Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • PNB Credit Card Balance Transfer

    Punjab National Bank (PNB) provides a convenient balance transfer facility to PNB Global Credit cardholders, through which outstanding balance from another bank credit cards can be transferred to a PNB credit card. Any customer holding a PNB Global Credit card or availing a new card can make use of the Balance Transfer scheme. The interest rate charged on the Balance Transfer scheme is lower than the regular finance charges levied on a credit card.

    Features and Benefits

    • Lesser interest rates and charges: The most important feature of a balance transfer facility for Punjab National Bank Credit Cards is that it attracts lesser interest rates. If your current credit card has a higher monthly interest rate, you can transfer the outstanding amount to your PNB credit card for a minimal processing fee and attractive interest rates.
    • Quick process: The process of the balance transfer is quick and easy. You can transfer your outstanding balance faster and in an efficient way.
    • Minimum and Maximum Amount: The minimum amount that can be transferred is Rs.2,000. Up to 90% of the available limit or credit card limit, whichever is lower, can be transferred.

    Fees and Charges

    The fees and charges that will be levied are mentioned in the table below:

    Processing Fee Rs.199 or 1% of the amount that is being transferred (whichever is higher)
    Finance Charges 0.99% per month
    Repayment Tenure 6 months
    Monthly Instalment For every Rs.1,000 that is transferred, Rs.172.50 must be paid.

    Eligibility Criteria

    The eligibility criteria that must be met in order to avail the Balance Transfer option are mentioned below:

    • Your credit card account cannot be delinquent or over limit.
    • You must be the primary credit card holder.
    • You must be an Indian resident.

    Documents Required

    The documents that must be submitted in order to avail a credit card from Punjab National Bank are mentioned below:

    • Application form.
    • Proof of income.
    • Proof of identity.
    • Proof of address.

    Any other documents that are requested by the bank must be submitted as well.

    How to Apply for Credit Card Balance Transfer with PNB

    You must submit a request form with the latest monthly statement of the other bank’s credit card to avail the balance transfer facility. However, the monthly statement cannot be more than 45 days old. You can download the request form from the official website of the bank (

    FAQs on PNB Bank Credit Card Balance Transfer

    1. What are the processing charges of PNB credit card balance transfer?

      The processing charges by Punjab National Bank for a credit card balance transfer is 1% of the total balance transfer amount or Rs.199, whichever is higher.

    2. What are the minimum and maximum eligible amount for the balance transfer?

      The minimum eligible amount for the Punjab National Bank credit card balance transfer is Rs.2,000 and the maximum is 90% of the credit card limit.

    3. How can I transfer my PNB credit card balance?

      You can transfer your PNB credit card balance by filling out a form for the balance transfer facility online and submitting the latest bank statement for the credit card for which the transfer facility is required.

    4. Will credit card balance transfer affect my credit?

      Yes, until your total amount due is paid off, your credit limit may be affected. It is advised that you speak to a bank representative before the process begins.

    5. What is the email ID to which you can I can mail my queries?

      You can mail your queries related to PNB Credit Card Balance Transfer to

    6. Can I convert my credit card balance to EMIs?

      Yes, you can convert your credit card balance into EMIs.

    7. What is the repayment period for the payment of my EMIs?

      Once you convert your balance into EMIs, you will have to clear the payment within six months.

    8. Earlier PNB used to offer balance transfer facility at 0% finance. Is the facility still available?

      No, the bank has discontinued the facility of offering balance transfer at 0% finance.

    9. I had availed the balance transfer facility at 0% finance, but the facility is discontinued. Will I be able to continue enjoying the facility?

      If you availed the balance transfer facility at 0% finance before it got discontinued, then you will continue to enjoy its benefits till the due date.

    10. I am an NRI. Can I avail the PNB credit card balance transfer facility?

      No, you cannot avail the PNB credit card balance transfer facility as you are not a resident of India. Unless, you hold an Indian citizenship, you cannot avail this facility.


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