Punjab National Bank Bhubaneswar
Last Updated : Sept. 5, 2018, 5:29 p.m.
About Punjab National Bank
In 1900, Punjab National Bank establishes its first branch in India. The bank lost its premises in Lahore but continued to operate in Pakistan. However, the bank had to close its 92 offices in West Pakistan. Another major change in the history of the bank came when it acquired Bhagwan Dass Bank in 1940 and with its headquarter in Dehradun, India. In 1969, Government of India nationalized Punjab National Bank and in 1976 or 1978, the bank opened a branch in London. In addition to this, in 1986, the Reserve Bank of India required PNB to transfer its London branch to State Bank of India. Also, in 1986, PNB acquired Hindustan Commercial Bank in a rescue which added 142 branches of Hindustan to PNB’s network. Since then, the bank continues to lay its emphasis on the lives of the rural as well as the urban population of the country.
In today’s time, when the world especially India is moving towards the digital India movement, PNB has launched bucket of innovative digital products and services. The bank has also launched online PFF and RD account opening facility. Other than this, the loan products like home loans, personal loans, business loans, car loans, etc. are some of the best finance products offered by Punjab National Bank. In Bhubaneswar also, the bank has spread its branches all over the city so that it gets easier for the customer to contact the bank and vice-versa. The products are designed by keeping in mind the financial needs of the people and hence are customer-friendly.
Punjab National Bank Bhubaneswar Branch Addresses
| Branch Name | Complete Address | IFSC Code | MICR | Contact Number |
|---|---|---|---|---|
| Bhubaneswar, Station Square | Station Square, Bhubaneshwar, District Puri , Orrisa - 751007 | PUNB0055300 | 751024002 | 0674-2534314, 4296 |
| Chandrasekharpur | Chander Shekharpur, Dist.Khurdah, Bhubaneshwar, Orissa - 751016 | PUNB0297700 | 751024004 | 0674-2740256 |
| Bhubaneshwar, Bapujinagar | 17, Bapuji Nagar, Janpath, Bhubaneswar, Orrisa - 751009 | PUNB0322100 | 751024003 | 0674-2533080 |
| Saheednagar | 699, Saheed Nagar, Bhubaneshwar, Orrisa - 751007 | PUNB0407700 | 751024005 | 0674-2540759, 2545412 |
| RPRC | Ekamra Kanan, Nayapalli, Bhubaneshwar , Orissa - 751015 | PUNB0418800 | 751024006 | 0674-2554916 |
| Currency Chest Bo St. Sq. Bhubaneshwar | 111A Station Square Bhubaneshwar Orissa | PUNB0698800 | NON-MICR | 9437227690 |
| Chandaka | At. Chandka Road, Khandagiri, Po Khandagiri, Bhubaneswar Orissa 751030 | PUNB0322200 | 751024008 | 0674-2384624 |
| Bhubaneswar Kendrapara | Madhial Bazar, Kendrapara Distt Kendrapara Orissa 754211 | PUNB0498300 | 754024002 | 9439004433 |
| Bhubaneswar Sonepur | Bara Bazar, Main Road Sonepur Orissa 767017 | PUNB0498500 | 767024002 | 06654 220744 |
| Pokhariput Orissa | Shikhya O Anusandhan Office Behind Khandagiri P.S. Khandagiri Or Bhuba 751030 | PUNB0676200 | NON-MICR | 9337123708 |
| Boudh Bhubaneswar | Vpo Boudh Orissa 762014 | PUNB0677600 | NON-MICR | 9437383826 |
| Back Office, Bhubaneswar | Plot No 111, Station Square Bhubaneswar Orissa 751001 | PUNB0685600 | NON-MICR | 9437155587 |
| Bhubaneswar, ARMB | Bhubaneswar, ARMB Orissa 751030 | PUNB0690300 | NON-MICR | 9437489894 |
| Satyabhamapur | Bjem School-Ii Campus At/Po: Satyabhamapur Block:Balianta Dist.Khurda Orissa 752100 | PUNB0675900 | NON-MICR | 9853335239 |
| Bhubaneswar, Cuttack Road | Plot No.123/124 Budheswari Colony BBSR Cuttack Road Bhubaneswar Dist Khurdha Orissa 751006 | PUNB0676100 | 751024009 | 9437100143 |
| Lewis Road, Bhubaneswar | Plot No 80A-83A, Lewis Road Bhubaneswar 751002 Orissa | PUNB0676300 | NON-MICR | 9437230055 |
| Currency Chest Bhubaneswar | Station Square, Bhubaneswar Distt. Kurdha Or Bhuba 751009 | PUNB0699100 | NON-MICR | NA |
| Pathargadia (Orissa) | Inside Kiss Campus C S Pur Bhibneahwar Orissa 751021 | PUNB0722900 | NON-MICR | 9437120515 |
| Circle Office Sambalpur | Deen Dayal Bhawan, Ashok Nagar Bhubaneswar Orissa 751009 | PUNB0768000 | NON-MICR | 9437488550 |
| Barmunda Bhubaneswar | Ridge Residency Complex N.H-5 Barmunda, Bhubaneswar Orissa 751003 | PUNB0766300 | NON-MICR | NA |
