About Punjab National Bank (PNB)

Punjab National Bank was registered on 19 May 1894 under the Indian Companies Act with its office in Anarkali Bazaar Lahore. The founding board was drawn from different parts of India professing different faiths and a varied back-ground with, however, the common objective of providing country with a truly national bank which would further the economic interest of the country. PNB's founders included several leaders of the Swadeshi movement such as Dyal Singh Majithia and Lala Harkishan Lal, Lala Lalchand, Shri Kali Prosanna Roy, Shri E.C. Jessawala, Shri Prabhu Dayal, Bakshi Jaishi Ram, and Lala Dholan Dass. Lala Lajpat Rai was actively associated with the management of the Bank in its early years. The board first met on 23 May 1894. Ironically, the PNB Website now claims Lala Lajpat Rai to be the founding father, surpassing Rai Mul Raj and Dyal Singh Majithia. PNB has the distinction of being the first Indian bank to have been started solely with Indian capital that has survived to the present. (The first entirely Indian bank, Commercial Bank, was established in 1881 in Faizabad, but failed in 1958.) PNB has had the privilege of maintaining accounts of national leaders such as Mahatma Gandhi, Shri Jawahar Lal Nehru, Shri Lal Bahadur Shastri, Shrimati Indira Gandhi, as well as the account of the famous Jalianwala Bagh Committee.

Punjab National Bank, popularly called P. N. B., initially started its business on 12th April of the year 1895. With their mission to provide banking services to the un-banked, they aim to be the leading player in global banking. Over the time, they have become a known name, especially in the Indo-Gangetic plains. The huge network of this bank includes over 5, 100 offices, which include 5 overseas branches and more than 60 million customers. This bank has continued to maintain their leadership position for its strong fundamentals, superior brand image as well as huge franchise value.

Type of services provided by PNB

This bank in India offers various financial services in numerous segments. Some of them are mentioned below along with their individual products: Agricultural Banking

Farmers Welfare Central Sector Schemes Agriculture Credit Schemes PNB Farmers' Welfare Trust

Corporate Banking

Cash Management Exim Finance Exporters Gold Card Scheme

Financial Services

Insurance Business Merchant Banking Mutual Fund Online Trading Real Estate Investments Retirement Planning Scheme Tax Planning Scheme

International or N. R. I. Banking

Gold Loan Scheme F. C. N. R. (B) Account Foreign Inward Transfers Letter of Guarantee Non-resident Deposit Schemes (Ordinary, external and foreign currency) N. R. E. Account N. R. O. Account P. N. B. N. R. I. Remit Scheme R. F. C. Account

M. S. M. E. Banking

Artisan Credit Card Scheme Garrage Yogana Gramin Chikitsak Scheme Kushal Udyami Laghu Udyami Credit Card Pragati Udyami Scheme Sahayog Scheme Sarthak Udyami Scheme Vikas Udyami Scheme

Personal Banking

T. M. Card Balika Shiksha Bal Vikas Current Account (Smart banking) Combo Deposit Scheme Credit Card (Global) Debit Card Dugna Deposit Scheme Fixed Deposits (For 555 days, 777 days, 1000 days, 1111 days and victims of road accidents) Loan (Car, education, housing, personal, professional, two wheeler, against property mortgage and for pensioners) Mitra S. F. Account Pensioners Overdraft Facility Scheme Prudent Sweep Rakshak Scheme Recurring Deposit Salary Account (Total freedom) Shikshak Overdraft Scheme Shikshak Sweep Scheme Term Deposits Vidyarthi S. F. Account World Travel Card

Social Banking

Special Schemes (For women and weaker section)

Other Online Services

A. S. B. A. (Application Supported by Blocked Amount) Bill Payments E-Tax Payments Internet Banking Mobile Banking Money Transfer P. N. B. Credit Card (Global) Security Alerts Share Trading

Agriculture Banking
Farmers Welfare Central Sector Schemes:
Capital Investment subsidy Scheme for construction/ renovation/ expansion of rural godown. Scheme for Strengthening of Agricultural Marketing infrastructure, grading and standardization. Capital Investment Subsidy Scheme for construction/ expansion/ modernization of Cold Storages and Storages for Horticultural Produce.

Scheme for providing credit for projects for Development and Strengthening of Infrastructure Facilities for Production and Distribution of seeds.

Scheme For Financing Agri-Business Projects With Venture Capital Assistance From Small Farmers' Agri-Business Consortium (SFAC).

Dairy Entrepreneur-ship Development Scheme (DEDS). Central Sector Scheme on Pig Development. Central Sector Scheme for Salvaging and Rearing of Male Buffalo Calves. Scheme for integrated Development of Small Ruminants and Rabbits. Scheme for Establishing Poultry Estates and Mother Units for Rural Backyard Poultry. Scheme for establishment / modernization of Rural Slaughter Houses.

