StartupGrants India
Punjab National Bank
Corporate

Punjab National Bank

New Delhi, Delhi, India

Bank with a current account scheme for start-ups holding a Start-up Certificate of Recognition, plus digital loans for micro and small enterprises.

Official website

Punjab National Bank at a glance

AddressPlot No 4, Sector -10 Dwarka, New Delhi 110075
Programmes2 standing programmes
Official websitepnb.bank.in
Emailcare@pnb.co.in

Programs Punjab National Bank supports

Programs this organisation funds, run by others. · 1 open now · 0 past

Open now

Credit Guarantee Scheme for Startups (CGSS)

under Credit Guarantee Scheme for Startups (CGSS)
by Punjab National Bank

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Programmes they run

Standing programmes at Punjab National Bank, separate from the funding calls above.

PNB “START UP” Current Account Scheme for Start Up Businesses

Programme

A current account for start-up businesses that hold a Start-up Certificate of Recognition, with the minimum balance waived for the first 24 months.

Best for: Start-up businesses holding a valid Start-up Certificate of Recognition

What you get, who can apply and how to apply

A current account scheme from Punjab National Bank for start-up businesses. The page says all entities eligible to open a current account can hold it, with a valid Start-up Certificate of Recognition as an additional condition.

What you get

  • Minimum balance waiver for the first 24 months. After that, a monthly average balance applies.
  • Free online transactions, folio charges and SMS alerts.
  • Free cash deposits up to a monthly limit set as a multiple of your average balance, with an upper cap.
  • A free business debit card, Master or RuPay.
  • 100 free cheque leaves and 10 free demand drafts a month.
  • A discount on the monthly rental of POS, QR and sound box payment devices.
  • Annual locker rent waived for the first year for one small locker.

Who can apply

  • Entities holding a valid Start-up Certificate of Recognition.
Full PNB “START UP” Current Account Scheme for Start Up Businesses guide

Digi MSME Loan

Loan

Digital working-capital overdraft and term loan for micro and small enterprises with a Udyam Registration Certificate.

Best for: Micro and small enterprises with a valid Udyam Registration Certificate

What you get, who can apply and how to apply

The bank describes the Digi MSME Loan as designed to provide hassle-free digital finance to micro and small enterprises. It comes as an overdraft for day-to-day working capital and as a term loan for plant, machinery, equipment, vehicles or other business assets. The facility carries guarantee cover under the CGTMSE scheme.

Who can apply

  • Individuals and sole proprietors in manufacturing, trading or services, with a valid Udyam Registration Certificate.
  • Not already availing a fund-based revolving business loan (CC/OD) from any bank or financial institution.
  • An active, KYC-compliant operating account for the last 12 months, where a limit is availed on credit summation basis.

How to apply: the page links to an online application.

Official programme page

How to apply to Punjab National Bank

Before you apply

  • Get a Start-up Certificate of Recognition before you approach the bank for the start-up current account.
  • Check for a Udyam Registration Certificate if you are looking at the Digi MSME Loan.
  • Ask about the monthly average balance that applies after the first 24 months of the current account.

Good to know

  • The product pages list features and eligibility. They do not give interest rates.
  • The Digi MSME Loan has an online application link on the bank's SME banking page.

About Punjab National Bank

Punjab National Bank has its corporate office in Dwarka, New Delhi. Its history pages date its founding to 1894 and the start of its operations to 1895, in Lahore.

How its start-up offer works

The bank's offer for young companies is a current account scheme for start-up businesses. It is open to entities that hold a valid Start-up Certificate of Recognition. The account waives the minimum balance requirement for the first 24 months. Online transactions, folio charges and SMS alerts are free.

Other lending for small businesses

The Digi MSME Loan offers digital finance to micro and small enterprises that hold a Udyam Registration Certificate. It comes as an overdraft for working capital and as a term loan for plant, machinery, equipment, vehicles or other business assets. The bank's pages say the facility carries guarantee cover under the CGTMSE scheme.

Who can apply

The current account is for entities with a Start-up Certificate of Recognition. The Digi MSME Loan is for individuals and sole proprietors in manufacturing, trading or services, with a Udyam Registration Certificate. Each product has its own conditions, listed on its page.

Get in touch

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Plot No 4, Sector -10 Dwarka, New Delhi 110075

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Frequently asked questions about Punjab National Bank

What is Punjab National Bank?

Punjab National Bank is a corporate based in New Delhi, Delhi.

What does Punjab National Bank do?

Punjab National Bank has its corporate office in Dwarka, New Delhi. Its history pages date its founding to 1894 and the start of its operations to 1895, in Lahore. The bank's offer for young companies is a current account scheme for start-up businesses.

Where is Punjab National Bank located?

Punjab National Bank is located at Plot No 4, Sector -10 Dwarka, New Delhi 110075.

What programs does Punjab National Bank run?

Punjab National Bank runs PNB “START UP” Current Account Scheme for Start Up Businesses and Digi MSME Loan.

How do I apply to Punjab National Bank?

- Get a Start-up Certificate of Recognition before you approach the bank for the start-up current account. - Check for a Udyam Registration Certificate if you are looking at the Digi MSME Loan. - Ask about the monthly average balance that applies after the first 24 months of the current account. - The product pages list features and eligibility. They do not give interest rates.