New Delhi, Aug 22 (PTI) State-owned Punjab National Bank (PNB) on Monday announced the launch of its pre-qualified credit card with a host of features, including insurance coverage.

This facility will be available for salary account customers and they shall be able to apply through the mobile banking app PNB One, website or Internet Banking Service (IBS), the lender said in a statement.

Also Read | Xiaomi 12 Lite Debuts in Malaysia, Now Available for Pre-Order.

The bank will be offering this service under two platforms -- RuPay and Visa.

It has also introduced a new facility of overdraft against fixed deposit on PNB One in a few clicks and a single OTP.

Also Read | Rajasthan High Court Recruitment 2022: Applications Invited for Over 2500 JA, Clerk And Other Posts At hcraj.nic.in; Here's How to Apply.

Customers can avail loan without visiting a bank branch, it said, adding there is a concession of 0.25 per cent on the interest rate when applied through digital platforms like PNB One.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)