 Agriculture Credit Schemes:

Some of the Agriculture Credit Schemes offered by PNB are : Pnb Kisan Ichchha Purti Yojana: a) PURPOSE: Loan is sanctioned for productive purpose (production and investment credit) related to agriculture and allied activities, Rural Housing related activities, and Consumption.

b) SUB-LIMIT: 20% of the overall limit or Rs.2 lakh, whichever is lower is given for rural housing activities. However, loan for housing purpose will be allowed only if the mortgage of agricultural land for non agriculture purpose is permissible in the State. 30% of the overall limit or Rs 3 lakh which ever is lower (including 20% of the limit or Rs 2 lakh, whichever is lower, for rural housing activities) is given for consumption purposes.

c) ELIGIBILITY: Only existing good agricultural land owner borrowers who have been continuously availing of any farm advance against mortgage of agriculture land and having no NPA record for last THREE years as on the date of application will be eligible. If the land mortgaged is in the name of more than one farmer then all will be eligible jointly.The condition of three years may be relaxed in case of new farmers having a good amount of deposit for the last three years provided the same is secured by 100% liquid collateral security or loan is secured by 50% liquid collateral security and 50% by mortgage of land.

d) EXTENTbOFvLOAN: Loanblimitbwillvbebtheblowestjof: 5 times average annual (2 years) income from agriculture and allied activities of

thekborrower. or 50%kofkvaluelofkmortgagelland. Maximum limit: Rs.10 lakh

Nature of maximum limit of Rs 10 lakh may be as under:

Maximum Rs 5 lakh for cash credit limit for crop production, consumption needs (other than housing) & working capital for allied activities; Need based term loan within overall ceiling of Rs.10 lakh including cash credit limit mentioned above & loan maximum up to Rs.2 lakh for Rural Housing.

e) RURAL HOUSING LOAN: If the land for which the house related loan is given is in the name of spouse then spouse will be co-borrower. 1. Maximum age limit at the time of sanction of loan is 60 years. Applicants above 60 years but maximum 65 years may be considered for sanction of loan if all the legal heir join as guarantors. 2. Required approval from competent authority for plan, etc., will have to be submitted. 3. Other requirements of Banks Housing Loan Scheme are to be fulfilled. f) REPAYMENT OF LOAN: In case of Production Credit/Consumption Credit aggregate credit into the account during 12 months period should at least be equal to the maximum outstanding in the account. 1. For housing loan maximum repayment period is 9 years including gestation period of 12 months. 2. For Main Agricultural Activities the repayment period is allowed upto maximum of 9 years. 3. For allied agriculture activities repayment period is allowed upto maximum of 7 years. a. Scheme For Financing Mushroom Cultivation g) PURPOSE: Loan is considered for Investment Credit and Working Capital (For initial one crop only). h) ELIGIBILITY: Loan is considered for individuals as well as for large sized units possessing adequate experience of mushroom cultivation.
EXTENT OF LOAN: Need

based.

REPAYMENT OF LOAN: Maximum 7 years including gestation period depending upon repaying capacity of borrower. (i) Scheme For Financing Poultry Farming

Scheme for financing poultry farming provides for investment credit for construction of sheds and purchase of equipments on the one hand and production credit for purchase of day old chicks, feed, medicines, etc., on the other hand. Financial assistance shall be made available to the intending borrowers as under: PURPOSE: For subsidiary activity: Investment credit will be provided in the shape of medium term loan for acquiring fixed assets whereas production credit will be given to meet the working capital requirements in the shape of Short Term Loan. For main activity: Investment credit will be provided as medium term loan whereas production credit will be given either in the shape of cash credit limit or as an integral component of investment credit. ELIGIBILITY: For subsidiary activity: Small farmers, landless agricultural labourers or any other persons who are underemployed and intend to supplement income through poultry. He should be having adequate land/shed where he/she proposes to establish poultry farm. For main activity: The applicant should be well experienced in running poultry unit and should be engaged/desirous of engaging himself in such an activity on commercial basis as his main vocation. He should be having required land/shed where he intends to establish or enlarge a poultry farm. Unit size: Minimum size of the poultry unit to be financed as subsidiary activity should be 500 birds. EXTENT OF LOAN: Extent of loan will be need-based. REPAYMENT OF LOAN: Production credit, if given as short term loan, would be recovered in maximum period of 18/12 months providing gestation period of 6/3 months in the case of layers and broilers, respectively.

Repayment of investment loan shall start after adequate gestation period (upto 12 months in the case of layers and upto 3 months in the case of broilers) in suitable monthly/quarterly/half-yearly instalments over a period of 6-7 years in the case of small farmers depending upon their repaying capacity. (ii) Scheme For Financing Dairy Development Programmes

Dairy projects are financed for the following activities: I. Financing individuals for purchase of good quality high yielding milch animals, viz., cows/buffaloes or cross bred cows for milk production. II. Financing individuals for purchase and rearing of calves upto the stage of first lactation. III. Financing for other innovative animal husbandry activities, namely, cattle breeding, salvaging of dry pregnant cattle, milk-processing facilities, construction of milk houses, etc. FINANCING FOR MILK PRODUCTION ACTIVITY i.e. PURCHASE AND MAINTENANCE OF MILCH ANIMALS (LACTATING COWS/BUFFALOES) FOR MILK PRODUCTION: PURPOSE: Bank provides loan for following purposes:

Purchase of good quality high milk cows/buffaloes. Construction of shed(s) for keeping the animals. Purchase of dairy machinery or other equipments of dairy business. Providing fodder for the animals. Cost of transportation of animal from cattle market. Composite loans are also given for purchase of milch cattle and one month concentrate feed requirements as also for cultivation of fodder crops in integrated manner. undertaking dairying as subsidiary activity.

ELIGIBILITY: >> Individuals

>> Individuals undertaking commercial dairy as main activity. EXTENT OF LOAN: Need-based loan is provided. A unit of 2 milch animals is considered viable minimum size for such an activity for continuous production of milk. (v) Financing For Other Innovative Animal Husbandry Activities:

PURPOSE: Cattle Breeding through Artificial Insemination; Salvaging of dry pregnant cattle; Financing for milk processing facilities; Financing for construction of milk houses (Dudhghar) by Village Milk Cooperative Societies; Financing for development of pasture, etc. EXTENT OF LOAN: Need based.

