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18th November 2015, 03:32 PM
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Join Date: May 2012
Re: PNB OD Limit

Punjab National Bank is an Indian financial services company based in New Delhi, India. It was established in 1894. It is one of the Big Four banks of India. The bank has over 6,300 branches and over 7,900 ATMs across 764 cities.

Housing Finance Scheme For Public-


Eligibility for Overdraft limit -

Person who is availing or intends to avail housing loan facility for the purpose of purchase/ construction/ repair/ renovation is eligible to avail OD limit under the scheme.

Take over cases are also eligible under the scheme.

Maximum amount of Overdraft -

Minimum limit is Rs.50000/-
Maximum limit is Rs.25.00 lac.

However, sanction of Overdraft limit above Rs.5.00 lac is restricted to maximum 25% of the Housing Loan amount sanctioned

For loan above Rs.20.00 lac OD limit will be restricted to 25% of Housing loan sanctioned

The OD limit is for personal use without subject to any end use verification and it is not mandatory to use the same for Housing purpose.


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