All cards / Punjab National Bank
PNB Parakram Credit Card
Launched under PNB's 2026 MoU with the Indian Army for JCOs and other ranks, this zero-fee card pairs CSD cashback with lounge access and zero forex markup — benefits PSU defence cards rarely offer for free.
Annual fee
₹0
Joining fee
₹0
Reward type
cashback
Base reward rate
0.5%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to salaried applicants with a credit score of roughly 700+. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.5% base rate
- Domestic lounge access: 4 complimentary domestic lounge visits per year (1 per quarter)
- International lounge access: 1 complimentary international lounge visit per year
Benefits by category
- ✈️ Travel
Complimentary domestic and international airport lounge access
- 🌍 Forex / international spend
Zero forex markup on international spends · 0% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Employment: salaried
- Age: 21–70
Fees & charges
- Foreign currency markup: 0%
- Interest rate: 35.89% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000, capped at ₹350 per billing cycle
Benefits
- 3% cashback on Canteen Stores Department (CSD) purchases, capped at ₹1,500/cycle
- Complimentary domestic and international airport lounge access
- Zero forex markup on international spends
- BOGO movie tickets and complimentary golf lessons; biodegradable card design
Pros
- + Zero joining/annual fee
- + 3% cashback on CSD purchases
- + Lounge access and zero forex markup at no cost
Cons
- − Exclusive to Indian Army JCOs and other ranks
- − Credit limit capped low (₹1–2 lakh) by rank
- − Not available to the general public or officers (see PNB LUXURA)