Punjab National Bank · Scored card guide

PNB Rakshak RuPay Platinum

1 point/₹100 eligible retail, at current ₹0.25 redemption value. The issuer's old 50-paise text is superseded by the 25-paise revision.

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Where it pays

PNB earning table lists 1 reward point per ₹100 eligible retail spend. Its stale rewards-page prose says ₹0.50/point, but PNB’s dated correction effective 1 September 2024 and current MITC say ₹0.25/point; this model uses ₹0.25 statement cashback. One monthly transaction is assumed, with points accrued over 12 months. At least 1,000 points are required for one redemption; a ₹99 plus estimated GST redemption fee is deducted once when threshold is met. Conservative first-year cost deducts both published joining fee ₹0 and annual fee ₹500, plus GST. The issuer does not clearly say when the annual fee is billed; a first-year charge and subsequent-year waiver may vary, so this may overstate year-one cost. A generic Utilities merchant code and fuel reward eligibility cannot be confirmed from this input, so neither is scored. Welcome points, surcharge waivers and partner offers omitted. Eligibility is restricted to PNB Rakshak scheme salary-account customers; this model does not imply open eligibility. Sources: https://www.pnbindia.in/PreQualified-Credit-Card.html?AspxAutoDetectCookieSupport=1 ; https://pnbcard.in/rewards.html ; https://pnbcard.in/Documents/Reward%20Point%20Notice%20(English).pdf ; https://pnbcard.in/PDF/MITC.PDF ; https://pnbcard.in/Documents/pnb_sofc.pdf .

Modeled first-year fee: ₹500 published joining plus annual charges, plus estimated 18% GST. The issuer does not clearly state first-year annual billing timing, so this is conservative and could overstate year-one cost. One annual redemption costs ₹99 plus estimated GST after 1,000 points.

Issuer source

https://pnbcard.in/rewards.html

Checked 27 Sep 2026. Verify current issuer terms before applying.

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