This document is a report submitted by a group of 5 students on the topic of Punjab National Bank for their Banking II course. It provides information on the history and operations of Punjab National Bank, including that it was founded in 1894, is one of India's largest state-owned banks, and has over 7,000 branches across India offering services such as deposits, loans, money transfers, and credit/debit cards. It also discusses PNB's partnership with MetLife to provide insurance services and provides details on cheque clearing processes, NEFT and RTGS money transfer services, and associated fees.

1. Course:-F.Y B.com (sem-II)
Title /topic :- Punjab National Bank
Subject : Banking - II
Group members name & roll no:-
 Azam Khan 21
 Sana khan 22
 Sujeet kushwaha 23
 Rita lotle 24
 Ajit mandal 25
Papered by sujeet
Submitted to : Prof.Roshni Dhrafani

2. Punjab national bank

3. What is bank ?
 Bank is an establishment which makes to individuals,
such advances of money as may be required and safety
made to which individuals entrust money when not
needed by them for use.
Banking
 Banking is defined as the accepting for the purpose of
landing or investment of deposits of money from the
public , repayable on demand or otherwise , and
withdraw able by cheque, draft order or otherwish.

4. Introduction
 PNB has the distinction of being the first Indian bank
to have been started solely with Indian capital that
has survived to the present .
 PNB has had the privilege of maintaining accounts of
national leaders such as Mahatma Gandhi, Shri
jawahar lal Nehru , shre lal bahadur shastri, Shrimati
Indira Gandhi , as well as the account of the famous
jalianwala Bagh committee.

5.  PNB is a state owned financial services company . The
founder was Lal Laj Pat Rai and Dyal singh Majithia.
 Registered on may 19,1894.
 Second largest government – owned commercial bank.
 The bank was incorporated under the Act VI of 1882
,Indian companies Act, the bank commenced
operations on April 12, 1895 from Lahore, with an
authorized total capital of Rs 2 lakh and working
capital of 20,000.

6.  PNB is organized by government of India.
 PNB is an Indian multinational banking and financial
services company.
 PNB,s total assets is Rs 3,974.39 crore.
 Their hade office is in New Delhi.
 PNB,s CEO is sunil mehta.
 PNB have more than 80 million customers and 7000
branches and 10681 ATMs across 764 cities.
 PNB,s branches are in Hong kong , Dubai and kabul.

7. Works of Punjab National Bank
 Accepting the deposits
 Giving the loans
 Discounting of bills
Agency services
 Issuing the credit instruments , cheques and circular
notes
 Transferring the funds
 Purchase and sale of securities

8.  Collecting interest and dividend
 Making the payments
GENERAL services
 Letter of credit
 Foreign exchange
 Mobile banking

9. PNB METLIFE
 PNB MetLife brings together the expertise of MetLife Inc.,
a leading global life insurance company, and the credibility
and reliability of Punjab National Bank, one of India's
oldest and leading nationalized banks. Our vast
distribution reach combined with global insurance
expertise and product range makes us a strong and trusted
name in the insurance market of India.
 Founded in 1868, MetLife has served approximately 100
million customers globally. PNB, founded in 1895, is a
banking giant and has always been a people's bank. PNB
Metlife has been present in India since 2001.

10.  We have given protection and assured coverage for
lives amounting to more than 354,693 crores in India.
3 Total Base Sum Assured for Group & Individual
policies as on June 30, 2017
 PNB MetLife is present in over 111 locations across the
country and serves customers in more than 7,000
locations through its bank partnerships
 Among the few profitable life insurance companies
operating in India, consistently profitable for the last 7
Financial Years.

11. What is cheque ?
 Cheque is a negotiable instrument used to make
payment in day to day business transaction
minimizing the risk and possibility of loss. It is used by
individuals, businesses, corporate and others to
transact for making and receiving payment.

12. Different Types of Cheque
 There may be different types of Cheques depending on
how the drawer has issued the Cheque.
 Open / Bearer Cheque
 Order Cheque
 Crossed Cheque
 Anti Dated Cheque
 Post Dated Cheque

13. Cheque clearing
 If you have an account with PNB and your friend has an
account with SBI, your friend gives SBI cheque to you. After
receiving the cheque your deposit with PNB. PNB sends
the cheque to SBI for collection of the fund. SBI gives fund
to PNB deducting from your friend’s account. PNB in turn
deposit the money to your account. This episode is termed
as cheque clearing.
 under CTS - Cheque Truncation System of clearing only
the image and data of cheque move from one bank to
another electronically without physical movement of
cheques.

14. PNB NEFT
 NEFT is developed by the Reserve Bank of India (RBI) to
facilitate customers to transfer funds from one bank
account to another bank account within the country. A
PNB customer can request an NEFT transfer by providing
information such as the amount to be remitted or debited,
name of the beneficiary bank, name and account number
of the beneficiary customer and IFSC code of the receiving
branch, according to the PNB website. IFSC or Indian
Financial System Code is printed on cheque leaves, the
bank mentions. All branches of PNB "are NEFT enabled",
according to the bank.


15. PNB NEFT charges
 Limit
There is no minimum or maximum limit for remittance through NEFT.
Transaction Amount Transition fee
Up to Rs 10,000 Rs. 2.50
Above Rs 10,000 to Rs 1 lakh Rs. 5.00
Above Rs 1 lakh to 2 lakh Rs. 15.00
Above 2 lakh Rs. 25.00

16. PNB RTGS
 RTGS or Real Time Gross Settlement refers to a real-
time settlement of funds transfers individually on an
order by order basis (without netting), wherein real-
time means the processing of instructions at the time
they are received rather than at a later time. A PNB
customer can request an RTGS transfer by providing
information such as amount to be remitted or debited,
name of the beneficiary bank, name and account
number of the beneficiary customer, according to the
PNB website.

17. PNB bank RTGS charges

 Limit
While PNB customers can transfer a minimum of Rs. 2 lakh via RTGS, there is
no maximum limit prescribed by the bank.
Transaction Amount Transaction fee
Rs. 2 lakh to 5 lakh RS. 25
Above Rs 5 lakh Rs 50

18. Reference
prepare on Google