EMI on PNB Debit Card -Complete Details


PNB Insta Debit Card EMIIn today’s fast-paced world, convenience and affordability are key factors when it comes to financial solutions. This is especially true for individuals who do not have a credit card but still want to avail themselves of instant EMI options. Enter Insta Debit Card EMI (DCEMI), a revolutionary product that allows existing bank customers to enjoy the benefits of EMI without the need for a credit card. In this comprehensive guide, we will explore the features, eligibility criteria, benefits, and terms and conditions of Insta Debit Card EMI.

What is Insta Debit Card EMI?

Insta Debit Card EMI, also known as DCEMI, is a digital micro personal loan product offered by Punjab National Bank (PNB). It provides a convenient and flexible EMI option for customers who do not have a credit card but wish to convert their transactions into easy EMIs at the point of sale (POS). With Insta Debit Card EMI, customers can choose repayment schedules ranging from 3 months to 24 months, making it a versatile and customizable solution.

Eligibility and Instant Approval

To check your eligibility for Insta Debit Card EMI, simply send a message in the following format to 9264092640 from your registered mobile number with the bank: DCEMI Last 4 digits of your debit card. Upon sending the message, you will receive instant confirmation of your eligibility.

Features and Benefits of Insta Debit Card EMI

Insta Debit Card EMI offers a range of features and benefits that make it an attractive option for individuals looking for flexible and affordable EMI solutions. Let’s take a closer look at some of these key features:

  1. Loan Amount: With Insta Debit Card EMI, you can avail a loan amount ranging from a minimum of Rs. 5,000 to a maximum of Rs. 1,00,000. This ensures that you have access to the funds you need, whether it’s for purchasing consumer durables or other merchandise.
  2. Flexible Tenure Options: Insta Debit Card EMI offers a wide range of repayment tenure options, allowing you to choose the schedule that best suits your financial needs. You can opt for tenures of 3, 6, 9, 12, 18, or 24 months, ensuring that you have the flexibility to repay the loan at your own pace.
  3. No Blocking of Savings Account Balance: Unlike traditional loans, Insta Debit Card EMI does not require you to block your savings account balance. This means that you can continue to use your savings account for other financial transactions while repaying the EMI.
  4. Zero Processing Fee and Documentation: Insta Debit Card EMI eliminates the hassle of lengthy paperwork and processing fees. There are zero processing fees and no documentation required, making it a quick and hassle-free solution.
  5. Instant Disbursal: Once your loan is approved, the disbursal process is instant. You can start using your loan amount immediately, allowing you to make the purchases you need without any delays.
  6. Easy Repayment: Repaying your Insta Debit Card EMI is simple and convenient. You can pay using your debit card in EMIs with just one swipe, making it a hassle-free process.

Loan Process Flow

The process of availing Insta Debit Card EMI is straightforward and can be completed in a few simple steps. Let’s walk through the loan process flow:

  1. DCEMI through POS: Start by swiping your PNB debit card on the POS machine at a merchant store that has a tie-up arrangement with the bank.
  2. Select “BANK EMI”: Choose the option for “BANK EMI” on the POS machine.
  3. Enter Amount and Repayment Tenure: Enter the desired loan amount and select the repayment tenure from the available options.
  4. Eligibility Check: The POS machine will automatically check if you are eligible for Insta Debit Card EMI based on the bank’s pre-approval criteria.
  5. Enter PIN and Confirm: If you are eligible, enter your PIN and press OK to confirm the loan amount.
  6. Loan Booking and Success Confirmation: The loan amount will be booked, and you will receive a success message on the POS machine.
  7. Print Charge Slip: A charge slip containing the terms and conditions of the loan will be printed for your reference.

Interest Rates and Terms

Understanding the interest rates and terms associated with Insta Debit Card EMI is crucial before availing the facility. Here is a breakdown of the interest rates and terms:

Rate of Interest:

  • Scheme Code: Insta Debit Card EMI (POS EMI)
  • RLLR + BSP: 9.25%
  • Spread over RLLR + BSP: 8%
  • Effective Interest Rate: 17.25%

Terms and Conditions:

  • Minimum Transaction Amount: To avail the EMI facility, the minimum transaction amount must be Rs. 5000.
  • Interest Calculation: The interest will be charged at the rate of RLLR + BSP + 8% (presently 17.25%), subject to change as per bank/RBI guidelines.
  • Repayment Tenure: The loan amount is repayable in equated monthly installments (EMI) over 3, 6, 9, 12, 18, or 24 months, as opted by the customer.
  • Penal Interest: A penal interest of 2% above the applicable rate will be charged on any overdue amount.
  • Processing Fee: A nominal processing fee of Re. 1 will be charged and collected upfront through your debit card by the merchant.
  • Cancellation of EMI Transaction: Cancellation of any successful EMI transaction is allowed only if the merchant agrees and must be done before the end of the day or merchant settlement, whichever is earlier.

Additional Information

  • It’s important to note that Punjab National Bank (PNB) is not liable for any technical errors that occur while processing EMI at a POS terminal.
  • PNB is not responsible for any issues related to the purchased goods, such as quality or delivery, which should be taken up directly with the merchant.
  • PNB also does not guarantee any cashback promised by the merchant or OEM, although any received cashback will be promptly passed on to the customer.


If you don’t have the credit card and still want to buy something then you should go for this as this will be beneficial as there are no other options. but my suggestion is to wait for some time and start progressive deposit or put money in the mutual fund. You can buy the same thing after six months.You will be gain some money from your investment also.