Overdraft Facility in Punjab National Bank

Hello sir I am here as I want to know is Punjab National Bank offer Overdraft Facility to Pensioners so if you have any idea then please tell me ??

[Pathak]

Punjab National Bank initially started its business on 12th April of the year 1895. With their mission to provide banking services to the un-banked, they aim to be the leading player in global banking. Over the time, they have become a known name, especially in the Indo-Gangetic plains.

Yes this bank offer Overdraft Facility to Pensioners which is 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.

Eligibility Criteria:
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.


Other Services Offered under Personal Banking are:
-T. M. Card
-Balika Shiksha
-Bal Vikas
-Current Account (Smart banking)
-Combo Deposit Scheme
-Credit Card (Global)
-Debit Card
-Dugna Deposit Scheme
-Fixed Deposits
-Loan
-Mitra S. F. Account
-Prudent Sweep
-Rakshak Scheme
-Recurring Deposit
-Salary Account (Total freedom)
-Shikshak Overdraft Scheme
-Shikshak Sweep Scheme
-Term Deposits
-Vidyarthi S. F. Account
-World Travel Card