PNB launched the global credit card on commercial level

Punjab National Bank (PNB) is the second largest public sector has added one more credit card to its segment. Bank has launched global credit cards with a view to expand its product range. Two types of cards has been introduced in this category.

PNB Chairman K C Chakrabarty in its speech, during the commercial launch of the card said, "To start with we are launching two varieties of credit cards – Global Gold and Global Classic, which will meet the needs of its customers and will cater to the requirement of different income groups."

He said in November bank has done the soft launch of the cards but now it has launched the cards at commercial level therefore cards will be available across 1,200 branches of the bank across the country. He added in the beginning the card will be offered to existing customers of the bank.

Bank has tied-up with VISA as a payment gateway, thus the card will be accepted in over 29 million merchant establishments and a million ATMs across the worldwide. The card is photo credit card contains a host of features like free credit period of up to 50 days, no annual fee and attractive reward points.

In addition PNB also reported about the completion of 100% core banking implementation at all its 4,604 branches and extension counters. He notified that with the core banking it would be possible to meet the challenges of the financial sector and the centralization of the banking operations.