PUNJAB NATIONAL BANK

-PRODUCT OFFERINGS-

Initially, it is important to understand the standing of PNB in the market

and it’s origin.
 ORIGIN & BACKGROUND
Punjab National Bank (PNB) is an Indian multinational banking and financial
services company. It is a state-owned corporation based in New Delhi, India. The
bank was founded in 1894. As of 31 March 2017, the bank has over 80 million
customers, 6,937 branches (7,000 as on 2nd Oct, 2018) and 10681 ATMs across 764
cities.

It also has global presence in countries like subsidiary in the UK (PNB International
Bank, with seven branches in the UK), as well as branches in Hong
Kong, Kowloon, Dubai, and Kabul. It has representative offices
in Almaty (Kazakhstan), Dubai (United Arab
Emirates), Shanghai (China), Oslo (Norway), and Sydney (Australia). In Bhutan it
owns 51% of Druk PNB Bank, which has five branches. In Nepal PNB owns 20%
of Everest Bank Limited, which has 50 branches. Lastly, PNB owns 84% of JSC (SB)
PNB Bank in Kazakhstan, which has four branches.

 PRODUCTS & SERVICES OF PNB

Deposits(Liabilites): Deposits, which is any bank’s primary function and also
helps in mobilization of stationery funds. These funds only help the banks to
provide loans to those who seek the bank.
Although, deposits are also termed as liabilities from the banker’s perspective
because the bank is responsible for the depositor’s money and bank must pay the
deposited money when they require it along with the interest that accumulates on
the deposited money.
Different types of products/deposit accounts offered by the PNB are:
Broadly, there are 4 different types, namely,

a. Savings Deposit(General) Account(Resident Individuals (either singly or jointly),

Associations, Trusts, Hindu Undivided Families (HUFs), Clubs, Societies etc. Institutions
specially permitted by RBI.)
 i. Premium Savings Account(Saving Account can be opened by Individuals
(either singly or jointly), Associations, Trusts, Hindu Undivided Families (HUFs),
Clubs, Societies etc.
ii. PNB Prudent Sweep for Individuals(Sweep in/out shall take place after
the cut off balance of Rs.1.00 lac and in multiples of Rs.10,000/-. Sweep out will
be on 5th, 15th and 25th of every month (If there is holiday on these days, sweep
out will be on the next working day from saving account.)
iii. PNB SF Prudent Sweep for the accounts of Institutions(Sweep
in/out shall take place after the cut off balance of Rs.10.00 lacs and in multiples
of Rs.1.00 lac. Sweep period is minimum 7 days and maximum one year. Sweep
out will be on daily basis.)
iv. Family Protection Account(A single individual who is willing to opt
insurance product subject to compliance of Know Your Customer (KYC)
Guidelines, execution of Account Opening Form and completion of requisite
formalities, viz., photographs, identity and address proof etc. She/He is required
to submit a prescribed application form for insurance product alongwith AOF for
SF)
v. PNB Junior SF Account(Account can be opened by a minor of any age
through his/her natural or legally appointed guardian.)
vi. PNB Vidyarthi SF Account(Zero Balance, Zero Charges Saving Fund
Account for Students)
vii. Basic Saving Bank Deposit Account(Saving Fund account can be opened
by an INDIVIDUAL singly or jointly, minors of the age of 10 years and above)
viii. PNB Rakshak Scheme(Zero balance Account)
ix. PNB Shikshak Sweep Scheme(All Permanent Teachers of recognised
schools/colleges/educational institutes are eligible to open account under the
scheme.)
x. Scheme for providing OD facilities to Pensioners(Eligibility:
Pensioners who are drawing their pension from our branches provided the
conduct of the account is satisfactory.)
xi. PNB Power Savings(Joint account can also be opened under the scheme
however the first name should be of woman.)
xii. PNB Pension Savings Account(Scheme for existing /prospective
pensioners with overdraft facility)
xiii. New Salary Savings Product(A new salary Product (Saving) loaded with
most desirable features)
b. Current Account
i. PNB Smart Banking Current Account( Current Account loaded with
most desirable features, privileges, flexibility and wider choice of variants to
cater to the diversified banking needs for any business activity - with or without
Sweep-in and Sweep-out facility.)
ii. PNB Current Deposit Account(Current Deposit Account is very
convenient product for frequent banking transactions by Individuals, Firms, HUF,
Companies, institutions etc. There is no limit on number of transactions in such
accounts and are most suitable for business operations. The product is available
at all branches.)
 c. Fixed Deposit: Under FD, there are 21 different types of FD schemes
which all have different criteria.
i. PNB Uttam - Non Callable Deposit Scheme
ii. PNB Recurring Deposit Scheme(E-RD)
iii. Schemes Covered(Under E-FD)
iv. FD Scheme For Road Accident Victims
v. Recurring Deposit Scheme
vi. PNB Anupam Term Deposit Scheme
vii. PNB Balika Shiksha
viii. PNB Capital Gain Account Scheme
ix. PNB Multi Benefit Term Deposit Scheme
x. PNB Scheme For Road Accident Victims
xi. PNB Special Recurring Deposit Product
xii. PNB Special Term Deposit Scheme
xiii. PNB Sugam Term Deposit Scheme
xiv. PNB Swechha Jama Yojna/Flexi RD
xv. PNB Ordinary Term Deposit Scheme
xvi. PNB Varshik Aay Yojana (VAY) Deposit Scheme
xvii. PNB Tax Saver Fixed Deposit Scheme
xviii. Prospective Sr. Citizen Scheme
xix. PNB Mibor Linked Notice Deposit Scheme
xx. PNB Floating Rate Fixed Deposit Scheme
xxi. PNB Bulk Fixed Deposit Scheme (ABOVE Rs.10 CRORE)

