The National Bank of Punjab (PNB) has launched PNB @ Ease, a digital initiative in which customers facilitate and approve all bank branch transactions. PNB said in a statement that the facility can range from opening savings accounts to applying for various loans and more, all without having to visit a branch or enlist the help of local employees. bank. PNB @ Ease will be rolled out to 165 established locations across India in the future, according to the bank. PNB General Manager SS Mallikarjuna Rao revealed details of the initiative, saying PNB @Ease outlets will be set up with five kiosks: ATM, banknote acceptor, account opening kiosk , a card issuing kiosk and an Internet kiosk. .
Customers will be able to access all banking facilities under one roof, he added, and PNB @ Ease outlets will help the bank expand its distribution capacity, thereby lowering the cost of acquiring customers. PNB unveiled other digital initiatives on the occasion of its 127th founding day, including the instant opening of an online savings account via video-KYC, an insta pre-approved loan, an insta demat account and an insurance facility through online and mobile banking services. The bank has also published a coffee table book commemorating the day it was founded, which describes the bank’s in-depth journey and its effective merger with the former Oriental Bank of Commerce and United Bank of India. On the occasion of the 127th Foundation Day, MD & CEO CH. SS Mallikarjuna Rao, Sh. Debasish Panda (Senior IAS Manager and Secretary, Financial Services Department) & Sh. Pankaj Jain, IAS, AS, DFS inaugurated PNB @ Ease outlet at Central Secretariat metro station, New Delhi .
For investment related articles, economic news and mutual fund advice