Country’s second largest public sector lender, Punjab National Bank, has launched a global credit card.

While speaking during the commercial launch of the cards, PNB Chairman K C Chakrabarty said, “To start with we are launching two varieties of credit cards Global Gold and Global Classic, which will meet the needs of its customers and will cater to the requirement of different income groups.”

Mr. Montek Singh Ahluwalia, the Deputy Chairman of the Planning Commission was also present at the occasion.

Dr. Ahluwalia said that international credit card will add to the customer convenience.

The card, which would be available across the 1,200 branches across the country, at first, would be offered to existing customers of the bank.

The bank, in association with Visa has launched the credit card, which is acceptable in over 29 million merchant establishments and one million ATMs worldwide. Moreover, the global card would also be accepted at a host of e-commerce sites. Apart from SMS alerts, the card also carries the facility of photo card. The PNB credit card offers a free credit period of 20-50 days. Apart from this, the card has no joining, renewal, annual fee or fuel surcharge.

The bank has also announced completion of 100 per cent core banking implementation at all its 4,604 branches and extension counters. In 2008-09, the bank opened over 25 lakh beneficiary accounts.