d. Capital Gain Account Scheme.

Loans(Assets): Among the two main functions of banks, facilitating loans is an important
activity that banks carry out. These are also called as assets because banks act as
lenders and lend money to those who come to seek financial assistance and borrowers
return the principal amount with interest charged over the time. That interest so earned
provide for the revenue of the bank. Punjab National Bank has diverse loan facilities for
various purposes. The main loans are mentioned below:
Bank loans are categorized in a broad manner:
a. Housing Loans
i.
Private Builder`S Approved Project On PAN India Basis
ii.
Housing Finance Scheme For Public - Pnb Max-Saver
iii.
PNB Pride Housing Loan For Government Employees
iv.
Housing Loan For Public
Housing Loan For Public – Pradhan Mantri Awas Yojana –
v.
Housing For All
vi. Housing Loan For Public – Pradhan Mantri Awas Yojana –
Housing For All- MIG
vii. PNB Gen-Next Housing Finance Scheme For Public.
b. Vehicle Loans
 i.PNB Pride Car Loan for Government Employees
ii.‘PNB Saarthi’- scheme for financing two wheelers to public
iii.‘PNB Power Ride’- Scheme for financing to wheeler to
women
iv. PNB Car loan
c. Education Loans
i. PNB Saraswati
ii. PNB Pratibha
iii. PNB Udaan
iv. PNB Kaushal, etc.
d. Personal Loans
i. Personal Loan scheme for public
ii. Personal loan scheme for Pensioners
iii. PNB Baghban
iv. Advance against Gold and Jewellery.
e. Misc. Loans
i. Loan against mortgage of immovable property
ii. MoU with Army Group Insurance Fund
iii. Retail Loan for BSNL employees
iv. Check List
v. Overdraft Facility.

PNB is having a wide variety of products catering all segments of the society, whether it
is young, old, men, women, working, retiree, etc.
They have 4,33,734.72 crores as advances given to many customers which generates
revenue in the form of interest.
Cash Credit, Overdrafts & Loans repayable on demand are the most popular in terms of
asset as it has amounted to Rupees 2,46,30,368 lakhs.(as per the Balance sheet of 2017-
18)

The main competitors of PNB are:

a. State Bank of India
b. Bank of Baroda
c. IDBI Bank
d. Canara Bank
e. Bank of India, etc.