COMPENDIUM OF

PNB
PRODUCTS & SERVICES
At a glance
CONSOLIDATED
BY
Mercy Victor,
Chief Manager,
Punjab National Bank,
Circle Office,
Bangalore.

Date: 07.06.2022
 Profile
Punjab National Bank (PNB), India’s first Swadeshi Bank, commenced its operations on
April 12, 1895 from Lahore, with an authorized capital of Rs. 2 lac and working capital of
Rs.20,000. The Bank was established by the spirit of nationalism and was the first bank
purely managed by Indians with Indian Capital. During the long history of the Bank, 9 banks
have been merged/ amalgamated with PNB. They are Bharat Bank Ltd in 1951, Universal
Bank of India in 1961, Indo-Commercial Bank India in 1962, Hindustan Commercial
Bank in 1986, New Bank of India in 1993, Nedungadi Bank in 2003, and Oriental Bank of
Commerce in 2020 & United Bank of India in 2020

DOMESTIC BRANCH NETWORK

As at the end of March’ 2022, Bank has total 39,167 delivery channels with a network of
10,098 domestic branches, 2 International branches, 13,350 ATMs & 15,719 Business
Correspondents.

INTERNATIONAL FORAYS
As on March’2022, Bank is having 2 International branches in Gift City, Ahmedabad and
Dubai. The Bank has two overseas subsidiaries viz. PNB International Ltd. London and
Druk PNB Bank Ltd. Bhutan and one joint Venture Bank in Nepal under the name Everest
Bank Ltd. Nepal. Bank has its representative offices in Myanmar and Bangladesh.

BUSINESS PERFORMANCE
PNB is the second largest Public Sector Bank (PSB) in the country with Global Gross
Business at ₹ 19,31,322 Crore. The Bank continues to maintain its forte in low cost CASA
deposits with a share of 47.43%. Bank’s focus has been on qualitative business growth,
recovery and arresting fresh slippages

The Business figures of the Bank as on March’2022 is given as under: (₹ Crore)

Sl Parameters Mar’ 21 Mar’ 22 YoY variation

Amt %
1 Domestic Deposits 1083335 1125049 41714 3.85%
2 Global Deposits 1106332 1146218 39886 3.61%
3 Gross Domestic Advances 719138 759214 40076 5.57%
4 Gross Global Advances 739407 785104 45697 6.18%
5 Gross Domestic Business 1802473 1884263 81790 4.54%
6 Gross Overseas Business 43266 47060 3794 8.77%
7 Gross Global Business 1845739 1931322 85583 4.64%
8 CASA Deposits 492782 533654 40872 8.29%
9 Current Deposits 75546 81974 6428 8.51%
10 Saving Deposits 417236 451680 34444 8.25%
11 CASA Share Domestic (%) 45.48% 47.43%
PROFITABILITY
In terms of bottom line parameters, the Bank’s Operating Profit increased by 17.30% on
Yo-Y basis to ₹ 5265 Crore in Q4 FY’22 from ₹ 4489 Crore in Q4 FY’21. Net Interest Income
(NII) increased by 5.0 % on Y-o-Y basis to ₹ 7304 Crore in Q4 FY’22 from ₹ 6957 Crore in
Q4 FY’21. Global NIM improved by 7 bps to 2.76 % in Q4 FY’22 from 2.69 % in Q4 FY’21.
Cost to income ratio for Q4’FY22 at 46.02% improved by 690 bps on Y-o-Y basis.

RoA improved by 11 bps in FY 22 to 0.26% at the end of FY22 from 0.15% in FY21. RoE
improved by 208 bps in FY 22 to 5.96% from 3.88% in FY21. Net Profit of the Bank
increased to ₹ 3457 Crore during FY’22, with Y-o-Y growth of 71.0%

CAPITAL ADEQUACY RATIO

CRAR improved to 14.50% in March’22 from 14.32% as at March’21. Tier-I is 11.73 %
(CET-1 was at 10.56 %, AT1 was at 1.17 %) and Tier-II CRAR is 2.77 % as at March’22

ASSET QUALITY
Management of stressed assets continues to be one of the top priorities for the Bank. As a
result of focused efforts in this direction, Gross Non-Performing Assets (GNPA) declined to
₹92448 Crore as on March’22 as against ₹1,04,423 Crore as on March’21 declined by 11.47
%. Net Non-Performing Assets (NNPA) stood at ₹34,909 Crore as on March’22 as against
₹38,576 Crore in as on March’21 declined by 9.51 %. In terms of ratios, GNPA ratio
improved by 234 bps to 11.78% in March’22 from 14.12% in March’21 and NNPA ratio
improved by 93 bps to 4.80% in March’22 from 5.73% in March’21. Provision Coverage
Ratio (PCR) including TWO improved by 146 bps to 81.60% in March’2022 from 80.14%
in March’21.

PRIORITY SECTOR LENDING

PNB has constantly been achieving National Goals and Targets allocated under flagship
schemes of the nation for upliftment and employment of targeted groups. The outstanding
under Priority Sector as on March’22 stood at ₹ 2,83,712 Crore. National Goal achievement
of Priority Sector Advances was 42.42% of ANBC against the National Goal of 40% as at
the end of March’22. Agriculture advances stood at ₹122708 Crore, exceeding the National
Goal of 18 % and was at 18.35 % of ANBC as at the end of March’22. Credit to Small and
Marginal farmers stood at ₹65979 Crore in March’22. National Goal achievement is 9.87 %
of ANBC, exceeding the target of 9 %. Credit to Weaker Sections stood at ₹90002 Crore in
March’22. National Goal achievement is 13.46 % of ANBC, exceeding the target of 11 %.
Credit to Micro Enterprises stood at ₹53963 Crore as on March’22. The Bank has achieved
National Goal at 8.07 % of ANBC as against the target of 7.5 %.

ENHANCING DIGITALISATION
Digital Banking Initiatives: Bank has focused on creation of digital canvas for customers by
allowing all tools for customers like debit card, PNB One, BHIM UPI etc. Digital
Transactions improved to 69% in March’22.The progress under digitalization is outline
below:
  Internet Banking Services (IBS) users increased to 340 Lakhs as at March’22 from
257 lakhs in March’21, registering 33% Y-o-Y growth.
 PNB One Mobile Banking Services (MBS) users increased 69% YoY to 338 Lakhs as
at March’22 from 200 Lakhs in March’21.
 Number of Debit Card issued is 7.61 Crore as on March’22 with 71% Debit Card
penetration of eligible base.
 UPI transactions for FY 21-22 increased by 81% on YoY basis to 200.5 Crores as at
March’22.
 504% Y-o-Y Growth in Bharat Bill Pay through PNB One

FINANCIAL INCLUSION
The Bank has been a pioneer in taking initiatives in the area of Financial Inclusion. Under
PMJDY, 418 Lakh accounts were opened. As on 31.03.2022, progress under the social
security schemes is as under:-
 Pradhan Mantri Suraksha Bima Yojana [PMSBY]: 180.64 lakh customers enrolled
under PMSBY.
 Pradhan Mantri Jeevan Jyoti Bima Yojana [PMJJBY]: 43.23 lakh customers
enrolled under PMJJBY.
 Atal Pension Yojana [APY]: 20.10 lakh customers enrolled under APY.

NEW INITIATIVES UNDERTAKEN

 PNB 360 – a comprehensive dashboard to monitor business performance
 Collection of Loan EMI through BBPS - repaying loan EMI through Bharat Bill Pay
System
 Trade Finance Redefined Portal - facilitates customers to initiate forex trade
transaction online
 Digitalization of Recovery Process for optimization of TAT
 ASBA on PNB ONE - facilitate investors for subscribing to IPO 24*7
 Insta Personal Loan to Pensioners
 Card-less Cash Withdrawal - allows cash withdrawal facility from PNB ATMs
without debit card
 PNB Virtual Debit Card - eliminates need of carrying physical Debit Card.
 PNB ECOLENS – a monthly bulletin covering economic and banking indicators

AWARDS AND RECOGNITIONS

 Most Significant Lender Supporting SC Entrepreneurs’ by Ministry of Social Justice
& Empowerment.
 Best MSME Bank (PSU) in 8th MSME Excellence Awards for FY’21 by
ASSOCHAM.
 Best Data Quality Improvement Award on Commercial Bureau for FY’21 amongst
Public sector Banks by TransUnion CIBIL.
  Jointly with M/s Infosys won the “Global Banking & Finance Awards 2021” in the
category “Initiative Core Amalgamation” for FY’21 by Global Finance Review
Company.
 Secured 1st position amongst peer banks under Agriculture Infrastructure Fund
(AIF) campaign launched by Ministry of Agriculture and Farmers Welfare.
 Award of Excellence in Campaign APY Leadership Capital launched by PFRDA
during 3rd January to 17 February 2022.

SOCIAL MEDIA PRESENCE

Bank believes in a thriving communication with its customers and in this context
understands the importance of Social media as an effective tool. Punjab National Bank is
having a Facebook following of 14,93,566 , Twitter following of 2,87,716, LinkedIn following
of 85,231, Instagram following of 85,710, YouTube subscribe₹ of 77,475 and Koo following
of 15,200

Principal Products offered by PNB

1. Personal 2. Corporate 3. International 4. Capital Services

Deposit Corporate Loans FX RETAIL Depository Services
PLATFORM
Loans EXIM finance LIBOR Mutual Funds
TRANSITION
 RetailCash Schemes / Products / Merchant Banking
Management Services
Services
 MSME Gold Card NRI Services ASBA
Scheme for
Exporters
 Agriculture Doorstep Banking Help Desk For Forex
Services Services
Apply For OTS In World Travel Card
NPA Accounts
Insurance Foreign Office Details
Government Trade Finance
Business Redefined Portal
Financial Outward Remittance
Inclusion under LRS
Priority Sector
 DEPOSITS

1. Savings Bank 2. Current Account 3. Term Deposits

PNB Unnati Saving Fund PNB MyBIZ plus Annuity Term Deposit PNB Sugam Term Deposit
Account Current Account Scheme for Victims of Scheme
(Smart Banking Road Accidents
Current Account
PNB Saving Account PNB MyBIZ Account  PNB Uttam - Non PNB Systematic Deposit
Product for Premium (Current Account - Plan
Callable Deposit
Customers General)
Scheme
PNB SF Prudent Sweep PNB Merchant PNB Recurring PNB Ordinary Term
Deposit Scheme for Current Account Deposit Scheme( E- Deposit Scheme
Individuals RD):
PNB SF Prudent Sweep PNB Escrow/Rera Schemes Covered PNB Varshik Aay Yojana
for the Accounts of Account Scheme (Under E-FD) (VAY) Deposit Scheme
Institutions
PNB Junior SF Account PNB "TWIN" CA+SF FD Scheme for Road PNB Tax Shield Fixed
Account Accident Victims Deposit Scheme
Basic Saving Bank Deposit PNB "Current Account- Recurring Deposit  PNB PRANAM FIXED
Account (BSBDA) Point of Sale" Scheme Scheme DEPOSIT SCHEME
PNB Rakshak Scheme PNB Anupam Term PNB Mibor Linked Notice
Deposit Scheme Deposit Scheme

Scheme for Providing PNB Balika Shiksha  PNB Floating Rate Fixed
Overdraft Facility to Deposit Scheme
Pensioners
PNB Power Savings PNB Capital Gain  PNB GROWTH FIXED
Account Scheme DEPOSIT SCHEME
PNB Samman Savings  PNB Multi Benefit  PNB BULK FIXED
Accounts Term Deposit Scheme DEPOSIT SCHEME

PNB MySALARY PNB Scheme For  PNB NRE RUPEE SUGAM

Account Road Accident TERM DEPOSIT
Victims
SCHEME
 Premium Savings Account PNB Special  PNB NRO SUGAM TERM
PNB Best Customer Recurring Deposit DEPOSIT SCHEME
Product
 PNB Pratham Savings PNB Special Term
Account Deposit Scheme
PNB "SELECT" Saving
Account
4. Capital Gain 5. Gold Monetization Scheme
 Saving fund
PNB UNNATI SAVING FUND ACCOUNT

S.
FEATURES SAVING ACCOUNT-GENERAL
No.
Resident Individuals (either singly or jointly), Associations, Trusts,
1. Who can open account Hindu Undivided Families (HUFs), Clubs, Societies etc. Institutions
specially permitted by RBI.
Area Of Branch Minimum Qly. Average Balance
Minimum quarterly
Rural Rs.500/-
average balance (QAB)
2. Semi- Urban Rs.1000/-
& charges for not
Urban Rs.2000/-
maintaining QAB
Metropolitan Rs.2000/-
 Account Opening Form (AOF)
 Identity & Address proof as per KYC norms
3.
Documents required for  Photo
opening the account  Related documents in case of Associations, HUF, Clubs, Trust,
Society etc.
 Other related documents as per RBI Guidelines
4. Nomination Facility Available to eligible persons as per rules
 Debit entries in a half year should not exceed 40.
 IBS, ATM, SI debits and debits of charges are not included under limit
of 40 per half year.
 If debit transactions exceed 40, charges will be applicable
 3rd party cash payments up to a maximum of Rs.50,000/- per day.
 Transfer Transactions up to a maximum of Rs.1,00,000/- per day.
5. Transactions Third party cannot withdraw any amount through withdrawal slip.
There is no limit of Maximum amount through withdrwal slip at the
base branch.
 In case the account holder visits the branch himself, Withdrawal Slip
must accompany the Passbook.
 Inter-sol cash Payments to account holder himself is restricted up to
the limit of Rs. 5,00,000/-
 Interest Rates
 25 free personalized multicity cheque leaf per year.
 Free transfer of fund within PNB accounts
 Free internet banking
Transferability of accounts to any P.N.B Branch without changing the
account number
6. Additional facilities
 Deposits are insured by DICGC upto Rs 5.00 lakhs per customer.
 ATM Cum Debit card(individuals account)
 Fast remittance of funds through NEFT/RTGS
 Acceptance of standing instructions
 Safe Deposit Lockers available online also.
 Online opening of account facilitated
 PNB SAVING ACCOUNT PRODUCT FOR PREMIUM CUSTOMERS
1. ELIGIBILITY:
Saving Account can be opened by Individuals (either singly or jointly), Associations, Trusts, Hindu Undivided
Families (HUFs), Clubs, Societies etc. subject to fulfilling eligibility criteria (domestic depositors) of Reserve
Bank of India, on compliance of "Know Your Customer(KYC) Guidelines", execution of Account Opening
Form and completion of requisite formalities, viz., photographs, identity and address proof, etc.

2. BRIEF OF THE PRODUCT:

Sl. No. Particulars With QAB Of Rs.50,000/- & Above
1. Minimum Quarterly Average Balance (QAB) Rs.50000 & above
AREA INITIAL DEPOSIT
Rural Rs. 500/-
Initial Deposit(R/SU/U & M) (subject to changes for General
2. Semi Urban Rs. 1000/-
SF A/c from time to time)
Urban Rs. 2000/
Metro Rs. 2000/
No charges for non-maintenance of QAB of
3. Non Maintenance of QAB Charges (per quarter)
Rs.50000/-
Inter-sol transfer/ Clearing Charges
i) Local (Same ClearingCentre/City)
4. Free
ii) ISO Charges on transfer of funds to accounts at outstation
branches
5. Cash withdrawal Charges at all branches Free
Instant credit of outstation cheques P.Q.(After ensuring
6. satisfactory operation & maintaining of QAB for 2 qtr in the Rs.25000/-
account).
7. Cash Deposit Charges at Base Branch Free
Cash Deposit Charges at non base Branch (Local/outstation) 50% discount on applicable charges.
Concession in respect of upfront fee/ processing Fee for
availment of Loan
8. (Housing Loan upto Rs.50 lac & Car Loan upto Rs.6 lac)- 50%
concession will be available after maintaining QAB for 2
quarter
RTGS/NEFT charges
9. Free
(Routed through account)
Free Collection of outstation Cheque per quarter Rs.1.00 lac
10.
(Maximum) (Issued in favour of customer) per quarter
50% discount on issue of draft up to
11. Issue of Demand Drafts per quarter
Rs.1.50 lac per quarter.
12. Stop Payment instruction charges Free
Account Statements charges (in addition to passbook per
13. Free
month)
Platinum Debit Card with 2 add on cards
14. Issue of Free Debit Card (Accidental Insurance cover maximum
Rs.2lac)
50% concession in locker rent for first year
15. A rebate/ discount in locker rent
only (Small locker)
Free Cheque leaves 50 cheque leaves are already free p.a to all
Saving Fund Customers.
20 additional cheque leaves will be given
16.  System will automatically provide concession/freebies free of cost in a year (i.e. 5 additional
to existing customers who maintained QAB of cheque leaves free in the quarter for
Rs.50000/- & above in previous quarter. maintaining QAB of Rs.50000/- & above in
the previous quarter).
 PNB SF PRUDENT SWEEP DEPOSIT SCHEME FOR INDIVIDUALS

Eligibility
Only individuals

Features
Initial Deposit/Minimum Quarterly Average Balance Required : Rs.25000/-
Charges For Not Maintaining Quarterly Average Balance : Rs. 400/- Per Quarter

Incidental Charges: Rs.150/- per quarter for not maintaining stipulated QAB
for Rural/Semi-Urban areas and Rs.300/- for Urban/Metro areas.

SWEEP IN AND OUT:

Sweep In and Out shall take place in Savings Accounts after the cut off level of Rs.50,000/-
i.e., having a balance of over Rs.50,000/- with a minimum Sweep-out/ Sweep-In of Rs.5,000/-
and thereafter in multiples of Rs.5,000/- to/from Fixed Deposit. FDR’s under this scheme can
be issued for minimum period of 46 days and for maximum period of 179 days. The customer
will get the prevailing fixed deposit card interest rates applicable on respective buckets on
the amount of Flexi Fixed Deposits provided it had remained under FD portion for a
minimum period. Sweep out will be on daily basis.

Tenor:
46 days to 179 days

The funds will be swept in i.e. cancellation of Fixed Deposit, in case of need on Last in First
out Basis (LIFO).

For other details, please visit any of our branch.

Various Free Facilities:

2 remittances & collection of cheques(any)upto Rs 25000/- in a month,100 cheque leaves in a
F.Y. , internet banking services (IBS,50% concession on annual maintenance charges for
demat services for first year only, ATM card facility (AMC payble) etc.
PNB SF Prudent Sweep for The Accounts Of Institutions
Eligibility
ELIGIBLE institutions permitted for opening Saving Fund Accounts

Features
Minimum Quarterly Average Balance: 1,000,00

SWEEP IN AND OUT:

Sweep in/out shall take place after the cut off balance of Rs.5.00 lacs and in multiples of
Rs.1.00 lac. Sweep out will be on weekly basis.

Tenor:
7 days to 91 days
The funds will be swept in i.e. cancellation of Fixed Deposit, in case of need on Last in First
out Basis (LIFO).

Various Free Facilities:

RTGS/NEFT charges to be waived off instead of 50% discount
Concession in cash deposit charges: Upto Rs. 5.00 lakh – Free; beyond that charges will be
Applicable as in Saving Accounts.

Upto 2 remittances with the maximum amount of Rs.25,000/- (For both remittances) in a
month 100 cheque leaves in a F.Y.

Internet banking services (IBS),

Free Collection of Outstation Cheques- Upto the maximum amount of Rs.25,000/- in a
month.

For other details, please visit any of our branch.

 PNB Junior SF Account
Purpose:
To offer an attractive Saving Fund Account to minor.

Eligibility:
Account can be opened by a minor of any age through his/her natural or legally appointed guardian.
Minors above the age of 10 years (on obtaining satisfactory proof of age) are allowed to open and
operate savings bank accounts independently, if they so desire. The account will be opened on
compliance of Know Your Customer (KYC) Guidelines, execution of Account Opening Form and
other requisite formalities, viz., photographs, identity and address proof, etc.

Initial Deposit and Minimum Balance Requirements:

Zero

Features of The Scheme:

Particular Concessions/Freebies
Minimum Quarterly Average Balance (QAB) Zero
Initial Deposit Zero
Free Cheque leaves 50 cheque leaves per year
NEFT charges Free upto Rs.10,000/-per day
Issue of Demand Drafts Free for school/college fee
Issue of ATM/Debit Card (Rupay) Allowed subject to debit upto Rs.5000/- per day
Internet Banking Facility Allowed-only view facility
Mobile Banking Facility Allowed-only view facility
On attaining majority revised instructions/
No overdraft facility
signature & a/c will be converted to “SBGEN”.
Charges for not maintaining QAB Not Applicable
Ledger Folio Charges NIL
Intersol transactions including cash
Free
withdrawal/deposits

Withdrawal of Freebies
 To arrest the misuse of Minor Accounts, all the concessions and freebies under the scheme
shall be withdrawn after attaining the age of 18 years.
 A mandate/authorization letter is to be taken from student at the time of opening of account
under aforesaid scheme, stating that after attaining the age of 18 years, the concerned student
account shall be automatically changed to General Category Saving Fund Account. The
mandate/authorization letter is placed at ANNEXURE - A which shall form an integral part
of the AOF.
  Cessation Date is to be filled at the time of opening of account itself. The date/year when the
student is likely to exit the Institution or the date when the student attains the age of 18 years
be obtained along with proper proof.
 Once the minor account is changed into general SF account, the special freebies/concessions
in PNB Minor scheme as per existing bank guidelines shall be withdrawn and charges as
applicable in normal Saving Fund account shall be levied in the account.
 Overdraft Facility: Not Allowed
 Nomination: Allowed

Other Terms & Conditions

 Existing SF customer may opt for this product subject to fulfillment of eligibility criteria.
 The additional facility of internet banking, mobile banking & ATM/debit card are offered
only to the minors in the self-operated accounts i.e. minor of 10 years & above by taking the
liberty given to Banks by Reserve Bank of India.
 On attaining majority, the erstwhile minor should confirm the balance in his/ her account
and if the account is operated by the natural guardian / legal guardian, fresh operating
instructions and specimen signature of erstwhile minor should be obtained and kept on
record for all operational purposes.
 In case independent operation in the account by the minor, fresh signatures of the account
holder be obtained after attaining the majority as presently done in the minor accounts
operated under guardianship.
 While opening account of a minor customer irrespective of his/her age, capturing CIF of
his/her guardian in Related Person detail is mandatory.
 A system generated letter will be sent to minors one month prior to becoming major for
completing the formalities. A SMS will also be sent if mobile number is registered in the
account.
 On attaining majority, the account will be converted to SF general account or as per option
of the customer subject to eligibility criteria under the product.
 The guidelines issued by the concerned Division for the facilities provided in the product must
be strictly adhered to i.e. the matter related to issuance of debit card, internet banking, mobile
banking facilities etc.
 All other service charges except the relaxations given above will be levied as per Bank’s
schedule of service charges as applicable from time to time.
 All other terms and conditions applicable to minor customer under Saving Fund Product
issued by bank from time to time will be adhered to.
 Basic Saving Bank Deposit Account (BSBDA)
PNB BASIC SAVING BANK DEPOSIT ACCOUNTS (PNB ZERO BALANCE ACCOUNT)

PARAMETERS FEATURES
The Saving Fund Account may be opened by an INDIVIDUAL singly
or jointly, minors of the age of 10 years and above, minors under
Eligibility natural/legal guardianship. An illiterate or a visually impaired person
is also eligible to open Saving Fund account under the scheme with
usual safeguards.
Minimum Quarterly This account shall not have the requirement of any minimum balance.
Average Balance For these accounts, minimum balance/initial balance requirement
Requirement would be ZERO.
The account would be subjected to RBI instructions on Know Your
Customer (KYC)/Anti Money Laundering (AML) for opening of bank
accounts issued from time to time. However, it is reported that the
customers who have opened their BASIC SAVING BANK DEPOSIT
ACCOUNT (BSBDA) after complying KYC norms, are asked to
KYC Compliance
submit KYC documents again like customers of Small Accounts. It not
only creates inconvenience to the customers but also affects the
customer service. As such, BSBDA customers should not be put into
inconvenience by asking KYC document again after opening of
account.
Nomination Allowed
A cheque book of 10 leaves may be issued (at the discretion of the
Issuance of Cheque Book branch incumbent) free of cost in a year. Thereafter, normal cheque
book charges would be applicable.
The deposit of cash at Bank Branch as well as ATMs / CDMs
Extent of transactions/
Receipt/ credit of money through any electronic channel or by means
Operation permitted and
of deposit /collection of cheques drawn by Central/State Government
facilities associated with
agencies and departments.
the BSBD account, free of
No limit on number and value of deposits that can be made in a month.
charge, without any
Minimum of six withdrawals in a month, including ATM withdrawals.
requirement of minimum
{The minimum free withdrawals available to the BSBD Account
balance
holders can be made at all ATMs (own-bank/other bank ATMs).
Facility of ATM Card or ATM-cum-Debit Card shall be available
without any charge.
The customers of BSBDA will be able to withdraw the amount through
Debit Card/ATM Card ATM as per existing ATM guidelines i.e. free at PNB ATM and
charges at other Bank’s ATM over and above free monthly ATM
transactions permitted. However, annual maintenance charge shall be
recovered.
 Detailed guidelines in respect of capturing biometric details in Basic
Saving Bank Deposit Accounts (BSBDA) to enable online transaction at
BC locations have been circulated vide Priority Sector & Financial
Inclusion Division guidelines which inter-alia provide that entering of
biometric detail in an account makes it feasible to transact at Business
Correspondent (BC)location.
Bank is providing KIOSK Banking Solution (KBS) which is a web based
Capturing of solution to support banking services such as deposit/receipt of cash etc. at
Biometric Details in BC locations.
Basic Saving Bank The existing Basic Saving Bank Deposit Accounts (BSBDA) holders at
Deposit Accounts branches can use BC outlet facility by submitting Biometric details in their
(BSBDA) to enable accounts. To enable this facility, the customer would require filling up an
online transaction at application form (ANNEXURE-D) and submitting at branch with a
BC locations request to capture their Biometrics. While opening of new BSBDA
account, Biometric details of all customers must be captured.
perational guidelines for branch capturing Biometrics in the account is
available in the above said FI Division Circular.
Branches should make efforts to educate BSBDA customers to use online
BC outlets for their financial transactions, which will help to decongest
branches. Branch Incumbents must bring the contents of this circular to
the notice of all staff members.
The BSBD Account shall be considered a normal banking service available
to all.
Holder of Basic Saving Bank Deposit Account will not be eligible for
opening any other saving bank deposit account in the same bank. BSBDA
holder will be required to close all existing saving fund account in our
Bank within 30 days from the date of opening of the account.
The services available in the account will include deposit and withdrawal
Other Terms &
of cash at bank branch as well as ATMs, receipt/ credit of money through
Conditions
electronic payment channel or by means of deposit/collection of cheques
drawn by Central/State Government agencies and department.
No charge will be levied for non-operation/activation of in-operative of
Basic Saving Bank Deposit Account.
The existing basic banking ‘no frill’ accounts will be converted to Basic
Savings Bank Deposit Account (PNB Zero Balance Account) after
completing KYC norms.
As per code of Bank’s Commitments to Customers Banks need to
prominently display the availability of the facility for opening of BSBD
Accounts in all the branches.
During quick study of implementation of above code provision, BCSBI
Display the brief of
found that the guidelines in respect of Basic Saving Bank Deposit
BSBDA at prominent
Accounts (BSBDA) are displayed only in few bank branches.
place of branch
In view of the above, it is requested to display the brief of BSBDA at the
prominent place in the banking hall and also ensure that the front line staff
including branch officials is aware about the procedure for opening of
BSBD Accounts.
 PNB Rakshak Plus Scheme
Zero Balance Salary/ Pension Account For Serving & Non- Serving Defence Personnel
Eligibility: All Defence Personnel are eligible to open salary account under the scheme i.e. all three
wings of Defence.
 PNB Rakshak Plus Scheme also includes BSF, CRPF, CISF, ITBP, State Police Force, Metro
Police (Cities which follows Police Commissionerate System- like Delhi Police, Mumbai
Police, Kolkata Police etc.), Research and Analysis Wing (RAW), Intelligence Bureau (IB),
Central Bureau of Investigation (CBI) Indian Coast Guard Personnel & Para-Military
personnel, Gentlemen cadets and Special Forces at Central & State level.
 Benefits of PNB Rakshak Plus scheme are also extended to all the pensioners who choose to
draw their pensions through PNB Branches and pension is credited through CPPC i.e.
processed & credited through our bank. Accounts where pension is received by
Cheque/NEFT/RTGS etc will not be covered under scheme

Features: The salient features of “PNB Rakshak Plus” are as under:

 Personal Accidental (Death) cover of Rs.50.00 lakh.

