DRUK PNB BANK
… Your Partner in Growth
1
Establish
ment
• 27 jan’10 with 1st
Branch at Thimphu
• 10 Feb’10: Opened
Branch at
Phuntsholing
Sharehold
ers
Manageme
nt
• PNB-51%
• 4 Local Promoters19%
• Public- 30%
• Board of Directors
(Chairman from Local
Promoter)
• One Director to be
appointed from the
public
• CEO from PNB
• Staff Strength: 48
2
Fundamental Roles of Bank



Mobilization of savings fund from individuals,
household, business community and the
Government….. through various deposit schemes
Channeling savings fund for productive use in
different sectors of the economy……..through
various loan schemes
To act as efficient conduit for payments system
…….through various mode of remittance
3
Savings Deposit
• Dual benefit: Easy liquidity and also earns
interest @ 5% pa
• Account can be opened with minimum of Nu
500/-
• Need to maintain Minimum Quarterly
Average Balance of Nu 1000
•Interest is paid on daily product basis
without any restriction on no of
withdrawals and without any ceiling on
balance in the Account
4
Current Deposit





Transaction(check in) account for business
purpose
No Interest on this account
Cheque book is issued in this account
Account can be opened by depositing at least
Nu 1000/Need to maintain minimum Quarterly Average
Balance of Nu 5,000/-
5
Fixed Deposit





Fixed maturities- 3 months to over 5 years
Suitable for all kinds of depositors-Individual,
businesses etc
High return(interest) and easy liquidity
Loan facility up to 90% of the balance at 1% or
2% above the applicable interest rate on the
deposit
Premature closure is possible, subject to
penalty.
6
Total Salary Freedom A/c





Purpose: To enable employees meet temporary
cash requirement by extending OD
Eligibility:
 Govt/Corporate/firms…. at least 75% of
total employees with minimum participants
of 10
 Should be permanent employees
OD Amount: Lower of Nu 50,000/- or Net Pay
Repayment: Anytime during the month or in
bullet repayment at the time of next salary
credit
Other Benefits:
7
Housing Loan


Purpose:
 Loan is extended for purchase of plot for
building of House up to maximum of Nu 2
million.
Extent of finance:
 Construction/Purchase of House/Flat - 75%
of the estimated cost of construction subject
to repaying capacity
 For repairs/renovations- 60% of estimated
cost up to maximum of Nu 2 million subject
to repaying capacity
8
Education Loan




Purpose: For higher studies only
Eligibility: Meritorious students who have
gained admission for degree program with
minimum of 60% in higher secondary exam
Extent of Finance:
 In Bhutan : Up to Maximum of 4 lacs with 0
margin
 Out side Bhutan: Up to maximum of 15 lacs
with 15% margin
Security: Acceptable collaterals in the form of
Immovable property depending on loan
amount
9
Education Loan….. continuation



Repayment: 5 years
Commencement of Repayment : Course period
+ 1 year OR 6 months after getting job,
whichever is earlier.
Co-Borrower: Guardian shall be co-borrower
and the parents/Guardian’s Income should be
sufficient to repay the loan
10
Loan Against Term Deposits


Extent of Finance: Up to 90% of the
balance deposit amount plus
accumulated interest
Interest:
1% above deposit interest rate if depositor
takes the loan
 2% above deposit interest rate if third person
takes the loan

11
Loan Related



Bank Guarantee (Performance/Bid
Bond(EMD)/Security)
Purchase of Bills and Drafts, Cheques etc
Collection of Bills and Drafts, Cheques etc
Remittances




Demand Draft/TT/PO
NEFT(t+1)/RTGS(t+0) through PNB in India
PNB Cheques payable at par at any bank in India
Fund Transfer in Foreign Currencies thru SWIFT
12

ATM
Free Card
 Annual fee : 100 per Card per year
 For Add On Card: 100 per Card….. Up to
2 Cards
 Can be used in all ATMs of PNB
Branches in India




Master Card …under process
Internet Banking….. to be introduced
Mobile phone banking…..to be introduced
13
FIXED DEPOSIT INTEREST RATES
For Individual Depositor
SL
No
1.
Period of investment(Public)
2.
1 year to less than 3 years
6.00
3.
3 years and above but less
than 5 years
5 years and above
7.00
Premature cancellation penal
Interest
1.00
4.
5.
3 months to less than 1 year
Interest Rate ( % Per
annum)
5.00
8.00
14
FIXED DIPOSIT INTEREST RATES
For Corporate Bodies
S. No Period of Deposit
1.
2.
3.
4.
46 days and above but less than 1 year
I year and above but less than 3 years
3 years and Above but less than 5 years
5 years an above but less than 7 years
5.
6.
7 years and above but less than 10 years
10 years and above but less than 12
years
Rate of interest
(% per annum)
2.25
3.00
4.00
5.50
6.00
7.00
Single bulk Deposit
S. Period
No
1. 46 days ≤1 year
Nu.10 million <
Nu 50 Million
2.50% per annum
Nu.50 million and
above
2.75% per annum
Premature cancellation: 2% below normal applicable rate
15
S. No Purpose of Loan
1.
2.
3.
4.
Education Loan Up to Nu.0.40 million
Trade LoanPrimarily Stock
Based
Housing Loan
Loan Against
bank’s Deposit
Above Nu 0.40 million
(Maximum Nu 1.5 mio
Working Capital
Term Loan
Construction/ purchase
Rate of Interest (% per
annum)
9.00
11.00
14.00
14.00
10.00
12.00
Renovation of existing
house
To depositor
1.00 above the
applicable rate of
interest in deposit
To third party
2.00 above the
applicable rate of
interest in deposit
16
5.
Loan for Service and
Tourism Activities
6.
7.
Loan Against Shares
Loan to Contractors
8.
Manufacturing /
Industrial Loan
Personal loan to:
Public
Gov’t/Pvt Employees
Personal Loan Scheme
for Pensioners
9.
10.
Working Capital
Term Loan
13.00
10.00
Working Capital
Term loan
Term Loan
Working Capital
13.00
14.00
13.00
12.50
13.50
15.00
12.00
Repayable within 3
years
10.00
12.00
Repayable 3 years or
more but max of 5 yrs
17
11.
Financing Property
Owners against
Future Lease Rentals
Repayable within 5
years
Repayable in over 5
years
12%
13%
12.
Transport Loan
Term loan
Working Capital
13.00
14.00
13.
Agriculture loan
13.00
14.
Small Business and
Artisans
13.00
15
Vehicle Loan
16.
Export Finance
Repayable in less than
3 years
Repayable in 3 years or
more max. of 7 years
11.00
11.50
13.00
18
19