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24 56

: 8 : 3 2015
2015 Mahatma Gandhi

2015 #
. ( + )
04
ITD-CBS Consolidated guidelines on SPSD (Service plus service desk) module.
24.02.2015
06
PSLB-COD Consolidated list of approved Tractor / Power tiller models.
17.02.2015
Credit information reports on overseas companies. Bank has renewed the
15
IBD-AA contract with M/S Mira inform pvt. Ltd. with regard to credit information reports
27.02.2015
on overseas companies / buyers / suppliers valid upto 31.12.2015
10
IBD-FEX Consolidated guidelines on Non Resident (External) Rupee account.
28.02.2015
03 Details of finalized rates for providing RF/WI-Max connectivity at branches
ITD-NW
28.02.2015 /ATM/NC/CNC.
Amendment in document of guarantee PNB-58. In terms of section 128 of the
Indian Contract Act, 1872, the liability of the surety is coextensive with that of
principal debtor, unless it is otherwise provided by the contract. When default is
18
IRMD-LA made in making repayment by the principal debtor, the banker will able to
02.03.2015
proceed against the guarantor/surety even without exhausting the remedies
against the principal debtor. Above mentioned clause is now added in PNB58 and
revised agreement of guarantee is enclosed with this circular.
04 Demat accounts simplification procedure for change of address in these
MBD
02.03.2015 account.
Overdrafts extended upto Rs. 5,000/- in Pradhan Mantri Jan-Dhan Yojana
(PMJDY) accounts will be eligible for classification under Priority Sector
20
PSLB-LBC Advances (other category) as also weaker sections, provided the
03.03.2015
borrowers household annual income does not exceed Rs. 60,000/- for
rural areas and Rs. 1,20,000/- for non-rural areas.
Procedural guidelines on Agricultural advances- Dispensing with No dues
certificate.
Service Area Approach-(irrespective of distance criteria) continues to be
applicable for Government Sponsored Schemes; however the borrower is free to
21 approach any bank branch in his service area for obtaining credit under
PSLB-FC
03.03.2015 Government Sponsored Schemes.
No Dues Certificate is not to be obtained for agricultural loans from individual
borrowers as well as other borrowers (including SHGs and JLGs) in rural, semi
urban and urban areas. However, for loans above Rs. 1.00 lakh, affidavit to this
effect be obtained from such borrowers.
Issuance of SWIFT message MT 110 while drawing cheques on
09 correspondent banks whenever demand drafts are issued by branches, they
IBD-FEX
28.02.2015 shall invariably issue MT110 on the same day to avoid inconvenience / delay in
payment of such drafts.
07 Consolidated guidelines on scheme for financing Self propelled combined
PSLB-COD
02.03.2015 harvesters.
An exporter receives advance payment (with or without interest), from a buyer
outside India, the exporter shall be under an obligation to ensure that the
shipment of goods is made within one year from the date of receipt of advance
payment; the rate of interest, if any, payable on the advance payment does not
11
IBD-FEX exceed London Inter-Bank Offered Rate (LIBOR) + 100 basis points; and the
04.03.2015
documents covering the shipment are routed through the AD branch through
whom the advance payment is received. Provided that in the event of the
exporters inability to make the shipment, partly or fully, within one year from the
date of receipt of advance payment, no remittance towards refund of unutilised

: 1
 portion of advance payment or towards payment of interest, shall be made after
the expiry of the said period of one year, without the prior approval of the
Reserve Bank of India.
Periodical updation of customers KYC Data. KYC data / information is to be
updated at least every 2 years for High risk, every 8 years for Medium risk and
every 10 years for Low risk customers.
(1) An SMS is being sent to all the Low risk customers, whose valid Mobile
number is available with the Bank, and whose KYC data is due for updation. Upon
receiving the confirmation by sending reply as NC from such customers that
there is no change in the address, relevant date of confirmation will be populated
automatically in the CBS against prescribed field of KYC Updation Date in (#)
details in menu option CUMM.
(2) An SMS Dear Customer, your KYC data is due for updation. please submit
address proof document in your branch is being sent to all the Medium and
09 High risk categorized customers, whose valid Mobile number is available with the
KYC-AML
05.03.2015
Bank, and whose KYC data is due for updation.
(3)An e-mail is being sent to all the customers, whose valid e-mail ID is available
with the Bank, and whose KYC data is due for updation. On receiving the
confirmation from the low risk categorized customers that there is no change in
the address, relevant date of confirmation will be populated automatically in CBS
against prescribed field of KYC Updation Date in (#) details in menu option
CUMM. The customers categorized as Medium risk or High risk are being
requested to submit address proof document in their respective branches.
(4) System generated notices through option PTW (K) will be generated.
Reminder will be recorded in CBS which can be viewed through menu option
KYCIN.
