1 week ago
PNB, Indian Army Sign Exclusive Credit Card Partnership
Punjab National Bank and the Indian Army have made a special agreement.
The agreement offers two credit cards for Army personnel.
PNB LUXURA Metal is for Army officers.
PNB Parakram is for JCOs and OR personnel.
The cards can provide cashback on purchases from CSD canteen stores.
They also offer lounge access, no foreign-exchange markup and other rewards.
The Parakram card is made with a biodegradable design.
The agreement was signed at the Indian Army Headquarters in Delhi.
Punjab National Bank signed an exclusive MoU with the Indian Army for two credit cards.
PNB LUXURA Metal is intended for Army officers, while PNB Parakram is for JCOs and OR personnel.
The cards offer 3% cashback on CSD purchases, lounge access, zero forex markup and lifestyle benefits.
PNB Parakram features a biodegradable design as an environmentally conscious alternative.
The agreement was signed at Indian Army Headquarters in Delhi by representatives of both organizations.
- Who
- Punjab National Bank and the Indian Army, represented by officials from both organizations.
- What
- The organizations signed an exclusive MoU to offer PNB LUXURA Metal and PNB Parakram credit cards.
- Where
- Indian Army Headquarters, Delhi.
- When
- Why
- To provide Army personnel with financial, lifestyle and fee-related benefits tailored to their needs.
Key facts
- Partnership
- Exclusive Memorandum of Understanding between Punjab National Bank and the Indian Army.
- Cards offered
- PNB LUXURA Metal Credit Card and PNB Parakram Credit Card.
- Eligibility
- LUXURA is for Army officers; Parakram is for JCOs and OR personnel.
- CSD benefit
- 3% cashback on canteen stores purchases.
- Other benefits
- Complimentary domestic and international lounge access, zero forex markup, movie tickets and complimentary golf lessons.
- Environmental feature
- PNB Parakram has a biodegradable card design.
- Signing location
- Indian Army Headquarters, Delhi.
Quotes
Ashok Chandra
Managing Director and CEO of Punjab National Bank
“PNB shares a deep-rooted association with the Indian Armed Forces, built on mutual trust, respect and a shared commitment to the nation. Through PNB LUXURA and PNB Parakram, we are extending this relationship with thoughtfully curated financial solutions that recognise the contribution of our Armed Forces personnel and offer benefits aligned with their evolving needs. This partnership is also a reaffirmation of our commitment to serving those who serve the nation.”
freepressjournal.in
Sources
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