REPAYMENT OF LOAN: Loans for purchase of milch animals should be repaid as under: -

S.No 1 2 3 4

Repayment period Type of (including gestation Investment period) Cross bred 5 years cow(s) Buffaloes 4-5 years 2 Graded 4-5 years Murrah buffaloes Cross breed calf 5-6 years rearing

Loan Installment period Monthly/ Quarterly -do-do-do-

Gestation period Repayment to be linked with lactation period. -do-do30 months

(vi) Scheme For Financing Fisheries Development SCHEME FOR FINANCING INLAND FISHERIES DEVELOPMENT AND BRACKISH WATER FISH AND PRAWN CULTURE:

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PURPOSE: Financial assistance is extended for Construction/renovation of ponds/tanks., construction of sluices, purchase of fish prawn, fry and fingerlings/ fish seed/ prawn seed, purchase of inputs like oil cake, fertilizers, organic fertilizers and other feed materials upto the first harvest, purchase of nets, boxes, baskets, ropes, shovels, hooks and other accessories etc. ELIGIBILITY: Loan assistance is extended to farmers, individuals, co-operative societies, companies, association of persons who have adequate know-how and necessary infrastructural facilities for implementation of the scheme EXTENT OF LOAN: Need based. REPAYMENT OF LOAN: Loans need to be repaid within the period specified as under: Pond fish culture: 5-8 years including gestation period with yearly mode of repayment. Brackish water fish/prawn culture: 5-10 years including gestation period with halfyearly mode of repayment. (vii) Scheme For Financing Purchase Of Animal Drawn Vehicles I.E. Carts And Draft Animals PURPOSE: Loan is given for purchase of draft animals, animal drawn carts for transport of agriculture inputs & farm produce and other such purposes. ELIGIBILITY: Farmers owning minimum 2 acres of land; farmers having perpetual right of cultivation of minimum 2 acres of land. Persons belonging to category of `Landless agriculture labour are also financed for purchase of animals and carts for providing self-employment. EXTENT OF LOAN: Need based. REPAYMENT OF LOAN: Repayment period is fixed through Monthly/ Quarterly/ Halfyearly intervals as under: Assets Created Bullocks only He buffaloes & drawn carts (Jhota Buggies) Camels only Bullocks & carts Animal drawn carts only Camels & carts Repayment Period 4 years 4-5 years 5 years 5-7 years 5-7 years 5-7 years

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(viii) Scheme For Financing Apiculture (Bee-keeping) PURPOSE: Financial assistance is made available for meeting: Fixed cost such as Construction of honey houses; purchase of colonies; purchase of equipments like bee-boxes, honey extractors, smokers & bee veil, bee knife, hive tool, queen gate, feeder, solar wax extractor, plastic drums for storing honey, sting proof rubber gloves, etc. Recurring Costs such as purchase of foundation sheets, sugar, medicines, gloves, etc. ELIGIBILITY: Small and marginal farmer(s)/ agricultural labourer(s) who are trained in bee keeping and individuals/Association of persons/Companies who possess adequate experience in bee-keeping and are desirous of taking up bee-keeping activity on commercial basis. EXTENT & NATURE OF LOAN: Need based term loan. Provision for initial recurring costs also forms an integral part of term loan only. REPAYMENT OF LOAN: Maximum 5 years including gestation period. (ix) Scheme For Financing Kitchen Gardening PURPOSE: Loan is given for initial expenditure on fencing, purchase of inputs like seeds, fertilizers, plant protection chemicals, Land development, Small gardening equipments. ELIGIBILITY: Applicant be employed in a Government/Semi-Government unit or in a Co-operative/Private Sector Organization of repute. However, he/she should not be working as an ad-hoc employee; Professional and self-employed person having previous dealings with the financing branch; Pensioner of Central/State Government or other Government Undertakings and should be having pension account with financing branch; Wives of employees of Government/Semi Government bodies and other organizations as aforesaid are also eligible provided loan for the purpose has not been raised by their husbands; Staff members are also eligible provided they have sufficient space to undertake such activities; Applicant must have vacant land in/around residential house with right to use such land; He/she should have a deposit account with bank for at least six months; The applicant should have adequate income for repayment of loan. NATURE & EXTENT OF LOAN: Short term loan upto Rs.5000/-. REPAYMENT OF LOAN: One year.

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(x) Scheme For Financing Green Houses PURPOSE: Construction of green houses, purchase of equipments/machinery/inputs and other requirements including post harvest operations and marketing. ELIGIBILITY: Progressive farmers who own required agricultural land, having some experience/training in green houses and are following modern Agricultural technologies. NATURE & EXTENT OF LOAN: Need based. Medium term loan for construction of green house, purchase of equipments, machineries etc. Short term loan for purchase of inputs, labor and post harvest operations may be given under bank's KCC scheme. REPAYMENT OF LOAN: 5-7 years. For short term credit, repayment period may be of one year or as per KCC scheme..

