Punjab National Bank – one of the largest public sector banks in India offers a good number of benefits to its employees. You can check various allowances, benefits provided to PNB employees as listed below.
Medical Aid
50% of Basic Pay of Previous Year’s December Month. Officers recruited during the year shall be allowed 50% of basic pay (pro-rata) as on date of joining the Bank.
Health Checkup
Facility for Officers (Self & Spouse with age of 35 years & Above; Once in a Calendar Year)
| Upto Scale III | Rs. 3500 per person |
| Scale IV & V | Rs. 4500 per person |
| Scale VI & VII | Rs. 6000 per person |
| Scale VIII | Rs. 8000 per person |
Stationery: Purchase of Stationery Items like Fountain/ Ball Pen refills etc.- Rs. 350 per calendar year
Newspaper Facility (to be claimed Quarterly)
| Scale I | Rs. 200 (monthly) |
| Scale II & III | Rs. 300 (monthly) |
| Scale IV & V | Rs. 450 (monthly) |
| Scale VI and above | Rs. 600 (monthly) |
Entertainment Expenses (Annual Limit per Financial Year)
| Scale I | Rs.8600 (upto 7 yrs service)/ Rs.10800 (>7 yrs service) |
| Scale II | Rs. 11500 |
| Scale III | Rs. 12200 |
| Scale IV & V | Rs. 12900 |
| Scale VI | Rs. 19500 |
| Scale VII | Rs. 37500 |
| Scale VIII | Rs. 50000 |
Cleansing Material Reimbursement(to be claimed Quarterly)
| Upto Scale V | Rs. 1000 per quarter |
| Scale VI | Rs. 1200 per quarter |
| Scale VII | Rs. 1500 per quarter |
| Upto Scale VIII | Rs. 2000 per quarter |
Reimbursement of expenses on travel on Duty (Sch. B) (Per Month)
| Scale | Petrolage in liters | Maintenance in Rs. | Reimbursement for Electric Vehicle |
| Scale I (other than BH) | 40 | 50 | 3000 |
| Scale I (BH)/ Dy Mgr | 60 | 150 | 4500 |
| Scale II | 60 | 150 | 4500 |
| Scale III | 95 | 150 | 7000 |
| Scale IV | 120 (non- metro)/ 135 (metro) | 135/150 | 9000(non-metro)/ 10000 (metro) |
| Scale V | 140 (non- metro)/ 160 (metro) | – | – |
| Scale VI | 160 (non- metro)/ 180 (metro) | – | – |
| Scale VII & VIII | 200 (non- metro)/ 220 (metro) | – | – |
Scholarship scheme: to provide financial assistance to one talented child of the employees only for one talented child per family during the service (Paid Once a Year i.e. on submission of claim by 31st December of the year of commencement of academic session).
| Cadre | For Daughter | For Son |
| Officer | Rs. 20000 | Rs. 8000 |
Festival Advance (Once in Calendar Year- One Month Gross Salary with following maximum limits)
| Scale I | Rs. 35000 |
| Scale II | Rs. 50000 |
| Scale III | Rs. 60000 |
| Scale IV & V | Rs. 85000 |
| Scale VI & VII | Rs. 100000 |
| Scale VIII | Rs. 125000 |
Staff Clean Overdraft/ Demand Loan Facility
| Cadre/ Length of Service | >6 months upto 3 yrs | =>3 yrs upto 12 yrs | => 12 yrs |
| Upto Scale IV | Rs. 5 lakhs | Rs. 10 lakhs | Rs. 15 lakhs |
| Scale V and above | Rs. 8 lakhs | Rs. 15 lakhs | Rs. 15 lakhs |
Housing Loan Scheme (HRDD 886/2023 & 915/2024) Principal: Interest = 3:1
Tenure: Upto 75 years of age or 360 monthly installments whichever is earlier ROI – Upto Rs.40 lakh – 5.50% p.a. Simple/ Above Rs.40 lakh- 6.00% p.a. Simple
| Cadre | Housing Loan Limit | Loan for Repair/ Renovation/ Furnishing |
| Upto Scale III | Rs. 120 lakhs | Rs. 30 lakhs |