 Air Accident (Death) Insurance cover of Rs.100.00 lakh.
 Personal Accident (Permanent total Disability) cover of Rs.50.00 lakh.
 Sweep Facility
Initial threshold amount – Rs. 10000/-
Minimum Sweep In/Out – Rs. 1000/- Multiples of – Rs. 1000/-
 No ‘Cash Handling Charges’ would be levied for transaction(s) implying thereby that all
branches of PNB, PAN-India, would be considered as ‘Home’ branch.
 Overdraft upto last 3 months Net Salary/ Pension amounting from Rs.75000/- to Rs.3,00,000/-
lakh.
 Concession in rate of interest and service charges under Housing, Car, Education and
Personal Loan Schemes.
 Education loan under “PNB Pratibha” is available for wards of a Primary Account holder
who take admission in premier Institutes and the Army Educational institutions.
 Zero balance saving account to family members.
 Concession in locker rent - 25% Annual Maintenance Charges(AMC) waived off for three
years from date of issue
 Financial assistance of Rs. 1.00 lakh per year for 4 years or the actual expenditure whichever
is less, for education of two surviving and dependent child (Male / Female) of a PAI (Death).
 Unlimited free DDs / POs with a ceiling of Rs 50,000/- per free DD/ PO.
 Gorkha personnel can remit amount from his PNB a/c in India to their linked account in
Everest Bank Limited (EBL) at Nepal and vice-versa, free of charge.
 Free SMS Alerts for transactions in the account and on the connected Debit / Credit card(s).
 Terms and Conditions Applied
 Scheme for Providing Overdraft Facility to Pensioners
 Eligibility: Pensioners who are drawing their pension from our branches
provided the conduct of the account is satisfactory.
 Exclusions: ESI pensioners and pensioners who have availed the loan
facility against pension under our personal loan to pensioners shall not
be eligible for overdraft in the account under the scheme.
 Amount of overdraft limit: Overdraft to the extent of one month net
pension i.e., last pension credited in the pensioners account after
deductions of all other loan instalments.
 Repayment: The overdraft is to be regularized from the pension payable
for the next month.
 Overdraft Facility: A limit equal to the net monthly pension payable to
the pensioner is to be set up. The overdraft limit is to be renewed on
yearly basis.
 PNB Power Savings
 A resident individual woman can open the account under the scheme.
 Joint account can also be opened under the scheme however the first name should be of woman.
 It will be the option of the customer whether she wants to avail sweep facility or not.
 Attractive Concessions/Freebies in the Scheme.
HIGHLIGHTS FOR PNB POWER SAVINGS - PNB SF FUND ACCOUNT FOR WOMEN:

Sl.No. Particulars Freebies/Concessions In The Scheme

Rs.500/- in Rural
I. Minimum Quarterly Average Balance (QAB)
Rs.1000/- in others
Rural : Rs. 500/-
Initial Deposit/ Minimum Quarterly Average
II. Semi - Urban : Rs. 1000/-
Balance
Urban/Metro : Rs. 2000/-
III. Charges for not maintaining QAB Applicable charges
IV. Free Cheque leaves 50 cheque leaves per year
V. NEFT charges **Free
**Free one draft per month
VI. Issue of Demand Drafts
upto Rs.10,000/-
A rebate/ discount in locker rent (One small 25% concession in locker rent
VII.
locker) for first year only
Concession in respect of documentation charges
VIII. for availment of Housing Loan, Vehicle Loan (two Free
wheeler/Car) & Personal Loan
IX. Relaxation in margin and interest in loan account As applicable
X. Discount in De mat account fee 25%
XI. Issue of statement Free
XII. Issuance of debit card (Rupay) (Free) Platinum Debit Card
XIII. Domestic cash-ATM withdrawal per day 50000
XIV. Domestic shopping limit-POS- per day 1.25 lac

Terms & Conditions:

*Insurance Claim Of Rs.5.00 Lac Is Admissible If
i) The QAB in the account during the last calendar quarter remains equal to or more than Rs.25000/-
ii) Minimum one transaction on POS/E-Com during the last 90 days.
iii) Platinum Debit card should have been used within 45 days as per extant guidelines.
If customer chooses to have Classic debit card then the Personnel Accident Insurance
is restricted to Rs.1.00 lac.
iv) If customer is holding platinum debit card and has used in the last 45 days but either of condition
1 & 2 is not fulfilled then insurance claim will be restricted to Rs.2.00 lac.

**Applicable If QAB Of Minimum Rs.5000/- In The Last Quarter Is Maintained.

Further additional rewardz points if transaction is done through internet banking & mobile banking
as compared to other customers. The same are given below:

Rewards for transaction through internet banking

Transaction Reward Points For Women Proposed Maximum Point For Women
First txn through IBS 50 One time only
5 per transaction (Max
NEFT 100 points per month
20 per day)
5 per transaction (Max
RTGS 100 points per month
20 per day)
5 per transaction
IMPS 100 points per month
(Max 20 per day)
5 per transaction
Bill payment 100 points per month
(Max 20 per day)
Govt payments 20 per transaction For all transactions
IRCTC 10 per transaction 50 points per month
Credit card payment 10 per transaction 50 points per month
Opening online FD/RD 50 For all transactions
Regd for Statement
40 per account One time
through mail

Rewards for transaction through mobile banking

Transaction Reward Points For Women Maximum Points

First txn
50 One time only
through IBS
5 per transaction (Max 20
NEFT 100 points per month
per day)
5 per transaction (Max 20
RTGS 100 points per month
per day)
5 per transaction
IMPS 100 points per month
(Max 20 per day)
5 per transaction
Bill payment 100 points per month
(Max 20 per day)
 PNB SAMMAN SAVING ACCOUNTS
PARAMETERS FEATURES
Pensioner/Prospective pensioner including all
the employees retired from our bank who has
Eligibility given mandate for credit of his pension in the
account. Account will be opened preferably
jointly with spouse.
Minimum Quarterly Average Balance (Subject
to change in QAB for General saving Fund ZERO
Account)
Initial Deposit ZERO
Charges for not maintaining QAB No charges
Joint Account Only with Spouse
Nomination Allowed
Free Cheque leaves 50 cheque leaves per year
NEFT charges Free
Issue of Demand Drafts Free one draft per month- up to Rs.25,000/-
Collection of pension cheque Free
Issuance of RuPay debit card As applicable
SMS alert charges Free
Rs. 1,00,000/- or the 4 times the monthly pension
(Net of arrear, if any for this purpose, the
Overdraft facility*
incumbent to check the pension credit for the
last two months) whichever is lower.

Terms & Conditions For Overdraft Facility:

 Overdraft facilities will be given to those pensioners whose pension is being processed by our
bank through CPPC & to all employees retired from our bank and drawing pension/family
pension being processed by PF & Pension Department of Bank.
 Account should be joint account with the spouse.
 Maximum age of pensioner should be 70 years at the time of sanction of overdraft.
 Request for overdraft is to be signed by the both joint account holders.
 OD facility at interest rates applicable to Pension Overdraft loans.
 The overdraft is adjustable any time during the next twelve months. However interest is to
be served every month.
 Account must come in credit once in twelve months.
 In the event of death of spouse, pensioner to inform the bank immediately and in that case no
further overdraft is allowed in the account.
 The facility of Overdraft shall be immediately discontinued in case the overdraft remains
outstanding after the end of twelve months and applicable penal interest will be charged for
the overdue period.
 PNB MySALARY ACCOUNT
PARAMETERS FEATURES
Eligibility Regular Employees of Central Government, State Government, PSU,
Government-Semi Government Corporation, MNCs, Reputed Institutions,
Reputed Corporate, Reputed Educational Institutions etc. However, the
accounts of employees on contract basis are not eligible under the scheme.
Variants/Drawing Gross Silver Rs 10,000 & above upto Rs 25,000/-
Salary per Month/Scheme Gold Rs 25,001 & above upto Rs 75,000/-
Code Premium Rs 75,001 & above upto Rs 1,50,000/-
Platinum Rs 1,50,001 and above
Initial Deposit Zero
Minimum Quarterly Average Zero
Balance
Nomination Allowed
Overdraft Facility Primary account holder of the scheme may avail overdraft up to a last three
months’ net salary (salary credited in the account) subject to maximum
prescribed limit. The maximum amount of OD is as follows: -
VARIANTS OVERDRAFT LIMITS
SILVER Rs. 50,000/-
GOLD Rs. 1,50,000/-
PREMIUM Rs. 2,25,000/-
PLATINUM Rs. 3,00,000/-

Rate of Interest upon overdraft shall be as per Bank’s guidelines /

circular issued by HO: Integrated Risk Management Division (L&A)
from time to time.
OD limit will be sanctioned manually after obtaining signed application,
loan agreement and other documents as guidelines circulated by HO:
IRMD (L&A) / HO: RAD from time to time.
OD limit to be sanction for the period of 6 years (maximum), subject to
annual review. After completion of 5 year and six month OD limit shall
be reduced by 20%.
Fresh OD limit shall be allowed one month after adjustment of prior OD
limit.
Also OD facility is to be adjusted before retirement. 6 months prior to
retirement of employee, 20% of OD limit shall be reduced every month.
If any amount is left over the same will be adjusted from terminal dues/
benefit.
In aforesaid cases, an undertaking will be obtained from the employer
that the salary account of the customer will not be changed/ transferred
to other Banks during the currency of the loan (OD facility).

OD facility shall not available to accounts with Sweep facility.

Sweep Facility Savings Bank accounts opened / maintained under the scheme will have Sweep-
in, Sweep-out facility.
As per mandate given by primary account holder, sweep facility will be allowed
for tenor 7 days to 365 days. The Sweep out shall be after threshold deposit of
Rs. 20,000/- in salary account, in multiple of Rs 1,000/-.
Account holder will get the prevailing card rate of interest upon FFD No
interest shall be paid if FFD is broken before 7 days.
Sweep out shall be on daily basis and by default period of FFD shall be 365
days.
Personal Accidental VARIANTS PAI COVER
Insurance (PAI) Cover SILVER Rs 20.00 lakhs
GOLD Rs 20.00 lakhs
PREMIUM Rs 20.00 lakhs
PLATINUM Rs 20.00 lakhs

Bank will take insurance cover of Rs.18.00 lakh for all variants, from Insurance
Co., provided salary is being credited in the account for two consecutive months
in calendar quarter.

Remaining amount of insurance cover will be provided for use of debit card as
per extant guidelines issued from time to time by HO: DBD.

Free Cheque Leaves (Except Silver Gold Premium Platinum

for Bulk Requirement–EMIs 40 p.a. 50 p.a. 100 p.a Unlimited
payable to other (Apr – Mar) (Apr – Mar) (Apr – Mar)
Banks/FIs/NBFC)
Number of RTGS through Silver Gold Premium Platinum
salary A/c- free of cost (other 2 per month 5 per month Unlimited Unlimited
than business purpose)
Number of NEFT through Silver Gold Premium Platinum
salary A/c- free of cost (other 2 per month 5 per month Unlimited Unlimited
than business purpose)
Issue of Demand Draft (DD) Silver Gold Premium Platinum
through salary account - free 2 DD per qtr. 4 DD per qtr. Unlimited
of cost (other than business (Max amount (Max amount
purpose) of 2 drafts - of 4 drafts -
Rs.0.25 lakh) Rs.0.75 lakh)
Demat Account ilver Gold Premium Platinum
50% discount on Annual No Charges
Maintenance Charge for first
year only
Issuances of all types of No Charges
Certificates
Issuances of Debit Card Silver Gold Premium Platinum Silver
Annual Maintenance Charge RuPay RuPay Platinum Card
Classic/Plat No Charges
inum Card.
Charges as
applicable
**Documentation & Silver Gold Premium Platinum
Processing Charges on 50% Discount 100% Discount
Housing, Car & Personal
Loan (subject to minimum 3
months regular credit of
salary in the account)

Discount on locker Rent for Silver Gold Premium Platinum

the first year 25% on small 50% on small 75% on small 100% on
locker locker locker small/medium
locker
Issue of free statement in Silver Gold Premium Platinum
addition to pass book E-Statement E-Statement E-Statement No Charges
Retail Internet Banking No charges
SMS Alert No charges
Instant Credit of outstation Silver Gold Premium Platinum
cheques Upto Rs. 15,000/- Upto Rs. 25,000/-
Issuance of Credit Card No Issuance charges
subject to eligibility.
(However AMC Charges is to
be recovered)
Domestic ATM - cash Silver Gold Premium Platinum
withdrawal per day RuPay Classic Rs. 50,000/- (Applicable to RuPay Platinum Card)
Card –
Rs.25,000/-
RuPay
Platinum Card
– Rs. 50,000/-

Domestic Shopping Limit Silver Gold Premium Platinum

POS per day RuPay Classic Rs.1.25 lakh (Applicable to RuPay Platinum Card)
Card –
Rs.60,000/-
RuPay
Platinum Card
– Rs. 1.25 lakhs
Scheme Code Silver Gold Premium Platinum
SBSNR SBSGR SBSPR SBSPT

** DOCUMENTATION & PROCESSING CHARGES

In case higher discount on documentation & processing charges on housing, car & personal loan is
provided by HO: RAD during bonanza, the same will be available to the customer of this scheme.
Standard Operating Procedure (SOP)
 OD limit be allowed subject to annual review. OD facility to be adjusted before retirement, however
20% OD limit to be reduced every month before 6 months of retirement of employee. However, if
any amount is left over, the same shall be adjusted from terminal benefit.
 Identity & permanent address of the borrower-employee is to be verified through their competent
authority (employer) and shall be kept on branch record.
 Branch should verify last 6 months’ salary slip for ensuring regularity of service and ensure that
there is no loss of pay during period before allowing overdraft facility.
 An undertaking to be obtained from customer/borrower (on non-judicial stamp paper) addressed to
his/her employer for retention of salary account with financing bank/branch and not to transfer such
account to other Bank for any reason whatsoever without NOC from financing bank/ branch. A copy
of undertaking to be sent to employer by registered post and acknowledgement/receipt to be kept in
record.
 Branch should ensure recovery of interest on overdraft each month.
 Possibility of covering overdraft limit under Life Insurance be explored.
 Renewal will be allowed only in accounts where account is regular/account became irregular due to
non-renewal of facility.
 This arrangement shall remain valid for one year from date of approval of continuation of the scheme
subject to review/renewal on annual basis.
 The Overdraft facility shall be recalled, if there is no credit of salary in the account for two
consecutive months.
OTHER TERMS & CONDITIONS
 PAI will be available to first account holder only till the account remains in the eligible salary scheme
code. Thus, insurance cover will not be available in case account transferred to Saving Fund General
due to non-receipt of salary in the account.
 In case, salary is not credited in account for three months in a calendar quarter, the account will be
transferred to Saving Fund General and all freebies will be withdrawn by system.
 Insurance cover available under Debit Card will be settled separately through the concerned HO:
Division as per existing guidelines.
 The accounts converted to Saving Fund General can be considered for re- transferring to new salary
variants subject to eligibility and on the request of the customer on case to case basis at branch level.
 All other guidelines for saving accounts (other than mentioned above) as applicable from time to time
will be adhered to.
 The guidelines issued by the concerned Division for the facilities provided in the product be strictly
adhered to and the same will be applicable as issued from time to time.
 All other service charges except the relaxations given above will be levied as per Bank’s schedule of
service charges as applicable from time to time.
 PREMIUM SAVING ACCOUNT PNB BEST CUSTOMER
Features of the Scheme:
PARAMETERS FEATURES
Eligibility Individual Resident Indian > 18 years of age & <
70 years of age.
Associated with the bank for a period of not less
than 3 years.
Minimum 5 transactions (both Cr & Dr) in a
month. (This scheme shall be by invitation only
& existing customers fulfilling all the above
criteria shall be eligible for conversion of their
existing saving account to this newly launched
scheme & no fresh accounts shall be opened in
this scheme).
Minimum Quarterly Avg Balance Rs.1.00 lakh for a minimum period of 1 year
Nomination Allowed
Card Type Personalized Visa Debit Card with ‘Our Best
Customer” embossed/printed on the card.
Card Issuance Fee/ Annual Fee Nil
Cheque Book Personalized Cheque Book with ‘Our Best
Customer” embossed/printed on the cover of the
cheque book.
Cheque Book Charges Nil
RTGS/NEFT/ IMPS Online charges Free
DD/PO Issuance Charges Nil upto Rs.5.00 lakhs per month
Daily ATM Withdrawal limit Rs. 100000/-
POS Transaction Limit Rs. 100000/-
E – Commerce Limit Rs. 100000/-
SMS Alert Charges Free (Mobile Number is mandatory)
Statement of A/c (Online/Physical) Free
Passbook Personalized Passbook with ‘Our Best Customer”
embossed/printed on the cover of the passbook.
Passbook Issuance/Re-Issuance Charges Nil
Locker Charges 25 % Concession on Annual Charges (subject to
availability of locker)
Demat AMC Nil
Personal Accidental Insurance for primary Rs. 10.00 lakhs
account holder (Death + Total Permanent
Disability)
Processing Fee on Retail Loans Nil
If an account holder enters the branch and initiates
for a token through QMS, then the QMS shall
Priority in Queue Management Services (QMS)
identify the customer and shall be served on
priority.
 PNB PRATHAM SAVING ACCOUNT
PARAMETERS FEATURES
Account can be opened by Individuals (either singly or jointly) subject to
fulfilling eligibility criteria (domestic Depositors) of Reserve Bank of
Eligibility India, on compliance of “Know Your Customer(KYC) Guidelines”,
execution of Account Opening Form and completion of requisite
formalities, viz., photographs, identity and address proof, etc.
Initial Deposit Nil
Minimum Quarterly Avg Balance Rs. 1,00,000/- per quarter (Calendar Year)
QAB Non-Maintenance Penalty Freebies to be withdrawn if AQB not maintained (Next Quarter)
Nomination Allowed
Card Type RuPay Platinum International/ VISA Gold
Card Issuance Fee/ Annual Fee Nil
Cheque Book Charges Nil
RTGS/NEFT/ IMPS Online charges Free
RTGS/NEFT/ IMPS at Branch Applicable Charges
DD/PO Issuance Charges Nil upto Rs.5.00 lakhs per month
Daily ATM Withdrawal limit Rs. 100000/- for RuPay Platinum International/ VISA Gold
POS Transaction Limit/ E – Commerce Limit Rs. 200000/- for RuPay Platinum International/ VISA Gold
Free Self-cash transactions at Branch Unlimited
ATM Transaction Unlimited- Any Bank’s ATM
SMS Alert Charges Free
Debit Card Re-issuance Fee Nil
Statement of A/c (Physical) Free
Passbook Re-Issuance Charges Nil
Locker Charges 25 % Concession on Annual Charges (subject to availability of locker)
Demat AMC Nil
Processing Fee on Retail Loans Nil
Two free lounge access at domestic airports per quarter for RuPay
Lounge Access Platinum International Card holders only.
(This scheme is floated by RuPay & it is applicable as per their T&C)
PARAMETERS FEATURES
Account can be opened by Individuals (either singly or jointly) subject to
fulfilling eligibility criteria (domestic Depositors) of Reserve Bank of
Eligibility India, on compliance of “Know Your Customer(KYC) Guidelines”,
execution of Account Opening Form and completion of requisite
formalities, viz., photographs, identity and address proof, etc.
 PNB "SELECT" SAVING ACCOUNT
Sr. Parameter Features
No
1. Eligibility An Individual falling in age group between 25 years and
upto 40 years.
2. QAB Rs. 5,000/- (Rupees five thousand only)
3. Charges for Non- Charges will be applicable if the QAB is below the
Maintenance of QAB minimum QAB required to be maintained for general
saving account. Also freebies will be withdrawn if
prescribed QAB not maintained.
4. Additional Sweep Facility – Earn ROI @FD on your surplus fund
Facilities/Freebies after maintaining threshold amount of Rs. 20,000/- and in
multiples of Rs. 5,000/-.
AMC waived off for the first Demat Account only.
Charges for Issuance/Recharge of World Travel Card: Nil
Housing Loan: Offering 1.25 times of loan amount (only
for salaried class with minimum 3 years’ experience)
calculated as per the regular housing loan eligibility
method, subject to maintenance of prescribed LTV ratio*
50% discount in documentation charges of Home/ Vehicle
Loan**
15% discount in locker rent, subject to availability.
Demand Draft: Free 24 nos. p.a. with a total maximum
capping of Rs. 1.00 lakh in a year (2 DD per month)
NEFT/RTGS/IMPS : Free (Online)
Cheque Book Facility: 25 Cheque leaves.
Credit Card facility available.
Debit card***: RuPay International Platinum Debit Card
with daily maximum transaction limit of Rs. 50,000/- at
ATM for cash withdrawal & Rs. 125,000 at POS/
ecommerce(combined)
PAI (Accidental Death & Total Disability) Cover: Rs.2.00
lakh
Domestic Airport lounge access program provides access
to the participating lounges two (2) times per calendar
quarter per card and many more
5. Optional Facilities for  Avail Non- Life Insurance products offered by the various
Investment tie-up/ corporate agency arrangements of the Bank.
 Get the benefit of Life Insurance through our JV Partners.
 Systematic Investment Plan - Invest small amounts on a
monthly basis in Mutual funds from a young age.
 Avail the facility of online opening Demat Account.
To avail aforementioned products and any other facility
offered by the Bank, the customer to contact branch.
 CURRENT ACCOUNT

PNB MyBIZ PLUS CURRENT ACCOUNT (SMART BANKING CURRENT

ACCOUNT) (With or Without Sweep – In and Sweep- Out Facility)

PARAMETERS FEATURES
Current Account can be opened by Individuals (either singly or jointly),
Associations, Trusts, Partnership Firms, Proprietorship Firms, Hindu Undivided
Families (HUFs), Firms, Societies and Corporate Entities, on compliance of
Eligibility
“Know Your Customer(KYC) Guidelines”, execution of Account Opening Form
and completion of requisite formalities, viz., Balance Sheet, Article &
Memorandum of Association, photographs, identity and address proof, etc.
Purpose To cater to the diversified banking needs for any business activity.
As laid down in general guidelines, which is in accordance to the Bank’s KYC
Customer Due Diligence
Policy.
Variants SILVER GOLD DIAMOND PLATINUM
Minimum Quarterly
1,00,000 2,00,000 5,00,000 10,00,000
Average Balance
Initial Deposit
5,000
(R/SU/U/M)
Non Maintenance of QAB
Charges (Subject to 500 1000 2000 4000
change from time to time)
• For Rural & Semi – Urban Branches
Charges for non-
QAB Below Rs. 1.00 lakh : Rs. 500
maintenance of QAB
for Silver* variant of PNB
• For Urban & Metro Branches
Smart Banking Current
QAB below Rs. 1.00 lakh but = Rs. 10,000: Rs. 500
Accounts
QAB below Rs. 10,000 : Rs. 1000
Minimum Balance for
Sweep-in and Sweep-out Rs.5.00 Lakh Rs. 10.00 Lakh
facility
Sweep-in and Sweep-out
50,000
in multiples of
Tenor of Term Deposit
7 to 91 days (Amount will be swept out on 5th and 20th of every month, if there
(At applicable card rate
is holiday on these days, the next working day)
for respective bucket)
Free Cheque Leaves (per
100 200 300 600
quarter)
RTGS/NEFT Charges Free
 Upto Rs. 5 Upto Rs. 10 lakh
Upto Rs. 2 lakh per Upto Rs. 5 lakh
lakh per day per day
day per day
- -
Concession in Cash - -
Free; Free;
Deposit Charges Free; Free;
Thereafter Thereafter
Thereafter Thereafter
applicable applicable
applicable charges applicable charges
charges charges
Inter-sol transfer
Free
transaction charges
Upto Rs.5 lakh Upto Rs.10 lakh
Upto Rs.1 lakh per Upto Rs.2 lakh
per day per day
day per day
- -
Concession in Cash - -
Free; Free;
withdrawal Charges Free; Free;
Thereafter Thereafter
Thereafter Thereafter
applicable applicable
applicable charges applicable charges
charges charges
Instant credit of
outstation cheques
Maximum outstanding
Amount at any point of
time irrespective of the 15,000 20,000 50,000 1,00,000
number of cheques - after
ensuring six months of
satisfactory operation in
the account.
Free Collection of
outstation Cheque per
0.50 lac 2.00 lac 5.00 lac 10.00 lac
quarter maximum upto
per quarter per quarter per quarter per quarter
Rs.(Issued in favour of
customer)
Annual Custody Charges
for Demat Services/ Waived
NSDL (except CDSL)
15 nos
5 nos 10 nos 30 nos
Issue of Free Demand (Max. Amt.
(Max. Amt. upto (Max. Amt. upto (Max. Amt. upto
Drafts per quarter upto Rs.5.00
Rs.0.50 lakh) Rs.2.00 lakh) Rs.10.00 lakh)
lakh)
Stop Payment instruction
Free
charges

Account Statements Fortnightly Free Fortnightly Free Weekly Free Free

 50% concession
POS Machine-
Applicable Charges on Applicable Free Free
Installation Charges
Charges
POS Machine- 50% concession
Transaction / Processing Applicable Charges on Applicable Free Free
Charges Charges
Merchant Service Fee
Credit Card (Corporate/
Individuals, i.e,
Proprietor, Partners,
Promoters & Directors Free
etc.)- Joining Fee/Renewal
Fee/ Annual Fee on
Primary & Add on Card
PNB Fee Portal & Payfee Free
Fund Collection Module Free
Door Step Banking
Applicable charges Free
Services
Deposit limit
Deposit limit of
Deposit limit of of Rs.5 lakh
Rs.10 lakh per
Door Step Banking Rs.2 lakh per day per day free
day free (For
Services: Agency Charges free (For more (For more
Applicable charges more than Rs.10
(The charges are finalized than Rs.2 lakh as than Rs.5 lakh
lakh as per
by Circle Offices) per terms decided as per terms
terms decided
by CO) decided by
by CO)
CO)
Advance against clearing
25000 500000 100000 200000
/Purchase of local cheque
 Customers will open Current Account (With or without Sweep-in and Sweep-out
facility) under any variant except Non Resident Indians, Banks and financial
Institutions and Illiterate Customers and the persons incapable of directly
entering into a contract.

 Customers who do not opt to maintain prescribed QAB for availing freebies, may
open General Current Account subject to QAB and QAB charges thereof.

 If the customer does not want to avail Sweep in and Sweep out facility, the branch
will mark Auto Sweep as NO in option Flexi- Deposit Details at the time of
opening of account.
Other Terms & 
Conditions 


 General Current Account holder may opt for PNB Smart Banking Current
Account (With or Without Sweep – In and Sweep Out facility).
 The concessions/freebies under all the variants will be allowed only in the
accounts in which prescribed QAB is maintained in the previous quarter.


 However, in new accounts opened during the quarter, concessions/freebies will be
available till completion of quarter and after completion of quarter
concessions/freebies will only be allowed if the customer has maintained
prescribed average balance for the number of days i.e. date to opening of account
to last day of quarter. Subsequently, concessions will be allowed on maintaining
QAB in previous quarter.

 Rs.500/- (one time) will be charged for opting the lower variant. There is no
charge for upgrading the variant. The change in QAB to lower/higher variant will
be allowed only at the end of the quarter.

 Credit Card will be provided to the Corporate/ Individuals, i.e. Proprietor,
Partners, Promoters & Directors etc. Credit Card Application (Corporate or
Individual) will be obtained along with AOF for Current Account. However, the
Credit Card will be issued after 6 months satisfactory conduct of account.
 The customer may opt period for any number of days (from 7 to 91 days). No
interest will be paid if FD under sweep runs less than 7 days. FD will be swept in
on LIFO (Last In First Out) basis.

