Besides, the bank said it will offer loans to these segments without any processing or upfront fee and no documentation charges will be levied on them.

The rate of interest is with effect from October 1, 2016.

The Delhi-based state lender said the objective of the drive — christened as ‘PNB Pride’ — is to “ensure availability of housing and vehicle loan at attractive rates and ensure a house and a car for all government employees”.

For housing loans, the floating interest rate has been fixed at marginal cost of lending rate (MCLR) for one year at 9.3 per cent. For those availing the housing loan on a fixed rate basis, it will be a floating one of interest plus 0.50 per cent (i.e, 9.8 per cent).

For car loan, customers will be charged MCLR of one year plus 0.25 per cent (9.55 per cent) on a floating basis. As for fixed interest rate with a reset clause of 3 years, it will be MCLR of one year plus 0.25 per cent, or 9.55 per cent.

Permanent employees of central and state governments, defence personnel and paramilitary forces will be able to avail of the benefits of lower rates under the PNB Pride scheme.

All other terms and conditions of the existing housing and car loan scheme will be applicable to the borrowers, PNB said.

PTI

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2nd Floor, Lok Nayak Bhavan, New Delhi-110003
The 8th July, 2015

OFFICE MEMORANDUM

Subject: Filling up post of CVO on deputation basis in Punjab National Bank, New Delhi a Public Sector Bank under Department of Financial Services, Ministry of Finance.
Departme t of Financial Services vide their communication No.15/1/2013-Vig. dated 3rd July, 2015 has desired the services of suitable officers for filling up post of CVO in Punjab National
Bank, New Delhi n deputation basis for a period of three years.

2. Ministries / Departments of Government of India are requested to give wide publicity to the above vacancy among their employees and may forward duly signed applications, if any, to the Shri Mritunjay Singh, Under Secretary, Department of Financial Services, Jeevan Deep Building, 10,Sansad Marg, New Delhi-110001 on or before 22-08-2015 under intimation to this Office.
3. Cadre Clearance in respect of CSS Officers at the level of Under Secretary and above may be obtained from this Division before the application is forwarded for such deputation post.

(BISWAJIT BANERJEE)
Under Secretary to the Government of India

Encl.: As above.

http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02csd/CVO872015.pdf

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