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PNB Farmers' Welfare Trust Punjab National Bank has created a Trust namely, PNB Farmers Welfare Trust, duly registered with Sub Registrar VII, New Delhi on 22.9.2000. This Trust is registered under Section 12 A read with section 12 AA(1)(b) of the Income Tax Act 1961. The Trust has also obtained exemption U/s 80 G of Income Tax Act 1961 and is authorized to accept donations which are exempted under above Section. PNB Farmers' Welfare Trust is established with the basic objective of welfare of farmers without any profit motive for the Bank. The Banks Chairman and Managing Director is the Chairman of the Trust and Executive Director & two Chief General Managers and three General Managers of HO are the Trustees. Sh. V.D. Kumar & Smt. Malkiat Sandhu are the President & the Vice-President of the Trust, respectively. PNB FARMERS TRAINING CENTRE

PNB Farmers Welfare Trust (PNBFWT) is operating 10 PNBFTCs across the country to provide training facilities to farmers, women and rural youth. FTC at Talai is a joint venture under Tie up with ITC Limited.This FTC was inaugurated by Honble Union Finance Minister Shri Pranab Mukherjee on 11.06.2011. CAPACITY BUILDING & DEVELOPMENT Free of cost trainings are being undertaken at FTCs as appended: 1. One day, 2 days, and 3 or more days duration training programmes at FTC premises on agriculture and allied activities. 2. Three months/six months programme on computer applications. 3. Three months duration training programme on cutting, tailoring and embroidery for ladies. 4. Entrepreneurship Development Programme (EDP) for skill development.

Residential programmes are also absolutely free of any charges.

In addition, on-location training programmes are also arranged in the villages at the doorsteps of the farmers.

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TRAINING ACTIVITIES DURING FINANCIAL YEAR 2010-11 The Nine operational PNBFTCs inter alia conduct training programmes for farmers, women and youth in rural areas. The overall performance of the FTCs during Financial Year 2010-11 is as under: Target 2010-11 No. of Programmes 2500 No. of Trainees 70000 Achievement 2010-11 No. of Programmes 2550 No. of Trainees 71794 No. of Programmes 102 No. of Trainees 103 % Achievement

OTHER INITIAITVES HEALTH CLINICS AT FTCs FTC Sacha Khera, Neemrana, Mehraj and Vidisha have started health check up facility for ladies, children and also the trainees during 2010-11 This facility is made available once a week at FTC complex. Other FTCs shall also be providing this facility in due course. KISAN MELAS During the year 2010-11 Kisan Melas have been organized by the FTCs which evinced lot of interest among farmers of respective areas. WOMEN EMPOWERMENT Since inception, FTCs have been providing training to women in Agriculture and Allied activities, computer courses, Cutting & Tailoring, Embroidery etc. Till March 2011 FTCs have provided training to 60829 women. FTCs also conduct exclusive programmes for women. Since inception 161 such programmes were so far conducted from which 3556 women derived benefit. KISAN BANDHUS AT THE DOOR STEPS OF FARMERS

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PNBFWT is implementing a scheme of KISAN BANDHUS whereby local youths have been inducted and trained at each of the FTCs for actively pursuing Financial inclusion. The Kisan Bandhus repeatedly visit the villages for involving the financially excluded families in the process of economic growth by providing them financial counseling, extension services and helping them in their saving/credit linkage with the banks. The Kisan Bandhus also arrange to form Farmers Clubs/ SHGs and hold Kisan Goshties for popularizing the concept of financial inclusion among the villagers.

BUSINESS FACILITATION & FINANCIAL INCLUSION PNB has approved Business Facilitators and Business Correspondents Model for financial inclusion as suggested by RBI. So as reach the people of remote rural areas for implementation of the model, the bank has appointed Farmers Welfare Trust and its Farmers Training Centres as Business Facilitators /Business Correspondents. Under the FI Projects, Biometric Smart Cards are being issued with technology support to the account holders. On an average 60,000 credit transactions are taking place in these Biometric Smart Card enabled accounts every month. The achievements of Kisan Bandhus in business facilitation and in implementing the scheme for financial inclusion till March 2011 are summarized as under: At present 118 Kisan Bandhu are working at the FTCs. Out of this 107 are working at Centres where bio-metric smart card based transactions are taking place, remaining 11 are engaged in other activities. UPPORT FROM NABARD Trust thankfully acknowledges the receipt of Rs.93.95 lacs as financial support from NABARD towards 50 % of recurring training related expenses incurred by the FTCs during the year 2009-10. ESTABLISHING OTHER FTCs i) FTC KARAPALLI, TEHSIL BERHAMPUR, DISTRICT GANJAM IN ORISSA. Government of Orissa has allotted 7 acres of land at Mauja Karapalli, Tehsil Berhampur, Distt. Ganjam to PNB for establishing PNB Farmers Training Centre. The Foundation Stone for the FTC, Karapalli Complex was laid by Shri Naveen Patnaik, Honble Chief Minister of Orissa State. The construction of FTC premises is being taken up.

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This Ninth FTC has however been operationalised temporarily from RITE premises at Karapalli, Tehsil Berhampur, District Ganjam in Orissa on 13.04.2010. ii) FTC JHALARA PATTAN, (RAJASTHAN) Government of Rajasthan has allotted 8 acres of land for setting up a second FTC in Rajasthan. A composite FTC-RSETI (Rural Self Employment Training Institute) is planned at this location. Construction work shall commence soon. AIDING DEVELOPMENT OF ADOPTED VILLAGES All the operational FTCs except Karapalli and Talai have adopted one village each and are taking up community and other activities with a sanctioned budget of Rs.5.0 lacs each per village. The cumulative amount of expenditure incurred till March 2011 in adopted villages is Rs.25.51 lacs.