 At the end of quarter, interest of FFD is credited in the respective operative
current account. The total amount (Principal and interest) of FFD is credited on
due date or on premature cancellation in the related current account. Further,
the prescribed amount will be swept out into FFD as per available balance in the
account of the customer at the end of day.
PNB MyBIZ ACCOUNT (CURRENT ACCOUNT GENERAL)

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
The main features of General Current Account are as under:

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 & Maintenance Of Minimum Quarterly Average

Balance (QAB)
Current account should always be opened with a minimum initial deposit amount as
circulated by HO: IRMD from time to time.

Documents Required For Opening The Account

 Application (AOF) and Specimen signatures
 ID & Address proof as per KYC norms
 Photos
 In case of Company Memorandum & Articles of Association, Certificate of
Incorporation, Board resolution, etc.
 Related documents in case of HUF, Trust, Firms etc
 Other related documents as per RBI Guidelines
 (In case of Micro Enterprises Udyog Aadhar is not required).

Nomination Facility
Available to eligible persons as per rules

Additional Facilities
 100% integrated and computerized Network of more than 6968 Service Outlets
across the country to provide seamless banking transactions.
 Wide Network of ATMs (9838) at your service 24 hours a day.
 Free internet banking
 ATM Cum Debit card (individuals/sole proprietor account)
 Fast remittance of funds through NEFT/RTGS
 Acceptance of standing instructions, Collection of cheques
 PNB MERCHANT CURRENT ACCOUNT

PARAMETERS FEATURES

Merchants like Shopping Centers, Petrol Pumps,

Eligibility
Hospitals, Educational Institutes
Minimum Initial Deposit NIL
Average Quarterly Balance 25,000/-
QAB Non-Maintenance charges
1000/- + Service Tax
per quarter
Cheque Book Charges Free (Unlimited)
Cash deposit -Per day free Free upto Rs. 3.00 lakh per day; thereafter applicable
deposit limit charges as circulated by HO: IRMD from time to time.
Free upto Rs. 1.00 lakh per day; thereafter applicable
charges as circulated by HO: IRMD from time to time.
Cash Withdrawal
(Third party withdrawal as per extant guidelines
circulated vide HO: IAD, from time to time)
Free 24 DD in a year with a max. Capping of Rs. 5.00 lakh
DD/Pay Order
per instrument. (02 DD in a month)
RTGS Free
Free: Online;
Through branch – Per month 15 txns free beyond that
NEFT
charges will applicable as circulated by HO: IRMD from
time to time
POS (Point of Sales ) terminals / Installation Charges: NIL; subject to change from time to
Wireless POS Terminals-GPRS time.
at applicable rate. Other Charges: As per Bank’s extent guidelines.
Fee Collection Module Available
Bharat QR One Time
NIL; subject to change from to time.
Installation Charges & Rentals:
Phone Banking/Mobile Banking No Charges; subject to change from time to time.
Free
Once a Month E-statement & two Physical copies can be collected from the
statements of
Branch.
Account
· Two Balance Certificates (Duplicate copy, STD. applicable charges apply)
· 50% waiver of processing charges on Retail Loans in the name of
Proprietor, Firm or partners of the Firm and Company or Directors of the
Company.
· Waiver of AMC Charges on Demat account for 1st year in the name of
Other
Proprietor/Partnership/Firm/Company.
Features
· 20% rebate on locker Rent if locker rent is paid in advance for three years
and above in lump sum.
· Payment Gateway Solution from Bank’s authorized vendor for quick
receipt of payments from customers. NIL Annual Maintenance Charges &
One-time installation charges (Subject to change from time to time)
Note:- All other terms and conditions of as per the Bank’s extant guidelines.
 PNB ESCROW / RERA ACCOUNT SCHEME
Opening of Separate Account or Escrow Account (CA as per provision of ‘RERA’ The Real
Estate (Regulation and Development) Act, 2016

PARAMETERS FEATURES

· The Real Estate (Regulation and Development) Act, 2016 is an Act

of the Parliament of India which seeks to protect home-buyers as well as
help boost investments in the real estate industry. The bill was passed by
the Rajya Sabha on 10th March’ 2016 and by the Lok Sabha on 15th
March’ 2016. The Act was published by Ministry of Law & Justice, Govt.
of India through Gazette Notification dated 26th March’ 2016.

· The said Act has been got implemented from 1st May’ 2017. The
Real Estate Act makes it mandatory for all commercial and residential
real estate projects, where the land is over 500 square meters or eight
apartments, to register with the Real Estate Regulatory Authority
(RERA) for launching a project, in order to provide greater
transparency in project-marketing and execution.

· The said act is designed to provide uniform regulation, protect

consumer interests, help speedy adjudication of disputes, improve
accountability of developers and boost transparency. There are various
Eligibility
provision in the Act and one of the provision is that, the
promoter/developer has to maintain a `SEPARATE ACCOUNT` with a
*Scheduled Bank for every project undertaken wherein 70 percent of the
money received from the buyers shall be deposited. Such funds can only
be used for the purposes of construction and land cost.

· In order to facilitate opening of “SEPARATE ACCOUNT” by

promoters / developers in Finacle as per provision of RERA, a separate
scheme code is being customized in Finacle. In addition to normal
current account, branches shall open Escrow account separately for
Collection and Remittance. The prescribed charges shall be levied in
Escrow collection account. A promoter/developer can open project-wise
multiple accounts under this scheme using single CIF of their general
Current Account. Henceforth, a new field is being customized in Finacle
for capturing RERA registration number while opening account under
this scheme. The account shall be opened and RERA registration
number be captured in Free Text by Back Offices (COSCA).
  The account opened under RERA Scheme shall have following
restrictions:-
 No minimum balance maintenance requirement.
 No cheque book, ATM & IBS Facility.

· As per provision of RERA Act’2016, the funds withdrawn from these

SEPARATE ACCOUNT have to be utilized for the required purpose (i.e.
promoter can withdraw the amounts from separate account to cover the
cost of the project, in proportion to the percentage of completion of the
project ). Accordingly promoters/developers have to submit a request
supported with certificates from engineers, architects and chartered
accountants certifying that the withdrawal are in proportion to the
percentage of completion of the project, the amount shall be remitted
through RTGS / NEFT only. However remittance of funds, through
transfer entry be also allowed in case beneficiaries are maintaining
account with our bank.

· Since a Promoter/Developer may have launched multiple projects,

therefore, to distinguish the accounts project-wise, the title of account
shall be as under :-

Ø Collection Account- “Name of Promoter / Developer - Escrow

Collection - Name of the project”.

Ø Remittance Account- “Name of Promoter/Developer- Remittance

Account-Name of the project”.

· For creation of CIF, branches shall obtain existing OVD documents

(as defined for opening normal account as per constitution) plus
certificate of registration under RERA.
 PNB "TWIN" CA+SF ACCOUNT
Avail The Dual Benefit Of Current Account & Saving Fund
Account Under One Scheme.

Features
Sr.
Parameters
No
Current Account (CA) Saving Fund (SF)

An Individual above
1. Eligibility Individual/ Proprietorship
18 years of age
2. QAB/ Minimum Balance Rs. 50,000/- Rs. 25,000/-
Charges will be applicable for non-maintenance of QAB as
Charges for non- mentioned for general current account scheme. For non-
3.
maintenance of QAB maintenance of desired QAB of the captioned scheme,
freebies will be withdrawn.
If QAB is maintained in CA; no QAB charges in SF will be levied even if prescribed balance is not
maintained.

Additional Facilities/ In Case QAB Is

In Case QAB Is Maintained In CA
Freebies Maintained In SF

Free 50 cheque leaves

4. Cheque book Unlimited
per annum.
Unlimited; Free upto
Unlimited ; Free upto 06 times of
5. Cash Deposit 06 times of the QAB
the QAB per day
per month
Unlimited; Free upto
Unlimited; Free upto 02 times of
6. Cash Withdrawal 02 times of the QAB
the QAB maintained per day
maintained per month
Free 24 p.a. with a max. capping
of Rs. 50,000/- per instrument
7. Demand Draft Available
(Not exceeding more than 02 DDs
in a month)
Free upto 05 no. of
8. RTGS Free
RTGS in a month
 Free upto 20 no. of NEFT in a Free upto 10 no.
9. NEFT
month of NEFT in a month
In case QAB is maintained in CA only
50% discount in Annual rent only in one locker, subject to
10. Locker
availability.
11. Ledger Folio Charges Nil
Stop Payment Instruction
12. Free
charges
Account Statements
13. Free
Charges
14. Discount in HL & VL 50% discount in documentation charges*
Annual Custody Charges
15. for Demat Services/ NSDL Waived
(except CDSL)
 RuPay International Platinum Debit Card with daily
maximum transaction limit of Rs. 50,000/- at ATM for cash
withdrawal & Rs. 1,25,000 at POS/ ecommerce(combined)
 PAI (Accidental Death & Total Disability) Cover: Rs. 2.00
16. Debit Card**
lakh
 Domestic Airport lounge access program provides access to
the participating lounges two (2) times per calendar quarter
per card and many more.

*In case, any other relaxation is being offered by the bank, higher amongst the two
relaxations will prevail.

**The services provided on Debit Card are provided by NPCI and are subject to change
without prior notice.

Note: All other service charges other than the relaxations given in the proposed scheme will
be levied as per Bank`s schedule of service charges as applicable from time to time.
 PNB "Current Account-Point of Sale" Scheme
Avail the Benefit Of Current Account With Special Concessions
Under Point Of Sale Machine
Parameters Features
PNB “Vikas” Current Account PNB “Samridhi” Current Account
Tier 3 to Tier 6 cities/ North east
Target Customers Tier 1 & Tier 2 cities
states and Jammu & Kashmir
 Resident Individual
 Sole Proprietorship Firms
 Hindu Undivided Family (HUF)
Eligibility  Partnership Firms and Limited Liability Partnerships (LLPs)
 Private and Public Limited Companies and One Person Companies
(OPCs)
All other entities eligible to open Current Account
Minimum Rural-Rs.1000/-,
Quarterly average Semi-Urban-Rs.2000/- & Urban & Rs.100,000/-
Balance Metro-Rs.5000/-
Charges for Non-
Maintenance of As prescribed by Bank from time to time
QAB
Non maintenance
Freebies will be withdrawn
QAB
 RuPay International Platinum
Debit Card*.
 Daily Max Transaction limit ATM
ATM cum Debit for cash withdrawal limit-
card:- To be issued As per the eligibility. Rs.50,000/- & Rs.1,25,000/- at
to Individual POS/ ecommerce(combined)
 PAI cover-Rs.2 Lakh
 Domestic Airport lounge access
and many more.
Internet Payment No Installation charges & Annual Maintenance Charges, presently,
Gateway (IPG) subject to change from time to time.
 One Time Installation Charges & Rentals: NIL, subject to change from
Bharat QR code
time to time.
Fee collection
Charges applicable as per Banks extant guidelines.
facilities
RTGS/ NEFT/
Free in online Corporate Internet Banking
IMPS
Mobile Banking/
Free
Internet Banking
 Installation Charges:- NIL  Installation Charges:- NIL.
 Monthly Rentals:- Monthly  Monthly Rentals:- As per existing
Rentals- NIL subject to Terms and guidelines of the Bank, subject to
Conditions. change from time to time.
 Merchant Service Fees (MSF) on  MSF on Debit Card/UPI:- As per
Debit Card:- NIL. existing guidelines of the Bank,
 MSF on Credit Card & UPI subject to change from time to
transactions through POS, QR & time.
IPG:- It is based on Differential  MSF on Credit Card:- It is based
Point of Sale facility Pricing, subject to Terms and on Differential Pricing, subject to
Conditions. Terms and Conditions.
 Lost Terminal  Lost Terminal
Charges:- Rs.10,000/-. Charges:- Rs.10,000/-.
 De-installation Charges:- Out of  De-installation Charges:- Out of
pocket expenses (Bank charges) of pocket expenses (Bank charges) of
Rs.3,000/- if de-installed within 12 Rs.3,000/- if de-installed within 12
months of installation. months of installation.
 Charges on Damage:- Actual cost  Charges on Damage:- Actual cost
of terminal+Rs.500/-. of terminal+Rs.500/-.
RTGS/ NEFT - Charges applicable as per Banks Free 4 No. of NEFT & 2 No. of
Branch extant guidelines. RTGS per month
Free AMC for only one Demat Free AMC for only one Demat
DEMAT AMC account in the name of Proprietor, account in the name of Proprietor,
for first year only. for first year only.
DD/ PO Issuance Charges applicable as per Banks Free 6 DDs in a year, upto
Fee extant guidelines. Rs.10,000/- per DD only.
25 free cheque leaves per Financial 50 free cheque leaves per
Cheque book
Year and above that standard Financial Year and above that
charges
charges are applicable standard charges are applicable
  Cash Deposit:- Free upto Rs.1,00,000/- per day
Cash Handling
 Cash Withdrawal:- Free upto Rs.1,00,000/- per day
Charges
Thereafter standard charges applicable
SMS Alerts Fee Charges applicable as per Banks extant guidelines.
Account Statement
Free
through email
Bulk Upload
(Intrabank & Free
NEFT)
Credit Card Available
Car loan 25% waiver in fees in case of Car 50% waiver in fees in case of Car
documentation Loan are in the name of Loan are in the name of
charges/Processing Proprietor, any partner or Proprietor, any partner or
Fees** director of the Company. director of the Company.

*The services provided on Debit Card are provided by NPCI and are subject to change
without prior notice.

**In case, any other relaxation is being offered by the bank, higher amongst the two
relaxations will prevail.
Note: All other service charges other than the relaxations given in the proposed scheme will
be levied as per Bank`s schedule of service charges as applicable from time to time.
 TERM DEPOSITS
Annuity Term Deposit Scheme for Victims of Road Accidents

The scheme aims to facilitate the claimants of victims of road accidents to place the funds received
from Motor Tribunals as per court orders under Motor Accident Claims Annuity Deposit (MACAD)
Scheme.

The Scheme consists of Fixed Deposit product named as `Motor Accident Claims Annuity Deposit’
(MACAD) and Savings Bank named as ‘MACT Claims SB Account’.

1. Motor Accident Claims Annuity (Term) Deposit Account (MACAD)

One time lump sum amount, as decided by the Court / Tribunal,

Purpose deposited to receive the same in Equated Monthly Instalments (EMIs),
comprising a part of the principal amount as well as interest.
Eligibility Individuals including Minors through guardian in single name.
Mode Of Holding Singly
i. Maximum: No Limit
Deposit Amount ii. Minimum – Based on minimum monthly annuity Rs. 1,000/- for the
relevant period
36 to 120 months. Deposit for longer period (more than 120 months)
Tenure
will be booked as per direction of the Court.
Rate Of Interest Prevailing rate of interest as per tenure
Loan Facility No loan or advance permitted under the scheme
Nomination Available (as per directions of the court)
Premature Closure Premature closure will be made with permission of the court.
TDS Interest payment is subject to TDS as per Income Tax Rules.

1. MACT Claims Saving Bank Account:

Minimum/Maximum Balance Requirement Not applicable.

Rate Of Interest As applicable to regular Saving Bank accounts
Cheque Book / Debit Card / ATM Card/
Welcome Kit/ Internet Banking / Mobile Not allowed.
Banking Facility
 PNB Uttam - Non Callable Deposit Scheme

PARAMETERS FEATURES*
Individual (singly or jointly) with others
Minor who have attained the age of 10 years and above in his own name on giving proof of
age
Proprietorship/Partnership Firm, Commercial Organization, Company /Corporate Body
Eligibility
HINDU Undivided Family
Association, Club, a Society, Trust or Religious/Charitable or Educational Institutions
Municipality or Panchayat, Government or Quasi-Government Body.
Illiterate and blind persons can also open the account.
Deposit Amount Single deposit of above Rs.15 lakh, and thereafter in multiples of Re. 1.
For Deposit from above Rs. 15 lac to Rs. 10 Cr.-(As per rates circulated by HO: IRMD-
ALM)
Maturity Option: For any period from 91 days to 120 months.
Income Option: For any period from 6 months to 120 months.
For Deposit above Rs. 10 Cr.(As per rates advised by treasury division for DRI
rates)- Permission from HO treasury is to be obtained.
Period of Deposit
Maturity Option: For any period from 91 days to 1 Yr.
Income Option: For any period from 6 months to 1 Yr.
Interbank Deposits above Rs 10 Crore (As per rates advised by treasury division for DRI
rates)
Permission from HO treasury is to be obtained.
Maturity Option: For any period from 91 days to 1Yr.
Interest Card Rate as per guidelines issued by HO: IRMD, (ALM Cell) from time to time.
While making the deposit, a depositor shall exercise his option regarding payment of
interest on the deposit amount. It shall be indicated in each fixed deposit receipt. The
following options are available under the Scheme:
Income Option (Outflow of interest).
The interest may be paid on monthly/ quarterly/ Half Yearly/ Yearly basis.
The monthly interest will be paid at discounted value whereas the same shall be quarterly
compounded in case of half-yearly and yearly payment of interest.
Interest Option
The receipt-wise interest paid on monthly/quarterly etc. (as the case may be), will be
updated by the System.
Maturity Option (Re-investment of interest on quarterly compounding basis)
The interest shall be compounded on quarterly basis and is payable on maturity of
deposit.
The incomplete quarter of such deposit shall be reckoned at the end, for the purpose of
calculation of interest
Conversion Conversion option is not available under the scheme.
Auto Renewal No auto renewal should be allowed and auto closure should be marked in the system.
No premature withdrawal/ part withdrawal/ extension are permitted under the scheme, in
Premature Withdrawal/
any case, except In case of death of the Depositor (Single/ Joint)/ Bankruptcy/ winding up
Part Withdrawal /
/directions by court/ regulators/ receiver/liquidator, Premature withdrawal is allowed &
Extension in the period
interest to be paid shall be as per the card rate for normal deposit for the period for which
of deposit
FD has run.
Advances/Overdraft The option of Demand Loan/ Overdraft facility shall be available as per discretion of the
facility bank & the existing guidelines.
For deposits held in maturity option, the maturity value of the deposit shall be calculated
Maturity Value
by system on quarterly compounding basis.

* Other terms and conditions as per general guidelines

 PNB Recurring Deposit Scheme (E-RD):
Applicable to Internet Banking Users only.
Features:
 Applicable to Internet Banking Users only.
 For existing customer having operative saving / Current Account.
 The mode of operation, nomination & Sr. Citizen preferential rate shall remain the same
from which the recurring deposit is to be funded.
 Acceptance of terms & Conditions is mandatory prior to issue of e-RD.
 e-RD will be issued to only those wherein the valid PAN document is held in the funded
account. Tenor of Deposit would be as per respective scheme as displayed on Banks` website.
 Nomination will continue to be same as in the funded account
 Proceeds on maturity shall be credited in the account through which the term deposit was
funded.
 Parent branch to be visited for closure/pre-mature closure of e-RD account
 Rate of interest would be Card rate (LINK) as applicable to the tenor of deposit as displayed
on website, subject to change from time to time.
 Nomination facility is available..
 TDS is applicable as per rules. The Bank will issue TDS Certificate for the tax deducted.

Schemes Covered (Under E-FD)

Features: Schemes Covered (Under e-FD)
 Applicable to Internet Banking Users only.
 Customer account must be KYC compliant.
 For existing customer having operative Saving/Current Account.
 The mode of operation, nomination & Sr. Citizen preferential rate shall remain the same
from which the term deposit is to be funded.
 Acceptance of terms & Conditions is mandatory prior to issue of E-FD.
 E-FDs` will be issued to only those wherein the valid PAN document is held in the funded
account.
 Parent Branch has to be visited for loan
 Auto Renewal facility provided only for the maturity value.
 Proceeds on maturity (if no auto renewal instructions are given) shall be credited in the
account from which FD account is funded or as per mandate of the depositor.
 Tenor of Deposit would be as per respective scheme as displayed on Banks` website.
 Rate of interest would be Card rate as applicable to the tenor of deposit as displayed on
website, subject to change from time to time.
 Interest for overdue period
 Premature withdrawal facility is available through net banking.
 Nomination will continue to be same as in the funded account.
 TDS is applicable as per rules. The Bank will issue TDS Certificate for the tax deducted.
 FD Scheme for Road Accident Victims

The scheme is to facilitate the claimants of victims of road accidents to place

the funds received from the Motor Tribunal as per court orders under the
maximum interest category of Fixed Deposit.

Eligibility: Any individual/dependent (singly or jointly with others), minors of

10 years and above in his own name and below 10 years under guardianship
shall be eligible to open under the scheme provided there are Court orders in
support of the claim in his/their names.

Interest Payment: The interest may be paid on monthly basis. The monthly
interest will be paid at discounted rate.

Period of Deposit: For any period 12 months to 120 months.

Automatic Renewal: The auto renewal will be done for the period prescribed
by the court.
Interest: 1% above CARD rate of interest as applicable for normal Fixed
Deposit scheme for various Tenors.

Premature Cancellation/part withdrawal: No premature cancellation/ part

withdrawal is permitted.

Loans & advances: No loan & advances is permitted under the scheme.
 Recurring Deposit Scheme
Features:
 Individual (singly or jointly) with others.
 Minor who have attained the age of 10 years and above in his/her own
name on giving proof of age.
 Minors below the age of 10 years under guardianship of Natural/legal
guardian.
 Proprietorship/Partnership Firm, Commercial Organization, Company /
Corporate Body
 Hindu Undivided Family
 Association, Club, Society, Trust or Religious/Charitable Educational
Institutions,
 Municipality or Panchayat, Government or Quasi-Government body.
 Illiterate and blind persons can also open accounts.
 Rs. 100/- in multiples thereof with a capping on maximum amount.

Terms & Conditions:

 Period of RD - 6 months to 120 months in multiple of 1 months
 Payment of RD will be due on maturity or one month after deposit of last
installment, whichever is later. Irregular/Discontinued RD Account
 Non-deposit of pending installments till maturity date, interest will be
paid on daily products basis compounded half yearly.
 Depositing of pending installments before the maturity date, penalty will
be charged @ Rs.1.00 for Rs.100/- p.m.
 Loan/ Overdraft against deposit is available. For detail, please refer to
loan against term Deposit
 Rate of interest would be Card rate as applicable to the tenor of deposit
as displayed on website, subject to change from time to time.
 Nomination facility is available.
 TDS is applicable as per rules. The Bank will issue TDS Certificate for
the tax deducted.
 PNB Anupam Term Deposit Scheme
Brief Features Of The Product:
PARAMETERS FEATURES*
Individual(s), sole proprietorship concern, partnership firm, association, trust,
Ltd. Company etc.
Eligibility
Anupam Account shall not be opened in the name of minor, illiterate and blind
persons.
Minimum Rs.10, 000/- and in multiples of Rs.1000/- thereof with Maximum
Deposit Amount
amount of Rs.1, 99, 99,000/-.
Period of Deposit For any period from 6 months to 120 months.
Card Rate as per guidelines issued by HO: IRMD, (ALM Cell) from time to
Interest
time.
For allowing overdraft facility, a request letter as will be obtained along with
AOF for allowing overdraft facility under PNB Anupam Term Deposit Scheme
from the customer.
Overdraft facility shall be permitted through a Current Account and a Cheque
Book will be issued to the depositor on the same day. However, the actual
drawings from the overdraft account will be allowed from the account on the
subsequent day. Branch Manager may permit DP against the interest accrued
Demand on deposit also. The Drawing Power (D.P.) is to be entered through SRM which
Loan/Overdraft facility has to be done procedurally in the branches.
The adherence of margin, exercise of loaning powers and rate of interest on the
amount of overdraft against the deposit shall be governed by L&A Circulars,
issued from time to time by HO: IRMD. The formal sanction need not be
obtained separately. The attestation of AOF done by the Manager/Incumbent
Incharge may be deemed sanction of overdraft limit.
Hence, such OD facilities need not be reported/ entered in limit sanctioned
statement (LSS) and documents register.
No third party advance is allowed under Anupam Account. Even the overdraft
facility to a proprietorship firm against Term Deposit in the name of its
Third Party Advance
proprietor shall not be allowed. The title of Term Deposit and Overdraft
Account should be the same. This is to be handled procedurally in the branches.
More Term Deposits can be accepted in the same Anupam Account on obtaining
Facility of further
letter of request and the limit in the overdraft account will be increased
Term Deposits in the
accordingly against the additional deposit and it will also be endorsed in the
same Anupam Account
Receipt Form with the customer.
The guidelines in respect of renewal of Term Deposit must be adhered in terms
Renewal of Term
of Loans & Advances Circulars issued by HO: IRMD, in this regard from time
Deposit on Maturity
to time.
At the time of payment of deposit the proceeds should invariably be credited to
Maturity
OD account and should also ensure reduction/cancellation of limit
proceeds/overdue
allowed/closure of linked OD account and return of unused cheque leaves at the
deposits
time of final closure of Anupam Account by the depositor.
Period of Payment of On completed quarter basis to be credited in the month of
Interest March/June/September/ December every year.
 PNB Balika Shiksha
Eligibility
 All girls who pass class VIII from Kasturba Gandhi Balika Vidyalayas (irrespective of whether they
belong to SC/ST) and enroll for class IX in State/UT Govt., Govt. aided or local bodies schools in the
academic year 2008-09 onwards.
 All SC/ST girls who pass class VIII and enroll for class IX in State/UT Govt., Govt. aided or local body
schools in the academic year 2008-09 onwards.
 Related to (i) and (ii) above the accounts should be of unmarried girls below 16 years of age as on 31st
March on joining class IX.
Exclusions:
 Students enrolled in Private unaided schools are to be excluded.
 Students enrolled in schools run by Central Govt. are also excluded.
Terms & Conditions :
 Initial Deposit Amount NIL for opening of Savings Account. The savings account is to be opened on
receipt of a duly verified application with particular reference to the birth certificate issued by the
School Head based on enrollment record.
 Fixed Deposit Amount: Government of India would allow deposit of Rs. 3000/- in the name of eligible
girl child and she would be eligible to withdraw it on reaching 18 years of age
 Period of Deposit may be counted from the date of deposit to the date on which the girl child attains
the age of 18 years.
 Girl child receiving incentive may be entitled to draw the amount on attainment of 18 years of age.
Automatic Renewal :
Auto renewal shall be done for 30 days, until final disposal of funds only in the cases where directions are not
received from the implementing agency on or before the due date of the fixed deposit. In other cases no auto
renewal is to be allowed as the implementing agency will authorize the bank to transfer the matured amount
from Fixed Deposit account to the Savings account in the name of the girl beneficiary.
Process Of Withdrawal:
 To be eligible to draw the matured amount a pre-condition would be for the beneficiary to pass class
X Board Examination successfully.
 On attaining 18 years of age and production of (a) Xth class pass certificate and (b) a Certificate from
the Principal/Head of the School that the girl beneficiary has continued her studies for at least 2 years
after enrollment in class IX.
 The beneficiary will have to continue her study at least for 2 years in the secondary school after her
enrolment in class IX in order to avail the benefit under the scheme. The principal/head of the school
will furnish a certificate to this effect.
Loan/Advance:
 No Loan/ Advance to be allowed against these deposits.
Interest:
 CARD rate of interest as applicable for normal Fixed Deposit scheme for various Tenors.
 Premature Cancellation: No premature withdrawal will be allowed. However, in the unfortunate event
of the death of the student before attaining the age of 18 years, the amount of incentive will be
transferred to the Central Govt. accounts.
 PNB Capital Gain Account Scheme
Brief Features of The Product:
 Individuals for crediting amount from Capital gain. No joint Account.
 Deposit Minimum 7 days to 10 years.
 The account can be opened in all the branches except Rural Branches.

Terms & Conditions:

There will be two types of deposit accounts:
The deposits may be made under the provisions of Sections 54, 54B, 54D, 54F or 54G of the I.T. Act
by any depositor intending to avail benefit under the said section or sections of the Act.
There will be two types of deposit accounts:
Deposit Account-A: This account will be in the form of our existing Saving Funds Account.
Deposit Account-B: This account will be in the form of our existing Term Deposit Account
(cumulative as well as non-cumulative).

Transfer of the Account:

Both the accounts, i.e., Account-A and Account-B can be transferred from one deposit office to
another deposit office of the same Bank.
Premature withdrawal is permitted before expiry of the period for which deposit was made; rate of
interest on such deposits shall be as applicable to period for which deposit remained with deposit
office, as a penalty for pre-mature withdrawal.
 Withdrawal from the account:
 Depositor having Account-A, at any time after making initial deposit, can apply on Form `C`
with Pass Book for withdrawal of amount.
 Depositor intending to make withdrawal from his Account-B shall first get his account
transferred in his account-A.
 Withdrawal for more than Rs. 25,000/-, will be allowed through crossed demand draft.