Deduction of Tax at source from salaries for the financial year 2014-15. In
06 respect of calculation of perquisite value on Interest free loan or loan at
FINANCE
09.03.2015 concessional rate of Interest, SBI interest rates as on 1st April, 2014, as given in
Direct Tax Ready Reckoner which is re-produced in this circular.
Decrease in Bank rate. RBI has informed that Bank Rate stands adjusted by 25
basis points from 8.75% to 8.50% with effect from 04.03.2015. Interest rates on
19
IRMD-LA loans & advances have been linked with Base Rate and BPLR. As such, the
09.03.2015
decrease in the Bank Rate from 8.75% to 8.50% will have no impact on the
interest rates.
08 Scheme for financing purchase of trucks and other transport vehicle. Guidelines
PSLB-COD
07.03.2015 on this scheme has been consolidated and circulated through this circular.
Railway Board, Ministry of Railways vide Communication No. 2014/AC-II/21/14
dated 21.1.2015 has conveyed that PSBs to obtain periodical certificates viz Life
19
GBD Certificate, re-employed certificate of pensioners / family pensioners covered
07.03.2015 st
under New Pension Scheme (NPS) by 1 November each year instead of 1
st

May
Punching of ECS Mandates in Finacle
17
TBD 1)Ist Step to Modify ECS enabled Flag to Y by going to ACM (M) 0 details
09.03.2015
2)IInd step use menu option ECSM I Inward O-Outward.
Annual premium in respect of additional cover opted/renewal/revival of policies
685
HRD PNB Bhavishya Arogya Yozna be paid only by cash or through Demand Draft/Pay
07.03.2015
Order to Oriental Insurance company Limited.
REIMBURSEMENT OF EXPENSES ON REQUEST TRANSFER OF WORKMEN
EMPLOYEES - Reimbursement of expenses on travel on request transfer be
extended to those employees who are transferred after 3 years of stay at his/her
present place of posting/Circle. Entitlement for reimbursement of expenses on
transfers as follows:
251
PAD (i) Reimbursement of expenses on travel on transfer may be considered for travel
10.03.2015
by 2nd AC for non-subordinate staff and travel by 2nd sleeper class for
subordinate staff.
(ii) Cost of transportation and compensation in respect of losses due to breakage
or damage to goods, will be reimbursed as per the provisions of Bipartite
Settlement, as amended upto date.
09
PSLB-COD Consolidated guidelines on Kisan Gold Scheme to boost agriculture advances.
07.03.2015
01
CARD List of Operative circulars as on 31.12.2014
01.01.2015

: 2
 02
CARD Consolidated revised guidelines on CARD audit and formats for all offices.
12.03.2015
Communication sent to Reserve Bank of India. Ensure that a copy of all
communications including e-mails sent to Reserve Bank of India are endorsed to
01
COMPLIANCE Chief Compliance Officer of the Bank at cco.compliance@pnb.co.in and
12.03.2015
aficellho@pnb.co.in. Further invariably mention the name, designation, contact
number and email address of the concerned official.
Sukanya Samriddhi Yozna. All PPF enabled Branches to open account under this
scheme with minimum of Rs.1000/- every financial year and maximum not to
exceed Rs.1.50 lacs. Deposits can be made till completion of 14 years from the
date of opening of account. Irregular accounts may be made regular by deposit
20 of Rs.50/- as penalty along with amount of deposit made before completion of
GBD
12.03.2015 14 years. On attaining the age of 10 years account will be operated by herself.
Withdrawal from the account will be allowed only when the account holder girl
attains the age of 18 years and 50% amount outstanding at the end of
preceeding financial year can be withdrawn. Account will be closed on maturity
i.e. 21 years from the date of opening of the account.
13 Dos and Donts for information systems Acquisition, Development and
IRMD-IS
05.03.2015 maintenance.
14
IRMD-IS Dos and Donts of IS procedure for network security.
05.03.2015
02
LAW Detailed guidelines on insolvency proceeds in NPA Accounts.
11.03.2015
252
PAD Details of amended guidelines on promotion policy of officers.
11.03.2015
Acquisition/transfer of immovable property Prohibition on citizens of
certain countries. No person being a citizen of Pakistan, Bangladesh, Sri Lanka,
29
IBD-FEX Afghanistan, China, Iran, Nepal or Bhutan, Macau, Hong Kong without prior
12.03.2015
permission of the Reserve Bank shall acquire or transfer immovable property in
India, other than lease, not exceeding five years.