SPECTRUM OF ACTIVITIES UNDERTAKEN IN ADOPTED VILLAGES. A wide range of activities are being undertaken in the adopted villages with the aim of improving the overall living conditions of the villagers as also to aid the development of the rural women, youth and children. Maintenance of Adult Literacy Centres, Libraries, Installation of Hand Pumps, Solar Lights, Construction of Toilets in Schools , Providing Water Coolers in Schools , Development of Village ponds etc. are some of such activities. PNBFWT - ALWAYS IN SEARCH OF NEW AVENUES FOR SUPPORTING RURAL INDIA. Scheme for Financial Assistance to Meritorious Children Of Tractor Borrowers introduced in 2010-11. In the first year Rs. 1.81 lakh assistance was given to 27 Children. RECOGNITION/ACHIEVEMENTS The activities of the Trust have been appreciated by many visiting dignitaries from RBI/Banks, NABARD and State Governments representatives. Activities of FTC Sacha Khera, Neemrana and Vidisha have been covered by Door Darshan & All India Radio. Punjab Farmers Commission has given 2 Happy seeder Machines in Punjab based FTCs namely FTC Shamsher Nagar & Mehraj. These machines are being used for free of cost demonstration among farmers and in their fields.

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NABARD has recognized the Training capabilities of FTC Sacha Khera and entrusted it with the responsibility of implementing a pilot project on Technology Transfer, Credit counseling and Market Advocacy through 20 Farmers Clubs in Jind District, Haryana. Trust and its FTCs are significantly contributing towards enhancing the image and brand equity of Punjab National Bank and in fulfilling its CSR commitments as well. MARCHING AHEAD The Trust has set for itself, the avowed task of leveraging the training facilities available at FTCs for the agribusiness and rural credit growth in the operating area

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Corporate Services Cash Management Services Punjab National Bank had taken a major initiative for managing the funds of Corporates. The services are essentially meant for pooling your funds spread across the country at a place of your choice with the least time delay, if not instantaneously in many cases. We shall collect your receivables from your representative or your business associates at more than 2700 CBS branches spread across 935 centers all over the country and pool the same at the branch specified by you. The services can be custom designed to cater to your specific needs.. The Scheme offers the following options for you: Option I : Instant credit through our CMS to your account, pending clearance of funds. Option II: Credit to your account through our CMS after realizations. Option III : You can choose Option I or II according to your client profile and indicate to us client-wise. A host of Daily/weekly/monthly reports and special report including center-wise reports generated at our HUB at Delhi, can be sent you through electronic media as per requirements of your funds Managers. The Bank offers the above services at most competitive rates. The charges for the services are given as under:(Charges in paisa/Rs. 1000) For Metro locations (metropolitan cities) For Non-metro locations (state capitals & District HQs) For Remote locations (all other locations) Exim Finance Services offered to Exporters

25 paisa 50 paisa 90 paisa

Pre-shipment finance in foreign currency and Indian rupees Post-shipment finance in foreign currenc y and Indian rupees Handling export bills on collection basis Outward remittances for purposes as permitted under Exchange Control guidelines

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Inward remittances including advance payments Quoting of competitive rates for transactions Maintenance of Exchange Earners Foreign Currency (EEFC) accounts Assistance in obtaining credit reports on overseas parties

Services offered to Importers

Establishment of Import Letters of Credit covering import into India and handling of bills under Letter of Credit Handling of import bills on collection basis Remittance of advance payment against imports Offering utilisation of PCFC ( pre-shipment credit in foreign currency) for imports Credit reports on overseas suppliers

Interest rates : Particulars Pre-shipment Credit i) upto 270 days BPLR System w.e.f. 01.08.2010 BPLR minus 2.50% Base Rate System w.e.f. 01.10.2010 BR + 0.75% BR + 0.75%

ii) Against incentives receivable from Govt. BPLR minus 2.50% covered by ECGC Guarantee (upto 90 days) Post-Shipment Credit: (i) Demand bills for transit period (as specified by BPLR minus 2.50% FEDAI) (ii) Usance bills (For total period comprising usance period of export bills, transit BPLR minus 2.50% period as specified by FEDAI and grace period, wherever applicable).Upto 180 days (iii) Overdue bills upto 180 days from the date of BPLR minus 2.50% advance (iv) Against incentives receivable from Govt. BPLR minus 2.50% covered by ECGC Guarantee (upto 90 days)

BR + 0.75%

BR + 0.75%

BR + 0.75%

BR + 0.75%

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(v) Against undrawn balance BPLR minus 2.50% (upto 90 days) (vi) Against retention money (for supplies portion only) payable within one year from BPLR minus 2.50% the date of shipment (upto 90 days) Deferred Credit: Deferred credit for the period BPLR + 3.50% beyond 180 days. Export Credit Not Otherwise Specified (ECNOS): (i) Pre-shipment Credit BPLR + 3.50% (ii) Post-shipment Credit BPLR + 3.50%

BR + 0.75%

BR + 0.75%

BR + 6.00%

BR + 6.00% BR + 6.00%

Term Loans to Exporters (Over Rs. 2 lakh Particulars Sanctioned upto 31.01.2003 Sanctioned on or after 01.02.2003 BPLR System w.e.f. 01.08.2010 As per terms of the sanction BPLR Base Rate System w.e.f. 01.10.2010

BR + 3.25%

PNB EXPO GOLD CARD FOR EXPORTERS Punjab National Bank is having a PNB Expo Gold Card Scheme based on the scheme drawn up by
Reserve Bank of India. The scheme ensures easy availability of export credit on best terms, to credit worthy exporters with good track record. The salient features of the scheme are as under: -

Eligibility under the Scheme

All Exporters including those in small and medium sector with good track record and credit
worthiness will be eligible. Exporters with minimum rating of "BB" as per risk rating module or A based on seven pricing parameters will be eligible. .