Utilization of amount of withdrawal: At the time of any withdrawal from Account-A other than the
initial withdrawal, depositor shall furnish in Form `D`, in duplicate, the details regarding manner
and extent of utilization of amount of immediately preceding withdrawal.

Closure of Account: If a depositor desires to close his account, he shall have to apply to deposit office
on Form `G` along with the approval of the Assessing Officer with the Pass Book/Deposit Receipt.
Deposit office shall pay the amount of balance including interest accrued to depositor.

Change or alienation: Amount standing to the credit of the depositor in any account under the
Scheme shall not be offered as security for any loan or guarantee and shall not be charged or alienated
in any manner, whatsoever.
Account B Type: Interest on deposits is payable either monthly at discounted value or quarterly or
compounded quarterly (i.e., reinvestment of interest) or on the date of maturity at the option of the
depositor as applicable under particular deposit scheme.
 Interest on overdue deposit is paid as per prevalent policy of the bank from time to time.
The above product is also available under Sugam Deposit Scheme, wherein premature penalty is
waived for details please contact your branch.
 Nomination facility is available.
 TDS is applicable as per rules. The Bank will issue TDS Certificate for the tax deducted.
 PNB Multi Benefit Term Deposit Scheme
PARAMETERS FEATURES*
 Individual (singly or jointly) with others
 Minor who have attained the age of 10 years and
above in his own name on giving proof of age
 Proprietorship/Partnership Firm, Commercial
Organization, Company /Corporate Body
Hindu Undivided Family, Association, Club,
Eligibility
Society, Trust or Religious/Charitable or
Educational Institutions, Municipality or
Panchayat, Government or Quasi-Government
Body
 Illiterate and blind persons can also open the
account
The interest shall be compounded on quarterly basis and
is payable on maturity of deposit. The interest inflow in
the account shall be on every calendar quarter end i.e.
Maturity Option
31/3, 30/6, 30/9 & 31/12. The incomplete quarter of such
deposit shall be reckoned at the end, for the purpose of
calculation of interest.
Minimum deposit of Rs.100/- and thereafter in multiples
Deposit Amount of Rupee one (Re.1/-) with maximum amount of
Rs.1,99,99,999/-.
6 months to 120 months (not in less than 180 days and
Period of Deposit thereafter in months & days), even for incomplete
quarters.
Card Rate as per guidelines issued by HO: IRMD, ALM
Interest Cell from time to time. Interest is compounded quarterly
and is payable on maturity of the deposit.
Demand Loan/Overdraft Deposits for Rs.10,000/- and above on written request
facility shall be eligible for Demand Loan/overdraft facility.
* Other terms and conditions as per general guidelines
 PNB Scheme for Road Accident Victims

Eligibility
 Any individual /dependent (singly or jointly with others)
 A minor of 10 years and above in his own name otherwise under
guardianship shall be eligible to open under the scheme provided there
are Court Orders in support of the claim in his/their names.
 For 12 months to 120 months. In case honorable court directs fixed
deposit tenor of more than 120 months, the same, shall be auto renewed
if the period exceeds 120 months.

Terms & Conditions:

 Interest: 1% above CARD rate (Link)of interest as applicable for normal
Fixed Deposit scheme for various tenors.
 No loan and advances is permitted without the permission of the court.
 No premature cancellation/part withdrawal is permitted without the
permission of the court.
 It is mandatory to open a Saving Fund account wherein monthly interest
of the Fixed Deposit shall be credited.
 No cheque book is to be issued in Saving Fund Account
 Income option (out flow of interest) is available to the customer and
maturity option is not available under the scheme. The interest will be
paid on monthly basis. The monthly interest will be paid at discounted
rate.
 Nomination facility is available
 TDS is applicable as per rules. The Bank will issue TDS Certificate for
the tax deducted.
 PNB Special Recurring Deposit Product

Participation in the Scheme

The account can be opened by all Govt. Institutions, Pvt. Institutions, PSUs, Corporate
Bodies etc. The account shall be opened in the Name of the institution A/C Name of the
employee. The Institution shall open the accounts with minimum 10 Employee or 75% of the
eligible employee whichever is lower.

Deposit Amount
The amount of installments shall be minimum Rs. 10/- according to PF deductions of the
employees and may be accepted later on in multiples of Rs. 1/- thereof.

Period Of Deposit
The account shall be opened for a minimum period from 6 Months to 120 month. If the
employer requires deposit period for a longer duration i.e. more than 120 months at present,
the previous account will be closed after the full tenure i.e. 120 months and new account will
be opened for maximum period allowed as per RBI guidelines and at rate of interest
prevailing at that time.

Penalilty Clause
No penalty on missed installments.

Payment Of Interest
The interest shall be at the CARD rate applicable to term deposits below Rs. 1 Crore (Link).
Interest shall be applied at daily products basis. Interest shall be credited to the account on
half-yearly basis in the month of March/September.

Pre-Mature Withddrawal
No premature withdrawal allowed without the prior sanction or permission of the institution.

Loan/Advance
Loans and Advances may be granted and shall be governed by L&A Circulars issued by
IRMD (Credit Policy Section) HO on the subject from time to time with the prior sanction
or permission of the institution.
 Nomination facility is available.
 TDS is applicable as per rules. The Bank will issue TDS Certificate for the tax
deducted.
 PNB Special Term Deposit Scheme
PARAMETERS FEATURES*
Individual (singly or jointly) with others, Minor who
have attained the age of 10 years and above in his own
name on giving proof of age
Proprietorship/Partnership Firm, Commercial
Organization, Company /Corporate Body, Hindu
Eligibility
Undivided Family
Association, Club, Society, Trust or Religious/Charitable
or Educational Institutions, Municipality or Panchayat,
Government or Quasi-Government Body, Illiterate and
blind persons can also open the account.
Minimum deposit of Rs.100/- and thereafter in multiples
Deposit Amount of Rupee one (Re.1/-) with maximum amount of Rs.1, 99,
99,999/-.
Period of Deposit From 1 year to 10 years, even for incomplete quarters.
Card Rate as per guidelines issued by HO: IRMD, ALM
Cell from time to time.
Interest shall be payable quarterly at simple rate or
monthly at discounted rate at the option of the depositor.
No charges are to be levied on transfer of the interest
Interest amount to other branches, for credit to customer’s
deposit account or loan account. On the request of the
depositor having number of Special Term Deposits,
issued on different dates, for different periods, bank may
pay interest on all these deposits on a particular date of
the quarter.
Deposits for Rs.10, 000/- and above on written request
Demand
shall be eligible for Demand Loan/Overdraft facility.
Loan/Overdraft
The option/facility of ‘overdraft’ shall not be available in the
facility
account opened in the name of illiterate or a blind person.

* Other terms and conditions as per general guidelines

 PNB Sugam Term Deposit Scheme
PARAMETERS FEATURES*
Individual (singly or jointly) with others
Minor who have attained the age of 10 years and above in his own name on
giving proof of age
Proprietorship/Partnership Firm, Commercial Organization, Company
/Corporate Body
Eligibility
HINDU Undivided Family
Association, Club, Society, Trust or Religious/Charitable or Educational
Institutions
Municipality or Panchayat, Government or Quasi-Government Body
Illiterate and blind persons can also open the account
Minimum deposit of Rs.10000/- and thereafter in multiples of Re.1/- with
Deposit Amount
maximum amount of Rs.10.00 Crore.
Period of Deposit From 46 days to 120 months, even for incomplete quarters.
Card Rate as per guidelines issued by HO: IRMD, ALM Cell from time to
time.
If any deposit falls below Rs.2 Crores due to part withdrawal then rate as
applicable for deposits below Rs.2 Crores is to be made applicable from the
date of such withdrawal due to which the Principal amount of Sugam Deposit
reduced to below Rs.2 Crores.
It is mandatory for the user that while effecting part withdrawals under PNB
Interest
Sugam Scheme the A/c preferential Interest Credit Field has to be amended
accordingly i.e. the applicable rate on the day for the segment if migrating to
any other segment be put under A/c preferential interest credit field
invariably.
The depositor has the option to draw interest monthly/quarterly or on
maturity. Interest shall be paid on compounded basis with quarterly rests if
the period of deposit remained with the Bank is 6 months and above.
Deposits for Rs.10, 000/- and above on written request shall be eligible for
Demand
Demand Loan/overdraft facility.
Loan/Overdraft
The option/facility of ‘overdraft’ shall not be available in the account opened in
facility
the name of illiterate or a blind person.
The depositor has the facility to withdraw any amount before maturity in
multiples of Rs.1/- subject to minimum withdrawal of Rs.1000/- at a time,
whenever he needs it without breaking the entire deposit and without losing
interest on the remaining deposit under the scheme.

The value of Term Deposit Receipt (Principal amount) shall be reduced

Premature
accordingly. No penalty is to be levied in respect of the part withdrawal of
Withdrawal
deposit. If any depositor desires to withdraw the entire deposit before
maturity, no penalty will be levied and the interest rate payable would be
contractual rate or the rate under the scheme on the contractual date
applicable for the tenor for which the deposit has run, whichever is lower.
User has to modify collect penal interest flag as “N” while closing the
Account.
* Other terms and conditions as per general guidelines
 PNB Systematic Deposit Plan
Brief Features of The Product:
 Individual (singly or jointly) with others.
 Minor who have attained the age of 10 years and above in his/her own
name on giving proof of age.
 Minors below the age of 10 years under guardianship of Natural/legal
guardian.
 In this names of entities other than Individuals such as firms, clubs,
asociations, trusts, educational institutions, Municipal Corporations,
Panchayat,Govt. and quasi-Govt.bodies, Co-operative societies, religious
or charitable institutions, HUFs and Corporate etc.
 A depositor has to choose a core monthly installment with a minimum of
Rs.100/- or above with a capping on maximum amount. The monthly
installments during the tenure of the deposit account shall not exceed ten
times of such core amount in any month.

Terms & Conditions:

 6 months to 60 months.
 No Penalty for late deposit.
 Loan/ Overdraft against deposit is available. For detail, please refer to
loan against term Deposit
 Rate of interest would be Card rate as applicable to the tenor of deposit
as displayed on website, subject to change from time to time.
 Interest will be paid half yearly calculated on daily product basis.
 Nomination facility is available.
 TDS is applicable as per rules. The Bank will issue TDS Certificate for
the tax deducted.
 PNB Ordinary Term Deposit Scheme

PARAMETERS FEATURES*
Individual (singly or jointly) with others.
Minor who have attained the age of 10 years and
above in his own name on giving proof of age.
Proprietorship/Partnership Firm, Commercial
Organization, Company /Corporate Body.
Hindu Undivided Family.
Eligibility
Association, Club, Society, Trust or
Religious/Charitable or Educational Institutions.
unicipality or Panchayat, Government or Quasi-
Government Body.
lliterate and blind persons can also open the
account
The Term Deposit Ordinary (TDO) account can
be opened with a minimum deposit of Rs.100/-
Deposit Amount
and thereafter in multiples of Rupee one (Re.1/-)
with maximum amount of Rs.1,99,99,999/.
Period of Deposit For any period from 7 days to 179 days.
Card Rate as per guidelines issued by HO:
Interest
IRMD, ALM Cell, from time to time.
Deposits for Rs.10,000/- and above on written
Demand Loan /
request shall be eligible for Demand
Overdraft facility
Loan/overdraft facility.

* Other terms and conditions as per general guidelines

 PNB Varshik Aay Yojana (VAY) Deposit Scheme

PARAMETERS FEATURES*
Individual (singly or jointly) with others
Minor who have attained the age of 10 years and above in his
own name on giving proof of age
Proprietorship/Partnership Firm, Commercial Organization,
Company /Corporate Body
Eligibility Hindu Undivided Family
Association, Club, Society, Trust or Religious/Charitable or
Educational Institutions
Municipality or Panchayat, Government or Quasi-Government
Body
Illiterate and blind persons can also open the account.
Minimum deposit of Rs.10, 000/- and in multiples of Rs. 1000
Deposit Amount
there of upto Rs. 1, 99, 99,000/-
Deposit will be accepted for 24, 36, 48, 60, 72, 84, 96, 108 & 120
Period of Deposit
months only at the option of the depositor
Card Rate as per guidelines issued by HO: IRMD, (ALM Cell)
from time to time. Interest shall be paid at simple rate either at
Interest
the time of maturity or at quarterly intervals, as the case
applicable.
Deposits for Rs.10, 000/- and above on written request shall be
eligible for Demand Loan/overdraft facility. The depositors in
need of overdraft facility, the same shall be permitted to avail
the facility through an Overdraft Account and a Cheque Book
will be issued to the depositor on the same day. However, the
Demand
actual drawings from the overdraft account will be allowed from
Loan/Overdraft
the account on the subsequent day in case an Term deposit has
Facility
been issued on the date on which the OD facility is sought.
Other terms & conditions issued by HO: Integrated Risk
Management Division L&A Circulars, from time to time.
The option/facility of ‘overdraft’ shall not be available in the
account opened in the name of illiterate or a blind person.

* Other terms and conditions as per general guidelines

 PNB Tax Shield Fixed Deposit Scheme
PARAMETERS FEATURES*
Individuals, including illiterate, blind persons and joint account.
The joint holder deposit receipt may be issued jointly to two adults or jointly
to an adult and a minor, and payable to either of the holders or to the
Eligibility survivor. However, in the case of joint holder deposit, the deduction from
income under section 80C of the Act shall be available only to the first holder
of the deposit.
Hindu Undivided family (HUF)
Minimum deposit of Rs. 100/- or in multiples thereof, subject to maximum
deposit of Rs. 1.50 Lakh per financial year only.
Deposit Amount A declaration from the depositor(s), as per ANNEXURE-B, to be obtained at
the time of opening of Account, under the Scheme and annexed with AOF of
the depositor only.
The tenure of term deposit shall be of 5 years only. Lock in Period: 5 year. No
Period of Deposit
auto-renewal.
While opening the Term Deposit Accounts, depositors (s) shall give one of the
following options:
Income Option (Outflow of Interest):
The interest may be paid on monthly/quarterly/half yearly/yearly basis. The
payment of interest on quarterly basis shall be made on simple rate of
interest. The monthly interest will be paid at discounted value, whereas, the
Interest Options
same shall be quarterly compounded in case of half-yearly and yearly
payment of interest.
Maturity Option (Re-Invested Interest):
The interest shall be compounded on quarterly basis and will be payable on
maturity of deposit only. The incomplete quarter of such deposit shall be
reckoned at the end, for the purpose of calculation of interest.
Card Rate as per guidelines issued by IRMD, (ALM) HO: from time to time.
In case of Senior citizen, 0.50% additional interest (Subject to change as per
bank guidelines from time to time)and in case of staff member, 1%
additional interest shall be paid over and above the Interest applicable to the
scheme, inclusive of additional interest payable to Sr. Citizen under the
Rate of Interest Scheme.
Explanation: In case of staff members as well as retired staff members who
are also senior citizen, maximum rate of interest to be allowed shall be 1%
over and above the interest applicable under the scheme.
The payment of interest shall be made as per the option declared by the
depositors at the time of making the deposit.
The term deposit receipt issued under the scheme shall bear the name,
address, Permanent Account Number (PAN) and signature of the depositor.
A rubber stamp bearing - Name of the Scheme & Permanent Account
Issue of term deposit
Number (PAN) of the depositor be affixed on the existing AOF’s.
receipt
The term deposit receipt shall be issued to the depositor only, when he/she
has himself/herself requested the branch on the prescribed form of the Bank
and signed on the FDR/ FDRs in the presence of Bank’s official.
 The term deposit receipt issued under the scheme shall NOT be lien/pledged
to secure a loan or as security to any other loan.No advance to be sanctioned
Loan/Advance under captioned scheme. Other terms & condition as per L&A Circulars
issued on the subject from time to time.PNB Tax Saver- Fixed Deposit will
not be accepted as Collateral security.
If a term deposit receipt is lost, stolen, destroyed, mutilated or defaced, the
depositor/depositors entitled thereto, shall apply to the issuing branch with
full particulars, such as account number, amount and date of the receipt, and
the circumstance attending such loss, theft, destruction, mutilation or
defacement, for the issue of a duplicate receipt.
Incumbent In-charge shall allow for issuance of duplicate receipt to the
applicant furnishing an indemnity bond in the Bank’s prescribed form with
one or more sureties, acceptable to the Bank or with a bank guarantee as per
the case, after verification of complete incident of such loss, theft,
destruction, mutilation or defacement of the receipt.
Replacement of lost
If the face value or the aggregate face value of the receipt or receipts
or destroyed Term
mentioned above is five hundred rupees or less, a duplicate receipt or
Deposit Receipts
receipts can be issued to the depositor, furnishing an indemnity bond without
any surety or guarantee.
A duplicate receipt can also be issued without any such indemnity bond,
surety or guarantee, if the receipt mutilated or defaced is surrendered and
the receipt is capable of being identified as the one originally issued by the
branch.
A duplicate receipt issued under paragraph (2) shall be treated as equivalent
to the original receipt for all the purposes of this scheme except that it shall
not be en-cashable at a branch other than the branch at which such receipt is
issued, without proper verification.
Premature cancellation/ part withdrawal before the lock of period 5 years is
Premature not allowed.
withdrawal / Part However, in case of death of the depositor before the maturity of term
withdrawal deposit, levy of penalty would be exempted and nominee/legal heir will be
allowed premature payment even before the lock-in-period as per rules.
If a holder of term deposit dies and there is no nomination in force at the
Payment to legal
time of his death, Incumbents of the branch from where the term deposit was
heirs
issued, shall pay the sum due to the deceased, to his legal heirs as per rules.
Interest on these term deposits shall be liable to tax under the Income tax
Act, on the basis of annual accrual or receipt, depending upon the method of
Income tax accounting followed by the depositors.
deductable at source The tax on such interest shall be deducted in accordance with the provisions
of Income Tax Act. All these guidelines shall be subject to any modification
as circularized by HO from time to time.

* Other terms and conditions as per general guidelines

 PNB PRANAM FIXED DEPOSIT SCHEME

PARAMETERS FEATURES*
55 & 55+ Individuals (singly or jointly) with others. In case of joint deposit, the
prospective Senior Citizen has to be first holder of the term deposit.
55 & 55+ Illiterate and blind persons can also open the account.
The Scheme shall be applicable for the age of 55 years and above and up to 60
years.
At the time of opening of a term deposit account under the scheme, Branch shall
verify the age by submission of any of the following documents. This would also
apply for term deposit accounts opened by our existing customers-
Secondary School leaving Certificate indicating date of birth.
Eligibility LIC Policy
Voters Identity Card
Pension Payment Order, if applicable
Birth Certificate issued by the competent authority.
Passport
Driving License
PAN number
Any other documentary proof to the satisfaction of the Branch Manager.
UID
The verification is to be done at the branch level
Minimum deposit of Rs.100/- and thereafter in multiples of Rupee one (Re.1/-)
Deposit Amount
with maximum amount of Rs.1,99, 99,999/-
Income option
For any period with minimum of 1 year to maximum of 10 years, but the period
of deposit under this option shall be in complete months/quarters as opted by
the depositor i.e. for monthly option the period can be 61 months, 74 months
etc. and for quarterly option the period can be 48 months, 60 months, 63
months etc.
Period of Deposit Maturity option
For any period with minimum of 1 year to maximum of 10 years, even for
incomplete quarters, such as, 63 months, 74 months, 77 months & 16 days and
so on.
However, it is mandatory that during the tenor of deposit, under both the
options, the account holder must attain the status of Senior Citizen i.e. the age
of 60 years.
Card Rate as per guidelines issued by HO: IRMD, (ALM) from time to time
plus additional rate of 0.50% (or as circulated by HO: IRMD – ALM from time
Interest
to time)as applicable to Senior Citizens from the date of attaining the status of
Senior Citizen i.e. attaining the age of 60 years.
 Income option (Monthly/ Quarterly)
Interest shall be payable quarterly at simple rate of interest or monthly at
discounted rate as per the option of the depositor. No charges are to be levied on
transfer of the interest amount to a/cs with our other branches, for credit to
customer’s deposit account or loan account. On the request of the depositor
having number of Special Term Deposits, issued on different dates, for different
Interest Option periods, bank may pay interest on all these deposits on a particular date of the
quarter as per the mandate of the depositor.
Maturity Option (Re-investment of interest on quarterly compounding basis)
The interest shall be compounded on quarterly basis and is payable on maturity
of deposit. The interest inflow in the account shall be on every calendar quarter
end i.e. 31/3, 30/6, 30/9 & 31/12.The incomplete quarter of such deposit shall be
reckoned at the end, for the purpose of calculation of interest.
If any depositor desires to withdraw the deposit before maturity, Bank may at
its discretion repay the deposit with up to date interest. The interest rate
Premature payable would be contractual rate or the rate applicable for the period for
Withdrawal of deposit which the deposit has run, whichever is lower. However, no penalty will be
levied for premature withdrawal of deposit in case it is closed prematurely after
attaining status of Senior Citizen.
Deposits for Rs.10, 000/- and above on written request shall be eligible for
Demand Loan/overdraft facility. The depositors in need of overdraft facility, the
same shall be permitted to avail the facility through an Overdraft Account and
a Cheque Book will be issued to the depositor on the same day. However, the
actual drawings from the overdraft account will be allowed from the account on
the subsequent day in case a Term Deposit has been issued on the date on which
Demand Loan/
the OD facility is sought. The rate of interest chargeable on loan/overdraft
Overdraft
against the term deposit would be modified simultaneously from the date of
additional interest of 0.5% is applied.
The guidelines issued by Integrated Risk Management Division (IRMD) shall
also be adhered while providing Loan/overdraft facility.
The option/facility of ‘overdraft’ shall not be available in the account opened in the
name of illiterate or a blind person.
 Maturity option:
In case the depositor attains Senior Citizen status during the tenor of the
deposit, the maturity value depicted on the term deposit receipt shall be the
value based on the master chart circulated for Rs.100/- on quarterly
compounding basis (applicable CARD rate) inclusive of the additional interest
as applicable to Sr. Citizen (presently 0.50%) permitted on attainment of Senior
Citizen status i.e. the age of 60 years. This is mandatory in terms of IBA code
for Banking Practice & BCSBI which states that bank shall mention the
maturity value in case of reinvestment deposits. The incentive of additional
interest as applicable to Senior Citizen shall be permitted by the system only
Values under
when the depositor attains 60 years of age. In case the incentive is altered in the
different option
interregnum, the same would be made applicable for the remaining part of the
tenor.
Income option:
In case where the depositor has not attained Senior Citizen status on the date of
opening but shall do so during the tenor of the deposit, the monthly/quarterly
interest will automatically change on the day the depositor attains Senior
Citizen status. The incentive of additional interest as applicable to Senior
Citizen shall be permitted by the system only when the depositor attains 60
years of age. In case the incentive is altered in the interregnum, the same would
be made applicable for the remaining part of the tenor.
The depositor shall maintain an operative Saving Fund Account/Current
Account with the bank wherever required.
Entering date of birth of the depositor(s) is mandatory.
In case of death of prospective senior citizen before attaining the status of
Senior citizen, additional benefit of 0.50% will not be applicable.
To give the benefit of the Scheme to existing prospective Senior Citizen holding
term deposit accounts, a notice is to be displayed in the branch premises,
advising the depositor that in case they wish to switch over to the new scheme,
they may submit request in this regard along with proof of age. In such cases,
the old term deposit may be cancelled prematurely, without levy of penal
charges.
It has to be ensured that while issuing the confirmation of deposit (CD) to the
Miscellaneous
depositor the rate of interest mentioned shall be the rate applicable on the date. A
rubber stamp is to be affixed on the confirmation of deposit that the additional rate of
interest shall be applicable from the date of attaining the Sr. Citizens status. The
Maturity value mentioned on the CD is inclusive of the applicable additional rate of
interest subject to any change in additional rate of interest as decided by the bank
from time to time.
FORMAT OF RUBBER STAMP TO BE AFFIXED ON CD
“The additional rate of interest shall be applicable from the date of attaining the
Sr. Citizens status. The Maturity value mentioned on the confirmation of
deposit (CD) is inclusive of the applicable additional rate of interest for Senior
Citizens subject to any change in additional rate of interest as decided by the
bank from time to time”.
 PNB Mibor Linked Notice Deposit Scheme
PARAMETERS FEATURES*
Scheme provides a deposit product with a Market determined interest
Objective rate linked to MIBOR (Mumbai Inter Bank Offer Rate) NSE
Overnight.
Applicability Applicable in CBS branches of METRO Cities only.
High Net worth Individuals (HNIs), Company/Corporate Body, Public
Eligibility
Sector Undertakings and Commercial Organization.
Single deposit of above Rs.10.00 crore, and thereafter in multiples of
Re. 1.
Once the spread is quoted for the day, there should not be any limit for
Deposit Amount
acceptance of deposit under the scheme. However, based on the fund
position, next day’s spread will be quoted by HO: Treasury Division
No deposit will be taken on reporting Fridays?
Period of Deposit Minimum 7 days to maximum 60 days.
To be decided by Treasury Division-HO linked to MIBOR (NSE
Overnight) with an upper cap, with daily reset (simple interest).
Upper cap to be reviewed by HO: Treasury Division, in consultation
with ALCO on quarterly basis.
Rate of Interest
HO: Treasury Division will give spread (either plus or minus) over
MIBOR on daily basis along with other rates of bulk deposits. NSE
MIBOR will be fixed at 10 A.M. daily. Hence, Treasury Division will
give previous day MIBOR fixing along with bulk deposit rates.
Premature Payment/ No penalty for Premature/ Part Withdrawal, however, one clear
Part Withdrawal working day notice required for withdrawal of funds.
The prevailing rate of interest linked with Benchmark rate applicable
on the date of opening of the MIBOR Linked FD will be mentioned in
the field meant for the purpose in the FD receipt. In the column of
Issuance of FDR
Maturity value a rubber stamp shall be put on the FD receipt/
acknowledgement stating Maturity value will be calculated on the basis
of rate of interest on daily basis (simple interest).
The auto renewal of the fixed deposit shall be carried out by the system
on maturity under this scheme itself, where customer has not given any
instruction to the contrary. The FDR shall be auto renewed for 14 days
Auto Renewal only, under the scheme only. The auto renewal period to be modified at
the instance of the customer subject to the minimum or maximum
period of the scheme. The FD shall continue to be auto renewed for 14
days only till such time instructions to the contrary are received.
Demand Loan/ OD
Not available
Facility
As per instructions issued by HO: Finance Division from time to time.
Tax Deduction at
The tax due must be deducted at source as per mandate of the
source
depositor.
Any clarification/information in respect of the scheme shall be obtained
Other issue
from HO: RBD (Resources) & Treasury Division only.
 PNB Floating Rate Fixed Deposit Scheme

