SALIENT FEATURES :

 SALIENT FEATURES :
i) Owner / Lessee of suitable and prominently located sites at all major cities
will be able to participate. Lease of Lessee should be at least for a period
of 3 years.
ii) Suitable space with independent access will be required.
iii) The participant will be procuring ATMs as per specifications approved by
Bank and the other related equipments from the Bank’s approved
vendor(s). The site layout shall be as per layout design provided by bank
to maintain uniformity of the sites.
iv) Participant will bear the cost of the ATM, site preparation, security,
maintenance of ATMs and site etc.
v) To ensure a steady return on investment to the participant and to make the
system profitable to him, initial commitment of three years of usage of the
facility shall be given to the participant. Bank may renew / extend the
contract after 3 years.
vi) Mode of Connectivity to the ATM Switch shall be decided & provided by
Bank; Bank will also bear the cost of connectivity. Participant, however,
shall provide necessary space at his own cost for installation of V-SAT
(wherever required) at the roof top.
vii) Bank will have an exclusive usage right over the infrastructure till the
validity of the arrangement. The agreement will be binding on both the
Bank and the participant for the same period. This will give exclusive
usage of the facility to PNB customers and other member bank
cardholders as per the various ATM sharing arrangements Bank enters
into from time to time.
viii)Bank may consider buying the ATM and site infrastructure from the
participant after three years at a cost not more than depreciated value (at
prices prevailing at that time) of the ATM and ATM site infrastructure. The
depreciation shall be @ 20% per year.
ix) As per the depreciation, the ATM and Site Infrastructure cost will come
down to Re. 1/- after 5 years. In case, the Bank decides to buy the ATM
and site infrastructure after 5 years, then the negotiated value will not be
more than 20&% of the original cost of the same. Rent payable may also
be negotiated at the time of takeover by the Bank.