PNB Chennai - IFSC Code, Rates March 2024, Main Branch Address

Punjab National Bank Chennai

About Punjab National Bank

Punjab National Bank is the first Swadeshi Bank that became operational on April 12, 1895, Lahore with an authorised capital of ₹2 lakhs and working capital of ₹20,000. The bank has since then worked towards fulfilling the financial needs of the rural, sem-urban as well as the urban population of India. If we talk about the key financial ratios, Punjab National Bank’s Domestic Net Interest Margin at 2.80% during Q1 FY’17 was one of the highest amongst nationalized banks. Also, due to reduction in bulk deposits, the Cost of Deposits moved southward from 5.99% in Q1 Fy’16 to 5.46% in Q1 FY’17. PNB has been able to maintain its Capital Adequacy Ratio above the regulatory requirement. The CRAR of the bank stood at 11.58% which constituted Tier I ratio of 8.62% and Tier II ratio of 2.96%.

PNB has been continuously working towards the improvement of the asset quality and the cash recovery. Having said that, Government of India also declared PNB as the first amongst all the banks in deposit mobilized through the Pradhan Mantri Jan Dhan Yojana (PMJDY). Not to forget that the loans and investment products like home loans, personal loans, education loans, loan against property or mortgage loans, business or MSME loans, car or vehicle loans are some of the best finance products in the banking sector. All these products have been designed by keeping in mind the financial needs and affordability of the customers.