| Niladri Vihar Bhubaneswar | Niladri Vihar Chandrasekhar Pur Bhubaneswar Orissa 751021 | PUNB0766500 | NON-MICR | NA |
| Siripur Bhubaneswar | Unit-8, Nayapalli Bhubaneswar Orissa 751012 | PUNB0766600 | NON-MICR | NA |
| Mancheswar Bhubaneswar | Rasulgarh Bhubaneswar Orissa 751010 | PUNB0766700 | NON-MICR | NA |
| CCPC Bhubaneswar | 699, Saheed Nagar, Bhubaneswar Orissa 751007 | PUNB0547100 | NON-MICR | NA |
| Retail Hub Bhubaneswar | 17 Janpath Bapuji Nagar Bhubaneswar | PUNB0526500 | NON-MICR | 2597781 |
Products Offered by Punjab National Bank in Bhubaneswar
In Bhubaneswar, Punjab National Bank offers affordable personal loans, home loans, Pradhan Mantri Mudra Yojana, loan against property, car or vehicle loans, under the loan products and higher saving options like Fixed Deposits under the investment product options. Below are the details like eligibility, interest rate, tenure, fund limit, documents and other general details that you must know while applying at Punjab National Bank.
Basic Details of Punjab National Bank Products
| Product | Eligibility | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | For Public: Individuals or Joint owners. For Pradhan Mantri Awas Yojana: EWS households are defined as households having an annual income up to ₹3,00,000 LIG households are defined as households having an annual income above ₹3,00,000 and up to ₹6,00,000 | For Public: Up to ₹1 Crores For Pradhan Mantri Awas Yojana: Up to ₹30 lakhs | 8.60% - 9.95% | For Public: For ₹300 lac- 0.50% of loan amount Maximum ₹20000/- For above - ₹50000/- For Pradhan Mantri Awas Yojana: NIL | For Public: Up to 30 years For Pradhan Mantri Awas Yojana: Up to 15 years |
| Personal Loan | For Salaried: Minimum age of 21 years Maximum age of 58 years ₹15000 per month at metro centres ₹12500 per month at urban centres Minimum Net Monthly Income of ₹10000 per month at semi-urban and rural centres Total work experience of 2 years Minimum 1 year of stay at current residence For Self-employed: Age between 21-65 years Minimum Net Monthly Income of ₹20,000/- Total work experience of 2 years | Up to ₹5 lakhs to a subject of 20 times monthly salary of the applicant whichever is lower | 11.40% - 16.95% | 1.80% of loan amount | Up to 5 years |
| Car Loan | For private use only. Individuals Business concerns (corporate or non-corporate). Minimum net monthly salary / pension/ income - ₹20000/ | Up to ₹100 lakhs | 6.50% Onwards | 1% of the loan amount (Max. ₹6000/-) | Up to 7 years |
| Business Loan | Individuals / Partnership / Ltd Liability Partnership / Pvt. Ltd. Co. /Public Ltd.Co/Trust and Co-operative Societies registered under any law relating to cooperative societies engaged in rendering of service and are categorized as Micro, Small & Medium Enterprises. ii) In Service Sector, the person behind the project/service provider is very important. Their qualification/experience is to be taken into account. iii) For the list of activities under service sector, various notifications from Ministry of MSME, GOI may be referred. | Up to ₹2 Crores | As per extant guidelines of the bank | Up to ₹500 | Up to 7 years |
| Loan Against Property | For Personal Needs: Employees of Central/State Govt./Schools/Colleges/Public Sector Undertakings (PSUs)/Reputed Corporates and Other Income Tax Assesses Maximum age of 60 years Minimum Net Monthly Salary of ₹10,000/- for last 3 years for salaried class Minimum Net Annual Income of ₹1,20,000/- for other income tax assesses Quantum of Finance from ₹1 lakh to ₹5 lakh Maximum 75% of the market value of the property Maximum three times of Annual Gross Income Maximum Four times of Annual Gross Income Net Income should be double that of Monthly Instalment in the case of Term Loan as well as Overdraft limit on monthly reducing DP basis. For Business Needs: Existing customers with a satisfactory track record of three years (cash profits during last three years and net profit in the immediately preceding year) Minimum Net annual Income/ Net Profit of ₹120000/- and above Quantum of Finance from ₹5 lakh to ₹5 Crores Maximum 75% of the market value of the property Maximum three times of Annual Gross Profit Maximum Four times of Annual Gross Profit Net income should be 1.5 times that of EMI in the case of Term Loan and that of interest amount ( on full sanctioned limit) in the case of Overdraft limit. Interest and depreciation charges will be added back for the purpose of arriving at Net Income/ profit | Up to ₹500 lakhs | Up to MCLR +6.00 | Term Loan: 0.90% of loan amount, Maximum ₹45000/- Working Capital: Rs 300/- per lac or part thereof on yearly basis | Up to 10 years |