| Scale IV & V | Rs. 150 lakhs | Rs. 30 lakhs |
| Scale VI & VII | Rs. 160 lakhs | Rs. 30 lakhs |
| Scale VIII | Rs. 180 lakhs | Rs. 30 lakhs |
Conveyance Loan
ROI – Car Loan- 5.50% p.a. Simple/ Two Wheeler- 5.50% p.a. Simple
| Principal: Interest | Tenure | |
| Car Loan | 130 months: 50 months | Upto 70 years of age or 180 monthly installments whichever is earlier |
| Two Wheeler | 69 months: 15 months | Upto 70 years of age or 84 monthly installments whichever is earlier |
| Non Electric | Electric | |||
| Cadre | 2-Wheeler | Car | 2-Wheeler | Car |
| Officers | Rs. 3.50 lakh | Rs. 18.00 lakh | Rs. 4.00 lakh | Rs.20.00 Lakh |
Purchase of Briefcase of Officers (Once in 3 years)
| Scale I | Rs. 2500 |
| Scale II & III | Rs. 3500 |
| Scale IV & V | Rs. 7000 |
| Scale VI & VII | Rs.25000 |
| Scale VIII | Rs.30000 |
Compensation to Officers for working on Sundays/ Holidays
| Other than CTS/ ECS/ RTGS/ SWIFT/ RBI/ GOVT. directions | Work < 4 hour- ½ day DiemWork > 4 hour- 1 day Diem OR 1 Day compensatory leave |
| On CTS/ ECS/ RTGS/ SWIFT/ RBI/ GOVT. directions | Rs. 2000 (Including Scale IV) |
Group Personal Accident (GPA) Insurance Policy for Staff at Bank’s cost
| Cadre | Sum Insured in (Rs.) |
| Scale I, II & III | Rs. 2500000 |
| Scale IV to V | Rs. 5000000 |
| Scale VI to VIII | Rs. 7500000 |
Leased Residential Accommodation
| Delhi/ Gurgaon & Mumbai | Major A Class | Area I/ State Capital (Including Faridabad, Ghaziabad) | Area II (Including Noida) | Area III | |
| Scale I | 30000 | 22500 | 17000 | 11000 | 8500 |
| Dy. Manager | 30500 | 23000 | 17500 | 11500 | 9000 |
| Scale II | 32000 | 23500 | 18000 | 12000 | 10000 |
| Scale III | 33500 | 26000 | 20500 | 13000 | 11500 |
| Scale IV | 37000 | 29500 | 23500 | 15000 | 15000 |
| Scale V | 45000 | 33000 | 26000 | 18000 | 18000 |
| Scale VI | 74000 | 45500 | 34000 | 22000 | 22000 |
| Scale VII | 85500 | 57500 | 40000 | 30000 | 30000 |
| Scale VIII | 87500 | 60000 | 50000 | 40000 | 40000 |
- Major ‘A’ Class cities – Kolkata, Chennai, Hyderabad, Ahmadabad and Bangalore, Pune, Surat.
- Area I – Areas having population of over 12 lakh plus State Capitals.
- Area II – All cities other than those included in Area I which have a population of 1 lakh and more.
- Area III – All other places not included in Area I and Area II.
Reimbursement of Expenses on Travel (Halting allowance – Diem)
| Metro (Including Delhi/ Gurgaon) | Major A Class | Area I (Including Faridabad, Ghaziabad) | Other (Including Noida) | |
| Upto Scale III | 2925 | 2475 | 2150 | 1800 |
| Scale IV & V | 3375 | 2925 | 2475 | 2150 |
| Scale VI and above | 4050 | 2925 | 2475 | 2150 |
Reimbursement of Expenses on Travel(Lodging & Boarding Facility – Hotel)
| Metro (Including Delhi/ Gurgaon) | Major A Class | Area I/ State Capital (Including Faridabad, Ghaziabad) | Other (Including Noida) | |
| Scale I | 2600 | 2600 | 2500 | 2000 |
| Scale II & III | 3200 | 3000 | 2800 | 2300 |
| Scale IV & V | 5200 | 4800 | 3000 | 2800 |
| Scale VI & VII | 10000 | 7800 | 4000 | 3500 |
| Scale VIII | 10000 | 8000 | 4200 | 3800 |
- Metro: – Mumbai, Kolkata, Delhi, Chennai & Bangalore
- Major ‘A’ class cities: – Ahmedabad, Hyderabad, Pune & Surat.
