Punjab National Bank and Indian Army Enter into Exclusive Partnership to Offer PNB LUXURA and PNB Parakram Credit Cards to Army Personnel
Punjab National Bank (PNB), one of India’s leading public sector banks, has entered into an exclusive Memorandum of Understanding (MoU) with the Indian Army to offer PNB LUXURA Credit Card and PNB Parakram Credit Card. Designed exclusively for serving personnel/JCOs/OR of the Indian Army, the credit cards offer a curated range of benefits, lifestyle privileges and fee waivers, providing greater…
Punjab National Bank (PNB) has formed a unique partnership with the Indian Army to offer tailored credit cards to serving personnel, JCOs, and ORs. The exclusive MoU will grant PNB LUXURA Credit Card to Army Officers and PNB Parakram Credit Card to JCOs/OR personnel. This partnership emphasizes PNB's long-standing relationship with the Indian Armed Forces, reinforcing the bank's dedication to serving the evolving needs of the Army community.
During the signing ceremony, AG, Lt.Gen Viresh Pratap Singh Kaushik and Lt. Gen Rajeev Puri represented the Indian Army, while PNB's MD&CEO, Ashok Chandra, and other senior officials were present. The credit cards offer a variety of exclusive privileges and benefits, such as 3% cashback on canteen purchases, complimentary lounge access, zero forex mark-up, movie tickets, golf lessons, and other lifestyle rewards.
To cater to responsible innovation, the PNB Parakram Credit Card is designed using biodegradable materials. PNB's MD&CEO, Ashok Chandra, emphasized the bank's shared association with the Indian Armed Forces, built on trust and respect, and highlighted the tailored financial solutions offered through PNB LUXURA and PNB Parakram to honor the contribution of Army personnel.
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