11th Oct 16 PNB makes home, auto loans attractive for government staff
PNB has launched a new scheme named PNB Pride for government employees. Under this scheme, the bank will offer home loans at an interest rate of 9.3 to 9.8 per cent and auto loans at 9.55 per cent effective from October 1, 2016. PNB will also offer loans without any processing fee and documentation charges.
01st Oct 16 PNB revises lending rates
Punjab National Bank has revised its Marginal Cost based Lending Rates by 5 basis points effective from October 1. The overnight, 1 month, 3 month, 6 month, 1 year, 3 year, 5 year MCLR has reduced by 5 bps to 9.05, 9.10, 9.20, 9.25, 9.30, 9.45, 9.60 percent. For borrowers who have taken a home loan from PNB after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo.
17th Sep 16 Haryana Government to provide housing, vehicle loan at cheaper rates in collaboration with PNB
Haryana Government has announced that its state employees will be able to avail home loan, vehicle loan and personal loan at interest rate of 8.1 percent through the Punjab National Bank (PNB).
The difference between the agreed rate of the bank and the interest rate charged by the Government on various loans will be born by the government.
The bank will open an premier branch either in Chandigarh or Panchkula for the purpose of providing these loans to the employees at the earliest.
04th Sep 16 PNB current a/c holders to pay more for not having minimum balance - 04 Sept
Punjab National Bank will charge fine from October on current general account and PNB Smart Banking current account holders for not upholding the quarterly average balance as per the revised tariff. The charges for PNB Smart Banking silver account holders (QAB - Rs 1 lakh) hiked to Rs 500 per quarter. For gold account holders (QAB - Rs 2 lakh), the charges increased to Rs 1,000 and diamond account holders (QAB - Rs 5 lakh) will have to pay Rs 2,000 if their balance fall below Rs 5 lakh. Platinum account holders will have to pay Rs 4,000 if they fail to maintain Rs 10 lakh balance per quarter. For current general accounts, the bank has raised the initial deposit requirement as well as QAB for rural, semi urban and urban sectors.
01st Aug 16 PNB makes locker visiting facility free
Punjab National Bank is providing free locker visiting facility to its customers. Now customers can make any number of locker visits in a year without paying any extra charges. Earlier customer had to pay Rs. 50 per visit after completing 12 free locker visits. This facility has come in effect from 1st August, 2016.