Current Affairs - Defence - Discussion

Punjab National Bank (PNB) signed a Memorandum of Understanding (MoU) with the Indian Army on August 21, 2026, to introduce specialised credit cards tailored for Army personnel. The PNB LUXURA Metal Credit Card is designed for Army officers, while the PNB Parakram Credit Card is intended for Junior Commissioned Officers (JCOs) and other ranks. Benefits include 3% cashback at CSD outlets, zero forex markup on international transactions, airport lounge access, golf lessons, and BOGO movie ticket offers. The Parakram card also features a biodegradable design, supporting environmental sustainability.