Seeding of Aadhaar Number in Bank Account- Registration through
Branches - (1) Menu option UIDNUM is customised. (2) UIDUPL can be used for
Bulk uploading of Aadhar Number Registration through ATM- Customer can
enter his/her Aadhaar number through link provided at ATMs Registration
through IBS - A new option is provided to customer to link his Aadhaar number
with the operative account number by entering his Aadhaar number through IBS
channel. Registration through SMS - Customer can send SMS to 5607640 with
the key word AADHAR<space><Aadhar Number>
05
FI Benefits associated with Aadhaar Seeding:
12.03.2015
1. Source of non-interest income on DBT/DBTL credit
2. No need to bank own database of biometric
3. Interoperability
4. More scope for float in DBT/DBTL accounts
All concerned are requested to ensure seeding of Aadhaar Numbers while
opening of accounts under PMJDY. While issuing RuPay cards to customers,
mandate for seeding of Aadhaar number be taken from customers and seeding
be done on daily basis.
CGTMSE has rejected the claims on certain grounds which can be resolved by:
1) Accounts are to be classified NPA as per the prudential norms fixed by the RBI
and the same be marked correctly on CGTMSE portal latest by the end of
subsequent quarter.
2) For accounts sanctioned on or before 31.12.2012, the claims are to be lodged
within a maximum period of one year from the date of NPA if date of NPA is after
lock in period.
06 3) For accounts sanctioned on or after 01.01.2013, the claims are to be lodged
MSME
12.03.2015 within a maximum period of two year from the date of NPA if date of NPA is after
lock in period.
(If Date of NPA is within Lock in period claim is to be lodged within one year from
the expiry of lock-in period. )
4) Before lodgement of claim, recovery proceeding must have been initiated
under due process of law. In such cases where initiation of legal proceeding have
been initiated under section of 13(4) of SAREFASI Act, the only issuance of recal
notice under SAREFASI Act cannot be construed as initiation of legal action unless

: 3
 possession of the assets of the borrower is taken by circle office under Sec 13(4)
of the Act.
5) No collateral security be obtained in CGTMSE covered accounts. However,
Primary security should invariably charged to the bank.
6) On receipt of the Demand Advice, the requisite guarantee fee as indicated in
the Demand Advice is to be remitted by the Nodal Office to CGTMSE and of the
credit facility sanctioned shall be paid upfront to the Trust by the bank
availing of the guarantee cover within 30 days from the date of first
disbursement of credit facility or 30 days from the date of Demand
Advice (CGDAN) of guarantee fee which ever later or such period as
may be specified by the Trust.
253
PAD Transfer Policy for Officers
13.03.2015
PADHO PARDESH SCHEME - SUBMISSION AND LODGMENT OF CLAIMS FOR
15
RAD MARCH15 QUARTER- Branches capture data in all eligible accounts through
11.03.2015
invoking Menu option PPEDU in CBS latest by 06.04.2015.
ADMINISTRATIVE CLEARANCE- REAL ESTATE -Retail Assets Division vide
their Circular No. 51/2014 dated 25.07.2014 has done away with the requirement
of administrative clearance from the respective FGM for sanction of advances
against mortgage of immovable property under the Scheme for Finance against
20 mortgage of Immovable Property, it is clarified that administrative clearance, as
IRMD-LA
14.03.2015 incorporated in our L&A Cir No. 15 dated 16.02.2015 shall not be required for
advances under the Scheme for Finance against mortgage of Immovable
Property.
Retail as well as whole sale trade) is now part of MSME as per MSME Cir.No.75
dated 12.11.2014
PRIORITY SECTOR ADVANCES PERSONS WITH DISABILITIES
INCLUSION UNDER WEAKER SECTIONS- Effective 13.03.2015Priority
22 Sector loans to Persons with Disabilities will be eligible for classification under
PSLB-LBC
13.03.2015 Weaker Sections category.
Ensure that code 006 Handicapped has been filled in Customer Status
Code of CUMM details of such borrowers.
Account opening through E-KYC - e-KYC has been accepted as Officially Valid
Document under PML rules-e-KYC Service of UIDAI and RBI. The process flow
11
RMD for opening of account through e-KYC at branches has been circulated vide FID
17.03.2015
circular No 24/2014 dated 15/10/2014 which must be followed by all the
branches.
03 Reorganization of Circles: Increase in Circles from 69 to 76 by opening 7 new
SPBPR
17.03.2015 Circles - Details of coverage of districts in 76 circles of the bank.
To streamline the process and for quick delivery of Platinum Photo Cards,
branches are advised to adhere to the following guidelines:
1. Non Personalized card application forms should not be sent to HO, to be
retained at BO.
2. Normal Personalized card (Card type P) application forms where card is
getting printed without photo should also not be sent to HO, to be retained at
Branch.
3. Branches are advised to punch request in DCARD menu with card type P for
19
TBD Personalized cards without photo.