PARAMETERS FEATURES*
Individual (singly or jointly) with others
Minor who have attained the age of 10 years and above in his own name on giving proof of age
Proprietorship/Partnership Firm, Commercial Organization, Company /Corporate Body
Eligibility
Hindu Undivided Family
Association, Club, Society, Trust or Religious/Charitable or Educational Institutions
Municipality or Panchayat, Government or Quasi-Government Body
Minimum deposit of Rs.1000/- or in multiple thereof. However, acceptance of FDRs of above
Deposit Amount
Rs.10 crore shall be strictly subject to approval by Treasury Division, HO.
Period of Deposit From 07 days to maximum 10 years, even for incomplete quarters.
As the rate of interest payable on the FD made under the ‘scheme’ may change during the
currency of FD, the rate of interest payable till the maturity of FD and maturity value cannot
be pre calculated.
Issue of
However, rate of interest and maturity value as per the relevant rate applicable on the date of
confirmation of
making the FD will be mentioned in the field meant for the purposes in the confirmation of
Deposit
deposit, with explanatory note “Subject to change in the rate of interest from time to time
during currency of the FD”. A rubber stamp bearing the name of the scheme and explanatory
note stated above be invariably affixed on the confirmation of deposit.
Depositors will be eligible for taking Demand Loan/Overdraft facility, as per bank scheme,
against the FD made under the ‘scheme’. However, for taking Overdraft facility, the FD should
be for a minimum of Rs. 10000/.
The facility as per (i) above can be allowed on written request made by the depositor on
completion of Bank’s formalities, as circulated by HO: IRMD under the scheme ‘Advances
Against Bank’s Deposit’.
Demand
Loan/Advances and margin requirements on Loan or advance against Fixed Deposit shall be
Loan/Overdraft
automatically changed as per the scheme mentioned above depending upon the Circulars
facility
issued from time to time by HO: Integrated Risk Management Division.
On maturity, the loan/OD liability may be adjusted from the proceeds of FD and residual
proceeds may be accounted for as per depositors’ mandate, if any. In absence of mandate, the
proceeds will remain in ‘Overdue’ category.
The facility of ‘overdraft’ shall not be available in the account opened in the name of illiterate
or a blind person.
If any depositor desires to withdraw the deposit before maturity, Bank may at its discretion
repay the deposit with up to date interest. In such cases, following guidelines will be followed:
Term deposits of up to Rs.10 Crore:
Where deposit remains with the bank up to 5 years, interest payable will be 1% minus the
rate that remained effective from time to time for the period FD has actually run.
Where deposit remains with the bank above 5 years, interest payable will be 0.5% minus the
rate that remained effective from time to time for the period FD has actually run.
Premature Term deposits of above Rs.10 Crore
Withdrawal (For accepting deposits of above Rs.10 Crore, prior approval of HO: Treasury Division is
required)
In case of pre-mature cancellation of FD of above Rs.10 crore, rate of interest that remained
effective from time to time for the period FD has actually run will be paid, without making any
reduction.
Note: - FDRs under DRI shall not be issued under this scheme.
Staff members, Senior citizens and instances of death of the depositors before maturity, would
continue to be exempted from the levy of penal interest.
* Other terms and conditions as per general guidelines
 PNB GROWTH FIXED DEPOSIT SCHEME
PARAMETERS FEATURES*
Individual (singly or jointly) with others
Minor who have attained the age of 10 years and above in his own
name on giving proof of age
Proprietorship/Partnership Firm, Commercial Organization,
Eligibility Company /Corporate Body, Hindu Undivided Family
Association, Club, Society, Trust or Religious/Charitable or
Educational Institutions, Municipality or Panchayat, Government or
Quasi-Government Body
Illiterate and blind persons can also open the account
Single deposit of minimum Rs. 2.00 Crore, and thereafter in multiples
Deposit Amount
of Re 1 and maximum up to Rs. 10.00 crore.
Maturity Option
Period of
For any period from 7 days to 120 months. Income Option
Deposit
For any period from 6 months to 120 months.
Card Rate as per guidelines issued by HO: IRMD, (ALM Cell) from
Interest
time to time.
While making the deposit, a depositor shall exercise his option
regarding payment/ re-investment of interest on the deposit amount.
The following options are available under the Scheme:
Income Option
The interest may be paid on monthly/quarterly or on maturity of
the deposit.
The monthly interest will be paid at discounted value whereas the
Interest Option same shall be quarterly compounded in case of half-yearly and yearly
payment of interest.
Maturity Option (Re-investment of interest on quarterly compounding
basis)
Interest shall be compounded on quarterly basis and is payable on
maturity of deposit.
The incomplete quarter of such deposit shall be reckoned at the end,
for the purpose of calculation of interest
The conversion will be allowed provided:
The fixed deposit receipt has been issued for a period of 12 months or
more and remaining period of the FD till maturity is 6 months and
above.
In case the depositor desires to exercise the option of conversion
Conversion/
before maturity, Incumbent Incharge on the request from the
Change in
depositor can allow conversion provided the depositor agrees to
Option
continue the deposit with the Bank, for a term longer than the
remaining period of the original contract. In such cases of conversion,
the remaining period of the fixed deposit should be six months or
above this period.
Conversion of the deposit may be effected only from the date on which
 the conversion is sought for by the Depositor, (and not from any
retrospective date), without invoking penal provision.
The rate of interest up to the date of conversion, shall be the rate
applicable for the period as operative under the scheme on the date of
deposit, during which the deposit remained with the Bank up to the
date of conversion and in respect of the period thereafter, at the rate
of interest applicable under the scheme on the date of conversion for
the period equal to the period of conversion.
Interest accrued, if any, up to the date of conversion may be paid and
excess payment of interest, if any, should be recovered from the party,
before complying with his instructions.
Procedure: The under noted procedure will be followed while allowing
conversion.
The existing deposit receipt should be cancelled and filed with the
relative voucher and a new one be issued, in lieu thereof with the
inscription “converted into Maturity Modality/Income Modality (as
the case may be) in lieu of Fixed Deposit Account No. ______ dated
_______ for Rs. ________ @ _________ for ________ months. Interest
accrued up to ______Rs. ________ Rupees (in words) paid on
________.”
For the purpose of subsidiary general ledger, a day book voucher will
be passed.
This facility would be available only under MATURITY OPTION, i.e.,
the Depositors who have exercised the option of being paid the
proceeds of their FDR on the date of maturity as compared to
periodical payment of interest. The depositor shall have free access to
deposit, and can withdraw any amount (but core amount of
minimum Rs 2 Crore shall be maintained in the account) in multiples
of Rs.1, 00,000/- before maturity without breaking the entire deposit
without any loss of interest on the remaining deposit, which shall
Part continue to get interest as agreed at the time of making the deposit.
Withdrawal The principal value of the FDR shall be reduced accordingly.
The rate of interest in respect of deposit withdrawn before maturity
shall be the interest rate payable on contractual rate under the
scheme minus 1% OR the rate under the scheme on the contractual
date applicable for the tenor for which the deposit has actually
run minus 1%,whichever is lower. In all such cases, interest up to
completed quarters shall be paid on compounded basis with quarterly
rests and on simple basis for incomplete quarter up to the date of
payment, for the period for which the deposit remained with the Bank.
Advances/ As per extant guidelines issued by HO: IRMD will be available.
Overdraft However, the facility of overdraft/loan shall not be available in the
Facility account opened in the name of minor.
* Other terms and conditions as per general guidelines
 PNB BULK FIXED DEPOSIT SCHEME
PARAMETERS FEATURES*
Individual (singly or jointly) with others
Minor who have attained the age of 10 years and above in his own name on giving
proof of age
Proprietorship/Partnership Firm, Commercial Organization, Company,
Eligibility
Corporate Body, Hindu Undivided Family, Association, Club, Society, Trust or
Religious/Charitable or Educational Institutions, Municipality or Panchayat,
Government or Quasi-Government Body
Illiterate and blind persons can also open the account.
Single deposit of above Rs.10.00 crore, and thereafter in multiples of Re. 1
Single Interbank Deposit of Rs 2 crore& above
Single NRE & NRO Term Deposits of above Rs 10 crore
Single FCNR (B) deposit of 1 Mio and above for USD,GBP & EUR currency
Deposit Amount Branches are required to take prior approval from Circle Heads for accepting, a
single domestic fixed deposits of above Rs.10 Crore whether fresh or renewal.
Circle Heads in turn, would seek permission for such deposits from HO:
Treasury Division.
All, references in respect of interest shall be dealt with by HO: Treasury Division.
Maturity Option:
Period of Deposit For any period from 7 days to 120 months. Income Option:
For any period from 6 months to 120 months.
While making the deposit, a depositor shall exercise his option regarding
payment/or re-investment of interest on the deposit amount. The following
options are available under the Scheme:
Income Option
The interest may be paid on monthly/quarterly or on maturity of thedeposit.
The monthly interest will be paid at discounted value whereas the same shall be
quarterly compounded in case of half-yearly and yearly payment of interest.
Interest Option
The receipt-wise interest paid on monthly/ quarterly (as the case may be) will be
updated by the system.
Maturity Option (Re-investment of interest on quarterly compounding basis)
Interest shall be compounded on quarterly basis and is payable on maturity of
deposit.
The incomplete quarter of such deposit shall be reckoned at the end, forthe
purpose of calculation of interest
Conversion/ Change
No Conversion allowed
in Option
Auto Renewal Not allowed
Premature Renewal/
Not allowed
Extension
Part Withdrawal Not allowed
The extant guidelines issued by HO: IRMD will be applicable. For all
Advances/ Overdraft withdrawals over Rs 25 Crore guidelines of prior information of HO: Treasury
Facility Division shall continue regularly. However, the option/facility of overdraft/loan
shall not be available in the account opened in the name of minor.
For deposits held in maturity option, the maturity value of the deposit shall be
calculated by system on quarterly compounding basis. However, in income
Maturity Value
option, interest shall be payable quarterly on simple rate or monthly at
discounted rate at the option of the depositor.
Any clarification/information in respect of the scheme shall be obtained from
Other issue
HO: Treasury Division only.
* Other terms and conditions as per general guidelines
 PNB NRE RUPEE SUGAM TERM DEPOSIT SCHEME

PARAMETERS FEATURES*
Eligibility NRIs – Individuals in Single or Joint capacity.
Deposit Amount Minimum-Rs. 10000/- ; Maximum: no limit.
Period of Deposit Minimum one year and maximum 10 years.
The rate of interest shall be Card Rate payable on NRE term deposits for
Rate of Interest different maturities in accordance with the circulars issued by the Bank
from time to time.
If any depositor desires to withdraw a part of the deposit before maturity,
Bank will repay the deposit. The deposit so withdrawn will earn interest
as ruling on the date of deposit and as applicable for the period, it has
already run. Further, if the part-amount desired to be withdrawn did not
run for the minimum stipulated maturity slab (viz. one year, at present),
Premature/ Part
under the NRE Term Deposit, no interest will be paid on the withdrawn
Withdrawal
amount.
No penalty shall be levied for part / full withdrawal of the deposit before
maturity on the similar lines of Domestic Sugam Deposit Product. The
remaining amount of deposit will continue to fetch the rate of interest
contracted / stipulated at the time of acceptance of the same.
The depositor may withdraw any amount before maturity in multiples of
Rs. 1,000/- any time according to his convenience without breaking the
entire deposit and also without losing interest on remaining part of Fixed
Withdrawable
Deposit under the Scheme. However, residual amount should not go below
Amount
Rs. 10,000/- after part withdrawal similar to our domestic Sugam TD. At
the time of withdrawal of desired amount before maturity any time, the
amount should be credited to the NRE/NRO account of the depositor.
The remaining amount of deposit will be renewed as per customer’s
Renewal of Term
request, on the due date. The facility of auto renewal as per depositor’s
deposit
mandate is available in the scheme.
Compounding of The deposits will earn interest with quarterly rests, as per prevailing RBI
Interest Directives, which are subject to change from time to time.
Income Option:
The depositor has the option to draw interest on Monthly/Quarterly basis.
However the interest will only be credited in the NRE/NRO saving
account. In case the deposit is withdrawn before one year, the interest
paid will be recovered from the principal as no interest is payable in such
Payment of Interest
cases.
Reinvestment/ Maturity Option:
The Interest calculated as per quarterly compounding may be credited to
the depositor’s Term Deposit account as on the end of each calendar
quarter if the deposit remained with the Bank for one year and above.
* Other terms and conditions as per general guidelines
 PNB NRO SUGAM TERM DEPOSIT SCHEME

PARAMETERS FEATURES*
Any Non-resident Indian (NRI) or person of Indian origin can open NRO Sugam
Term Deposit account. The account should be opened by the non-resident account
holder himself and not by the holder of power of attorney in India.
Eligibility NRO Accounts cannot be opened in the name of Overseas Corporate Bodies
(OCBs).
Extant guidelines in respect of opening of NRO accounts by NRIs/ PIOs have been
circulated by HO: IBD vide FEX Circular No. 50/2017 dated 22.12.2017.
The account may be held jointly with residents and/or with non-residents.
Joint Accounts
The account may be held jointly with residents on ‘former or survivor’ basis only.
Branches are advised to obtain account opening form for opening Non-Resident
Ordinary Sugam Term Deposit Account. No separate form is required for
different deposit schemes of bank as this form takes care of all the deposit schemes
as well as FEMA requirements for opening Non-Resident Ordinary accounts. The
AOF is also available at Bank’s website / E-circular site.
Account Opening Further, while opening accounts procedural guidelines for KYC norms, money
Form laundering and Politically Exposed Persons (PEP) may be kept in mind.
Photocopies of passport and Visa/Resident permit may be obtained and kept on
record.
Account Opening Forms relating to Non-Resident Ordinary Sugam Term Deposit
Account should also be kept in a separate file and under no circumstances; these
should be kept with resident Account Opening Forms.
Nomination is allowed in Non-Resident Ordinary Sugam Term Deposit Account in
favour of a Resident or Non-Resident. It is essential to ensure that NRIs open
accounts with such facilities as otherwise the survivors/heirs have to face the
Nomination problems of having to produce valid legal representation to claim the amounts on
the death of account holder. Such legal representation obviously involves lot of
time and effort on the part of NRIs which need to be avoided to facilitate smooth
investments by Non Resident Indians.
At present any income earned by way of interest on deposits in the name of
Tax Liabilities individuals is liable of deduction of tax as per the rules prescribed by the Central
Board of Direct Taxes.
Minimum deposit of Rs.10,000/- and thereafter in multiples of Re.1/- with a
Deposit Amount
maximum amount of Rs.10.00 Crore.
For any period from 46 days to 120 months, even for incomplete quarters, such as,
Period of Deposit
13 months, 14 months, 37 months & 16 days and so on.
Card Rate as per guidelines issued by HO: IRMD, (ALM) from time to time.
If any deposit falls below Rs.2 Crore due to partial withdrawal then rate as
applicable for deposits below Rs.2 Crore is to be made applicable from the date of
such withdrawal due to which the Principal amount of Sugam Deposit reduced to
below Rs.2 Crore.
Interest
It is mandatory for the user that while effecting part withdrawals under PNB
Sugam Scheme the A/C preferential Interest Credit Field has to be amended
accordingly i.e. the applicable rate on the day for the segment if migrating to any
other segment be put under A/C preferential interest credit field invariably.
The depositor has the option to draw interest monthly/quarterly or on maturity.
 Interest shall be paid on compounded basis with quarterly rests if the period of
deposit remained with the Bank is 6 months and above.
No additional interest shall be paid on NRO deposits in the name of members of
staff (Existing or retired) or Senior Citizen.
Further the additional rate of interest applicable on domestic deposits accepted
from senior citizens is not applicable for NRO deposits.
The depositor has the facility to withdraw any amount before maturity in
multiples of Rs.1000/- any time whenever the customer needs it without breaking
the entire deposit and without losing interest on the remaining deposit under the
scheme. The value of Term Deposit Receipt (Principal amount) shall be reduced
accordingly. No penalty to be levied in respect of the part withdrawal of deposit in
Premature
multiples of Rs.1000/- before maturity. However, if any depositor desires to
Withdrawal
withdraw the entire deposit before maturity, no penalty will be levied and the
interest rate payable would be contractual rate or the rate under the scheme on the
contractual date applicable for the tenor for which the deposit has run, whichever
is lower.
User has to modify collect penal interest flag as “N” while closing the Account.
Demand Loan or
OD against term
deposit/ Conversion/ Any request received from the customer before maturity, shall be entertained only
Change of option/ at the base branch.
Change of Base
Branch

* Other terms and conditions as per general guidelines

Other Information as per changes from time to time

 Pre Mature Withdrawal - Term Deposit
 Overdue Interest - Term Deposit
 Rate of Interest
 Nominations
 Joint Accounts Terms & Conditions
 Loan against Term Deposits
 Auto Renewal
 Capital Gain Account Scheme
Brief Features Of The Product:
Individuals for crediting amount from Capital gain. No joint Account.
 Deposit Minimum 7 days to 10 years.
 The account can be opened in all the branches except Rural Branches.
Terms & Conditions:
 There will be two types of deposit accounts:
 The deposits may be made under the provisions of Sections 54, 54B, 54D, 54F or 54G of the
I.T. Act by any depositor intending to avail benefit under the said section or sections of the
Act.
 There will be two types of deposit accounts:
Deposit Account-A: This account will be in the form of our existing Saving Funds Account.
Deposit Account-B: This account will be in the form of our existing Term Deposit Account
(cumulative as well as non-cumulative).
Transfer of the Account:
Both the accounts, i.e., Account-A and Account-B can be transferred from one deposit office to
another deposit office of the same Bank.
Premature withdrawal is permitted before expiry of the period for which deposit was made; rate of
interest on such deposits shall be as applicable to period for which deposit remained with deposit
office, as a penalty for pre-mature withdrawal.
Withdrawal from the account:
 Depositor having Account-A, at any time after making initial deposit, can apply on Form `C`
with Pass Book for withdrawal of amount.
 Depositor intending to make withdrawal from his Account-B shall first get his account
transferred in his account-A.
Withdrawal for more than Rs. 25,000/-, will be allowed through crossed demand draft.
Utilization of amount of withdrawal: At the time of any withdrawal from Account-A other than the
initial withdrawal, depositor shall furnish in Form `D`, in duplicate, the details regarding manner
and extent of utilization of amount of immediately preceding withdrawal.
Closure of Account: If a depositor desires to close his account, he shall have to apply to deposit office
on Form `G` along with the approval of the Assessing Officer with the Pass Book/Deposit Receipt.
Deposit office shall pay the amount of balance including interest accrued to depositor.
Change or alienation: Amount standing to the credit of the depositor in any account under the
Scheme shall not be offered as security for any loan or guarantee and shall not be charged or alienated
in any manner, whatsoever.
Account B Type: Interest on deposits is payable either monthly at discounted value or quarterly or
compounded quarterly (i.e., reinvestment of interest) or on the date of maturity at the option of the
depositor as applicable under particular deposit scheme.
Interest on overdue deposit is paid as per prevalent policy of the bank from time to time.
The above product is also available under Sugam Deposit Scheme, wherein premature penalty is
waived for details please contact your branch.
 Nomination facility is available.
 TDS is applicable as per rules.
 The Bank will issue TDS Certificate for the tax deducted.
 Gold Monetization Scheme
 To mobilize the idle gold in the country and put it into productive use.
Purpose  To provide the customers an opportunity to earn interest income on their idle
gold holdings.
Resident Indians of the following categories:
Individuals
 HUFs
 Proprietorship & Partnership firms
 Trusts including Mutual Funds/Exchange Traded Funds registered under SEBI
(Mutual Fund) Regulations
Persons Eligible To  Companies
Make A Deposit  Charitable institutions
 Central Government
 State Government or any other entity owned by Central Government or State
Government.
Joint deposits of two or more eligible depositors are also allowed under the
scheme and the deposit in such case shall be credited to the joint deposit
account opened in the name of such depositors.
Minimum: 10 Grams
Deposit Quantity
Maximum: No Limit
Type of Scheme Tenor (in Year)

Short Term Bank Deposit (STBD) 1-3

Medium Term Government Deposit

5-7
(MTGD)
Types Of Deposit
Long Term Government Deposit
12-15
(LTGD)

The deposit under Medium Term And Long Term will be accepted by the Bank
on behalf of the Central Government.
(Deposites can be accepted for broken period also)
(i) Short Term Bank Deposit(STBD):

Period Rate of Interest PA

1 year 0.50%
Rate Of Interest &
Payment Above 1 year up to 2
0.60%
years

Above 2 years up to 3
0.75%
years
 STBD: Non-Cumulative (on 31st March) every year or Cumulative (On
Maturity) interest on maturity. The principal on STBD shall be denominated in
gold and interest shall be calculated in Indian Rupees with reference to the INR
value of gold at the time of deposit w.e.f 05.04.2021. On maturity Interest for
broken period will also be paid.
(ii) Medium Term Government Deposit: 2.25% P.A.
(iii) Long Term Government Deposit: 2.50% P.A.

In the case of MTGD & LTGD, the principal will be denominated in gold.
However, the interest shall be paid in Rupees annually on 31st March or
cumulative interest on maturity. Broken period interest is paid at the time of
maturity. Interest is calculated on gold value in rupees, at the time of deposit.

Depositor will have option to receive payment of simple interest annually or

cumulative interest (compounding annually) on maturity. The option to be
exercised at the time of deposit.
Gold is accepted in the form of raw gold i.e. Gold bars, Coins, Jewellery
Acceptance Of Gold excluding stones and other metals. Customers to submit Application Form,
Identification Proof, Address Proof and Inventory Form.
Nomination facility will be available on the lines of other Rupee Deposit
Nomination Facility
Schemes.
STBD:
• Deposits prior to 05.04.2021:- Redemption of principal and interest at maturity
will be, at the option of the depositor, either in Gold or in INR equivalent of the
deposited gold and accrued interest based on the price of gold prevailing at the time
of redemption.
• Deposits w.e.f. 05.04.2021:- Redemption of the principal at maturity shall, at the
option of the depositor, either in INR equivalent of the value of deposit gold at the
time of redemption, or in Gold. Interest will be paid in Rupees calculated on the INR
Repayment
value of gold at the time of deposit.

MTGD & LTGD: Redemption of the principal at maturity shall, at the option of the
depositor, either in INR equivalent of the value of deposit gold at the time of
redemption, or in Gold. However, any pre-mature redemption of MLTGD shall be
only in INR. Where the redemption of the deposit is in gold, an administrative
charge at a rate of 0.2% of the notional redemption amount in terms of INR shall be
collected from depositor.
STBD: Premature withdrawal may be permitted. However, in case of premature
withdrawal before completion of ONE year from effective date of deposit, no interest
shall be paid. In all other cases, prepayment penalty of 0.15% shall be levied.

Further, any premature redemption shall be in INR equivalent or gold at the

Premature Payment
discretion of the bank.
MTGD: Allowed to be withdraw any time after 3 years with penalty on interest.
LTGD: Allowed to be withdraw any time after 5 years with penalty on interest.
Interest penalty for MTGD & LTGD will be as per RBI Notification dated 9th Jan
‘2019.
 LOANS – RETAIL LOANS
Housing Finance Scheme for Public - Pnb Max-Saver

This variant provides the borrowers advantage of substantial savings

on the interest component on account of facility to:
Objective
Deposit their surplus funds in the overdraft account; and withdraw the
same (up to the drawing power) at their choice as per their needs
I. Prospective borrower - As per our existing housing loan scheme.
II. Existing borrower - Where complete disbursement has been made.
The existing Housing Loan borrower desirous of availing loan under
the variant be allowed the benefit provided their Housing Loan
Eligibility account is running regular, no outstanding inspection irregularity,
complete disbursement has been made & repayment has started in the
account.
Note: Borrowers which are falling under Commercial Real Estate
(CRE) will not be eligible under the said scheme.
For all purposes as per details described under Housing Finance
Purpose
scheme except for purchase of land/ plot only.
Nature Of Facility Overdraft with monthly reducing Drawing Power.
Minimum – Rs. 10.00 lac
Maximum – Need based as per “Housing Finance Scheme for Public”.
Extent Of Loan In respect of existing Housing Loan borrowers, present outstanding of
the loan amount will be taken into consideration for conversion of loan
under this variant.
Margin As per Housing Finance scheme for public.
As per the existing housing finance scheme to Public
Drawing Power on the overdraft will be reduced on monthly basis to
Repayment the extent of the principal component of the EMI so that the overdraft
is liquidated at the end of the loan tenure. Interest will be recovered as
and when levied.
Rate of Interest - As per Circulars issued separately from time to time-
Processing Fee &
- As per Circulars issued separately from time to time-
Documentation Charges:
 PNB Pride Housing Loan for Government Employees

To ensure availability of Housing Loan at

Objective attractive rates and ensure a house for all
government employees.
For permanent Employees of Central / State
Governments/ Defence Personnel &
Eligibility
Paramilitary Forces - Individuals or Joint
owners.
Purpose
Quantum Of Finance
Margin (Borrower`S As per Housing Finance Scheme for Public, for
Contribution) more information
Security
Repayment
Repayment Holiday/
Moratorium
Rate Of Interest As per Circulars issued separately from time to time-
Processing Charges/
As per Circulars issued separately from time to time-
Upfront Fee
Documentation Charges As per Circulars issued separately from time to time-
 Housing Loan for Public

Objective To ensure availability of Housing Loan at attractive rates and ensure a house for all.
For construction of house/ flat;
For purchase of built house/flat.
For purchase of under construction house/flat from Housing Boards/ Development
Authorities/ Co-operative Societies/ Approved Private Builders/ Projects.
Purpose For carrying out Additions to the house/flat.
For carrying out repairs/ renovation / alterations/ cost of furnishing to the house/flat.
For meeting cost escalation in the cases of under-construction flats to existing Housing
Loan borrowers.
For purchase of land/plot for house building.
Individuals or group of individuals (co-borrowers) who are having an assured source
Eligibility of regular income viz. Salaried employees, Professionals, Self Employed persons,
businessman, farmers etc. Staff members are also eligible under public scheme.
For Construction/Additions/Purchase of House/Flat: Need based loan depending upon
the project cost and repaying capacity of the borrower.
Quantum Of For purchase of Land/ Plot for House Building: Maximum Rs.50 lac.
Finance For repairs / renovation / alterations: Maximum Rs.50 lac.
Cost of furnishing may be included in the project cost with maximum upto 15% of Home
Loan or Rs.50 lakh whichever is lower, within the prescribed Loan to Value (LTV) ratio.
Housing Loan Up to Rs.30 lac 20% / 15%*
Housing Loan Above Rs.30 lac and Upto Rs.75 lac 20%
Housing Loan Above Rs.75 lac 25%^^

^^Revised Margin Valid Up To 31.03.2023

Margin Sanction Limit Existing Margin Revised Margin

(Borrower`S Housing Loan Above Rs.75 lac 25% 20%
Contribution)
Purchase of Land/Plot for House Building 25%
* Higher Rate of Interest on Card Rate will be charged in such cases.
Charges e.g. stamp duty, registration charges and other documentation charges shall be
borne by the borrower and shall not be considered towards margin money. However
such charges may be added to the cost of the house/dwelling unit for the purpose of
calculating LTV ratio in cases where the cost of the house/dwelling unit does not exceed
Rs.10 lakh. Acquisition cost of Plot be considered towards Margin Money.
Security Equitable/registered mortgage of the property in question.
Loan for carrying out repairs/ renovation / alterations to the house/flat: Max.15
years inclusive of moratorium period, if any.
Loan for Others: Max. 30 years inclusive of moratorium period, if any.
The income of the spouse and earning children (whether married or unmarried) and
Repayment of the joint owners can be added for determining the income for the purpose of
borrowers` repaying capacity. In such cases, they should be made co-borrower.
Parents can also be made as co – borrower in cases where the property is in the single
name of Son / Daughter or in the joint name of Son and Daughter and also clubbing
of their income be permitted for the purpose of eligibility/repayment of loan.
For Construction/ Additions of House/ Flat: Till completion of construction
(including additions) or 18 months, from the date of disbursement of first installment
of the loan, whichever is earlier.
Repayment
For carrying out repairs/ renovation / alterations to the house/ flat: Till completion
Holiday/
of repairs/ renovation / alterations or 6 months, from the date of disbursement of
Moratorium
first installment of the loan, whichever is earlier.
For purchase of ready built House/ flat OR land/plot: Till the date of possession or
3 months from the date of advance, whichever is earlier.
Rate Of
As per Circulars issued separately from time to time-
Interest
Processing
Charges/ As per Circulars issued separately from time to time-
Upfront Fee
Documentation
As per Circulars issued separately from time to time-
Charges

 Above are only salient features of the scheme. For details please contact nearest
branch
 PNB Flexible Housing Loan
This variant provides the borrowers advantage of substantial savings on the interest
component on account of facility to:
 Deposit their surplus funds in the overdraft account; and
 Withdraw the same at their choice as per their needs

Eligibility
Customers who are below the age of 50 years and existing Housing loan borrowers who have
availed loan under our Housing Loan scheme for public subject to fulfillment of all terms &
conditions of this variant:

Purpose
For all purposes as per details described under Housing Finance scheme except for purchase
of land/plot.

Nature of Facility
Term Loan - 80% and overdraft 20%

Extent of Loan
First enhancement allowed after 3 years, Overdraft limit can be enhanced maximum upto
50% of the total loan amount sanctioned. Extent of enhancement equal to reduction in Term
Loan Amount.
Borrowers are entitlement for 20% increase in the original total limit sanctioned after a lapse
of five years.
Enhancement(s) is/are for personal needs is/are allowed in the shape of a separate Overdraft
limit.

