to Personal Loans to employees, it would be adjustable in bullet repayment at the time of next salary credit
Initial Deposit and Minimum Balance Requirements : Zero
Service Charges: It will be a ZERO CHARGES ACCOUNT, i.e., the customer would not be subjected to any charges in respect of any of the services related to this account
Other Facilities offered: The following facilities are also be provided under the scheme:
Free Cheque: 20 cheques leaves free per annum.
Free Statement of Accounts;
Free issuance of all types of certificates including interest certificate and balance certificate, etc;
Free of Cost issuance of PNB Debit/ATM Card; however, annual charges shall be recoverable.
RTGS/NEFT Transaction: Free upto Rs 50,000/- thereafter, normal charges.
50% discount in one locker at the branch convenient to customer for 1st year only.
CURRENT DEPOSIT ACCOUNT
Current Deposit Account is very convenient product for frequent banking transactions by Individuals, Firms, HUF, Companies, institutions etc. There is no limit on number of transactions in such accounts and are most suitable for business operations. The product is available at all branches.
FEATURES
CURRENT ACCOUNT - GENERAL
Eligibility
Individuals, Joint accounts, Sole proprietary concerns, Partnership firms, HUFs, Companies, Association of persons, Society, Trusts, Body Co-operatives, Charitable and other institutions.
Initial Deposit at opening of account
Rs.1000
Minimum initial balance ; and
Quarterly Average Balance(QAB)
Area of Branch
Amount (Rs.)
Rural
1000
Semi urban
3000
Urban
5000
Metropolitan
5000
Documents required for opening the account
Application (AOF) and Specimen signatures
Address proof as per KYC norms
Photos
Introduction
In case of Company Memorandum & Articles of Association, Certificate of Incorporation, Board resolution, etc..
Related documents in case of HUF, Trust, Firms etc
Nomination Facility
Available to eligible persons as per rules
Additional facilities
100% integrated and computerized Network of more than 5000 Service Outlets across the country to provide seamless banking transactions.
Wide Network of ATMs at your service 24 hours a day.
Free internet banking
ATM Cum Debit card
Fast remittance of funds through NEFT/RTGS
Acceptance of standing instructions
Collection of cheques
FIX DEPOSITS
Regular Interest every month or quarter
FEATURES
Depending upon your choice, the scheme offers regular income to you by the way of payment of interest on monthly or quarterly basis
Interest is credited regularly. However, the original amount of fixed deposit remains intact and paid at the time of maturity
Minimum deposit of Rs.1000/- or any higher amount is accepted under the Scheme for any period from 12 months to 120 months
Facility of automatic renewal of deposit on maturity is available
RECURING DEPOSIT
FEATURES
Account can be opened with a minimum monthly deposit of Rs.100/- or its multiples for a period of 6 months to 120 months in multiples of 3 months.
Interest at term deposit rates is computable on quarterly compounded basis
The small monthly savings in the Recurring Deposit scheme enable you to accumulate a handsome amount on maturity.
Locker facility provide by the branch
Position of vacant lockers 144 (as per the date 27 Feb 2010)
They provide only small locker facility
Charges rs2 per day
PNB DEBIT CARD
TYPES OF DEBIT CARD ISSUED AND IT'S FEATURES:
1.) Classic Debit Card:
• Classic Debit card are issued personalized and non-personalized form.
• Non - Personalized cards where name of the customer is not embossed on the card.
• Personalized cards where name of the customer is embossed on the card.
• The daily withdrawal limits for ATM and at POS terminals are Rs.25000/- each.
• The card can be used at POS terminals as like credit card (i.e. swipe the card at Pos terminal and sign the receipt).
• The card can also be used on Internet for shopping (E-commerce transactions)
2.) Gold Debit Card:
• Gold debit card is issued to Premium customers maintaining minimum Quarterly average balance of Rs.50000 in Saving fund A/c and Rs. 100000/- in Current A/c.
• Gold Cards where name and photo of the customer is embossed on the card.
• The daily withdrawal limit for ATM and at POS terminals are Rs.40000/- and Rs.60000/- respectively.
• The card can be used at POS terminals as like credit card (i.e. swipe the card at Pos terminal and sign the receipt).