14.03.2015
4. Only Scanned copy of photo In JPG format with valid account number (For
example file name should be 015300XXXXXX1234.JPG) where customer
desires Platinum/ Gold card with Photo is to be sent to TBD HO with 16 digit
account number at e-mail ID isgdebitcard2@pnb.co.in and copy of it should be
sent to tbddc2@pnb.co.in.
5.Before e-mailing scanned photo, branches should ensure that request for the
card is duly punched in DCARD menu (For Master Gold card option G and for
Master Platinum card Option L).
Monetary Compensation Scheme for Master Debit Card has been further
extended up to 31.3.2016.
All PNB Master Debit Card (except RuPay card) holders, who used their Card for
20 a financial transaction during the last 45 days from the date of incidence
TBD
16.03.2015 (accident), are eligible under the scheme for the following amounts of cover.
1. PNB Mitra Cards /Students : Rs. 25000/-
2. Classic/Maestro Debit card/ Kissan Debit Card : Rs 50,000/-
3. Platinum/Gold Debit Card and Rakshak Classic. : Rs. 200000/-

: 4
 4. Rakshak Platinum for Lieutenants and above : Rs. 500000
Compensation would be payable to the family of the Active ATM/ Debit Card
holder, in case of his / her accidental death only. Cards issued under NRI
accounts would not be covered.The amount of compensation would be paid into
the account of the deceased cardholder, and thereafter the same would be dealt
with as a deposit in a deceased account.Multiple cards, the benefit would be
available only once on the card carrying the highest value. Either or Survivor
A/c: The benefits of monetary compensation has been extended to both Former
or Survivor A/c: Only Former is eligible for issuance of card Holders of Add- On
Cards would not be covered. Accidental claim for one Active Debit Card only.
Simplifying Demat Account Opening Process- Process of demat account
07 opening and other depository services and access for opening demat account and
MBD
17.03.2015 other services has been provided to all branches. The detailed and
simplified flow chart for opening demat account is given in this circular.
BRINGING OR ATTEMPTING TO BRING OUTSIDE PRESSURE
/INFLUENCE BY EMPLOYEES IN RESPECT OF SERVICE MATTERS - No
employee should make any representation to the Government of India regarding
his individual grievance(s) in respect of service matters without first having
254
PAD exhausted the possibilities of redressal of such grievance(s) by the appropriate
17.03.2015
authorities of the Bank. Any act of bringing outside pressure as above will
constitute misconduct and the employee concerned shall be liable to disciplinary
action in accordance with the provisions of the Punjab National Bank Officer
Employees (Discipline & Appeal) Regulations, 1977/Bipartite Settlement.
07
MBD Simplify procedure for opening of Demat Account Guidelines
17.03.2015
Handling of payment assignments. In terms of Section 205C of the Companies
Act, 1956 the balance of the unpaid warrants outstanding after 7 years from the
date these become due for payment, is to be transferred to Investor Education
08 and Protection Fund (IEPF) established by the Central Government. As such, any
MBD
18.03.2015 such amount that remains unclaimed and unpaid for a period of 7 years from the
date they become due for payment, be got transferred to IEPF. On transfer of the
funds to IEPF, the following details be advised to Merchant Banking Division, HO:
New Delhi (mbd@pnb.co.in) so that the same is reported to SEBI.
Policy for approval of new products. For the policy products are schemes and its
variants, under any business activity and service, that the bank provide its
customers through its own resources or outsourced such as,
Loan or Deposit Schemes
04 Ancillary Services
IRMD
18.03.2015 Alternative Delivery Channels
Agency Services
Payment & Settlement Services
Investment Services including wealth management etc.
Third Party Products
Non resident deposits Due to submission of NRD-CSR data in XBRL platform
31
IBD submission of STAT-5 and STAT-8 statement has been discontinued w.e.f.
19.03.2015
March2015.
DEDUCTION OF INCOME-TAX AT SOURCE FROM THE SALARIES OF
07 EMPLOYEES - FOR THE FINANCIAL YEAR 2014-15. Issues / references /
FINANCE
19.03.2015 queries received from the field in relation to the valuation of perquisite have
already been clarified vide FD Circular No 05/2013 dated 08.03.2013.
(A)First, the User should generate a report on KYC updation in DAYRPT 10/63
in Production Server in CBS, to ascertain the Cust. Ids. whose KYC data is due for
updation Risk Category wise. Based on the volume, the user can generate the
Notices in a range by providing the Starting From Customer id To Customer Id for
a particular risk category.
(B)For generating Notices through system to those customers whose KYC data is
11 due for updation, the User will use menu option PTW in Production Server in
KYC-AML
17.03.2015 CBS. On generation of the Notices, the REMINDER1 date will be updated with the
system date and after 3 months REMINDER2 will be stored in the table.
(C)To enquire the Reminder status for any particular customer, a new menu
KYCIN will be provided to the branches to inquire the details and mode of notice
sent to a particular customer id.
