| Parameter | Limit, Eligibility Criteria And Other Terms Of The Product |
|---|---|
| Age | Min: – 18 Years Max: – 75 Years |
| Limit of the Credit Card | Card Credit Limit will be set up in multiples of 1000/- on the lower side of 80% of Term Deposit amount with Min & Max limit as under: -Min: – Rs. 10000/-Max: – Rs. 400000/- |
| Types Of Credit Card | ➔ PNB Rupay Platinum (On Rupay Platform) ➔ PNB Classic (On VISA Platform) ➔ PNB Gold (On VISA Platform) |
| Amount of FDR | ➔ Min: – Rs. 13000/- ➔ Max: – Rs. 500000/- ➔ Customer can apply Credit Card against the single as well as multiple FDR’s & limit of the Credit Card will be calculated as 80% of the principal amount of the FDR/FDR’s. |
| Other Term & Condition | ➔ Fixed Deposit opened through offline or on-line mode in single name & mode of operation is Self are eligible. FDRs in the joint name are not eligible. ➔ FDR’s open date should be minimum 30 days prior to Credit Card against FDR application applied through PNBONE. ➔ FDR issued under Tax-Saver scheme & Capital Gains Scheme are not eligible. Further FFD’s & Recurring Deposits are also not eligible. ➔ FDR against which Lien of partial/full amount is already marked in the system are not eligible. ➔ Maximum 5 FDRs of a customer will be displayed in MBS. Selection of maximum 5 FDR’s is based on descending order (Highest First & lowest Last) of amount of FDR, starting with Highest amount of FDR. ➔ Partial withdrawal will not be allowed from FD against which Credit Card is issued. ➔ Any variant of Credit Card from the mentioned list can be selected by the applicant as per request / preference and subject to their eligibility. All Offline and/or Online Fixed Deposit accounts fulfilling eligibility criteria shall be available for selection on PNBONE mobile application. ➔ Digital mode through MBS only ➔ Only FDRs with Autorenewal Flag as ‘Yes’ will be considered under this scheme. ➔ In case a Credit Card Holder fails to make payment of monthly Credit Card Dues till the expiry of 60 days of payment due date, the outstanding against the Credit Card will be liquidated by making premature encashment of Term Deposit and by appropriating the proceeds towards repayment of Credit Card dues. |