| Fixed Deposit | Individual (singly or jointly) with others. Minors who have attained the age of 10 years and above in his own name on giving proof of age by his guardian or any other reliable source or through his natural/legal guardian. Proprietorship/partnership firm, commercial organization, company/ corporate body. Hindu Undivided Family. Association, club, society, trust or religious/charitable or educational institution. Municipality or Panchayat, Government or quasi-government body. The illiterate and blind persons can also open the account. | Minimum- ₹100 Maximum- ₹10 Crores | 2.90% - 5.75% | NA | Up to 10 years |
Documents Required
Here are the documentation required to apply at Punjab National Bank, that an applicant must follow so as to get instant approval and easy processing.
| Product | Documents |
|---|---|
| Home Loan | Identity Proof: Valid Passport, Voter ID Card Aadhaar Card Valid Driving Licence Address Proof: Valid Passport Voter ID Card Aadhaar Card Valid Driving Licence Income Proof: Last 3 months' Salary Slips Last 6 months' Bank Statements showing salary credits Latest Form-16 and IT returns Property Proof: Title Deeds of the Plot Proof of no encumbrances on the property Copy of the plans approved by the Local Authorities Construction estimate by an Architect / Civil engineer Other Documents: Employment Contract/Appointment Letter in case current employment is less than 1 year old Last 6 months' Bank Statements showing repayment of any ongoing loans Duly filled application form along with recent passport Own Contribution Proof |
| Personal Loan | For Salaried: Loan application form with passport size photograph Identify proof with unique identification number in case of military/ para military personnel Educational qualification proof Age proof Proof of official address and residential address Income proof Latest salary slip Form 16, duly authenticated by the employer For Self-employed: Loan application form with passport size photograph Identify proof with unique identification number in case of military/ para military personnel Educational qualification proof Age proof Income proof IT returns for the last three financial years Latest bank statement |
| Vehicle Loan | Signed application form ID Proof (PAN Card/Voter ID Card/Driving License/Passport) Age Proof Address Proof (Driving License/Passport/Voter ID Card) Last 6 months bank statement Last 3 months salary slip for salaried Form 16 or ITR for salaried Last 3 years ITR with computation of income for self-employed Last 3 years CA Certified/Audited Balance Sheet and Profit & loss account |
| Business Loan | Identity Proof (Voter ID Card/PAN Card/Driving License/Aadhaar Card) Address Proof (Passport/Voter ID Card/Driving License) |
| Loan Against Property | Filled mortgage loan application form Identity proof (Passport/Voters ID Card/Driving License/PAN Card) Address proof (Ration card/Telephone bill/Electricity bill/Lease agreement/Passport/Trade license/Sales Tax certificate) Bank statement (latest 6 months bank) Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate) Income Tax/Sales tax returns of proprietor/partners/firms/companies Last 2 years financial statements attested by CA Copy of license/NOC from local body or license from the competent authority for running the business |
| Fixed Deposit | Identity Proof: Passport PAN Card Driving License Voter ID Government ID Card Senior Citizen ID Card Address Proof: Passport Telephone Bill Electricity Bill ID Card Issued by Post Office Bank Statement with Cheque Any other ID proof or address proof document can be submitted subject to bank's satisfaction |