Margin
Term Loan - 20% and Overdraft - 25%:

Repayment
Term Loan component: As per Housing Loan Scheme for Public.
Overdraft component:
For Borrowers below 55 years: Servicing of Interest as and when charged i.e. on Monthly
Basis.
For 55 years and above: On monthly reducing drawing power maximum upto the age of 70
years.
Rate Of Interest: As per Circulars issued separately from time to time-
Processing Fee & Documentation Charges: As per Circulars issued separately from time to
time-
For more details, please contact our nearest branch.
 Over Draft/Term Loan to Housing Loan Borrowers for Personal
Needs
Objective
Seeks to provide additional facility in the shape of Overdraft/ Term Loan for personal use to
our existing/new/takeover Housing Loan borrowers.

Eligibility
All Housing Loan borrowers including existing / new / take over cases. Loan is not permitted
for any trade / business or for any other speculative purposes.

Purpose
For Personal needs/use.

Extent of Loan
Minimum – Rs. 2 lac/-, Maximum – Rs. 25 lac.
80% of current realizable value of housing property if the loan amount (existing exposure of
Housing Loan + proposed OD limit) is upto Rs 75.00 lakh
OR
75% of current realizable value of housing property if the loan amount (existing exposure of
Housing Loan + proposed OD limit) is above Rs 75.00 lakh

Nature Of Facility
a. Overdraft limit or
b. Term Loan

Margin
Nil:
However LTV of 80% and 75% on (Housing Loan + Over Draft Limit) realizable value of
House / flat to be required.

Repayment
a. Overdraft Limit: Account to be renewed annually.
b. Term Loan: repayable in 10 years or remaining period of Housing Loan whichever is
lower?

Security
By extension of charge on the Immovable Property mortgaged/ to be mortgaged.
Rate of Interest: As per Circulars issued separately from time to time-
Processing Fee & Documentation Charges: As per Circulars issued separately from time to
time-
 Composite Loan for Purchase of Residential Plot and Construction
of a House Thereon

Objective To home loan borrowers who are willing to purchase residential plot and
construction of House on the plot thereon
Purpose For purchase of residential plot and construction of a house thereon. (Composite
loan)
Eligibility Individuals or group of individuals (co-borrowers) who are having an assured
source of regular income viz. Salaried employees, Professionals, Self Employed
persons, businessman, farmers etc. Staff members are also eligible under public
scheme.
Quantum Of Finance a. Need based loan depending upon the project cost and repaying capacity of the
borrower.
b. Loan amount for purchase of residential plot shall not exceed 60% of the eligible
loan amount. (loan amount as per repaying capacity/margin (whichever is lower)
c. Minimum 40% loan amount towards construction of a house out of the total
eligible home loan amount*.
Margin (Borrower`S
Contribution) Housing Loan Upto 20% /
Rs.30 lac 15%#*

For All purposes (Including composite Housing Loan

loan$ i.e. Plot purchase+ construction) Above Rs.30 lac and 20%
except to purchase of Land /Plot Upto Rs.75 lac

Housing Loan 25%

Above Rs.75 lac /20% &

Purchase of Land/Plot for House Building 25%

# Higher Rate of Interest on Card Rate is being charged in such cases. Borrower be
made aware about this before sanction of loan.
& 20 % margin on Housing Loan above Rs75 lac is valid upto 31.03.2022 only.
$ Margin under composite Home loan to be ensured separately on plot purchase
amount and cost of construction.
Security Equitable/registered mortgage of the property in question.
Repayment Max. 30 years inclusive of moratorium period, if any.
Repayment Holiday/ 18 months from the date of first disbursement for purchase of residential plot and
Moratorium construction of a house thereon, whichever is earlier.
Rate Of Interest As per Circulars issued separately from time to time-
Processing Charges/
Upfront Fee As per Circulars issued separately from time to time-
Documentation
Charges As per Circulars issued separately from time to time-
 Housing Loan for Public – Pradhan Mantri Awas Yojana –
Housing For All
Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme – EWS & LIG

To ensure availability of Housing Loan to Individuals from Economically

Objective Weaker Section (EWS) & Low Income Group (LIG) category at attractive
rates and ensure a house for all.
For purchase, new construction and addition of rooms, kitchen, toilet etc.,
Purpose to existing dwelling units as incremental housing For construction of
house/ flat
All Statutory towns as per Census 2011 and towns notified subsequently
Coverage
would be eligible for coverage under the Mission.
Individuals from Economically Weaker Section (EWS) & Low Income
Group (LIG) category. Joint owners from the same family are also
eligible.
 EWS households - households having an annual income up to Rs.3,00,000
Eligibility (Rupees Three Lakhs only)and house size with carpet area upto 30 square
meter.
 LIG households - households having an annual income above Rs.3,00,000
(Rupees Three Lakhs) and up to Rs.6,00,000 (Rupees Six Lakhs)and house
size with carpet area upto 60 square meter.
A beneficiary family will comprise husband, wife and unmarried children.
The beneficiary family should not own a `pucca` house (an all weather
Beneficiary Family dwelling unit) either in his/her name or in the name of any member of
his/her family in any part of India. An Affidavit to this effect is to be
submitted.
Max. Rs.30 lac. Subject to maintaining Loan to Value ratio (LTV) and
Quantum Of Finance
repaying capacity
Margin (Borrower`S Loan up to Rs. 20 lac 10%
Contribution) Loans above Rs. 20 lac 20%
and up to Rs. 30 lac20%

However Cost of stamp duty, registration and other documentation

charges may be added to the cost of the house/dwelling unit for the
purpose of calculating LTV ratio in cases where the cost of the
house/dwelling unit does not exceed Rs.10 lac.
As per extant housing loan scheme to public. However disbursement
should be made in not more than 4 installments depending upon the
Disbursement
progress of construction, as Subsidy will be released to the Bank by the
NHB in maximum of four installments.
  The subsidy is available at the rate of 6.5% upto loan amount of Rs. 6 lac
for tenure of 20 years or during tenure of the loan whichever is lower.
 Subsidy will be available only for loan amount upto Rs.6 lac and additional
loan beyond Rs.6 lac, if any, will be at nonsubsidized rate.
Credit Linked Subsidy  The Net present value of the interest subsidy will be calculated at a
discounted rate of 9%.
 Maximum subsidy amount will be Rs 267280.00.
Interest subsidy will be credited upfront to the loan account of
beneficiaries.
Security Equitable/registered mortgage of the property in question.
Up to age of 70 years or 30 years, including moratorium period,
whichever is earlier.

The income of the spouse and earning children (whether married or

Repayment
unmarried) and of the joint owners can be added for determining the
income for the purpose of borrowers` repaying capacity. In such cases,
they should be made co-borrower.
Subsidy will be available for a maximum loan tenure of 20 years.
For Construction/ Additions of House/ Flat: Till completion of
construction (including additions) or 18 months, from the date of
disbursement of first installment of the loan, whichever is earlier.

For carrying out repairs/ renovation / alterations to the house/flat: Till

completion of repairs/ renovation / alterations or 6 months, from the date
of disbursement of first installment of the loan, whichever is earlier.
Repayment Holiday/
Moratorium
For purchase of ready built House/ flat : Till the date of possession or 3
months from the date of advance, whichever is earlier.
For under-construction flats/houses built by approved private builders:
Till possession is handed over to the purchaser (borrower);
OR
Whichever is earlier, subject to interest being collected on monthly basis
(as and when debited) during the moratorium period.
Rate Of Interest As per Circulars issued separately from time to time-
Processing Charges/
Upfront Fee As per Circulars issued separately from time to time-
Documentation Charges As per Circulars issued separately from time to time-
The Ministry of Housing & Urban Affairs (GOI) Circular No.N-
11011/15/2018-HFA—1(FTS: 9041490) dated 31.01.2020
The Ministry of Housing & Urban Affairs (GOI) Circular No Circular No
F.No.11011/478/2017-HFA-4-/E-9021400 dated 13.01.2020)
Statutory Towns &
Planning Areas Codes As per Circulars issued separately from time to time-
 PNB Gen-Next Housing Finance Scheme for Public
Providing housing finance to Gen-Next salaried class borrowers such as IT
Objective
Professionals, PSBs/PSUs/Govt. Employees to have a decent home.
For purchase of ready to move in house/flat etc.
Purpose For construction of House/flat etc.
For purchase of under construction flat of approved private builder
All salaried employees with minimum 3 years’ experience.
Coverage
Co-borrower will also be salaried class
Upto the age of 40 years.
In case of multiple borrowers whose income has been taken for arriving at the loan
eligibility and repaying capacity, one borrower must be at-least upto the age of 40
Eligibility - Age Of
years and others may be maximum upto the age of 45 years.
Borrower
Further, where income of the applicants is not being taken for arriving at the loan
eligibility and they are owner/co-owner in the property, they are to be made co-
borrower under this scheme without referring his/her age.
Rs.35000/-.
Eligibility - Minimum
*Net Monthly salary = Gross Salary – Statutory Deductions such as Income Tax, PF
Net Monthly Salary*
etc.
1.25 times the loan amount calculated as per the regular housing loan method, subject
to maintenance of prescribed LTV ratio. However, borrower may take lower amount.
Quantum Of Finance Minimum amount- Rs.20 lac;
Maximum amount- Need Based
Subject to maintaining Loan to Value ratio (LTV) and repaying capacity
Margin
Security Equitable/registered mortgage of the property in question.
Repayment Period Flat 30 years.
Period Monthly repayment
Repayment During moratorium period Only interest to be serviced
Next 120 months EMI on sanctioned limit for 360 months
EMI which will fully amortize the remaining outstanding
Remaining period
in the housing loan account within the remaining period
In case of under construction flat of approved private builder: Upto 36 months plus
remaining period of date of possession subject to a maximum moratorium period of
Moratorium 60 months.
In all other cases: Max. 36 months
However, interest is to be serviced as and when levied during the moratorium period.
Term insurance of at-least equal to loan amount be mandatorily obtained. Cost of
premium may be financed at the option of the borrower(s). The same shall be over
Insurance and above the extent of loan, at prescribed margin, for which the customer is
otherwise eligible and subject to maintenance of LTV ratio and repaying capacity of
the customer.
Rate Of Interest As per Circulars issued separately from time to time-
Processing Charges/ As per Circulars issued separately from time to time-
Upfront Fee
Documentation Charges As per Circulars issued separately from time to time-
 Vehicle Loans
Scheme for Financing Purchase of PNB GREEN CAR
(E-Vehicle) LOAN

To make Loan available to prospective borrowers for purchase of new

Objective
Electrical Car(e-Vehicle) on attractive terms.
To purchase:
 New Electrical Car (e-Vehicle) for personal use.
Purpose
 Reimbursement of cost of New Electrical Car (e-Vehicle) for personal use.
(Not more than 3 months old)
For private use: Individuals.
 Joint borrowers are also eligible, i.e., parent(s)/spouse/ Earning Children
 However, out of these only one joint borrower shall be permitted. Further,
in case of joint borrowers, an option be got exercised to specify the name of
Eligibility
the applicant borrower in whose name they want to get the vehicle
registered.
 Business concerns (corporate or non-corporate). Company /Firm to be in
cash profit for the last two years
 Minimum net monthly salary / pension/ income - Rs.25000/-
 (Income of Parent(s)/Spouse/ Earning Children can be taken into account
for determining loan amount/eligibility. In such cases, the parent(s)/ spouse/
earning children be made co-borrower). However, out of above only one co-
Income Criteria
borrower shall be permitted and only his/her income shall be taken into
consideration for determining the loan amount.
 No minimum monthly income is required in cases where borrower agrees to
give 110% of liquid security in shape of Term Deposit.
 For individuals/Proprietorship concerns: 25 times of Gross Monthly Salary/
Quantum Of Pension/ Income with a ceiling of Rs 100 lakh (for one or more vehicles).
Finance  For Business Concerns (Corporate or Non-Corporate): No ceiling of loan
amount (for one or more vehicles).
 For new vehicle: 10% of on-road price or NIL on ex-showroom price, i.e.,
(100% financing of ex-showroom price.
Margin
 For Reimbursement of cost of new Electrical Car (e-Vehicle): 25% on
OnRoad Price
Security Vehicle purchased to be hypothecated to the bank.
 Third party guarantee / collateral security as follows:
 Guarantee acceptable to the Bank in case of Gross Monthly salary is less
than Rs. 50000/-
Guarantee/
 No guarantee required for permanent employees of Central Govt./ State
Collateral
Govt./ PSBs/MNCs/ Listed companies of BSE or NSC whose shares are
Security
actively traded and quoted above par irrespective of income.
 For all other cases Third Party guarantee/ Collateral Security acceptable to
the Bank.
For new Electrical Car (e-Vehicle): The loan amount together with interest
is to be repaid maximum in 120 equated monthly installments comprising of
Repayment
principal and interest commencing from the succeeding month.
(Maximum)
(Repayment to be ensured within 70 years for salaried persons with pension
and pensioners. For others repayment to be ensures within 65 years of age)
Prepayment
No pre-payment charges
Charges
Rate Of Interest As per Circulars issued separately from time to time-
Processing
Charges/ Upfront Nil
Fee
Documentation
Nil
Charges
 Insta Vehicle Loan Scheme for Existing Home Loan
Borrowers

To offer hassle free vehicle loan to existing Home

Objective
Loan Borrowers
Purpose Purchase of car/ two wheeler for personal use.
All existing home loan borrower accounts where the
Eligibility loan has run for minimum 3 years (excluding
moratorium period) without a single default in EMI.
Age Of Applicant
Type of Facility As per Scheme for Financing Purchase of Car by
Security Public
Insurance
90% of On road price of Car/ two wheeler, Maximum
Assessment of Limit
Rs. 10 lacs
Special Features No pre-sanction/ Fresh Income proof required.
Maximum Repayment Four Wheelers : 100 months
Period Two Wheelers. : 84 months
Rate Of Interest As per Circulars issued separately from time to time-
Processing Charges As per Circulars issued separately from time to time-
Prepayment Charges NIL

Above are only salient features of the scheme. For details please contact
nearest branch
 PNB Combo Loan Scheme (Housing Loan + Car Loan)

PNB Combo Loan Scheme aims to provide Car Loan at

Objective concessional Rate of Interest and attractive / lucrative Terms and
conditions to Housing Loan Borrowers (Existing and New).
Housing Loan Borrowers with Sanction Limit of Rs. 15 Lacs and
above are eligible on or after creation of security on House
Property under Housing Loan.
Eligibility
Only Brand New 4 Wheelers will be financed under PNB Combo
Loan Scheme. Purchase of Old Car will not come under the
purview of the scheme.
Minimum Gross Income for Salaried Customers - Rs. 50,000/- per
month.
For Professional and Self Employed / Businessman: Minimum
Annual Post-Tax Income of Rs.6.00 lac as per ITR (Average of last
Gross Income 3 years). However, there should be consistent growth in Gross
Income in last 3 years
The total deduction from income including EMI of existing
Housing Loan and other Loan(s) and the proposed EMI of Car
Loan should not be more than 60% of Gross income
10% of the On Road Price of the Car.
Margin i.e. Eligible Housing Loan Borrowers will be entitled for Loan to
the extent of 90% of on road price of the Vehicle.
The Repayment Period of the Car Loan should be less than or equal
Repayment Period to left over repayment period of Housing Loan subject to maximum
Repayment Period of 84 Months
Other Terms And For existing Housing Loan Borrowers, the Account should be
Conditions standard with satisfactory Track Record.
Car Loan will be secured through extension of Mortgage on the
Additional Security
Existing Housing Loan Property
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges As per Circulars issued separately from time to time

Above are only salient features of the scheme. For details please contact nearest branch
 PNB Pride Car Loan for Government Employees

To make available Loan for purchase of car to

Objective
Government Employees on attractive terms.
For permanent Employees of Central / State
Eligibility Governments/ Defence Personnel & Paramilitary
Forces
Purpose
Income Criteria
Quantum Of Finance
Margin
As per Scheme for Financing Purchase of Car by
Security
Public Click Here
Guarantee/ Collateral
Security
Repayment (Maximum)
Prepayment Charges
As per Circulars issued separately from time to
Rate Of Interest
time
Processing Charges/ As per Circulars issued separately from time to
Upfront Fee time
As per Circulars issued separately from time to
Documentation Charges
time
 Pnb Saarthi` - Scheme For Financing Two Wheelers to Public

For purchase of new Two wheelers viz.: Scooter(s), Motor cycle(s), Scooterrete (s),
Purpose
Moped (s), (subject to Registration of vehicle with RTO).
Existing customers of PNB with at least 6 months satisfactory transactional record OR
new customer with satisfactory track record of last one year with other Bank/FI in the age
group of 18 years and 65 years holding a valid driving license. Salaried persons with
Eligibility pension are eligible upto 70 years age.Salaried individuals drawing salary from PNB or
under check off facility from the employer.Students, 18 years and above till gainfully
employed, with salaried parent as co-borrower drawing salary from our bank;
Business concerns (Corporate or non –corporate)
Minimum Net Monthly Salary/Income (NMS/I) of Rs.10,000/- p.m after all dedications
including the proposed two wheeler loan installment.
In case of students, Income/salary proof of parent/guardian who will be co-borrower be
considered.
Income Criteria
Income of spouse can be taken into consideration for determining the income criteria
provided satisfactory proof of income is produced.
Income of business concerns be verified from Income Tax Returns filed and challans for
Tax Deposited.
a) For super bikes / hybrid two wheeler (Engine capacity 200CC & above) – Maximum
Quantum Of
Rs. 10 lac (subject to repayment capacity)
Finance
b) For all other Two Wheeler Maximum Rs. 1.50 lac (subject to repayment capacity)
Where salary is being disbursed through the concerned bank branch and/or
10%
Margin Check off facility.
Business concerns 25%
Hypothecation of two wheeler financed from bank loan
Security
Guarantee acceptable to bank as per guidelines
Loan up to Rs. 25,000/- No guarantee
Guarantee
Loan above Rs. 25,000/- Suitable guarantee acceptable to the Bank.
For Scooter and Motorcycle – 60 EMIs
Repayment
For Scooterrete – 30 EMIs
(Maximum)
For Mopeds – 24 EMIs
Prepayment
Nil
Charges
Rate Of Interest As per Circulars issued separately from time to time
Processing As per Circulars issued separately from time to time
Charges/
Upfront Fee
Documentation As per Circulars issued separately from time to time
Charges
For purchase of new Two wheelers viz.: Scooter(s), Motor cycle(s), Scooterrete (s),
Purpose
Moped(s), (subject to Registration of vehicle with RTO).

Above are only salient features of the scheme. For details please contact nearest branch
 PNB Power Ride` Scheme for Financing Two Wheelers to Women

For purchase of new Two wheelers viz.: Scooter(s), Motor cycle(s),

Purpose
Moped(s), (subject to Registration of vehicle with RTO).
Salaried with minimum 6 months service in present organization,
Self-employed with experience of more than one year (Based upon
declaration/bank account/ITR etc.)
Student with their parents/guardian as co-borrowers
Eligibility Note: Individuals should be in the age group of 18 years to 65 years
and should hold valid driving license.
In case of students age of parents/ guardian is to be considered and
in that case driving license may be in the name of Student/ Parents/
Guardian.
Minimum Net Monthly Salary/Income (GMS/I) of Rs.8,000/- p.m
including the proposed two wheeler loan installment.
In case of students, Income/salary proof of parent/ guardian who
will be co-borrower be considered.
Income Criteria
Proof of Income :
i) Latest 3 salary slips along with Form 16/ ITR of previous year in
the case of salaried borrower(s);
ii) ITR of previous year in the case of self-employed individuals
Quantum Of Finance Need based Max Rs 60000.00
Margin 10% of ex-showroom price
Hypothecation of 2 wheeler financed from bank loan Guarantee
Security
acceptable to bank as per guidelines
Max 36 months
Maximum Permissible deductions – All deductions including the
Repayment (Maximum)
proposed Two-wheeler loan installment should not exceed 50% of
Gross Monthly Salary/ Income (GMS/ I)
Prepayment Charges Nil
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ As per Circulars issued separately from time to time
Upfront Fee
Documentation Charges As per Circulars issued separately from time to time

Above are only salient features of the scheme. For details please contact nearest branch
 PNB Car Loan

To purchase:
New Car/Van/Jeep/Multi Utility Vehicle (MUV) or Sports Utility
Vehicles (SUV).
Old car/van/jeep/MUV/SUV, which are not older than three years and
Purpose unencumbered (i.e not financed by other Bank/Financial institutions
on the date of loan).
Reimbursement of cost of new Car/ Van/ Jeep/ Multi Utility Vehicle
(MUV) or Sports Utility Vehicle (SUV) purchased by individual/
corporate out of own funds. (Not more than 3 months old).
For private use only.
Individuals and Joint borrowers are also eligible, i.e., parent(s)/spouse/
Earning Children.
Business concerns (corporate or non-corporate). Company /Firm to be
in cash profit for the last two years
For reimbursement of cost of new vehicle purchased by individual/
corporate out of own funds.
Eligibility
A. Existing customer with satisfactory track record viz. all loan
accounts running regular with nil inspection irregularity.
B. Purchased the car out of own fund. For this purpose, documentary
evidence of payment made from own sources viz. statement of a/c or
any other document and independent verification of invoice from
dealer be made
C. Invoice date of the vehicle not more than 3 months old.
Minimum net monthly salary / pension/ income - Rs.25000/-
Income of Parent(s)/Spouse/ Earning Children can be added for
determining loan amount/eligibility. However, out of above income of
only one person can be added and he/she will stand as a co-borrower.
Income Criteria No minimum monthly income is required in cases where borrower
agrees to give 110% of liquid security in shape of Term Deposit.
In case of persons engaged in allied agricultural activities and
agriculturists, net income can be arrived at by sanctioning authority
based on their land holding, cropping pattern, yield, etc..
For individuals/Proprietorship concerns: 25 times of Gross Monthly
Salary/ Pension/ Income with a ceiling of Rs 100 lakh (for one or more
Quantum Of Finance vehicles).
For Business Concerns (Corporate or Non-Corporate): No ceiling of
loan amount (for one or more vehicles).
 For New Vehicle: 15% of on-road price inclusive of one time road tax
& insurance.
For Car where PNB has tie up arrangement with
manufacturers/dealers: 10% of on-road price or or nil on ex-
Margin showroom price
Click here Tie Up With Car Manufacturers At All India Level
For Old Vehicles: 25% of the value of the vehicle.
For reimbursement of cost of new vehicle purchased by individual/
corporate out of own funds: 25% of on-road price.
Security Vehicle purchased to be hypothecated to the bank.
Third party guarantee / collateral security as follows:
1. Guarantee acceptable to the Bank in case of Gross Monthly salary
is less than Rs. 50000/-
2. No guarantee required for permanent employees of Central Govt./
Guarantee/ Collateral
State Govt./ PSBs/MNCs/ Listed companies of BSE or NSC whose
Security
shares are actively traded and quoted above par irrespective of
income.
For all other cases Third Party guarantee/ Collateral Security
acceptable to the Bank.
For New Car/Van/Jeep/MUV/SUV: 84 EMIs
For Old Car/Van/Jeep/ MUV/SUV: 60 EMIs
Repayment
(Repayment to be ensured within 70 years for salaried persons with
(Maximum)
pension and pensioners. For others repayment to be ensures within 65
years of age)
Floating Rate: NO pre-payment charges.
Fixed rate: @2% on the outstanding pre-paid. However, no
prepayment charges to be levied :-
Prepayment Charges Where the loans are prepaid by the borrowers from their own sources.
Where the borrower shift to other bank within 30 days from the date
of upward revision in the rate of interest or change in other terms of
sanction.
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ As per Circulars issued separately from time to time
Upfront Fee
Documentation As per Circulars issued separately from time to time
Charges
 EDUCATION LOANS

PNB Pravasi Shiksha Loan

Education Loan Scheme For Overseas Citizens In India (OCI)/ Person Of
Indian Origin {PIO}/ Students Who Are Born Abroad Pursuing Higher
Education In India.
The Education Loan scheme “PNB Pravasi Shiksha Loan” aims at
providing financial support to meritorious students who are overseas
citizens in India (OCI)/ students who are born abroad (overseas citizenship
by birth, when parents were on deputation with Foreign
Government/Government agencies or International/Regional agencies etc.
Objective
and now studying in India after repatriation of their parents) for pursuing
higher education in India only. The main emphasis is that a meritorious
student is provided with an opportunity to pursue education with the
financial support from the banking system with affordable terms and
conditions.
Overseas citizen of India (OCI)/ students who are born to Indian parents
during their stay abroad (overseas citizenship by birth, when parents were
on deputation with Foreign Government/Government agencies or
Eligibility
International/Regional agencies etc. and now studying in India after
repatriation of their parents) and should have secured confirmed admission
for a higher education course in identified institutions in India.
All the relevant documents to be taken from the Borrower/ Co-Borrower/
KYC Documents Guarantor as per the bank’s existing guidelines issued from time to time.
Passport is mandatory. In case of OCI borrowers OCI card is mandatory.
- All the expenses required to complete the courses including one time to and
Expenses fro travel expense to India.
Considered For - Hostel accommodation offered by the Institute to be included.
Loan - In case the student opts for outside accommodation other than that
provided by college/university, the expenses may not be considered for loan.
Age Criteria Minimum age limit - 18 Years.
- Full time regular Graduate /Post Graduate/ Diploma (equivalent to
Courses Eligible Degree)/ Executive Courses.
- Part time/ Research/ Certificate Courses are not allowed.
Institutes Covered Identified Educational Institutes in India as per Annexure.
Loan Amount Need based.
Margin 20%.
 Equitable/Registered Mortgage of Immovable Property in India in the name
of Guarantor(s) with value at least 125% of loan amount (IP must be other
than agricultural or plantation property or farm house).

OR
Security
Liquid Security with value at least 125% of loan amount, in the shape of
pledge of Government Security, NSCs, KVPs, IVPs / PSU Bonds (where
interest is being serviced regularly) / Bank`s FDR / LIC Policies (surrender
value) etc.
Guarantee of Person(s) who is/are offering his/her/their Immovable
Guarantor(S) Property in India or Liquid Security as Collateral Security for the loan is
mandatory.
Life Insurance Cover is mandatory upto an amount equivalent to total loan
Insurance Cover
amount including interest accrued during repayment holiday.
Repayment Period Maximum 10 years (excluding moratorium period).
Repayment
Holiday/ Course Period + 6 months.
Moratorium Period
Repayment of loan shall be made in Equated Monthly Installment (EMIs).
Repayment Mode Repayment to be done out of remittances from outside India through normal
banking channels or by debit to NRE/FCNR(B)/NRO accounts.
Re-Imbursement
Not permitted.
Of Fee
Rate Of Interest As per Circulars issued separately from time to time
Processing As per Circulars issued separately from time to time
Charges/ Upfront
Fee
Documentation As per Circulars issued separately from time to time
Charges

Above are only salient features of the scheme. For details please contact nearest branch.
 PNB Saraswati

To provide financial support to meritorious students for pursuing higher

education in India.
Students Who Secure Admission In Institutes As Under
 Approved courses leading to Graduate/ Post Graduate degree and PG
Diplomas conducted by recognized colleges/ universities recognized by UGC/
Govt. / AICTE/ AIBMS/ ICMR etc.
 Courses like ICWA, CA, CFA etc.
Objective  Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.
 Regular Degree/Diploma courses like Aeronautical, pilot training, shipping
Nursing or any other discipline approved by Director General of Civil
Aviation/Shipping/ Indian Nursing Council or any other regulatory body as
the case may be.
 Approved courses offered in India by reputed foreign universities.
 Courses as defined under various Government Subsidy Schemes.
Fee payable to college/ school/ hostel
Examination/ Library/ Laboratory fee.
Insurance premium for student borrower, if applicable.
Caution deposit, Building fund/refundable deposit supported by Institution
bills/receipts.
Purpose
Purchase of books/ equipments/ instruments/ uniforms.
Purchase of computer at reasonable cost, if required for completion of the
course.
Any other expense required to complete the course - like study tours, project
work, thesis, etc.
Should be a resident Indian.
Should have secured admission to a higher education course in recognized
Eligibility institutions in India through Entrance Test/ Merit Based Selection process
after completion of HSC(10 plus 2 or equivalent).
Cases of Management Quota may be considered on merit basis;
Need based Finance subject to margin as per guidelines.
Quantum Of
Reimbursement of fees paid within six months may be permitted on
Finance
individual merits of the case.
Up to Rs. 4 lac - NIL
Above Rs. 4 lac - 5%
Margin Scholarship/ assistantship may be considered in margin.
Margin may be brought-in on year-to-year basis as and when disbursements
are made on a pro-rata basis.
Upto Rs. 7.50 lacs: Parent(s)/guardian be made joint borrower (s). No
tangible Security and /or 3rd party guarantee is required.
Security
Above Rs.7.50 lacs: Parent(s)/guardian be joint borrower(s).Tangible
collateral security of suitable value acceptable to bank.
Repayment
Maximum upto 15 years
(Maximum)
Repayment
Holiday/ Course period + 1 year
Moratorium
Prepayment
NIL
Charges
Rate Of Interest As per Circulars issued separately from time to time
Processing As per Circulars issued separately from time to time
Charges/ Upfront
Fee
Documentation As per Circulars issued separately from time to time
Charges
To provide financial support to meritorious students for pursuing higher
education in India.
Students Who Secure Admission In Institutes As Under
 Approved courses leading to Graduate/ Post Graduate degree and PG
Diplomas conducted by recognized colleges/ universities recognized by UGC/
Govt. / AICTE/ AIBMS/ ICMR etc.
 Courses like ICWA, CA, CFA etc.
Objective  Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.
 Regular Degree/Diploma courses like Aeronautical, pilot training, shipping
Nursing or any other discipline approved by Director General of Civil
Aviation/Shipping/ Indian Nursing Council or any other regulatory body as
the case may be.
 Approved courses offered in India by reputed foreign universities.
 Courses as defined under various Government Subsidy Schemes.