•The card can also be used on Internet for shopping (E-commerce transactions)
3.) Biometric ATM Card:
• Biometric ATM card is issued to illiterate customers.
• With this card, transaction is authorized based on the finger print of the customer.
• The card will be used at Biometric ATM only with the use of fingerprint only.
• Daily withdrawal limit at ATM is Rs. 10000/-.
ELIGIBILITY
Who are eligible for PNB Debit card
•All existing Account holder who are maintaining minimum balance and who regularly operate their account are eligible for the issuance of Debit Card.
• New customers, who open their accounts after introduction, are also eligible for the issue of Debit Cards at the time of opening the account itself.
• Debit Card facility shall be extended to the individual customers only, having Savings Bank Account and Current Account.
• Debit cards shall also be issued to individual customers having overdraft facility, which is in the nature of a personal loan. This shall mean and include personal loans extended to individual customers in the form of a regular overdraft limit such as clean overdraft facility or overdraft facility against FD/NSCs/LICs etc. where operations through cheques are permitted.
Charges:
Bank has revised charges applicable to Debit Card w.e.f 01.02.2008, as under:
Sr.No.
Particulars of Charges
Charges
1
ATM/Debit Card Issue Charges
Waived
2
ATM/Debit Card Annual Fee (After First Year)
Rs. 100/-
3
Charges for issue Add on Card
Rs. 50/-
4
Charges for issue of Duplicate Pin However, if the Card has not been used
even once due to error in Printing of PIN, issue of Duplicate pin shall be free)
Rs. 25/-
5
Charges for Issue of Duplicate ATM/Debit
Card/Replacement of ATM/Debit Card
Rs. 100/-
6
Issue of ATM/Debit Card with photograph of the Cardholder
Rs. 25/-
Service provide to NRI customers
Bank serve its NRI customers and it provides many services to its NRI customers such as Non- Resident (external) Rupee account (NRE)-In Saving, Current, and Term Deposits and NR Term Deposits in US Dollars, Pound Sterling, EURO, Canadian Dollars, Australian Dollars, Jap.Yen etc. for this purpose bank has various sources like
Western union money transfer
Wiezmann forex
PNB Global Foreign Currency Deposit Scheme
Duration
USD
GBP
EUR
AUD
CAD
1 year to less than 2 years
1.84
(1.85)
2.30(2.26)
2.20
(2.20)
6.05
(6.21)
2.25
(2.26)
2 years to less than 3 years
2.08
(2.16)
2.57
(2.75)
2.45
(2.68)
5.99(6.02)
2.37(2.36)
3 years to less than 4 years
2.69
(2.78)
3.11
(3.36)
2.85
(3.08)
6.22
(6.28)
2.94
(2.90)
4 years to less than 5 years
3.20
(3.29)
3.58(3.81)
3.18
(3.37)
6.50
(6.57)
3.36
(3.31)
5 years only
3.62
(3.71)
3.94(4.14)
3.47
(3.63)
6.65
(6.70)
3.69
(3.62)
The above interest rates shall also be applicable to RFC Deposits denominated in USD, GBP and EUR currencies for the maturity period of 1 to 5 years.
PNB Global Rupee Deposit Scheme
Rate of Interest
Maturity Period
Existing
(w.e.f. 01.02.2010)
Revised
(w.e.f 01.03.2010)
1 year to less than 2 years
2.60
2.59
2 year to less than 3 years
2.91
2.83
3 years to 5 years
3.53
3.44
-The revised interest rates of Global Rupee term deposits will be applicable to fresh deposits accepted on or after 1st March , 2010.Please note that these interest rates are valid for the period 1st March to 31st March 2010.
Tie Ups of PUNJABNATIONAL BANK
Hyundai Motors India Tie-Up with Punjab National Bank to Provide Finance to Its Customers
Finance tie ups with Hindustan motors
The New India Assurance Company Ltd. has tied up with Punjab National Bank to market its non-life insurance products in its quest to become a single point provider of financial services to its customers
Punjab National Bank (PNB) has joined hands with money transfer services company Western Union and the latter's principal agent Wiezmann Forex to provide in-bound money services
