Punjab National Bank (PNB) and Indian Army sign MoU to offer PNB LUXURA Metal and PNB Parakram credit cards for Army personnel

Exam-focused facts from the 26 August 2026 current affairs briefing.

Key facts

Punjab National Bank (PNB) has signed an exclusive MoU with the Indian Army to offer two dedicated credit cards.
The PNB LUXURA Metal Credit Card is designed for Army officers, while the PNB Parakram Credit Card is for Junior Commissioned Officers (JCOs) and Other Ranks (OR) personnel.
The cards provide 3% cashback on CSD purchases, complimentary domestic and international lounge access, and zero forex markup.
Additional benefits include movie tickets, complimentary golf lessons, and lifestyle rewards.
The PNB Parakram Credit Card features a biodegradable design, reflecting the bank's environmental focus.
The MoU was signed at Indian Army Headquarters in New Delhi by Maj Gen VK Purohit on behalf of the Army and PNB General Manager Deepak Kumar.