Above are only salient features of the scheme. For details please contact nearest branch
 PNB Pratibha
Education Loan for Premier Institutes in India
To attract the students who get admission in Premier Institutes of the country
into Bank’s fold. Students who secure admission in such Premier Institutes,
Objective which include (i) Business Schools, (ii) Engineering Colleges, (iii) Medical
Colleges and other reputed Institutes, are eligible to avail loan under the
Scheme. (List of Institutions as per Annexure)
 Fee payable to college/ school/ hostel.
 Examination/ Library/ Laboratory fee.
 Life Insurance premium for student borrower, if applicable.
 Caution deposit, Building fund/refundable deposit supported by Institution
bills/receipts.
Purpose
 Purchase of books/ equipments/ instruments/ uniforms.
 Purchase of computer, at reasonable cost, if required for completion of the
course.
 Any other expense required to complete the course - like study tours, project
work, thesis, etc.
 Should be a resident India.
 Secured admission in Regular full time Degree /Diploma courses/PG
Degree/Diploma Courses of Premium Institutes covered as per Annexure
 For Part-time Post Graduate Programmes in Management for Executives
offered by Indian Institute of Managements (IIM) at all centres.
 For Indian School of Business (ISB) Hyderabad & Mohali campus, part time
Certificate Course for Post Graduate Programme in Management for Senior
Executives (PGPMAX).
Eligibility
 For e-Post Graduate Programme in Management for executives
,entrepreneurs and professionals under Distance Learning mode offered by
Indian Institute of Management (IIM).
 For Three-year part-time weekend Post Graduate Diploma Programme in
Business management for Working Executives and Business Owners
conducted by Xavier School of Management (XLRI).
 Post Graduate Diploma in Management (B & FS) offered by “National
Institute of Bank Management “(NIBM) Pune
 • Need based Finance subject to repaying capacity of the parents/ students
(after getting employment) be considered (taking in the account the prescribed
Quantum Of Finance Margin) for studies in India with the applicable ceiling;
 Reimbursement of fees paid within six months may be considered on
individual merits of the case.
i. as per Annexure -
ii. Scholarship/Assistantship be included in margin :
Margin
iii. Margin may be brought-in on year-to-year basis as and when
disbursements are made on a pro-rata basis :
Security Co-obligation of parents/guardian as joint co-borrowers.
Repayment (Maximum) maximum upto 15 years
Repayment Holiday/ Moratorium Course period + 1 year
Prepayment Charges Nil
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ Upfront Fee As per Circulars issued separately from time to time
Documentation Charges As per Circulars issued separately from time to time
 PNB Udaan
Education Loan Scheme for Students Pursuing Higher Education Abroad
To provide financial support to meritorious students for pursuing higher education
abroad.
Students Who Secure Admission In COURSES As Under
 Graduation: For job oriented professional/technical courses offered by reputed
universities.
 Post-graduation: MCA, MBA, MS, etc.
 Courses conducted by CIMA- London, CPA in USA etc.
 Courses as defined under various Government Subsidy Schemes
Objective  Degree/Diploma courses like aeronautical, pilot training, shipping etc. provided these are
recognized by competent regulatory bodies in abroad for the purpose of employment in
abroad.

Education loan to students for pursuing Diploma & Certificate courses other than
aeronautical, pilot training, shipping etc from abroad, may be considered, where the loan
is backed by liquid security valuing 125% of loan amount in the shape of FDRs/ NSCs/
surrender value of Life Insurance Policies along with establishing the financial credentials
of family members (either joint borrower or guarantor) subject to the condition that the
said course(s) is recognized/ accredited one.
 Fee payable to college/ school/ hostel.
 Examination/ Library/ Laboratory fee.
 Travel expenses/ passage money for studies abroad.
 Life Insurance premium for student borrower, if applicable.
Purpose  Caution deposit, Building fund/refundable deposit supported by Institution bills/ receipts.
 Purchase of books/ equipment’s/ instruments/ uniforms.
 Purchase of computer at reasonable cost, if required for completion of the course.
 Any other expense required to complete the course - like study tours, project work, thesis,
etc.
 Should be a resident Indian.
Eligibility  Should have secured admission to a higher education course in recognized institutions
Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10
plus 2 or Equivalent).
 Need based Finance subject to margin as per guidelines?
Quantum Of Finance  Reimbursement of fees paid within six months may be considered on individual merits of
the case.
 Up to Rs. 4 lac - NIL
 Above Rs. 4 lac - 15%
Margin  Scholarship/ assistantship be included in margin.
 Margin may be brought-in on year-to-year basis as and when disbursements are made on
a pro-rata basis.
 Upto Rs. 7.50 lacs: Parent(s)/guardian be made joint borrower (s). No tangible Security and
/or 3rd party guarantee is required.
Security
 Above Rs.7.50 lacs: Parent(s)/guardian be joint borrower(s).Tangible collateral security of
suitable value acceptable to bank.
Repayment  maximum upto 15 years
Repayment
Course period + 1 year
Holiday/Moratorium
Prepayment Charges Nil
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ As per Circulars issued separately from time to time
Upfront Fee
Documentation Charges As per Circulars issued separately from time to time
 PNB Kaushal
Education Loan Scheme For Pursuing Vocational Education & Training

The Scheme PNB Kaushal aims at providing financial support

forpursuing skill development courses.
Objective
Students who secure admission in: Skill development courses of no
minimum course duration;
Tuition/ course fee.
Examination/ Library/ Laboratory fee.
Caution deposit.
Purpose
Purchase of books, equipments and instruments.
Any other reasonable expenditure found necessary for completion of
thecourse.
Should be an Indian national.
Student should have secured admission in a course run by
IndustrialTraining Institutes (ITIs), Polytechnics or in a school
recognizedby central or State education Boards or in a college
Eligibility affiliated torecognized university, training partners affiliated to
National SkillDevelopment Corporation (NSDC)/Sector Skill
Councils, State SkillMission, State Skill Corporation, preferably
leading to a certificate /diploma / degree issued by such organization
as per National SkillQualification Framework (NSQF).
Need Based finance to meet expenses on course subject to the
followingceilings:
Quantum Of Finance
Minimum Rs.5000/-
Maximum Rs 1,50,000/-
Margin NIL
Parent(s)/guardian as joint borrower.No collateral or third party
Security
guarantee is required.
For Loans upto Rs. 50,000 - Upto 3 years.
Repayment (Maximum) For Loans between Rs. 50,000 to Rs. 1 lakh - Upto 5 years
For Loans above Rs. 1 lakh - Upto 7 years
For courses of duration upto 1 year - 6 months from the completion
of the course.
Repayment Holiday/ Moratorium
For courses of duration above 1 year - 12 months from the
completion of the courses.
Prepayment Charges NIL
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ Upfront Fee As per Circulars issued separately from time to time
Documentation Charges As per Circulars issued separately from time to time
 Concessional Education Loan
Concessional Education loan is being provided to students or Persons with Disabilities
(PwDs) under all the existing Education Loan Schemes of the Bank, subject to the following
stipulations:
 Student Eligibility` - Loan shall be available to any Student with 40% or more
disability on the basis of Disability certificate issued by authorities empowered to
issue such certificate in terms of Statute / notifications / Govt. orders of Central / State
/ UT Government.
 Expenses considered for Loan` - Cost of 2-wheeler upto Rs.50,000/- shall be
considered within the overall ceiling of loan amount.
 Quantum of Finance` Need Based Finance to meet the expenses (taking into account
the prescribed Margin), subject to the following ceilings:
 Studies in India - Max. Rs.50 lakh
 Studies abroad - Max. Rs.50 lakh
 Repayment Period:-
The maximum repayment period of loan will be in conformity to the guidelines laid down in
NHFDC scheme i.e. 10 years after commencement of repayment. The repayment as per
repayment schedule would commence one year after completion of course or 6 months after
securing a job, whichever is earlier.
Loans with repayment period beyond the ceiling as above are not eligible for refinance under
the aforesaid scheme.

"Rate of Interest" –

Sr. No. Loan Amount (Rs. In Lakhs) Applicable Rate Of Interest To PwDs (%)
1. Less than or equal to 0.50 5
2. Above 0.50 - 5.00 6
3. Above 5.00 – 15.00 7
4. Above 15.00 - 30.00 8
5. Above 30.00 - 50.00 9

"Processing Charges/ Upfront Fee" – As per Circulars issued separately from time to time
"Documentation Charges" – As per Circulars issued separately from time to time
Loans over the ceiling as above are not eligible for refinance under the aforesaid scheme.
 Govt Guidelines on New CSIS Scheme

1. INTRODUCTION

The scheme is effective from the year 2009-10 and the scheme is an ongoing scheme till further instructions
from IBA. Further, the modified scheme is applicable for the academic year 2018-19 & 2019-20 starting
01st April, 2018.

The loan amount taken starting from the Academic year 2009-10 (irrespective of the date of sanction) are
covered under the scheme for interest subsidy. Interest on any amount disbursed for courses starting before
the academic year 2009-10 is not to be considered for subsidy.

It is the further clarified that the disbursements made during the academic year 2009-10 starting 1st April, 2009
are eligible for subsidy irrespective of the date of sanction i.e. only disbursements made by the Bank to student
borrowers on and from 1st April, 2009 are covered under the Scheme. In respect of courses which have started
prior to 1st April, 2009, claims could be considered only in respect of disbursements made on and from 1st April,
2009 for such courses. Disbursements made prior to 1st April, 2009 are not eligible.

2. OBJECTIVE OF THE SCHEME

This scheme benefits all categories of economically weaker students for pursuing Professional/ technical courses
in India only. CSIS aims to check the existing geographical imbalance with regard to Gross Enrolment Ratio
(GER) in higher Education Institutions.

3. APPLICABILITY OF THE SCHEME

The Scheme is adopted by all Scheduled Banks and is linked with the existing Model Educational Loan scheme
of the lndian Banks` Association, and restricted to students enrolled in professional/technical courses only
from NAAC accredited institutions or professional/ technical programmes accredited by NBA or institutions
of National importance or Central Funded Technical Institutions (CFTls). Those Professional institutions/
programmes, which do not come under the ambit of NAAC or NBA, would require approval of the respective
regulatory body viz, approval of Medical Council of lndia for Medical courses, Nursing courses, Bar Council
of India for Law etc.

The interest subsidy shall be available to the eligible students only once, either for the first undergraduate
degree course or the post graduate degrees / diplomas in India inclusive of integrated courses (Graduate + Post
graduate).

Interest subsidy under this scheme shall not be available for those students who either discontinue the course
midstream or who are expelled from the Institutions on disciplinary or academic grounds. However, the
interest subsidy will be available for the actual period of study, only if the discontinuation was due to medical
grounds for which necessary documentation to the satisfaction of the Head of educational institution will have
to be given.

4. BENEFITS AVAILABLE UNDER THE PRESENT SCHEME

This scheme benefits all categories of economically weaker students for pursuing Professional/technical
courses in India only and provides full interest subsidy during the period of moratorium on Education loans
taken by EWS students.

Subsidy amount will be only for Rs. 7.50 Lakh irrespective of sanctioned loan amount (within the parameters
of IBA model education loan scheme).
5. INCOME LIMIT /PROOF OF INCOME:
The benefits of the Scheme are applicable to students belonging to economically weaker sections, with
having parental income upto Rs. 4.5 lakh per year (from all sources).

6. COMPETENT AUTHORITY FOR INCOME PROOF:

Competent authority for income proof is given in Annexure

7. OTHER TERMS AND CONDITIONS:

It is the responsibility of students to submit the required documents to their branches in time to enable them
to claim subsidy within the time schedule as per guidelines.

For Education loans exceeding Rs.10 lakh the subsidy under the scheme is available up to Rs.10 lakh only for
studies in India upto 31.03.2018.

Further, subsidy amount will be only for Rs.7.50 lakh irrespective of sanctioned loan amount (within the
parameters of IBA Model Education Loan Scheme) for all loans taken w.e.f. 01.04.2018.

Third Party Guarantee or Collateral Security: Loan sanction on or after 01.04.2018, account having third party
guarantee or collateral security” will not eligible for subsidy.

8. LIST OF ELIGIBLE COURSES:

The eligible courses / institutes: The professional and technical courses as approved under the IBA’s scheme
are eligible for the purpose of the scheme. The indicative list of approved courses of IBA is as under:-
 Approved courses leading to Graduate/ Post Graduate degree and PG Diplomas conducted by
recognized colleges/ universities recognized by UGC/Govt. / AICTE/ AIBMS/ ICMR etc.
 Courses like ICWA, CA, CFA etc.
 Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.
 Regular Degree/Diploma courses like Aeronautical, pilot training, shipping Nursing or any other
discipline approved by Director General of Civil Aviation/Shipping/State Nursing Council or any
other regulatory body as the case may be, if the course is pursued in India.
 Approved courses offered in India by reputed foreign universities.
 Research Programmes recognized by designated academic authority/regulatory body.

Further, list of Centrally Funded Technical institutions and institutions of National importance is available on
MoHRD website URLs http://mhrd.gov.in/technical-education-1
& http://mhrd.gov.in/institutionsnational- importance. The list of NAAC accredited universities/institutions is
available at NAAC website URL http://www.naac.gov.in/universities_colleges.asp and NBA recognized
professional courses is Available at NBA website URL http://www.nbaind.org/accreditation-status.aspx. In
case of doubt, field functionaries may approach UGC/AICTE and other councils for clarification, for which
UGC/AICTE and other councils would be requested to create Cells and identify Nodal officers, whom banks
can approach for relevant information.’

List of accredited universities /Central Institutes of Hotel Management and Catering Technology, State
Institutes of Hotel Management and Catering Technology, Food Craft Institutes and Indian Institutes of
Tourism and Travel Management which are administered by the Ministry of Tourism and are also eligible for
Interest Subsidy Scheme on Education loans

9. NODAL BANK:
The nodal Bank for the scheme is Canara Bank.
10. DISBURSEMENT OF INTEREST SUBSIDY CLAIMS
As per IBA vide their letter No. RB/CIR/EDL/5439 dated 05.07.2018, MoHRD, GOI has decided to
implement Direct Benefit Transfer (DBT) process, so that the subsidy released by the Ministry can be credited
directly to the individual loan accounts by Nodal Bank (Canara Bank).
 Personal Loans

Personal Loan Scheme for Life Insurance Corporation (LIC) Of

India Employees
Objective Personal Loan Scheme for LIC employees
Purpose To meet all types of personal needs.
All Confirmed/ permanent employees of Life Insurance
Eligibility
Corporation of India (LIC) with minimum 1 years of service.
Quantum Of Up to 24 times of Gross Monthly Salary with a maximum of
Finance Rs.20.00 Lakh depending upon the repaying capacity
Margin Nil
Nil security if salary credited in account is more than Rs.
75000/- per month in last 3 months.
Security
In all other cases - Suitable third party guarantee acceptable to
the Bank.
Repayment The entire loan (principal & interest) shall be repaid within
(Maximum) remaining period of service or in maximum 72 (Seventy two)
Prepayment
Nil
Charges
Criteria Rate Of Interest
LIC employees having
RLLR +BSP
Rate Of Interest salary account with us
LIC employees not
having salary account RLLR +BSP +0.50%
with us
Processing
Charges/ Upfront Nil
Fee
Documentation
Nil
Charges
 Personal Loan Scheme for Public

To make available Financial Assistance to the salaried for their personal

Objective
needs.
To meet all types of personal needs (e.g., for medical treatment of self or
Purpose a family member, marriage of self, son/daughter, defraying expenses on
education of wards, expenses for domestic or foreign travel etc.)
i. Drawing salary from our Bank:
• All Confirmed/ permanent employees of Central/ State Govt./ PSUs
minimum 2 years of service, including service with the previous
employer(s), if any, all reputed* companies/Institutions including
Schools, Colleges, Universities, autonomous bodies, Hospitals,/Nursing
Eligibility Homes who are drawing their salary through accounts maintained with
our branches.

ii. Check-off facility:

Others minimum 3 years of service, including service with the previous
employer(s), if any.
Up to 24 times of Gross Monthly Salary with a maximum of Rs.20.00
Quantum Of Finance
Lakh depending upon the repaying capacity.*
Margin NIL
Security Suitable third party guarantee acceptable to the Bank
Term Loan:
The entire loan (principal & interest) shall be repaid within remaining
period of service or in maximum 72 (Seventy-Two) equated monthly
installments (EMIs) whichever is earlier. Repayment to start one month
after disbursement of the loan.
Overdraft:
Repayment
The Overdraft Limit shall be adjusted within remaining period of service
(Maximum)
or in maximum period of 72 months by reducing Drawing Power (DP)
equivalent to EMI amount at the beginning of every month.
Personal loans allowed to Defence Personnel including officials of
Military Station Headquarters, Border Security Force, Central Reserve
Police Force, Central Industrial Security Force, Indo Tibet Border Police
etc. shall be Repayable in maximum 60 equated monthly installments.
Prepayment Charges NIL
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ As per Circulars issued separately from time to time
Upfront Fee
Documentation As per Circulars issued separately from time to time
Charges
Above are only salient features of the scheme. For details please contact nearest branch
*Loan amount will also depend on maximum permissible deduction permitted under the scheme
 PERSONAL LOAN SCHEME FOR SELF-EMPLOYED

To make available Financial Assistance to self-employed for

Objective
their personal needs.
For personal use.
The scheme is applicable to professional and initially scheme
Purpose shall be applicable to CA/CS, Data Analysts, Architect/ Valuers,
LIC Agents, Engineers, Software Developers and Financial
Consultants only
Individual only – Professionals having minimum gross annual
income (GAI) of Rs. 6.00 lakh for the last two years and also
having minimum CIC score of 750 and above.
Maintaining his/her Saving Fund/ Current Account
Eligibility
satisfactorily with us for the last 2 years with minimum annual
credit transactions in all saving/ current accounts of the
customer in our bank/ other banks, in similar capacity,
amounting to Rs5.00 lac in the previous financial year
10 times of average Gross monthly income of last two years with
Quantum Of Finance
a maximum of Rs.5.00 Lakh*
Margin NIL
Suitable third party guarantee, other than close relative,
acceptable to the Bank, having minimum gross annual income
Security
(GAI) of Rs. 6.00 lakh for the last two years. CIC score of
guarantor will be minimum 650
Repayment (Maximum) Maximum 60 EMIs or up to 65 years of age whichever is earlier
Prepayment Charges Nil
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ Upfront As per Circulars issued separately from time to time
Fee
Documentation Charges As per Circulars issued separately from time to time

Above are only salient features of the scheme. For details please contact nearest branch
*Loan amount will also depend on maximum permissible deduction permitted under the
scheme.
*The scheme is applicable in Metro and Urban branches (initially in metro Branches only)
only.
 Personal Loan Scheme for Doctor`s

Purpose For meeting expenses of professional/personal requirement.

Professionally qualified practicing/serving Doctors viz., MBBS, BDS &
above having Net Annual Income/Salary of Rs. 5.00 lakh and above. Doctors
should be taxpayers for the last two years.
Eligibility
Borrower should have a continued occupancy at current place of residence,
of a minimum of 2 years. (Not applicable in Case of Doctors who are
Employees of Govt./Institutions etc)
Minimum amount of loan will be Rs. 2,00,000/- and maximum amount of
Quantum Of loan Rs. 20,00,000 or 24 times monthly gross salary/income whichever is
Finance lower. Minimum Gross Annual Income/Salary of Rs.5.00 lakh and above is
mandatory.*
Margin Nil
Suitable third party guarantee acceptable to the Bank.
Security OR
Tangible Collateral Security of the value of 100% of loan amount.
Term Loan:
The entire loan (principal & interest) shall be repaid within remaining
period of service or in maximum 84 equated monthly installments (EMIs).
Repayment Repayment to start one month after disbursement of the loan.
(Maximum) Overdraft:
The overdraft Limit shall be adjusted within a maximum period of 84
months by reducing Drawing Power (DP) equivalent to EMI amount at the
beginning of every month.
Prepayment
NIL
Charges
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ As per Circulars issued separately from time to time
Upfront Fee
Documentation As per Circulars issued separately from time to time
Charges

Above are only salient features of the scheme. For details please contact nearest branch
*Loan amount will also depend on maximum permissible deduction permitted/Cibil Score
under the scheme
 Personal Loan Scheme for Pensioners

To provide financial assistance to the public drawing pension

Objective
through PNB
Purpose To meet personal needs including medical expenses.
Eligibility All types of pensioners drawing pension through our branches
Minimum Rs.25,000/-
Maximum Loan amount:
 Age upto 70 years: Rs. 10,00,000/- (Rupees Ten lac only) OR 18 times
of net monthly Pension (For Defence pensioners, 20 times net monthly
pension), whichever is lower.
Quantum Of Finance  Age above 70 years and upto 75 years: Rs 7.50 lac OR 18 times their
net monthly Pension (20 times in case of Defence Pensioners),
whichever is lower;
 Age above 75 years: Rs. 5.00 lac OR 12 months of pension amount,
whichever is lower.
Margin NIL
Guarantee of spouse eligible for family pension to be obtained OR
guarantee of earning children (preferably Govt Employee) OR third
Security
party guarantee with net means equal or more than loan amount,
acceptable to the Bank.
Term Loan: - Maximum 60 equal monthly installment or up to the age
of 78 years whichever is earlier.
Repayment (Maximum)
Over Draft: - Maximum 60 months or up to the age of 78 years
whichever is earlier on monthly reducing DP basis.
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ As per Circulars issued separately from time to time
Upfront Fee
Documentation Charges As per Circulars issued separately from time to time

Above are only salient features of the scheme. For details please contact nearest branch
 PNB Baghban
A Scheme for House Owning Senior Citizens of India under
`Reverse Mortgage Concept`

To address the financial needs of senior citizens owning self-occupied property (house) for
Objective
leading a decent life.
Purpose For generating income/supplementing pension/other income for day to day requirements.
Residential house/flat owner, resident of India, age of 60 years & above The residential house/flat
should be in his/her single name or jointly with his/her spouse, with clear title in his/her/their
Eligibility name(s)
In case of joint account, one of the spouse must be of the age of 60 years & above, while the age
of other spouse should be minimum 58 years.
Qualifying/ Realizable value of residential property after maintaining margin of 20%. Maximum qualifying
Maximum amount of loan along with interest shall be restricted to Rs.100 lacs.
Amount Of Lump-sum payment be permitted only for medical treatment of senior citizen borrower, his/her
Loan/ Margin spouse and dependents, if any, subject to ceiling of Rs.15 lacs
The loan shall be extended as regular fixed monthly payments calculated calculated on `Reverse
Annuity basis` as per the chart given hereunder) during the loan period or till the death of the
last surviving spouse, whichever is earlier. Amount to be paid to the senior citizen borrower for
different tenors of loan per lac of rupees is as under :- This is subject to change on account of
Disbursement/ change in RLLR/ROI
Tenor Of Loan
Tenor (yrs) 10 11 12 13 14 15 16 17 18 19 20
Monthly
501 431 373 326 286 251 222 197 175 156 140
Installment (Rs.)
Equitable Mortgage of Residential Property in favour of the Bank. Residual life of the
Security
residential property should be at least 20 years.
The legal heirs of the borrower(s), after the death of borrowers (both spouses), will have the
option, to settle the loan along with accumulated interest, without sale of property. The loan will,
Repayment
as such, become due for recovery and payable six months after death of the last surviving spouse
(Maximum)
The borrower will have the option to pre-pay the loan at any time during the currency of the
loan or later.
Prepayment In case there is any takeover of loan by other financial institution/Bank, a charge of 2% on the
Charges amount taken over
Rate Of Interest As per Circulars issued separately from time to time
Processing As per Circulars issued separately from time to time
Charges/ Upfront
Fee
Documentation As per Circulars issued separately from time to time
Charges
Above are only salient features of the scheme. For details please contact nearest branch
 Advance against Gold and Jewellery

For productive purposes such as agricultural/allied and other activities

Purpose as well as for non-productive purposes (meeting medical, educational,
marriage expenses and other unforeseen expenses etc.)
Productive purposes & Non-productive purposes
Quantum Of Finance Min. Amount of Loan – Rs 0.25 lakh
Max. Amount of Loan - Rs.10.00 lakh
i. 35% for bullet payment option
Margin
ii. 25% for payment of interest as and when levied option
Security Gold jewellery, ornaments
Rates 22 carat gold for the purpose of financing to be advised by RBD
HO at prescribed intervals (presently monthly basis). In case Gold
Valuation
with purity less than 22 carat is accepted as security, the value be
converted proportionately into 22 carat for financing under the Scheme
Loans for Agricultural Purposes:
The loan may be repaid by any of the following option:
i. Interest required to be charged/recovered at yearly/half yearly intervals
coinciding with the harvesting of crops. However, the account to be
adjusted within a maximum period of 12 months or as and when
demanded. OD facility to be renewed annually. (Keeping in view
seasonality of the crop, the Circle Head may permit repayment within a
maximum period of 18 months)
Repayment
ii. Repayment through Bullet Payment i.e. payment of interest and
(Maximum)
principal at maturity.
Loans for Non Agricultural Purposes (Productive & Nonproductive):
The loan may be repaid by any of the following option:
i. Regular servicing of interest as and when levied. Principal being
repayable within 12 months or as and when demanded. OD facility to be
renewed annually.
ii. Repayment through Bullet Payment i.e. payment of interest and
principal at maturity.
Prepayment Charges NIL
Rate Of Interest As per Circulars issued separately from time to time
Processing Charges/ As per Circulars issued separately from time to time
Upfront Fee
Documentation As per Circulars issued separately from time to time
Charges
Above are only salient features of the scheme. For details please contact nearest branch
 MISC LOANS
Advance against Sovereign Gold Bonds

i. A person resident of India, being an individual in his

capacity as individual or on behalf of minor child, or jointly
Eligibility with another individual.

ii. Trust, HUF, Charitable Institutions and University.

Nature Of i. Demand Loan
Facility ii. Overdraft
Quantum Of Minimum – Rs. 50000/-
Finance Maximum - Rs.10.00 lacs
Individuals – 25%
Margin
Other than individuals – 40%
Pledge/Lien on Sovereign Gold bond in favour of the bank.