Punjab National Bank Chennai Branches

Branch NameComplete AddressIFSC CodeMICRContact Number
Rajaji Salai, Chennai17, Rajaji Salai, Chennai, Tamil Nadu - 600001PUNB0030500600024012044-25341031, 25341407, 25342971
Annasalai92, Bharat Insurance Building, Annasalai, Chennai, Tamil Nadu 600002PUNB003060060002400604428600782, 28601861
Washermen Peter, Chennai549 T H Road, Washermen Peter, Chennai, Tamil Nadu 6000021PUNB0030700600024016044-25951718, 4776
Adyar7, 1 Main Road, Kasturba Nagar, Adayar, Chennai, Tamil Nadu 600020PUNB0033800600024003044-24412782
Mylapore, Chennai150, Luz Church Road, Mylapore, Chennai, Tamil Nadu - 600004PUNB0034300600024007044-24991709, 3093
N.S.C Bose Road177, N.S.C Bose Road, Chennai, Tamil Nadu - 600001PUNB0034400600024008044- 25369744
Theagaraja Nagar, Chennai10 Raja Street, Theagaraja Nagar, Chennai, Tamil Nadu 6000017PUNB0034500600024014044-24342286, 323928
Triplicane50, Singarachary Street Triplicane, Chennai Tamilnadu - 600005PUNB0034600600024015044-28441761
Taylors Road74, New Avadi Road, Chennai, Tamil Nadu 600010PUNB0109200600024010044-26460320, 54620
Anna Nagar4055, 4th Main Road, Anna Nagar, Chennai, Tamil Nadu - 600040PUNB0138400600024002044-26213406, 65890
Chennai, TVK Nagar256, Paper Mill Road TVK Nagar, Parambur, Chennai, Tamilnadu - 600011PUNB0158700600024017044-25586258, 1504
Park Town255, Mint Street, Park Town, Chennai – 600003PUNB0197000600024018044-25353678
RCC Chennai17, Rajaji Salai, Rajaji Salai Road, Chennai, Tamil Nadu - 600001PUNB0197400600024001044-28600726, 28600921
K K Nagar347, Lakshmana Samy Salai, K K Nagar, Chennai, Tamil Nadu 600078PUNB0251000600024004044-24800503/80867
Purasawalkam, Chennai21, Raja Annamalai Road, Purasawalkam, Chennai, Tamil Nadu - 600084PUNB0251100600024011044-26412497, 791
Teynampet152, Eldams Road, Teynampet, Chennai, Tamil NaduPUNB0252300600024013044-24352375, 30422
Mint Street, Chennai19, Mint Street, Chennai, Tamil Nadu - 600079PUNB0252400600024005044-25203575
Nungambakkam, Chennai6, Nungambakkam, High Road, Chennai, Tamil NaduPUNB0254300600024009044-28279965
Avadi402, Jk Complex, Cth Road, Avadi, Chennai, Tamil Nadu 600054PUNB0298000600024019044-26360990
Ambattur3, R.H Road, Bhanu Nagar, Ambattur, Chennai, Tamil Nadu - 600053PUNB0302900600024020044-26584211
Chennai, L.C. Street156 Lingha Chetti Street, Chennai, Tamil NaduPUNB0361100600024021044-25224366/68
Asset Recovery Management766, Anna Salai, Chennai, Tamil Nadu 600006PUNB0361200600024022044-28290139
PeriametDoor No. 7, Narayan Street, Periamet, Chennai, Tamil Nadu - 600003PUNB0361300600024023044-25385254, 2538524
Sowcarpet, Chennai109 Nyniappan Naickan Street, Sowcarpet, Chennai, Tamil Nadu 600003PUNB0361400600024025044-25353326
Chennai, Kilpauk32, New Avadi Road, Kilpauk Chennai Tamil Nadu - 600010PUNB0361900600024024044-26461267
Chennai Tiruvanmiyur75 South Mada Street, Tiruvanmiyur, Chennai , Tamil Nadu - 600041PUNB0394000600024026044-24423215
Tambaram205 Velachery Road, East Tambaram, Chennai, Tamil Nadu - 600073PUNB0395800600024027044-22274296
Adambakkam39 , 1st Floor, Karuneegar Street, Adambakkam, Distt. Kancheepuram, Chennai, Tamil Nadu 600088PUNB0406200600024028044-22443315
AbhiramapuramC P Ramaswamy Road, Chennai, Tamil Nadu 600018PUNB0422800600024029044-4995888, 6575
Mylapore180, Roy Pettah, High Road, Mylapore, Chennai, Tamil Nadu - 600004PUNB0438600600024036044-24991830
Nandanam40A, Ist Main Road, Cit Nagar, Nandanam, Chennai - 600036PUNB0438900600024037044-24330726
Purasawalkam - ENBL56, Puraswalkam, High Road, Chennai, Tamil Nadu 600007PUNB0439400600024033044-5322040
T. Nagar - ENBL North Usman RoadOld No. 50, North Usman Road, T Nagar, Chennai, Tamil Nadu 600017PUNB043970060002403504428157408, 28156005
Avadi, ChennaiAMS College Of Engineering Muthapudupet, Iaf, Chennai Tamil Nadu 600055PUNB0491900600024040044-26841089
Chrompet Chennai,7, CLC Works Road, Chrompet, Chennai Tamil Nadu 600044PUNB0492000600024041044-22412231
Chennai, PallikaranaiJeru. College Of Engineering Narayanapuram Pallikaranai, Chennai Tamil Nadu 600100PUNB0492100600024042044-22462262
West Mambalam, ChennaiPublic Health Centre Ramakrishnapuram Street Chennai Tamil Nadu 600033PUNB0602800600024043044-24893017
Chennai, GopalapuramDAV School Gopalapuram Avvalshanmuagam Salai Chennai Tamil Nadu 600086PUNB0618000600024049044-28113326
Chennai, G.N.Chetty Road T Nagar80, G N Chetty Road T Nagar, Chennai Tn 600017PUNB0618100600024050044-28158780
Chennai, MogappairR45 120 Ft Indl Estate Road Thirumangalam Tamil Nadu 600037PUNB0618200600024051044-26244955
Chennai, Nanganallur1, First Floor, 5Th Main Road Nanganallur, Chennai Tamil Nadu 600061PUNB06206006000240529443531080
Retail Asset Branch, ChennaiNo 158, Royala Towers, Anna Salai, Chennai Tamil Nadu 600002PUNB0521500NON-MICRNA
Chennai PorurGround Floor, 68, 137, Kundrathur Road Porur, Chennai Tamil Nadu 600116PUNB06495006000240559840890609
Chennai NeelankaraiManju Complex, 14 East Coast Road Neelankarai Chennai Tamil Nadu 600041PUNB0607800600024047044-24496522
Chennai, Velacherry7/32 Dhandeeswarar Nagar Velacherry Chennai Tamil Nadu 600042PUNB0644700600024053044-22436944

Products Offered by Punjab National Bank in Chennai

In Chennai, 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
8.60% - 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 lower11.40% - 16.95%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 lakhs6.50% Onwards1% 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
2.90% - 5.75%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

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%