What is the fee applied when a PNB credit card is used for purchases in non-Indian currencies? Does PNB charge a foreign exchange markup fee? What percentage of the transaction value is charged? (e.g., 3.5% of the transaction amount) How does PNB convert foreign currency transactions into INR? Does PNB follow Visa, Mastercard, or RuPay exchange rates, or does it apply an additional markup? Do these charges apply to both international online transactions and physical transactions abroad? Are the charges the same for all PNB credit cards, or do premium cards have lower fees? Are there any GST or service taxes applied to foreign currency transaction fees? Does PNB charge an additional dynamic currency conversion (DCC) fee if the merchant offers to bill in INR instead of the local currency? How does PNB’s foreign transaction fee compare to other banks’ credit card charges? Are there any PNB credit cards with zero foreign transaction fees for travelers?
Yes, Punjab National Bank (PNB) charges fees when customers use their credit cards to make foreign exchange transactions. These costs vary depending on the specific card type and the country of issue.
PNB Credit Cards in India: The foreign exchange transaction fee is a 3.5% markup on top of the exchange rate.