In a bid o expand the branch network Punjab National bank has inaugurated to new branches one in Kazhakuttam in Thiruvananthapuram district and another in Chalakudy in Thrissur district of Kerala. The branch at Chalakudy is equipped with ATM facility.
The total number of branches of the bank in Kerala has now become 141. Further the bank officials also shared plans opening more branches and installing more ATMs in the state.
Punjab National Bank has come up with two new schemes for the NRI customers of the bank. The two new schemes offered are FCNR Premium linked Deposit scheme and NRI Rupee Flexible Deposit scheme.
Premium linked Deposit applies to the term deposit accounts that have deposit period of one year and in currency only (USD, Euro, GBP, CAD and AUD).
Rupee Flexible Deposit scheme allows the NRI customers to withdraw principal amount from their Fixed Deposit account without attracting penalty on the remaining deposit.
