M16S / Punjab National Bank / Punjab National Salary RuPay Select Credit Card
mid · rewards, lifetime-free, upi
Punjab National Salary RuPay Select Credit Card
The Punjab National Salary RuPay Select Credit Card charges no annual fee and no joining fee. Its base return is 0.33% (2 points per Rs 150). The forex markup is 3.5%. Lounge visits in India: 8 per year (2 per quarter). Abroad: 2 per year. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.33%
- Forex markup
- 3.5%
- Interest
- 2.95%a month
What changed on this card
- PNB credit card charges rise from 1 Nov 2026: cash, late fee, rewards
From 1 November 2026, PNB Visa and RuPay credit cards pay 2.5% on cash advances, late fees up to Rs 1,200, Rs 99 per reward redemption and 1% on utility bills above Rs 50,000 a cycle.
- PNB credit cards add 1% fee on utility payments above Rs 50,000, Nov 2026
From 1 November 2026 utility payments above Rs 50,000 in a billing cycle carry a 1% charge, at most Rs 2,000 per transaction. It was nil before. Source: Punjab National Bank, creditcard.pnb.bank.in, read 28 Oct 2026
- PNB credit cards add Rs 99 fee per reward redemption, Nov 2026
From 1 November 2026 each reward redemption request on PNB Visa and RuPay credit cards costs Rs 99 plus GST. It was nil before. Source: Punjab National Bank, creditcard.pnb.bank.in, read 28 Oct 2026
- PNB credit cards raise returned payment fee to 2% of amount, Nov 2026
From 1 November 2026 a returned cheque or failed ECS or auto debit costs 2% of the payment amount with a minimum of Rs 400. Before, it was Rs 100 per instrument on Visa Classic and Gold, Rs 250 on Visa Platinum and Signature, and Rs 200 on the other variants. Source: Punjab National Bank, creditcard.pnb.bank.in, read 28 Oct 2026
- PNB credit cards reset late payment fee bands, Nov 2026
From 1 November 2026 late fee on Total Amount Due is nil up to Rs 500, Rs 500 up to Rs 1,000, Rs 750 up to Rs 10,000, Rs 1,000 up to Rs 50,000 and Rs 1,200 above. Before, it was nil up to Rs 1,000, then Rs 500, Rs 600 and Rs 750 above Rs 10,000. Source: Punjab National Bank, creditcard.pnb.bank.in, read 28 Oct 2026
- PNB credit cards raise cash advance fee to 2.5%, Nov 2026
From 1 November 2026 cash advance on PNB Visa and RuPay credit cards is 2.5% of the amount or Rs 400 at PNB ATMs, Rs 500 at other domestic ATMs and Rs 500 at overseas ATMs, whichever is higher. Before, it was 2% with minimums from Rs 100 to Rs 300 depending on the variant and ATM. Source: Punjab National Bank, creditcard.pnb.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | No joining or annual fee while the salary account is active and salary is credited regularly. |
Rewards
| Reward currency | PNB Rewardz points |
|---|---|
| Base earn | 2 points per Rs 150 |
| Base return | 0.33% |
| Point value | 1 point = Rs 0.25 (card page and MITC). The bank's rewards page separately states 1 point = Rs 0.50; the lower, MITC figure is used here. |
| Points expiry | 3 years from accrual (rewards page) |
| Reward notes | Minimum redemption 1,000 points; redeem via PNB Rewardz catalogue, cashback to card account or paper form. No redemption fee is published. The MITC says reward value may be changed at the bank's discretion. Excluded spend categories are not published. base_return_pct = 2 points x Rs 0.25 / Rs 150 = 0.33%. |
Travel and perks
| Domestic lounge | 8 per year (2 per quarter) |
|---|---|
| International lounge | 2 per year |
| Lounge conditions | No spend condition published. Railway lounge not available. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% (min Rs 12.50) refunded on fuel transactions of Rs 500-4,000, cap Rs 350 per statement cycle; taxes not refunded |
| Other freebies | Myntra Rs 250, Ola/Uber Rs 100 and Bigbasket/Blinkit Rs 250 vouchers each quarter; Netmeds 20% off per quarter (min order Rs 999); spa service once a year; annual health check-up; one OTT membership per year (Zee5/SonyLiv/Prime/Hotstar); Gaana Plus 12 months; Swiggy One 3 months; personal accident / permanent disability cover up to Rs 2 lakh |
Charges and eligibility
| Interest per month | 2.95% |
|---|---|
| Late payment fee | Total due up to Rs 1,000: Nil; Rs 1,001-5,000: Rs 500; Rs 5,001-10,000: Rs 600; above Rs 10,000: Rs 750 |
| Cash advance fee | 2% or Rs 150 (PNB ATMs) / Rs 200 (other domestic ATMs) / Rs 300 (overseas), whichever is higher; cash limit 20% of credit limit |
| Eligibility | PNB salary account holders under the OPTIMA and IMPERIAL schemes |
| Fine-print notes | Forex refunds also attract the 3.5% fee. Over-limit fee 2.5% (min Rs 500; Rs 250 on Visa Classic/Gold). Railway surcharge 2.5% at counter, up to 1.8% on IRCTC. EMI: Instant EMI 12% p.a. (3-12 months), 14% p.a. (18/24 months), processing 2% min Rs 100. MITC and schedule of charges carry no date. A card unused for a year may be closed after intimation. FD-backed versions carry 1.5% per month interest and a different late fee (30% of minimum due, Rs 200-500). Lifetime free only while the PNB salary account stays active with regular salary credits. Add-on cards not allowed. |
Questions
- What is the annual fee of the Punjab National Salary RuPay Select Credit Card?
- No annual fee.
- Does the Punjab National Salary RuPay Select Credit Card give airport lounge access?
- Yes. In India: 8 per year (2 per quarter). Outside India: 2 per year. Conditions: No spend condition published. Railway lounge not available.
- What is the forex markup on the Punjab National Salary RuPay Select Credit Card?
- 3.5% of each foreign-currency transaction, before GST.