New PNB-Army Credit Cards: Top 5 Benefits Including Zero Forex Markup, Movie Tickets, & Golf Lessons

Punjab National Bank, the second-largest public sector lender, signed an exclusive memorandum of understanding with the Indian Army. Under the agreement, the bank will offer two credit cards with curated benefits for serving Army personnel.  PNB LUXURA Metal Credit Card will be issued to officers, while the PNB Parakram Credit Card can be availed by Junior Commissioned Officers (JCOs) and other ranks personnel.

3% Cashback, To Complimentary Airport Lounge: PNB Cards Top 5 Benefits

The cards will offer a range of lifestyle and financial benefits for Army personnel that follow: 

1- They will get 3 per cent cashback on payment for purchases at Canteen Stores Department (CSD) outlets.

 2- They will be able to avail complimentary domestic and international airport lounge access at airports. This brings comfort to them while waiting for flights. 

3- These credit cards offer zero forex markup. 

4- PNB will offer Buy One Get One movie ticket benefits to Army personnel.  

5- Additionally, the cards offer complimentary golf lessons and other lifestyle benefits.

On top of all the above, the PNB Parakram Credit Card has a unique feature—it is a biodegradable card, offering an environmentally conscious alternative, PNB said. 

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PNB-Indian Army MOU Deepens Relationship: PNB

The MoU was signed by Major General VK Purohit and PNB General Manager, Credit Card Division, Deepak Kumar, at the Indian Army Headquarters in Delhi. Senior Army and PNB officials, including Lieutenant General Biresh Pratap Singh Kaushik, Lieutenant General Rajeev Puri, PNB MD and CEO Ashok Chandra, and PNB Chief General Manager Sudhir Dalal, were present on the occasion.

"PNB shares a deep-rooted association with the Indian Armed Forces, built on mutual trust, respect and a shared commitment to the nation. Through the partnership, PNB is extending its relationship with the Armed Forces by offering financial products designed around the requirements of Army personnel,” Chandra said at the event. 

He said this partnership further strengthens its commitment to supporting the Armed Forces community by providing products that combine convenience, value and unique lifestyle benefits.

PNB-Indian Army MOU- Frequently Asked Questions (FAQ)

Who can avail curated credit cards from PNB under the MOU? 

-Both officer ranks officials and other rank personnels can avail credit cards under the agreement. 

How can Army personnel apply? 

The application process was not disclosed at the event; however, the application process may be made through bank branches or other online means.

Will these PNB credit cards offer benefits for Army personnel? 

As per the announcement made at the launch event, these cards offer multiple benefits to Army personnel, including lounge access and cashback on purchases.  

How many curated credit card options will there be? 

-Well, under the agreement, PNB offers two credit cards– PNB LUXURA and PNB Prakram.