PNB Cards & Services

Scheme For Providing Overdraft Facility To Pensioners

Eligibility
Exclusions
Amount of overdraft limit
Repayment
Overdraft Facility

Eligibility: Pensioners who are drawing their pension from our branches provided the conduct of the account is satisfactory.

ESI pensioners and pensioners who have availed the loan facility against pension under our personal loan to pensioners shall not be eligible for overdraft in the account under the scheme.

Overdraft to the extent of one month net pension i.e., last pension credited in the pensioners account after deductions of all other loan instalments.

The overdraft is to be regularized from the pension payable for the next month.

A limit equal to the net monthly pension payable to the pensioner is to be set up. The overdraft limit is to be renewed on yearly basis.