Exporters with accounts classified as Standard continuously for a period of three years with no
irregularities/adverse features in the conduct of the accounts The scheme will not be applicable for exporters blacklisted by ECGC, or in RBIs defaulters list/caution, or having overdue bills in excess of 10% of the previous years turnover Exporters undertaking exports on collection basis will also be considered provided they have been dealing with our bank for a period of at least three years.

Fixation of Credit Limit

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In-principle' limits will be sanctioned for a period of 3 years with a provision for automatic renewal
subject to fulfillment of the terms and conditions of sanction. A stand-by limit of 20 per cent of the assessed limit may be additionally made available to facilitate urgent credit needs for executing sudden orders. In the case of exporters of seasonal commodities, the peak and off-peak levels will be appropriately specified. In case of unanticipated export orders, norms for inventory may be relaxed, taking into account the size and nature of the export order. Gold Card holders would be given preference in the matter of granting of packing credit in foreign currency. Foreign currency term loans to Gold Card Holders given on priority basis. Requests from card holders would be processed quickly within 25 days / 15 days and 7 days for fresh applications / renewal of limits and ad hoc limits, respectively.

Tenure

The card will be issued for 3 years to be renewed automatically for a further period of 3 years unless there are adverse features/irregularities in the account. The performance of the exporters to be reviewed on yearly basis to decide continuation/amendment/withdrawal of benefits to Gold Card Holder.

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Financial Services
1. Insurance Business Punjab National Bank has taken a number of initiatives for the benefit of its invaluable customers and has virtually become one stop shop for various financial products & service Health Insurance
The Product has been got designed exclusively for PNB Customers and only the A/c Holders of PNB will be eligible to take cover under the Scheme. The product available in all PNB Branches across the country.

SALIENT FETURES:
A Family Floater Scheme. Cover for 4 family members under single premium Age Group covered: 3 months to 80 years. No Medical Examination for entry at any stage. Cashless facility available at a large Net Work of Hospitals. The policy will be serviced by TPAs (Third Party Administrators). Premium much lower and quite comparable with all available health insurance products in the market. Uniform Premium for persons of all age-groups up to 80 years age. Other benefits such as Ambulance Charges, Cost of Health Check-up, Hospital Cash etc. also available under the Scheme. Cover available for Minimum Sum Insured of Rs.1 Lac, up to Rs. 5 Lac, in multiple of Rs.1.00 Lac. The Premium Structure (Inclusive of Service Tax) is as under: Sum-Insured Premium 1 Lac 1717 2 Lac 3259 3 Lac 4536 4 Lac 5674 5 Lac 6705

Vehicle Insurance Private Car Package Policy Brief Description :

A Private Car is defined as any transport vehicle /car /omnibus whose unladen weight does not exceed 7,500 kgms and is used only for social, domestic and pleasure purpose and insured's own business. The policy does not cover use for Hire or Reward, Organised racing, Speed testing and carriage of goods (other than samples) in connection with any trade or business or use for any purpose in connection with MOTOR TRADE. On payment of extra premium the policy may be extended for Personal Accident cover as well.

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Covered Risks :
Fire, Explosion, Lightning, Burglary and Theft, Riot and Strike, Typhoon, Hurricane, Storm, Tempest, Malicious act, Earthquake, Flood, Terrorist activity, Landslide/Rockslide. It also covers damages by accidental, external means while in transit by rail/road, inland water, lift or air in addition to the legal liability required by law

Major Exclusions :
Consequential loss, Depreciation, Wear & tear, Mechanical/ electrical breakdown, failures or breakages, Damage to tyres unless the motor car is damaged at the same time and any accidental loss or damage suffered while the person driving is under the influence of intoxicating liquor or drugs.

Householders Insurance Policy

Brief Description :
The House holder's Insurance Policy is a comprehensive shelter that protects your house and the various contents in it against a variety of risks. It is a single policy that takes care of a number of contingencies. The policy is divided into 10 sections. Sec 1(B) and a minimum of any 2 other sections are compulsory. Section 1 : Fire and Allied Perils. Section 2: Burglary. Section 3:All risks. Section 4 : Plate Glass. Section 5 : Breakdown of domestic appliances. Section 6: T.V. Set. Section 7 : Pedal Cycles. Section 8 : Baggage Insurance. Section 9: Personal Accident. Section 10: Public Liability

Covered Risks :
Buildings of class 'A' construction, Plate Glass, Breakdown of domestic appliances, T.V. Set, Pedal Cycles, Baggage Insurance, Personal Accident, Public Liability

Overseas Mediclaim Employment and Study

Brief Description :
This policy provides indemnity for expenses incurred for medical treatment for illness, disease contracted or injury sustained during overseas travel and which is primarily in the nature of an emergency and which is necessary to be undertaken immediately. The minimum period of cover is 2 months, and maximum is 12 months. If necessary, the policy can be renewed. The sum insured is US$ 75,000.The premium has to be paid in US dollars, irrespective of the country of visit.

Covered Risks :
The policy consists of 2 sections covering different risks. Since the cover is available as per plans, the expenses would be reimbursed up to limits prescribed under the plan opted for. Please see the policy for more details

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Major Exclusions :
This policy cannot be issued for less than 2 months. Any claims for dental treatment except as a result of injury; Pregnancy including miscarriage and child birth.

