New Delhi: Punjab National Bank (PNB), one of India’s leading
public sector banks, has entered into an exclusive Memorandum of Understanding
(MoU) with the Indian Army to offer PNB LUXURA Credit Card and PNB Parakram Credit Card. Designed
exclusively for serving personnel/JCOs/OR of the Indian Army, the credit cards
offer a curated range of benefits, lifestyle privileges and fee waivers,
providing greater value and convenience across their everyday financial and
lifestyle needs. This partnership further strengthens PNB’s long-standing
association with the Armed Forces and reinforces its commitment to serving the
evolving needs of the Army community.
The MoU signing ceremony was
graced by AG, Lt.Gen Viresh Pratap Singh Kaushik, PVSM, UYSM, YSM,SM, DG, MP
& PS; Lt. Gen Rajeev Puri, AVSM, VSM representing the Indian Army in
presence of Shri Ashok Chandra, MD&CEO, Maj Gen Dinesh Singh Bisht (Retd.),
Chief Defence Banking Advisor, Shri Sudhir Dalal, CGM, and Shri Amit Kumar
Singh, AGM, from PNB.
The MoU was signed by Maj Gen VK
Purohit, AVSM, YSM, SM, on behalf of the Indian Army, and Shri Deepak Kumar,
General Manager, Public Relations & Credit Card Division, on behalf of PNB
at the Indian Army Headquarters, Delhi.
Under this partnership, PNB will
offer two exclusive credit card variants designed for different personnel
categories — PNB LUXURA Metal Credit Card for Army Officers and PNB Parakram
Credit Card for JCOs/OR personnel. The credit cards offer a range of specially
curated privileges and benefits, including 3% cashback on canteen stores (CSD)
purchases, complimentary domestic and international lounge access, zero forex
mark-up, movie tickets (Buy 1 Get 1), complimentary golf lessons, and other reward
and lifestyle benefits.
The PNB Parakram Credit Card
further reflects PNB’s commitment to responsible innovation, with its
biodegradable card design offering an environmentally conscious alternative.
Speaking on the occasion, Shri
Ashok Chandra, MD & CEO, PNB, said, “PNB shares a deep-rooted
association with the Indian Armed Forces, built on mutual trust, respect and a
shared commitment to the nation. Through PNB LUXURA and PNB Parakram, we are
extending this relationship with thoughtfully curated financial solutions that
recognise the contribution of our Armed Forces personnel and offer benefits
aligned with their evolving needs. This partnership is also a reaffirmation of
our commitment to serving those who serve the nation.”
Through this exclusive
partnership, PNB reiterates its commitment to recognising and supporting the
men and women of the Indian Army by offering aspirational financial products
that combine convenience, value and privileges with the specific needs of the
Armed Forces community.