(D)The revised SMS / e-mail being sent to Low risk categorized
customers is appended below:

: 5
 (i) The revised SMS, as placed below, is being sent to all the Low risk categorized
customers, whose valid Mobile number is available with the Bank, and whose KYC
data is due for updation. Upon receiving the confirmation by sending reply as
KYCNC from such customers that there is no change in the address, relevant
date of confirmation will be populated automatically in the CBS against
prescribed field of KYC Updation Date in (#) details in menu option CUMM.
SMS : Dear Customer, ur KYC data is due for updation. Pl submit self certified
copy of address proof in your branch or reply KYCNC to 5607040, if address has
not changed
(ii) An e-mail, as placed below, is being sent to all the customers, whose valid e-
mail ID is available with the Bank, and whose KYC data is due for updation.
On receiving the confirmation from the low risk categorized customers that
there is no change in the address, relevant date of confirmation will be
populated automatically in CBS against prescribed field of KYC Updation Date in
(#) details in menu option CUMM.
` E-mail : For Low Risk customers)
Dear Customer, ur KYC data is due for updation. Pl submit self certified copy of
address proof in your branch or send SMS KYCNC to 5607040 from your
registered Mobile number, if address has not changed.

Upon receiving the KYC documents from the customers, whose KYC
data is due for updation, branches are advised to enter KYC
documents in the respective fields i.e. ID Proof / Address Proof
(wherever applicable) and also update the field KYC updation date in
menu option CUMM (#) details in CBS. KYC documents obtained from
such customers must be filed with the relevant Account Opening Form
(AOF).
DEBT RESTRUCTURING MECHNISM FOR MICRO, SMALL AND MEDIUM
ENTERPRISES (DRM for MSME) all viable MSME accounts eligible under
07
MSME DRM for MSME should be restructured within March 2015 to avoid
20.03.2015
slippage as on 31st March 2015. All restructured accounts should be marked/
unmarked in CBS through RSAM menu option.
CENTRAL SCHEME TO PROVIDE INTEREST SUBSIDY ON EDUCATION
LOAN TO SC/ST STUDENTS UNDER EWS CATEGORY- EXTN OF TIME -
18 Branches therefore must lodge claim with their respective Circle Offices latest by
RAD
19.03.2015 23.03.2015 to avoid accountability for the negligence in non-submission of the
claim during this extended period. The Circle Offices should lodge the
consolidated claim of the Circle by 26.03.2015 with the Division.
Multiple Signatures in accounts in CBS System - Deletion of
obsolete/redundant signatures. Invoke menu option : IMGMNT Enter
05 Function : D (delete) Enter Cust_id : Fill cust_id instead of giving account
ITD-CBS
12.03.2015 number. System will display all accounts attached to the Cust_id. Select the
signature which is obsolete / to be deleted. Commit deletion. (F10) Now, get it
verified from other user.
Revised process for registering/modifying/disabling SMS Alerts. As per
RBI guidelines, Bank has to charge for SMS alerts from customers based on the
number of SMS alerts send. Customers are to be provided with option of having
mandatory and non-mandatory SMS alerts. Accordingly system has been enabled
to capture these options in ALERTS menu. The categorization of customer has
been done on the basis of circular no. TBD Circular No: 43/ 2011. Only
following customers are eligible to receive alerts:
Retail Individual, Joint, Sole. Prop.,Partnership - having constitution code
001,002,009,011 Corporate customer Constitution code 001,002. Constitution
06 code 999 is not categorised
ITD-CBS
14.03.2015 Process of registering SMS alerts for retail as well as corporate will now be done
from ALERTS menu only. There will be no role of CUMM for modifying or
disabling alerts. At the time of creation of new customer id in CUMM or through
CUMMUPL menu, alerts will be registered automatically subject to the condition
that valid mobile number has been provided (this is only for constitution code
001 and 002). Alerts will be classified as mandatory alerts and non-mandatory
alerts. To incorporate the said changes, a new field non-mandatory alert has been
introduced in ALERTS menu. Valid values for non-mandatory alerts field are:
Y customer will receive all SMS- mandatory alerts and non-mandatory alerts.
N - customer will not receive SMS non-mandatory alerts and SMS charges will
: 6
 not be charged or debited to customers account.
If customer wants to discontinue SMS alerts, then branch has to execute
DISABLE (D) option in ALERTS menu which will disable mandatory alerts and
non-mandatory alerts both
08 Conducting e-auctions in house by the bank. Detailed procedure to be followed
RECOVERY
19.03.2015 by Circle offices w.e.f. 01.04.2015.
Payment of insurance premium to DICGC for the half year April 2015 to
September 2015.