Kissan Package Insurance

Brief Description :
The Kissan Package policy is a comprehensive policy specially designed by Oriental that seeks to cover losses arising out of a wide variety of risks and perils. It lets a farmer concentrate on his business, free of many worries. The policy is divided into 15 sections offering protection to the farmer to his personal effects, household goods, livestock, poultry, personal insurance and mediclaim

Covered Risks :
Residential building against fire and allied perils, stock of from products, TV/VCR, Pedal cycle, Personal accident, his cottage industry, Cattle and Livestock, agricultural pumpset, poultry, baggage while on tours, animal driven cart, honey bee, gun, hospitalisation expenses for him and his family

Electronic Equipment Insurance Policy

Brief Description :
This policy offers you financial protection in case your electronic equipment suffers accidental electrical and machinery breakdown requiring repairs and /or replacement. This policy covers all types of computers including micro - processors, word - processors, tele - communication instruments, machine for medical use, films and television studio equipment, electronic score boards etc

Covered Risks :
Under this insurance you are covered against all kinds of accidental, Electrical and Mechanical breakdowns due to internal causes, external causes and operational deficiencies.

Major Exclusions :
Damage due to any cause for which the manufacture and/ or supplier is responsible, Defects existing at the time of taking insurance known to the insured but not known to the Insurers, Loss or damage due to interruption caused by the failure of electricity service or supply.

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Mutual Funds

In an endeavor to enlarge the range of services available to our customers, PNB has been distributing the products of Principal PNB Asset Management Company Pvt. Ltd. from its designated branches, since July, 2004. In recent times Mutual funds have gained rapid popularity as a good investment vehicle and public at large is attracted towards MF investment, which has variety of schemes and income options offered by Mutual Funds which can suit the financial preferences of all classes of investors, be it Retail, Corporate or Institutional. The following benefits, intrinsic to investments in Mutual Funds have inspired greater confidence amongst the investors: Transparency Efficient Performance Liquidity Convenience Tax benefits Range of schemes: Mutual Funds offer schemes keeping in view the risk profile and risk-return preferences of investors. For an aggressive investor with appetite for risk, Equity oriented schemes are available which have a higher potential for capital appreciation. For a conservative investor with expectations of stable returns and low risk, Income Schemes are available. To suit various type of requirements of the investors, some of the schemes of Principal PNB AMC & UTI AMC are as under: PRINCIPAL PNB AMC: Principal Growth Scheme: Open-ended equity fund with an investment portfolio of stocks diversified across different sectors of the economy. Principal balanced Fund: Open ended fund with an equity (diversified) component of 51% to 70% and Debt component (including Money Market) 30% to 49%. Principal Income Fund: Open-ended fund with up to 100% investment in Debt instruments (including Money Market instruments and securitized debt) Principal Income Fund Short Term Plan: The scheme is meant for investors seeking stable returns over shorter-term investment horizons compared to the Principal Income Fund.

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Principal Cash management Fund: An Open-ended fund that invests 100% of its corpus in Money Market instruments and seeks to provide an excellent avenue to park very short term cash surpluses and earn returns linked to the call money market rates. Principal Index Fund: An Open-ended fund that tracks S&P CNX Nifty (NSE) closely. The aim of the fund is to provide its investors returns commensurate with the Nifty. Principal Large Cap Fund: An open-ended scheme to invest in the stocks of the companies having a large market capitalization. The fund is suitable for investors interested in long term capital appreciation. Principal Child Benefit Fund The scheme is suitable for an investor seeking long-term growth and accumulation of capital for the beneficiary. The objective of the scheme is to generate regular returns and/or capital appreciation / accretion with the aim of giving lump sum capital growth at the end of the chosen target period or otherwise to the Beneficiary. Principal Global Opportunities Fund It is an open-ended growth fund. The fund is suitable for investors who would like to diversify investments into other markets / securities by taking advantage of the potential growth in the global markets and thereby reduce the risk of having a portfolio predominantly invested in India. The investment objective of the scheme is to build a high quality. International Equity portfolio out of the permissible investments as defined and permitted under the regulations from time to time and provide returns and/or capital appreciation along with regular liquidity to the investors. Principal Infrastructure & Service Sector Fund: An open-ended Equity Scheme with an objective to provide capital appreciation and income distribution by investing predominantly in Equity/Equity related instruments of Infrastructure & Service Sector companies.. Principal Tax Savings Fund: An open-ended Equity linked savings scheme suitable for investors seeking income tax deductions under section 80C(2) of Income Tax Act along with long-term equity-market returns from investment in equities. Principal Personal Tax Saver Fund: The scheme is suitable for investors seeking income tax deductions under section 80C(2) of ITA along with long term equity-market returns from investment in equities. Principal Monthly Income Plan:

