Punjab National Bank (PNB) has entered into an exclusive MoU with the Indian Army on August 21 to provide two specialised credit cards for serving personnel, the PNB LUXURA Metal Credit Card for Army officers and the PNB Parakram Credit Card for Junior Commissioned Officers (JCOs) and other ranks. The cards offer benefits including 3% cashback on Canteen Stores Department (CSD) purchases, complimentary domestic and international airport lounge access, zero forex markup, Buy One Get One movie ticket offers, complimentary golf lessons and other reward benefits, while the Parakram card also features a biodegradable design. The agreement was signed at Indian Army Headquarters in Delhi by Maj Gen VK Purohit and PNB General Manager Deepak Kumar, with senior Army and PNB officials, including PNB MD & CEO Ashok Chandra, in attendance. From a business perspective, the partnership expands PNB’s credit-card offering within the Armed Forces segment, with the products structured around lifestyle and financial benefits for different categories of Army personnel.

PNB

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