Punjab National Bank Bhubaneswar

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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 NameComplete AddressIFSC CodeMICRContact Number
Bhubaneswar, Station SquareStation Square, Bhubaneshwar, District Puri , Orrisa - 751007PUNB00553007510240020674-2534314, 4296
ChandrasekharpurChander Shekharpur, Dist.Khurdah, Bhubaneshwar, Orissa - 751016PUNB02977007510240040674-2740256
Bhubaneshwar, Bapujinagar17, Bapuji Nagar, Janpath, Bhubaneswar, Orrisa - 751009PUNB03221007510240030674-2533080
Saheednagar699, Saheed Nagar, Bhubaneshwar, Orrisa - 751007PUNB04077007510240050674-2540759, 2545412
RPRCEkamra Kanan, Nayapalli, Bhubaneshwar , Orissa - 751015PUNB04188007510240060674-2554916
Currency Chest Bo St. Sq. Bhubaneshwar111A Station Square Bhubaneshwar OrissaPUNB0698800NON-MICR9437227690
ChandakaAt. Chandka Road, Khandagiri, Po Khandagiri, Bhubaneswar Orissa 751030PUNB03222007510240080674-2384624
Bhubaneswar KendraparaMadhial Bazar, Kendrapara Distt Kendrapara Orissa 754211PUNB04983007540240029439004433
Bhubaneswar SonepurBara Bazar, Main Road Sonepur Orissa 767017PUNB049850076702400206654 220744
Pokhariput OrissaShikhya O Anusandhan Office Behind Khandagiri P.S. Khandagiri Or Bhuba 751030PUNB0676200NON-MICR9337123708
Boudh BhubaneswarVpo Boudh Orissa 762014PUNB0677600NON-MICR9437383826
Back Office, BhubaneswarPlot No 111, Station Square Bhubaneswar Orissa 751001PUNB0685600NON-MICR9437155587
Bhubaneswar, ARMBBhubaneswar, ARMB Orissa 751030PUNB0690300NON-MICR9437489894
SatyabhamapurBjem School-Ii Campus At/Po: Satyabhamapur Block:Balianta Dist.Khurda Orissa 752100PUNB0675900NON-MICR9853335239
Bhubaneswar, Cuttack RoadPlot No.123/124 Budheswari Colony BBSR Cuttack Road Bhubaneswar Dist Khurdha Orissa 751006PUNB06761007510240099437100143
Lewis Road, BhubaneswarPlot No 80A-83A, Lewis Road Bhubaneswar 751002 OrissaPUNB0676300NON-MICR9437230055
Currency Chest BhubaneswarStation Square, Bhubaneswar Distt. Kurdha Or Bhuba 751009PUNB0699100NON-MICRNA
Pathargadia (Orissa)Inside Kiss Campus C S Pur Bhibneahwar Orissa 751021PUNB0722900NON-MICR9437120515
Circle Office SambalpurDeen Dayal Bhawan, Ashok Nagar Bhubaneswar Orissa 751009PUNB0768000NON-MICR9437488550
Barmunda BhubaneswarRidge Residency Complex N.H-5 Barmunda, Bhubaneswar Orissa 751003PUNB0766300NON-MICRNA
Niladri Vihar BhubaneswarNiladri Vihar Chandrasekhar Pur Bhubaneswar Orissa 751021PUNB0766500NON-MICRNA
Siripur BhubaneswarUnit-8, Nayapalli Bhubaneswar Orissa 751012PUNB0766600NON-MICRNA
Mancheswar BhubaneswarRasulgarh Bhubaneswar Orissa 751010PUNB0766700NON-MICRNA
CCPC Bhubaneswar699, Saheed Nagar, Bhubaneswar Orissa 751007PUNB0547100NON-MICRNA
Retail Hub Bhubaneswar17 Janpath Bapuji Nagar BhubaneswarPUNB0526500NON-MICR2597781

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

ProductEligibilityAmount Interest RateProcessing FeeTenure
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
8.35% - 8.45%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 lower10.95% - 14.70%1.80% of loan amountUp to 5 years
Car LoanFor private use only.
Individuals
Business concerns (corporate or non-corporate).
Minimum net monthly salary / pension/ income - ₹20000/
Up to ₹100 lakhs8.75% - 9.20%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 CroresAs per extant guidelines of the bankUp to ₹500Up to 7 years
Loan Against PropertyFor 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 +6.00Term Loan: 0.90% of loan amount, Maximum ₹45000/- Working Capital: Rs 300/- per lac or part thereof on yearly basisUp to 10 years
Fixed DepositIndividual (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
4.00% - 7.10%NAUp 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.

ProductDocuments
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 LoanSigned 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 PropertyFilled 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 DepositIdentity 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

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