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PNB launches Cardless Cash Withdrawal, Virtual Debit Card to mark 128th Foundation Day


New Delhi, APRIL 13, 2022

To honor its illustrious legacy of 127 years of service to the nation, Punjab National Bank (PNB) announced the launch of Cardless Cash Withdrawal and Virtual Debit Card, along with a range of other select digital services on its mobile app named PNB One, for safe banking transactions.

The new services were launched by PNB MD & CEO Atul Kumar Goel, at the Bank’s head office in New Delhi, in presence of Executive Directors, Chief Vigilance Officer of the Bank, and other senior officials.

Thanking customers, employees and other stakeholders for their continued support during the challenging times, Goel said, “With the financial sector on a strong route to recovery, PNB is witnessing robust growth. With that, PNB redefines its commitment to digital transformation by introducing a plethora of innovative offerings. We vow to remain committed to showcasing enhanced performance by integrating our new motto, ‘One Team, One Dream’. Our renewed emphasis on employeesasanasset, customer-centricity and strong focus on lending activities will play a vital role in our sustainable growth.”

During the celebrations, PNB launched various digital initiatives such as Insta Personal Loan to Pensioners, Application Supported by Blocked Amount (ASBA) facility on PNB One App, PNB 360 Information Portal for employees, Trade Finance Redefined Portal and Collection of loan EMI through Bharat Bill Pay.

The Bank also felicitated its valued customers Mahesh Gupta, MD of Kent RO Systems; Shivraj Kundu, MD of KCC Buildcon; Madhu Sudhan Bhageria, Chairman & MD of Filatex India, along with top performers of PNB Parivar.

Under its CSR program that focuses on strengthening the quality of education in government schools, PNB distributed basic school essentials to Govt. Sarvodaya Kanya Vidyalaya in Matiala (Delhi) and Govt. Co-ed SS School in Dwarka (Delhi). This initiative was in line with the Government of India’s nationwide campaign Vidyanjali initiative under Azadi Ka Amrit Mahotsav, which aims to strengthen schools through community, CSR, and private sector involvement.

Customers who depend on their pensions can now avail PNB’s 24×7 Insta Personal Loan digital service to get hassle-free loans up to Rs 8 lakh anytime, anywhere, thus saving time and travel to the branch.

Customers can now directly repay their PNB Bank loan EMIs from any bank’s account through Internet Banking/ Mobile Banking having BBPS functionality. Customers are also being provided with an option on Bank’s Corporate Website to repay EMIs of loan accounts maintained with PNB through internet banking, Debit Card and UPI of any bank.

Trade Finance Redefined Portal is an advanced platform that will facilitate customers to initiate trade transactions online. The platform offers a user-friendly interface for a quick submission of transactions, a calendar with highlighted due dates, real-time on-screen display of the dashboard as some of the many features.

PNB 360 portal shall be a one-stop information repository for the day-to-day operational requirements of branches and administrative offices. It will offer a 360-degree user-friendly view of the business figures and compliance status on various parameters at the click of a button.

PNB will now offer the Application Supported by Blocked Amount facility on its mobile banking platform, PNB One, with the aim to offer a paperless, time-efficient, and customer-friendly approach for 24×7 IPO applicants.

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