- Area –I Centers:- Nagpur, Kanpur, Jaipur, Lucknow, Vishakapatnam, Patna, Vadodara, Kochi, Indore, Bhopal, Ludhiana, Coimbatore, Madurai, Agra, Varanasi, Srinagar, Vijaywada, Rajkot, Faridabad, Jamshedpur, Kozhikode, Trissur, Mallapuram, Tiruvananthpuram, Kannur, Jabalpur, Nashik, Meerut, Allahabad, Ghaziabad and Asansol
Silver Jubilee Award to Serving Employee- (on completion of 25 years of service in the bank): Rs. 10,000/- (inclusive of GST); function expenses @ Rs. 60 per employee of branch.
Residential SFF
| Scale I/ Dy. Manager | 175000 |
| Scale II | 200000 |
| Scale III | 225000 |
| Scale IV | 230000 + 1 AC (upto 35000) |
| Scale V | 260000 + 1 AC (upto 35000) |
| Scale VI | 345000 + 1 AC (upto 35000) |
| Scale VII | 480000 + 2 ACs (each upto 35000) |
| Scale VIII | 600000 + 2 ACs (each upto 35000) |
Reimbursement of Expenses towards Transportation of Personal Effects on Transfer; Min. 300 km; Two Times for Hilly area (HRMD 694/2023)
| Upto 1000 km | Rs. 5.90 per tonne per km |
| Beyond 1000 km | Rs. 4.25 per tonne per km |
Facility for Telephone (Landline)/ Mobile Phone (Per Month/ Excluding GST)
| Mobile Handset | Incumbent | Other | On Self Declaration | |
| Scale I | – | 1200 | 700 * | 400 |
| Scale II | – | 1300 | 800 * | 400 |
| Scale III | – | 1500 | 1000 * | 400 |
| Scale IV | 5000 (BH only) | 2500 | 2000 | |
| Scale V | 15000 | 3500 | 3000 | |
| Scale VI | 20000 | 6000 | 5000 | |
| Scale VII | 40000 | Unlimited | Unlimited | |
| Scale VIII | 50000 | Unlimited | Unlimited |
* Approval from CH/ DZM/ Divisional Head required
Compensation on Transfer (Lumpsum) (towards packaging, local transportation, insuring the baggage)
| Scale I, II & III | Rs. 40,000 |
| Above Scale IV | Rs. 50,000 |
Reimbursement of travelling expenses for travel on duty/ transfer by own vehicle
| Type of vehicle | Rate of reimbursement per km. (Rs.) |
| Four wheeler – Engine capacity of 1000 cc or more | 11.00 |
| Four wheeler – Engine capacity of less than 1000 cc | 9.00 |
| Motorcycle and scooter | 6.00 |
Financial Aid to the families of the employee who die while in service of the bank
| Cadre | Financial Aid (Rs.) |
| Officer | Rs. 300000 |
Compensation to Bank Employees who are killed in Bank Robberies, Terrorist Incidents including Left Wing Extremism
| Cadre | Amount (Rs.) |
| Officer | Rs. 20 lakhs |
Various Other Benefits:
- Learning Allowance: Rs.850/- pm + DA
- Location Allowance (Non CCA Centre): Rs.1200/- pm
- Special Allowance: 26.50% (Scale I), 28.30% (Scale II & III), 30.50% (Scale IV & V) and 31.50% (Scale VI -VIII)
- Recovery: a) House Rent @ 0.35%, b) SFF @ 0.075%
- Annual Encashment of PL: 5 days (7 days for officers above 55 years)
- NPS Employer Contribution increased to 14% (out of 14%, 4% is taxable in hands of Employee)
- Scheme for providing financial assistance to the employees having children with special needs: Rs. 30000/- p.a. (HRMD 744/2024)
- Canteen Subsidy: Rs. 100/- per employee per month – Payment to be made to Canteen Vendor
- Memento to the employees on Retirement and on Voluntary Retirement: Rs. 15000/- (Inclusive of GST)/ Rs. 100 per employee for organizing function.
- Providing immediate relief to the family of the employees who die while in service (Financial support for funeral expenses): Rs. 30000/-
- Closing Allowance: Rs.1500/- per quarter
- Mid Academic Year Transfer Allowance: Rs. 2500/- p.m. per child with a maximum up to 2 children