While compiling the D1-01,D1-02 statement, please ensure that Term Deposits of
Two Years and above, with the following nomenclature of accounts are not
included while arriving at Assessable Deposits for calculation of premium payable
to DICGC:-
Army Group Insurance Directorate (AGID)
08
FINANCE Naval Group Insurance Fund (NGIF)
23.03.2015
Air Force Group Insurance Society
Delay in payment of advance premium/submission of Statement attracts penal
interest @ 8% per annum over bank rate for delayed remittance of deposit
insurance premium to DI&CGC.
Exempted category codes created by IT Division vide CBS circular no. 52/2012 be
updated in the system by 31.03.2015. Branches to generate the statement
through PNBRPT 10/15A and submit the same to Circle offices.
07
IRMD Credit Risk Mitigation & Collateral Management Policy For the F.Y. 201516
23.03.2015
Feeding External Risk Rating in CBS & LADDER. It is imperative to feed
08 relevant rating data accurately and strictly in terms of the guidelines conveyed
IRMD
23.03.2015 against each facility in the CBS database in terms of ITD CBS Circular No
28/2013 dated 07.05.2013 as well as in the Ladder system.
07 Procedure to be followed by the branches for the Annual Closing as on
ITD-CBS
21.03.2015 31.03.2015
Launch of PNB Rewardz Mobile App. As part of our endeavour to offer more
22 convenience to our customers; Bank has launched another platform to manage
TBD
21.03.2015 and redeem reward points through a mobile app calledPNB Rewardz Mobile
Appwhich can be downloaded from Google Play on Android phones.
Scheme for providing Incentive to Staff Members for acquiring some
Specializes Qualification / qualifying some Specified Courses. As per
Circular LKMC 03/2014, the staff members who will acquire Certification to be a
07 Specified Persons, will qualify for Incentive of Rs.5000/- and full fee-
MARKETING
21.03.2015 reimbursement. The incentive is for acquiring fresh certification as well as for
renewal of SP certification. The incentive shall be given to successful acquirer of
qualification once the SP generate an income of Rs.5000/- through Insurance
business.
Introduction of National Electronic Fund Transfer (NEFT) between PNB
& RRB, RRB & PNB and RRB to RRBs (sponsored by PNB) NEFT facility has
been made live between PNB & RRB, RRB & PNB and RRB to other RRB
(sponsored by PNB).
1. IFSC codes of 5 RRBs (sponsored by PNB), are as under:-
25 S.NO. RRB NAME IFSC CODE
PSLB
20.03.2015
1 MBGB-Patna PUNB0MBGB06
2 SHGB-ROHTAK PUNB0HGBO01
3 HPGB-MANDI PUNB0HPGB04
4 PGB-KAPURTHALA PUNB0PGBO03
5 SI[GN-MEERUT PUNB0SUPGB5
Mentioning of correct PAN numbers in CBS/ 15G/ 15H/ challans.
Branches to verify the PAN number of customers, by using online PAN verification
23
GBD facility provided by the bank at CBS homepage, while opening their accounts or
18.03.2015
at the time of submission of 15G/ 15H forms, to ensure that our valuable
customers get proper credit of their TDS deducted by bank.
Grant of Family Pension and Gratuity to the eligible member of the family of
anemployee / pensioner / family pensioner reported missing and whose
24
GBD whereabouts are not known / kidnapped by insurgents / terrorists
23.03.2015
excludingthose who disappear after committing frauds / crime / desertion etc.

: 7
 Union Budget 2014-2015 Interest Subvention Scheme 2% Interest
26
PSLB Subvention and 3% Additional Subvention for short-term crop loans /produce
24.03.2015
(marketing) loan in 2014-15.
The facility was initially provided to the HNI/Premium customers free upto
31.03.2015 vide RMD circular no. 40 dated 31.03.2014. Considering the facts that
13
RMD the facility is for valued customers, it has been decided to continue the facility
24.03.2015
under PNB Suraksha free of charge till 31.03.2016. All other terms and condition
shall remain unchanged.
All agency banks shall keep the counters of their designated branches conducting
25 government business open for full day on March 30, 2015, and till 8.00 p.m. on
GBD
26.03.2015 March 31, 2015. All electronic transactions would, however, continue till midnight
of March 31, 2015.
10
IRMD Risk Management Philosophy and Policy for FY 2015 16
25.03.2015
Interest Subvention Scheme 2% Interest Subvention on KCC/short-term crop
27
PSLB-FC loans restructured on account of Natural Calamity. The indicative report is
26.03.2015
available at PNB-RPT 3/26k.
3% additional incentive subvention for short-term crop loans in 2013-
28
PSLB-FC 14. I.T. Division shall provide solution for computation of 3% additional
26.03.2015
subvention and the same will be available in the Menu Option PNBRPT 3/69a.
