Apply for the best credit card of Punjab National Bank
Type of fee or charge | Amount (Rs.) |
---|---|
Joining Fee: | ₹ NIL |
Annual/Renewal Fee: | ₹ 750+ GST |
Finance Charges: | 2.95% per month (35.89% annually) |
Spend Based Waiver: | If card is used at least once in each quarter in the preceding year. |
Over Limit Penalty: | 2.5% of the over-limit amount. |
Rent Payment charges | NULL |
Forex Charges: | 3.49% of the transaction value |
Minimum Repayment Amount: | 5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI |
Cheque Return Fees: | 2% of Total Amount Due or Minimum of 500 whichever is higher |
Total Amount Due/Statement Balance | Late Payment Charges |
---|---|
Less than or equal to 100 | NIL |
Above 100/- and up to 1000 | 200 |
Above 1000/- and up to 5000 | 500 |
Above 5,000/- and up to 10,000 | 600 |
Above 10,000/- | 750 |
Age: Applicants should be at least 21 years old.
Income: A stable annual income is essential, and Self-employed individuals or business owners will need to show financial documents (ITR, balance sheet, etc.) to prove their income.
Credit Score: A good CIBIL score, ideally between 700 and 900, can significantly boost approval chances
If you already have a savings account or a fixed deposit with Punjab National Bank, it might enhance your eligibility for the credit card.
The applicant must be an Indian citizen and valid address proof
1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof
The Annual fees of PNB Rakshak Rupay Select Card is 750+ GST. And there is Joining fees is free.
The PNB Rakshak Rupay Select Card has an interest rate of 2.95% per month (35.89% annually)
Yes, The PNB Rakshak Rupay Select Card charges a 3.5% fee for all transactions in foreign currency .
The credit limit for the PNB Rakshak Rupay Select Card is based on multiple factors, such as your income, repaying capacity, and credit history. Punjab National Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Punjab National Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.
PNB Rakshak Rupay Select Card Credit Limit: Up to ₹10 Lakh