Security Loans will be available against Sovereign Gold Bonds held in

Dematerialised form with the Depository Participant of NSDL
only.
In case of demand loan, the disbursement of the loan should
be by way of credit in the operative account of the
borrower with the Bank.
Disbursement
Interest will be charged on annual basis and will be
serviced as and when levied.
Repayment Till the date of maturity i.e Maximum 8 years or residual
Period period of the Gold Bond whichever is earlier.
Rate Of Interest As per Circulars issued separately from time to time
Upfront Fee As per Circulars issued separately from time to time
Documentation As per Circulars issued separately from time to time
Charges
 Loan against Mortgage of Immovable Property
For all personal purpose except speculative purpose.
Note:-The loan shall not be granted for investment in real estate business,
Purpose
speculative (Speculation in stock, shares, securities, commodities, bullion etc)
& prohibitive purposes as restricted by Law.)
Individual, Joint owners are also eligible, having immovable property to be
Eligibility
mortgaged and sufficient income to repay the loan.
i. For salaried : Minimum net monthly salary of Rs.25,000/-
Income Criteria
ii. For other than salaried: Minimum net annual income of Rs.3,00,000/-
i. Minimum: Rs. 2.00 lakh
Quantum Of Finance
ii. Maximum: Rs. 500.00 lakh
i. Term Loan
Nature Of Facility
ii. Over Draft
a) 65% of the realizable value of the property.
or
b) For Salaried: 36 times of gross monthly salary on the basis of last/latest
Assessment Of Loan
salary certificate. Whichever is lower of ‘a’ and ‘b’ .
c) For Non-Salaried: 36 times the average gross monthly income of last three
years, as reported in the last three ITRs. Whichever is lower of ‘a’ and ‘c’.
Max. Permissible Deduction of GMS/I:
Gross monthly total salary/income up to Rs. 1.00 lakh: 60%
Gross monthly total salary/income above Rs. 1.00 lakh: 70%
All deductions for this purpose will include proposed mortgage loan
installment, existing deductions (except statutory deductions), loan
installments, actual interest on term loans, notional interest on full sanctioned
Repaying Capacity limit of CC, OD etc. and should not exceed the prescribed ceiling.
Repaying capacity/ assessment of loan, is to be calculated on the basis of latest
salary slips for salaried borrower(s) and on the basis of the average of last
three year ITR for other than salaried borrower(s). Further, regularity of
salary/income is to be ensured by taking latest salary slip /3 years ITRs/Form
16/ Balance Sheet [Audited Balance Sheet wherever stipulated] for all
borrower(s), i.e., salaried & other than salaried.
Equitable/ Registered Mortgage of the non-encumbered built up and self-
Security occupied residential House/Flat/ commercial/ industrial property having
minimum residual life of 25 years.
Subject to regular source of income, Loan amount together with interest to be
repaid:
Repayment
Overdraft: On reducing DP Basis to be liquidated in 15 years. Or up to the age
(Maximum)
of 70, whichever is earlier.
Term Loan: 180 Months or up to the age of 70, whichever is earlier
Prepayment Charges NIL
Rate Of Interest As per Circulars issued separately from time to time
Upfront Fee As per Circulars issued separately from time to time
Documentation As per Circulars issued separately from time to time
Charges
 MoU with Army Group Insurance Fund
For Extending Housing Loan to the Members of AGIF

Scheme Salient Features

 Housing Loan under PMAY - Primary Loan by PNB & Top-up Loan
by AGIF
 It will help the members of AGIF in getting the benefit of subsidy
available under PMAY.

SCHEME–I Loan Amount.
o
EWS & LIG- Rs. 6,00,000/-
o
MIG-I- Rs. 9,00,000/-
o
MIG –II- Rs. 12,00,000/-
 Rate of Interest - As applicable under Housing Loan for PNB Pride
 Primary Loan by AGIF & Top-up Loan by PNB.
SCHEME– Top up Loan up to Rs. 20 lakh.
II 
 Rate of Interest - As applicable under Housing Loan for PNB Pride
 As per existing policy, AGIF provides House Building Advance to its
member’s only while in active Army Service which is repayable by the
date of superannuation. Members who avail a loan or desire to avail a
loan later in service are sanctioned lesser amount of loan because of
SCHEME- the reduced tenor which invariably increases the EMIs and surpasses
III the individual’s monthly repaying capacity.
 AGIF will grant the loan to the members for 20 years period. The
balance outstanding of the remaining tenor of the loan would be taken
over by PNB.
 Rate of Interest - As applicable at the time of takeover.
 Checklist
For Housing Loan
While applying for the loan, the borrower is required to furnish the following
information.
 Loan application form duly completed with Photograph.
 Identity proof.
 Address/Residence proof.
 Age proof.
 Educational qualification proof.
 Income proof.

Salaried Class: Latest Salary certificate issued by the employer (indicating

gross and net salary). Income tax Return/Form16 for last 2 years whichever is
applicable. Bank Statement of salary accounts for last 6/12 months whichever
is applicable.

Agriculturist: Record of land holding & cropping pattern or any other proof of
income.

For All Other individuals: - ITRs and Audited Balance Sheets (Wherever
applicable) for the last 2 years of business/activity. Bank Statement of account
for last 6/12 months, whichever is applicable.

 Income proof of spouse/earning children/Parents, Whichever is

applicable, where the same is to be considered for determining loan
amount.
 Property documents as per Property Check-List as below

A.1 FOR PURCHASE OF BUILT HOUSE/FLAT/DWELLING UNIT FROM

INDIVIDUALS IN THE NAME (S) OF THE BORROWER (S):
1.1 Proof of Title of the Vendor;
1.2 Approved Plan of the House/Flat to be purchased;
1.3 Attested copy of completion certificate, if obtained;
1.4 Agreement to sell along-with original receipts of payment of earnest
money etc. made by the borrower (s) to the vendor;
1.5 In case of leasehold property, letter of authority from appropriate
authority permitting transfer and mortgage of the property;
1.6 Non-encumbrance certificate.
A.2 FOR PURCHASE OF PLOT/LAND
2.1 Proof of Title of the Vendor;
2.2 Agreement to sell along-with original receipts of payment of earnest
money etc. made by the borrower (s) to the vendor;
2.3 In case of leasehold plot/land, letter of authority from appropriate
authority permitting transfer and mortgage;
2.4 Non-encumbrance certificate.

A.3 FOR CONSTRUCTION/REPAIR /RENOVATION/ ADDITION/

ALTERATION/ COST OF FURNISHING
3.1 Attested copy of Sale Deed/Lease Deed;
3.2 In case of construction/addition/alteration, plan approved by the
competent authority;
3.3 Estimate of construction / repair/ renovation / addition/ alteration by
a qualified Civil Engineer/Architect;
3.4 In case of leasehold property, letter of authority from appropriate
authority permitting mortgage;
3.5 Non-encumbrance certificate

A.4 FOR PURCHASE OF HOUSE/FLAT FROM DEVELOPMENT

AUTHORITY/HOUSING BOARD/PRIVATE BUILDERS/GROUP
HOUSING SOCIETY
4.1 Agreement to Sell/Letter of Allotment/Brochure of Scheme and other
relevant correspondence between the borrower(s) and vendor (Builder)
regarding sale and purchase of the property;
4.2 Original receipts of payments made by the borrower (s) to Builder;
4.3 In case of leasehold property, letter of authority from appropriate
authority permitting mortgage;
4.4 In case of proposal of members of Group Housing Societies, a letter
(NOC) from the Society duly signed on its letter head;
4.5 Share certificate issued by the concerned Society in respect of
borrower’s own holding in its capital together with transfer deed signed
in blank for the said share.
A.5 FOR PURCHASE OF LEASEHOLD PROPERTY ON POWER OF
ATTORNEY/AGREEMENT TO SELL BASIS
5.1 Proof of title of vendor;
5.2 Proof of possession of Vendor;
5.3 Agreement to sell and original receipts of payments made by the
borrower (s) to the vendor;
5.4 Non-encumbrance Certificate;
5.5 Power of Attorney executed by the Vendor;
5.6 “Will” of the vendor;
5.7 Letter of Awareness-cum-Possession from Vendor.

NOTE: THE ABOVE LIST IS SUGGESTIVE AND DOCUMENTS TO BE

OBTAINED AS PER LOCAL REQUIREMENTS’

 Statement of Assets and Liabilities with supportive documents.

 Any other document/paper which may be necessary as per requirement
of the case.

Check list for Vehicle Loan

NEW CAR/VAN/JEEP
1. Loan application form duly completed with recent photograph.
2. Proof of Income:
3. Salaried Class: Latest Salary certificate issued by the employer
(indicating gross and net salary). Income tax Return/Form 16 for last 2
years whichever is applicable. Bank Statement of salary accounts for last
6/12 months, whichever is applicable.
4. Business Concern: ITR and Audited Balance Sheet of the Firm/Company
for the last 2 years.
5. Persons engaged in Allied Agricultural Activities and Agriculturists:
Record of land holding & cropping pattern or any other proof of income.
6. Age proof.
7. Address Proof.
8. Quotation from authorized dealer for vehicle to be purchased.
9. Proof of income of spouse/parents/earning children, whichever is
applicable, where the same is to be considered for determining loan
amount.
 10.Guarantor Detail with all supportive papers and photo, if applicable
11.Statement of Assets and Liabilities with supportive documents.
12.Any other document/paper which may be necessary as per requirement
of the case.

FOR OLD CAR/VAN/JEEP

1. Loan application form duly completed with recent photograph.
2. Proof of Income- mentioned above for New Car/Van/Jeep-Vehicle Loan.
3. Age Proof.
4. Address Proof.
5. Particulars of vehicle to be purchased and copy of Registration
Certificate Of vehicle (Original to be produced at the time of
disbursement).
6. Latest quotation of the vehicle from authorized dealer.
7. Proof of income of spouse/parents/earning children, whichever is
applicable, where the same is to be considered for determining loan
amount.
8. Agreement to Sell between Seller and Purchaser.
9. Prescribed Transfer Form duly executed by the Seller for onward
submission to RTO.
10.Copy of receipt of up-to-date deposit of Road tax/other taxes.
11.Guarantor Detail with all supportive papers and photo, if applicable
12.Statement of Assets and Liabilities with supportive documents.
13.Any other document/paper which may be necessary as per requirement
of the case.

Check list for Education Loan

1. Loan application on Bank`s format.
2. Passport size photograph.
3. Proof of Identity and Address as per Bank’s KYC Guidelines.
4. Proof of Age.
5. Copy of PAN*.
6. Proof of having cleared last qualifying examination.
7. Letter of admission.
8. Prospectus of the course wherein charges like Admission Fee,
Examination Fee, Hostel Charges etc. are mentioned.
9. Any other document/information, depending upon the case and purpose
of the loan.
 10.Photocopy of passport and visa for studies abroad**.

Note: Aadhaar is mandatory for student, wherever applicable as per Supreme

Court decision.

Co-Applicant/Guarantor:
1. Loan application on Bank`s format.
2. Passport size photograph.
3. Proof of Identity and Address as per Bank’s KYC Guidelines.
4. Proof of Age.
5. Copy of PAN*.
6. Previous / existing loan, if any, from other Banks/Lenders, Statement of
account for last 6 months, Sanction letter to be obtained.
7. Income documents such as Income certificate issued by designated
authority of the respective State Govt./UT administration/ITR/Form
16/Audited accounts as per scheme guidelines is mandatory in case of
students wants to avail benefit of Government Interest Subsidy schemes.
8. In case loan is to be collaterally secured by mortgage of IP, copy of Title
Deed and other documents required for proof of Title.
9. Any other document/information, depending upon the case and purpose
of the loan.
10.*If PAN is not available at the time of sanction, the same must be obtained
before disbursement of loan.
11.** Copy of Visa is required before first disbursement of Education Loan.

Check list Personal Loan

1. Loan application form duly completed with photograph
2. Proof of Income:
3. For Salaried persons:
4. Latest Salary certificate, ITR/Form No.16 for the last 2 years, duly
authenticated by employer. Statement of Account: At least of one year
(In case of salaried employees, statement of account should be of that
account, in which their salary is being credited.
For LIC Agents
1. Latest Salary certificate, ITR/Form No.16 for the last 3 years
2. Statement of Account: At least of one year (of that account whose
declaration has been made in the Income Tax Returns).
3. Agency number / agency code
 4. Assignment of LIC policy of self, with sum assured equivalent to loan
amount or Tangible Collateral Security of the value of 100% of loan
amount

For Doctors
1. Latest Salary certificate/ ITR/Form No.16 for the last 2 years.
2. Statement of Account: At least of one year (of that account whose
declaration has been made in the Income Tax Returns).
3. Age proof.
4. Address proof.
5. Guarantor Detail with all supportive papers and photo, if applicable.
6. Statement of Assets and Liabilities with supportive documents.
7. Any other document/paper which may be necessary as per requirement
of the case.

For Pension Loan

Common for Demand Loan, Term Loan and Overdraft

1. (Loan application form duly completed with photograph)Request-cum-
sanction Letter for Personal Loan to pensioners
2. Age proof.
3. Address Proof.
4. Pensioner`s Portion of PPO in original (to be retained until liquidation of
loan account).
5. Letter of authority (in duplicate) to be taken in case of DPDO Pensioners
– ANNEXURE - IV. The same is sent by registered post to the DPDO
along with information in writing regarding disbursement of the loan to
the concerned pensioner. Further an Affidavit may be obtained from the
concerned pensioner that he/she shall not change his/her present
disbursing branch/bank without bank`s consent.
6. Guarantor Detail with all supportive papers and photo, if applicable.
7. Letter of Authority Ann-III
8. Any other document/paper which may be necessary as per requirement
of the case

PNB My Property Loan.

1. Loan application form duly completed with photograph
2. Age proof
 3. Address Proof
4. Income Proof;
5. Salaried: - Latest ITR / Form 16 of last 3 years with latest salary slip.
Statement of A/c for the last six months in which salary is being credited.
6. Non-Salaried- Latest ITR of last 3 years. Statement of A/c for the last six
months in which business income is being credited on regular basis.
7. Proof of income of spouse/parents/earning children, whichever is
applicable, where the same is to be considered for determining loan
amount/repaying capacity, if applicable
8. Paper of Immovable Property purposed to be mortgaged.
9. Statement of Assets and Liabilities with supportive documents
10.Any other document/paper which may be necessary as per requirement
of the case.

Reverse Mortgage Loan

1. Loan application form duly completed with photograph
2. Paper of Property to be Mortgaged
3. Declaration/Undertaking.
4. Co Borrower detail, if any.
5. Life Certificate-VII.
6. Any other document/paper which may be necessary as per requirement
of the case.

Gold Loan/ Sovereign Gold Bond Loan

1. Application for Loan against Gold Jewellery / Ornaments Annexure-B.
2. Loan application for advance against Sovereign Gold Bonds-Annexure
D-PNB 2024.
3. Details of Sovereign Gold Bond offered as security-Annexure G-PNB
2026.
4. Any other document/paper which may be necessary as per requirement
of the case.
 Online Overdraft Facility against Fixed Deposit

Features Description
Eligibility Customer using Retail Internet Banking Service/ PNB ONE
Minimum – Rs. 25000.00
Amount Of Advance Maximum – Rs. 500 lac in case of Sugam Deposit and below Rs. 100 lac
in Deposit under other schemes
The maximum loan period of overdraft against FD is upto 3 years or
Loan Period
residual period whichever is less.
Eligible Fixed Fixed Deposit in the same name having residual period of upto 3 years.
Deposit Tax Saver/Capital Gains FD are not eligible
For General Public
 5% - Maturity period remaining at the time of granting advances is upto
2 years
 7.5% - Maturity period remaining at the time of granting advances is
Margin
above 2 years and upto 3 years
For Staff & Ex- Staff
 Up to Rs. 10.00 lac – 5.00%
 above Rs. 10.00 lac - As applicable to public
Presently for General Public
 0.75% above the interest rate allowed on deposit.
For Staff & Ex- Staff
Rate Of Interest  Advance up to Rs. 10 lacs - At par with interest on the deposit.
 Advance above Rs. 10 lacs - 1% above the interest rate allowed on
deposit.

Special Terms & Conditions

 One OD against One FD. Multiple combination of Fixed Deposit for the purpose of availing
Overdraft limit shall not be permitted.
 No document (stamped Overdraft agreement etc) required.
 Provision of auto crediting of the periodical interest on the special FD a/c to the loan account.
 Online overdraft advance will be liquidated on maturity of FD in all cases and the surplus
fund will be credited to the linked account from where the FD has been made.
 System will fix the e-OD limit after maintaining the prescribed margin.
 Cheque book facility will be available in the e-OD account against FD.
 Mandate for auto renewal of the FD will be cancelled in the system before allowing e-OD
against the said FD.
 Partial withdrawal will not be allowed in FD on which e-OD facility has been availed.
 Closure of e-OD account will not be permitted until maturity of FD even if the e-OD balance
comes to zero or in credit. This will be permitted only in cases of margin erosion beyond a
certain specified level.
 Pre-mature closure of FD will be permitted on customer’s specific request, by visiting the
branch.
 E-OD account will be opened in the same sol where FD is made.
 No third party advance will be allowed.
 Overdraft against deposits standing in the name of the minor will be allowed to the natural
guardian/ guardian appointed by the Court only in his/her individual capacity for the benefit
of the minor only. An undertaking to this effect will be obtained from the guardian online.

Procedure to Be Followed By The Customer While Availing The Facility Of E-OD Against
Fixed Deposit (Retail Internet Banking)

 Customer has to login his/her Retail Internet Banking.

 Customer has to click on the option – Manage Accounts.
 Then under the option Manage Accounts he/she has to click on the option – Open OD
Account against FD
 After this Customer has to select FD account from the dropdown against which he/she wants
to avail an Overdraft.
 He /She has to enter the amount of OD, which should be less than the FD amount less
stipulated margin.
 He/She will be shown eligible amount for OD account. Entered amount must be either equal
to, or, less than the eligible amount.
 Then he/she will be displayed “Terms & Conditions”. After reading that he/she has to click
on AGREE button given on the bottom right side.
 In case FD is in the name of Minor, and his/her natural guardian or guardian appointed by
law is availing OD, then he/she have to click on AGREE button placed on the right side
located at the bottom of the prescribed undertaking.
 Customer OD Account number will be displayed on the screen and will be visible
under “Operative Accounts” on the next date.
 Thereafter, the customer can place request for cheque book through IBS. The same will be
issued as per procedure.

Procedure To Be Followed By The Customer While Availing The Facility Of E-OD Against
Fixed Deposit- PNB ONE (Mobile Application)
 Login to PNB ONE & Go to Services Option.
 Under Services Option Select Accounts.
 Under Accounts Option select “OD against FD”.
 Select OD against FD, then accept terms and condition and click Continue.
 Select the FD account eligible for OD.
 Select the FD account and screen will show the Deposit Amount, fill the loan amount
required and click continue.
 MSME Banking

MSME Schemes

1. PNB e-MUDRA (SHISHU) SCHEME

2. PNB BUSINESS EXPRESS SCHEME FOR PATANJALI AYURVED LIMITED
(PAL)
3. PNB GST EXPRESS SCHEME
4. MSME PRIME PLUS
5. LOAN GUARANTEE SCHEME FOR THE COVID AFFECTED TOURISM
SERVICE SECTOR (LGSCATSS)
6. PNB COMPRESSED BIO GAS (CBG) UNDER ‘SATAT’ SCHEME
7. LOAN GUARANTEE SCHEME FOR COVID AFFECTED SECTORS (LGSCAS)
– HEALTH CARE SECTOR
8. PNB SHIKHAR SCHEME
9. PNB ELECTRONIC DEALER SCHEME FOR IOCL
10. PNB JEEVAN RAKSHAK SCHEME
11. RESOLUTION FRAMEWORK 2.0 – RESOLUTION OF COVID-19 RELATED
STRESS OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMEs)
12. PM SVANIDHI
13. GUARANTEED EMERGENCY CREDIT LINE (GECL) 1.0, 2.0, 3.0 & 4.0
14. PNB STANDBY LINE OF CREDIT
15. PNB e-GODAM- FINANCING AGAINST ELECTRONIC NRGOTIABLE
WAREHOUSE RECEIPTS
16. PNB WEAVER MUDRA CARD
17. PNB MAHILA UDYAMI
18. PNB SANJEEVANI
19. PNB ARTISAN CREDIT CARD
20. PNB LAGHU UDYAMI CREDIT CARD
21. PNB TRANSPORT LOAN
22. PNB GENERAL CREDIT CARD
23. PNB PROFESSIONAL
24. PNB SATKAAR
25. PNB GURUKUL
26. PNB TATKAAL
27. PNB ARHATIA
 Farmers
Agriculture Credit Schemes
 CENTRAL SECTOR SCHEME OF FINANCING FACILITY UNDER `ANIMAL HUSBANDRY
INFRASTRUCTURE DEVELOPMENT FUND` (AHIDF)
 CENTRAL SECTOR SCHEME FOR “FINANCING FACILITY UNDER AGRICULTURE
INFRASTRUCTURE FUND”
 SCHEME FOR FINANCING FISHERIES DEVELOPMENT UNDER FISHERIES AND
AQUACULTURE INFRASTRUCTURE DEVELOPMENT FUND (FIDF)
 PRADHAN MANTRI FORMALISATION OF MICRO FOOD PROCESSING ENTERPRISE (PM-
FME) SCHEME
 SHG COVID TATKAL SAHAYATA RIN
 PNB KISAN TATKAL RIN YOJANA
 LOAN APPLICATION FORM FOR AGRICULTURAL CREDIT FOR PM-KISAN
BENEFICIARIES
 SCHEME FOR FINANCING FARM HOUSE CONSTRUCTION
 ESTATE/ ORCHARD PURCHASE LOANS
 SCHEME FOR FINANCING VEHICLE FOR FARMERS/ AGRICULTURISTS
 WATER, SANITATION AND HYGIENE (WASH) LOANS
 SCHEME FOR FINANCING DAIRY DEVELOPMENT PROGRAMMES
 DAIRY VIKAS CARD SCHEME
 CREDIT AGAINST NATIONAL SAVINGS CERTIFICATES, FIXED DEPOSIT RECEIPTS AND
KISANVIKASPATRA TO FARMERS
 SCHEME FOR FINANCING PURCHASE OF ANIMAL DRAWN VEHICLES I.E. CARTS AND
DRAFT ANIMALS
 SCHEME FOR FINANCING SETTING UP OF BIOGAS UNITS
 SCHEME FOR FINANCING DEVELOPMENT OF WASTELAND
 SCHEME FOR FINANCING FORESTRY DEVELOPMENT PROGRAMMES
 SCHEME FOR FINANCING MINOR IRRIGATION
 SCHEME FOR FINANCING PIGGERY DEVELOPMENT
 SCHEME FOR FINANCING SERICULTURE
 SCHEME FOR FINANCING APICULTURE (BEE-KEEPING)
 SCHEME FOR FINANCING SHEEP GOAT BREEDING REARING ACTIVITIES
 SCHEME FOR FINANCING FISHERIES DEVELOPMENT
 PNB SAUR URJA YOJANA (PNB SOLAR ENERGY SCHEME)
 PNB SONA KRISHI RIN YOJANA (PNB Gold Agri- Loan Scheme)
 PNB KRISHAK SATHISCHEME (KSS)
 SCHEME FOR FINANCING MUSHROOM SPAWN PRODUCTION
 SCHEME FOR FINANCING MUSHROOM CULTIVATION
 SCHEME FOR FINANCING GREEN HOUSES
 SCHEME FOR FINANCING DEVELOPMENT OF HORTICULTURE (FRUITS, FLOWERS &
VEGETABLES) ANDPLANTATION CROPS
 SCHEME FOR FINANCING POULTRY FARMING
 SCHEME FOR FINANCING FARMERS FOR PURCHASE OF TRUCKS AND OTHER
TRANSPORT VEHICLES
 SCHEME FOR FINANCING SELF-PROPELLED COMBINE HARVESTERS
 FARM MECHANISATION SCHEME
 PRODUCE (MARKETING) LOAN SCHEME
 PNB KRISHI BHU- SWAMI YOJANA
 FINANCING TO CUSTOM HIRING SERVICE UNITS
 KISAN GOLD SCHEME
 SCHEME FOR FINANCING UNDER PNB KRISHI CARD
 SCHEME FOR FINANCING TO COLD STORAGE UNITS FOR FACILITATING THE
FARMERS AND ALSO TO MEET RUNNING EXPENDITURES OF COLD STORAGES
 SCHEME ON ORGANIC FARMING
 SCHEME FOR FINANCING TO FARMERS/PRODUCERS UNDER CONTRACT FARMING
ARRANGEMENT
 SCHEME FOR FINANCING TO FARMER PRODUCER ORGANIZATIONS (FPOS) AND
FARMER PRODUCER COMPANIES (FPCS)
 SCHEME FOR FINANCING AGRICULTURE ACTIVITIES ON UNREGISTERED LEASED /
RENTED LAND
 TRACTOR FINANCING WITHOUT MORTGAGE OF LAND
 FINANCING TO SELF HELP GROUPS (SHGs)
 FINANCING TO JOINT LIABILITY GROUPS (JLGs)
 SCHEME FOR FINANCING WOMEN JOINT LIABILITY GROUPS (JLGS) – COLLATERAL
FREE UPTO Rs. 10 LAKH
 PNB GRAM UDAY - FINANCING FOR LAND RECLAMATION

Central sector schemes

 Capital Investment Subsidy Scheme for construction/ expansion/ modernization of Cold
Storages and Storages for Horticultural Produce.
 Agriculture Marketing Infrastructure Scheme (AMI)
 Scheme for setting up of Agri clinics/ Agri Business Centres.
 Scheme For Financing Agri-Business Projects With Venture Capital Assistance From Small
Farmers' Agri-Business Consortium (SFAC)
 Dairy Entrepreneur-ship Development Scheme (DEDS)
 Central Sector Scheme on Pig Development
 Scheme for integrated Development of Small Ruminants and Rabbits
 Corporate Loans
Loan against Future Lease Rentals

PNB has introduced a scheme for property owners having their properties situated in
Metro/Urban/ Semi Urban/rural centres and who have let out such properties.

Eligibility
Property Owners having their properties situated in metro, urban, semi-urban and rural
areas who have leased out such properties to the following:

(i) Public Sector Undertakings / Govt. / Semi / State Govt. & reputed corporates, Banks,
Financial Institutions, Insurance Companies and Multinational Companies.

(ii) Reputed private schools/colleges (approved by/affiliated to State Board/University/

AICTE/ any other Govt. body).

(iii) Reputed private hospitals/ nursing homes.

(iv) Franchisees/dealers/distributors of reputed corporates

Nature & Extent of Loan

Term Loan or Overdraft on reducing Drawing Power

Maximum Loan amount based on Net Present Value of net rent receivables within un-
expired period of lease or loan tenor, whichever is lower.
The amount of lease rentals is to be considered net of TDS, GST or any other tax, wherever
applicable, for arriving at the eligible amount.

Security
 Assignment of lease rentals.
 Equitable mortgage of leased IP of which rental is assigned:-
 In case of loans having repayment period upto 5 years, the amount of loan should not
exceed the value of the property mortgaged.
 In case of loans having repayment period beyond 5 years, the amount of loan should
not exceed 75% of the value of the property mortgaged.
 In case of Company, personal guarantee of promoter directors.

Rate of Interest
- As per Circulars issued separately from time to time-

Repayment
Maximum 144 months or total lease period considered for arriving at the loan amount
whichever is earlier.
Upfront Fee (Term Loan & Overdraft on Reducing DP Basis)

S.No Exposure Charges

Up to Rs.10 Lakh
a. Up to Rs.5 Lakh NIL*
b. AboveRs.5 Lakh to Rs.10 Lakh 1.25%
Above Rs.10 Lakh (Based on Internal rating)
c. Rating A1 to A3 1.00%
d. Rating A4 to B2 1.25%
e. Rating B3 & below 1.50%

Documentation Charges

Exposure Charges
Up to Rs.10 Lakh NIL
> Rs.10 Lakh to Rs.1 Cr Rs.5000/-
> Rs.1 Cr to Rs.5 Cr Rs.10000/-
> Rs.5 Cr to Rs.50 Cr Rs.20000/-
> Rs.50 Cr Rs.50000/-

*GST Extra
For further details, please contact the PNB branch nearest to you.

SOLICITING FURTHER SUGGESTIONS