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An open-ended income scheme having periodical distribution with no assured monthly returns. MIP attempts to provide income on a monthly basis and is, therefore, particularly suited for investors seeking regular source of income. UTI MUTUAL FUND: UTI Infrastructure Fund: (Formerly known as UTI-BASIC INDUSTRIES FUND) An open ended equity fund with the objective to provide Capital appreciation through investing in the stocks of the companies engaged in the sectors like Metals, Building Materials, Oil & Gas, Power, Chemicals, Engg. etc. UTI Mid Cap Fund : An open ended equity fund with the objective to provide Capital appreciation by investing primarily in Mid Cap stocks. UTI Large Cap Fund: An open ended equity Fund with the objective to provide capital appreciation through investment in top 50 companies in terms of market capitalization. UTI Services Sector Fund: An open-ended fund which invests in the equities of the Services Sector companies of the country. One of the growth sector funds aiming to provide growth of capital over a period of time as well as to make income distribution by investing the funds in stocks of companies engaged in service sector such as banking, finance, insurance, education, training, telecom, travel, entertainment, hotels, etc. UTI Leadership Equity Fund: The scheme seeks to generate capital appreciation and / or income distribution by investing the funds in stocks that are Leader in their respective industries /sectors / sub-sector. UTI Dividend Yield Fund: An open-ended equity scheme. It aims to provide medium to long term capital gains and/or dividend distribution by investing predominantly in equity and equity related instruments which offer high dividend yield. UTI Index Select Fund: An open-ended equity fund with the objective to invest in select stocks of the BSE Sensex and the S&P CNX Nifty. The fund does not replicate any of the indices but aims to attain performance better than the performance of the indices. UTI Equity Fund: UTI Equity Fund is open-ended equity scheme with an objective of investing at least 80% of its funds in equity and equity related instrument with medium to high risk profile and upto 20% in debt and money market instruments with low to medium risk profile. UTI Childrens Career Plan (Balanced):

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An open-ended debt oriented fund with investment in Debt/G-sec of minimum 60% and a maximum of 40% in Equity. Investment can be made in the name of the children upto the age of 15 years so as to provide them, after they attain the age of 18 years, a means to receive scholarship to meet the cost of higher education and/or to help them in setting up a profession, practice or business or enabling them to set up home or finance the cost of other social obligation. MERCHANT BANKING Merchant banking primarily involves financial advice and services for large corporations and wealthy individuals. MERCHANT BANKING ACTIVITIES: The Major Merchant Banking activities which the Bank offers to its clients are:

Issue Management - Management of Public Issues i.e. IPOs, FPOs, Right Issues, etc. as Book Running Lead Manager Bankers to the Issue Payment of Dividend Warrants / Interest Warrants / Refund Orders Debenture Trustee Underwriting Monitoring Agency

Besides promoting / marketing the above Merchant Banking Business in the Bank through specialized Capital Market Services Branches, Merchant Banking Cells and identified branches, the Merchant Banking Division also looks after the following activities:

Marketing of Merchant Banking Business Monitoring / Supporting Capital Market Service Branches Refund Paid / Payable

MERCHANT BANKERS ASSIGNMENTS: At present, the Bank is holding following Licenses from SEBI:

Merchant Banker Banker to the Issue Underwriting Debenture Trustee

1. Bankers to the Issue (Collecting Banker):

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Being a licensed Banker to Issue registered with SEBI, enables us to provide Escrow Collecting Bank/services and refund Bank services related to Initial Public Offering (IPO), Follow on Public Offering (FPO) and Right Issue. The process of collections, needs a high degree of close co-ordination between various capital market intermediaries such as the Book Running Lead Manager, the Syndicate Members, the Registrar and most importantly the issuer Company. Our large network of branches and strong bonds with various capital market constituents enable us to offer better solutions for clients.

2. Payment Of Dividend Warrants / Interest Warrants (Paying Banker):

The Merchant Banking Division has also got enabled a functionality of a new system in CBS branches for payment assignments, which is similar to Demand Draft Payable Account under Finacle. The product has the following unique features that ensure that the payment account of the corporate remains reconciled at any point of time:

o Facility for upfront uploads of the instruments issued by the companies into Core Banking system o Online payment of the instruments by CBS branches o Validation of instruments details by the system o Online status update of paid instruments by the system o Online MIS on paid/unpaid instruments at any point of time o Facility to cancel lost instruments and to re-upload duplicate instruments issued in lieu thereof o MIS on cancelled instruments o 100% reconciliation of the corporate dividend / refund order payable by a/c by the system without manual intervention

Facility to provide MIS on paid / outstanding instruments in ASCII format, which can be suitably converted by the corporate for updating their in-house database This new facility will help in solving the major problem in handling these assignments i.e. reconciliation of accounts. This will also help in reducing the cost of reconciliation, postage and handling cost.

5. Debenture Trustee:

In terms of SEBI guidelines, all debenture issues (public rights) of the companies with the maturity period exceeding 18 months are required to have "Debenture Trustee" and its name must be stated in the prospectus of the issue. The necessity of creation of debenture trust is to organize the large number of debenture holders and facilitate interaction by the companies issuing debentures with a single entity rather than individual debenture holders. Merchant Bankers 30

(holding valid Registration with SEBI as debenture trustee) act as Trustees for the debenture holders to accept security created by the company, to secure the repayment of principal and payment of interest thereon, taking action for safeguarding their interest and enforcing their rights in times of needs. As per SEBI guidelines lenders cannot act as Trustees to debentures/bond the issues of the Companies who are their borrowers. Therefore, branches of the Bank must not obtain 'Debenture Trustee' assignments of the parties/companies which are availing Credit facilities from our Bank.

6. Monitoring Agency:

In terms of SEBI (DIP) guidelines, the Company issuing the shares to public shall make arrangements for the use of proceeds of the issue to be monitored by one of the financial institutions, in case of issues, which exceed Rs.500 crores. Though, in terms of SEBI guidelines, it is mandatory for the issuers to appoint 'Monitoring Agency' if the issue size is more than Rs.500 crores, on the insistence of Merchant Bankers and Stock exchanges, the issuers of issues of less than Rs. 500 crores are also appointing monitoring agency. Utmost attention is required for monitoring the proceeds, submission of statement as per SEBI guidelines to the company reporting of defaults etc. after acceptance of the assignment.

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