Detailed guidelines on
10 I. SCHEME FOR FINANCING TO FARMER PRODUCER COMPANIES
PSLB-COD
25.03.2015 UNDER CREDIT GUARANTEE FUND SCHEME. AND
II. SCHEME FOR FINANCING TO FARMER PRODUCER ORGANIZATIONS
15
IRMD Information security policy of the bank for the year 2015-16
25.03.2015
16
IRMD Digital Evidence Policy for Financial Year 2015-2016
25.03.2015
Scheme for collection of Dues of (i) Central Board of Direct Taxes (ii)
Central Board of Excise and Customs (iii) Departmentalised Ministries
Account Reporting and Accounting of March Transactions Special
Arrangements Financial Year 2014-15 - while reporting transactions
pertaining to March 2015 up to April 15, 2015, the transactions of April 2015
26 should not be mixed up with "March Residual Transactions." all the
GBD
27.03.2015 cheques/amounts realized on or before March 31, 2015 should be treated as
transactions relating to the current financial year as "March 2015 or March
Residual Transactions", the reporting of which may take place during the month
of April (up to April 15, 2015). But if any cheque is tendered on or before March
31, 2015 and realized on or after April 1, 2015, it will be treated as transaction
for the next financial year as "April Transactions".
22
IRMD-LA Credit Management and Risk policy 2015-16 duly approved by board
27.03.2015
Recent Unprecedented Rains and Hailstorms in Several Parts of the
Country Causing Distress to Farmers and Adversely Affecting
Agriculture Production. In terms of PSLB/ Codified Farm Credit Circular No.
29/14 dated 19.07.2014 relaxations are to be provided to these type of
customers which includes (i) conversion of short term loans into term loans
repayable upto 3-5 years (ii)Circle head may extend the period upto 7 years and
29 in extreme cases it can be prolonged upto 10 years. In such cases moratorium
PSLB-FC
27.03.2015 be provided upto 1 year and interest subvention of 2% continue to be provided.
Due to damage to crops existing borrowers need consumption loans for
sustenance till flow of income is resumed. General consumption loan of
Rs.10000/- without any collateral security can be extended to existing borrowers
in the affected area. Current dues in default no penal interest be charged.
Concessions for term loans for agriculture and allied activities can also be allowed
as per detailed guidelines contained in the circular.
24 Due to yearly closing as on 31.03.2015 RTGS times for customer cut-off extended
TBD
27.03.2015 upto 23.00 hours.
Amendment in service tax in finance bill 2015. Provider of output service shall not
be eligible to avail CENVAT credit after 1 year of the date of issue of invoice, bill,
09
FINANCE Challan, etc. Services of goods transport agency in relation to transport of goods
27.03.2015
30% w.e.f. from 01.04.2015

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 Intersol deposit and Standing Instruction in PPF A/c. 1. Intersol PPF
deposit transactions from any Sol in Finacle to GBM-PPF authorized (base)
branches. 2. Application of Standing Instructions for PPF customers in PPF
27 authorised (base) branches. Functionality/menu options, provided in
GBD
27.03.2015 GBM-Intersol PPF, to enter and verify Standing instruction in PPF
accounts at PPF authorized (base) branches and Intersol PPF deposit
transaction from any Sol in Finacle to PPF A/c of GBM-PPF authorized
(base) branches.
120 Year Banks Foundation. Bank commenced its operation on 12th April
1895, is completing 120 years of its existence on 11th April 2015 which a
02
PR&P landmark. Head Office has decided to celebrate this event on 11th April 2015. All
26.03.2015
FGMOs/COs/BOs are advised to celebrate the event with full enthusiasm and
vigour.
Recent Unprecedented Rains and Hailstorms in Several Parts of the
Country Causing Distress to Farmers and Adversely Affecting
Agriculture Production. In terms of PSLB/ Codified Farm Credit Circular No.
29/14 dated 19.07.2014 relaxations are to be provided to these type of
customers which includes (i) conversion of short term loans into term loans
repayable upto 3-5 years (ii)Circle head may extend the period upto 7 years and
29 in extreme cases it can be prolonged upto 10 years. In such cases moratorium
PSLB-FC
27.03.2015 be provided upto 1 year and interest subvention of 2% continue to be provided.
Due to damage to crops existing borrowers need consumption loans for
sustenance till flow of income is resumed. General consumption loan of
Rs.10000/- without any collateral security can be extended to existing borrowers
in the affected area. Current dues in default no penal interest be charged.
Concessions for term loans for agriculture and allied activities can also be allowed
as per detailed guidelines contained in the circular
EXTENSION OF CONCESSION IN PROCESSING FEE /DOCUMENTATION
CHARGES IN TOTAL FREEDOM SALARY ACCOUNT AND PNB RAKSHAK
14 ACCOUNT-in respect of Home/Car/Personal Loans, the existing 50% waivement
RMD
27.03.2015 of processing fee/documentation charges in Total Freedom Salary Account (TFSA)
and 100% waivement of processing fee/documentation charges in PNB Rakshak
Product shall continue up to 31.03.2016.
