PNB customer alert: PSU bank suspends MasterCard network activity linked to Russia

Punjab National Bank (PNB) has issued an important reminder for customers using MasterCard services for international transactions. The public sector lender has reiterated that its MasterCard network activity related to Russia remains suspended in line with international sanctions and restrictions imposed by the global card network.

According to information available on the bank's website, customers should be aware that MasterCard services involving sanctioned customers and Russian entities remain prohibited. The restrictions apply regardless of where the customer is located.

What has PNB said about its MasterCard network activity linked to Russia?

PNB stated, “All network activity for Russia remains suspended. All MasterCard activity, including financial transactions and services, continues to be prohibited with sanctioned customers wherever these customers are located.
“Blocks remain implemented across MasterCard for authorisation, clearing, and other core systems for all sanctioned customers, wherever they are located, in addition to all Russian customers,” added further.


According to international media reports, Russia is aiming for the complete removal of Mastercard and Visa from the domestic market.

Which PNB transactions have been affected?

Financial transactions through the MasterCard network involving sanctioned customers are prohibited.
Clearing and settlement activities involving affected customers are also restricted.

The restrictions apply to all sanctioned customers worldwide in addition to customers in Russia.

PNB suspends airport lounge access for these cards

In a separate notification, PNB has informed its MasterCard Platinum Debit Card customers that the complimentary airport lounge access facility available on these cards has been discontinued with effect from June 1, 2026. The bank advised customers to take note of the change and make necessary arrangements accordingly.

Latest PNB FD rates

PNB offers fixed deposit (FD) interest rates from 3% to 6.60% for tenures ranging from 7 days to 10 years for general citizens for amounts below Rs 3 crore. For senior citizens, the bank offers FD interest rates from 3.50% to 7.10%. The revised FD rates are effective from June 1, 2026.

Period	Revised Rates 01.06.2026	Revised Rates for Senior Citizens 01.06.2026
7 to 14 Days	3	3.5
15 to 45 Days	3	3.5
46 to 90 Days	4.5	5
91 to 154 Days	4.9	5.4
155 Days	5.55	6.05
156 Days to 179 Days	4.9	5.4
180 to 270 Days	5.6	6.1
271 Days to 302 Days	5.6	6.1
303 Days	5.55	6.05
304 Days to >1 Year	5.6	6.1
1 Year	6.25	6.75
>1 Year to 389 Days	6.3	6.8
390 Days	6.3	6.8
391 Days to 443 Days	6.3	6.8
444 Days	6.6	7.1
445 Days to 665 Days	6.3	6.8
666 Days	6.5	7
667 Days to 2 Years	6.3	6.8
>2 to 3 Years	6.3	6.8
>3 Years to 1203 Days	6.35	6.85
1204 Days	6.3	6.8
1205 Days to 5 Years	6.35	6.85
>5 Years to 10 Years	6	6.8