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Punjab National Bank Jammu

Punjab National Bank Jammu

Last Updated : Sept. 5, 2018, 5:32 p.m.

About Punjab National Bank

Punjab National Bank was established by the visionaries and patriots like Lala Lajpat Rai, Sardar Dyal Singh Majithia, Mr. E. C Jessawala, Babu Kali Prasono Roy, Lala Harkishan Lal. This bank has completed more than 121 years in the banking and financial services segment with the continuous outstanding performance. PNB has made it possible for believe that their money is safe in the bank and they can get higher returns by going for saving options like FD. Home loans and personal loans are one of the most affordable loans in the market that come up with low-interest rates and higher loan amount possibility.

PNB is India’s first Swadeshi Bank that commenced its operations on April 12, 1895, in Lahore with an authorized capital of ₹2 lakhs and working capital of ₹20,000. From that time, the bank has now reached the place where it has got multiple awards in its credit. To name a few, it has got ‘Golden Peacock National Training Award 2016’ by Institute of Directors, ‘RBI Rajbhasha Award’, ‘Agriculture Leadership Award 2015’ by Agriculture Today Group and ‘Banking Excellence Award 2015 in the category of ‘Best Bank for PMJDY (Large Bank)’ by Chamber of Indian Micro Small 7 Medium Enterprises (CIMSME). In Jammu also, the bank has made its services by keeping in mind the financial needs of the people and as per their affordability.

Punjab National Bank Jammu Branch Addresses

Branch NameComplete AddressIFSC CodeMICRContact Number
AnantnagAnantnag, Kashmir, Jammu KashmirPUNB000230019202400101932-227502
Shalimar RoadShalimar Road, Jammu Tawi, J&K - 180001PUNB00223001800240090191-2547044, 2576117
Jain BazaarJain Bazaar, Jammu, J&K 180001PUNB00240001800240110191-2570902, 2540967
Srinagar MaharajganjSrinagar, Maharajganj, J&K 19002PUNB00437001900240100194-2477394
ArniaVPO Arnia, Jammu, J&K 181131PUNB005170018002450101923-272233
BaramullaNear Sumo Stand, Baramulla Jammu and Kashmir J&K 193101PUNB005580019302400101952-234318
BijbeharaBijbehara Jammu And Kashmir Jk 192124PUNB005590019202450101932-234279
BasohliBus Stand, Basholi J&K 184201PUNB005600018402450201923-251217
HiranagarHiranagar, Distt. Kathua, J&K 184142PUNB006830018402450401922-274237
Jammu Gandhi NagarGandhi Nagar, JammuPUNB00702001800240160191-2435189, 2435392, 2439899
KulgamQazigund Adda, Kulgam J&K 192231PUNB007390019202450201931-260228
KathuaCollege Road, Kathua, J&K 184101PUNB007440018402400101922-234671/238509
Rehari Chowk69, BC Road, Rehari, Jammu, J&K - 180005PUNB00794001800240180191-2561545, 2543966
NatiporaNatipora, District Badgam Jammu and Kashmir 190015PUNB00804001900240110194-2430780
NagrotaNagrota, Jammu Tawi, J&K 181221PUNB00806001800240230191-2673021
PamporePampore, Near Tehsil Office, Pulwama Jk 192121PUNB008280019002401201933-22212
R S Pura, JammuMain Road, R.S. Pura, Jammu, J&K 181102PUNB008370018002402701923-251204, 250246

Products Offered by Punjab National Bank in Jammu

In Jammu, Punjab National Bank offers affordable personal loans, home loans, Pradhan Mantri Mudra Yojana, loan against property, car or vehicle loans, under the loan products. Also, the saving options like Fixed Deposits and Recurring Deposits are made keeping in mind the financial needs of the customers. Below are the details like eligibility criteria, annual 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

ProductEligibilityAmountInterest RateProcessing FeeTenure
Home LoanFor 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:

For Public:
Up to 30 years

For Pradhan Mantri Awas Yojana:
Up to 15 years
Personal LoanFor 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.
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 LoanIndividuals / 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 lakhsUp 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.

Home LoanIdentity Proof:

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 LoanFor 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 LoanIdentity 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:
PAN Card
Driving License
Voter ID
Government ID Card
Senior Citizen ID Card
Address Proof:
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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