04
SECURITY Periodicity of visits, duties and responsibilities of Fire Officers in Bank.
28.03.2015
Reorganization of Circles: Increase in Circles from 69 to 76 by opening
7 new Circles - for smooth functioning as well as for operational / business
04 convenience, following 2 branches of Mumbai Suburb Circle, will now fall under
OPERATION
27.03.2015 the Mumbai City Circle and not in Mumbai Suburb Circle
1. BO Matuna D.No.0538
2. BO Chunabhati (to be opened)
POLICY OF RESIDENTIAL TELEPHONE / MOBILE PHONE GUIDELINES
FOR MOBILE PHONE FOR SENIOR EXECUTIVES ( i.e. AGMs & ABOVE)
AMENDMENTS. The old Mobile Phone shall not be surrendered after 3 years
06 and book value shall be written off. Depreciation shall be calculated at the rate as
GSAD
30.03.2015 applicable to Laptop (33.33% per annum). Disposal of Mobile Phone in case
of Death of Senior Executive Mobile Phone provided need not be surrendered.
It shall be written off to the debit of revenue head Misc. Expenditure- HO
sanction not specified
The visits Of SOs for currency is as under:-
a) All Currency Chests under own as well as additional Circle(s) to be ` inspected
05 once in a quarter for physical security.
SECURITY
23.03.2015 b) During above security inspection, Security Audit of Currency Chests to be done
once in six months (during June and Dec quarter Under Quarterly Visit) Audit
format is attached with the circular.
Sukanya Samriddhi Account All PPF authorized branches to use
undernoted functionality for opening accounts under Sukanya
samriddhi account
28 (i) Creation/verification of cust id by invoking menu option CUMM.
GBD
31.03.2015 (ii) Opening / verification of Sukanya Samriddhi Account by invoking menu option
SUKYOPN.
(iii) Crediting of amount (cash/transfer) in account by invoking menu option
SKTM and verify it.

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 (iv) At ABH, the collection in Sukanya Samriddhi Account at authorized SOLs
shall be parked by system to Link Cell, Nagpur.
Flow chart
(i) First create and verify a customer id of minor girl child in CUMM entering
inter-alia valid KYC information provided by customer.
(ii) Open and verify Sukanya Samriddhi Account after obtaining copy of Birth
Certificate of minor child.
At ABH of SOL, the collections made in Sukanya Samriddhi Collection Account
shall be parked at Link Cell, Nagpur for remittance of funds to RBI, Nagpur and
contra entry e.g. Sukanya Payable Account and Sukanya Receivable Account shall
be created by system for equivalent amount of collections of the day of
authorized sol.
Online applications are invited from officers in JMG Scale-I, MMG Scale-II,MMG
Scale-III & SMG Scale-IV who fulfill the eligibility criteria, for promotion to MMG
256 Scale II, MMG Scale-III, SMG Scale-IV & SMG Scale-V respectively, under Normal/
PAD
31.03.2015 Seniority Channel, Merit/ Fast Track Channel & Merit Channel, as the case may
be. Last date for submission of online application is 06th April 2015 17.00 hrs and
online test will be held on 10th May 2015
HONBLE HIGH COURT OF CHENNAI INTERIM INJUNCTION ORDER
DATED 25.03.2015 ON PERQUISITES ON INTEREST FREE LOAN OR
LOAN AT CONCESSIONAL RATE OF INTEREST- Perquisite value of interest
10 free loan or loan at concessional rate of interest given to the officers who are
FINANCE 31.03.2015 members of All India Punjab National Bank Officers Federation (AIPNBOF)
affiliated to All India Bank Officers Association (AIBOA) need not be reckoned and
no income tax need to be deducted in respect of interest free loan or loan at
concessional rate of interest provided the officer member furnishes an
undertaking letter as per Annexure I.
29 Fixed medical allowance of Rs.300/- has been enhanced to Rs.500/- to Central
GBD
30.03.2015 Government pensioners residing in the area not covered under CGHS.
23 Power for converting un-availed LCs (working capital) to Fund based limit in case
IRMD-LA 31.03.2015 of Board/MC/HOCAC-II/III sanctions, shall continue for a further period of 6
months i.e. up to 30.09.2015, subject to review.
01 List of operative circulars / circular letters / manuals.
OPERATION
01.01.2015
11 SCHEME FOR FINANCING MINOR IRRIGATION ACTIVITIES- Consolidated
PSLB-COD
30.03.2015 and detailed guidelines for financing minor irrigation activities.

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