Punjab National Bank, the first government-run financial institution to provide a credit card in exchange for a fixed-deposit account, has made the decision to do so publicly. Clients may apply for a RuPay or VISA credit card with a maximum 80% credit limit online in exchange for a single or more FDs. A credit card secured by an FD may be used to get perks like a cash advance, lounge access, and attractive rewards.
Credit cards against FDs have the following important features:
- There is no need to submit any documents in order to get a credit card.
- Customers do not need to visit the branch in person since they may apply online.
- The virtual credit card will be issued immediately by the bank, with no waiting time.
- It will provide extensive insurance protection (on RuPay variant).
- The advantages of UPI connection on RuPay credit card are also available.
- There are also thrilling bonus points and deals.
The PNB credit card against FDs was announced via a tweet from the company's Twitter account. The following numbers may be used to get further information: 0120-4616200, 1800 180 2345.
PNB is providing a festival feast to kick off New Year's activities with no processing fees or paperwork costs throughout this time. The interest rates on house loans start at 8.55%, while auto loans start at 8.40%. Visit your local PNB branch or contact PNB through their toll-free lines for further details.
