Individuals and businesses open accounts in banks for convenient financial handling and access to a wide range of products and services. However, it is crucial to stay vigilant and keep track of the various PNB Bank charges that may appear in your statements. By adopting a strategic approach, you can effectively minimise these charges and ensure cost-effective banking operations.
PNB or Punjab National Bank is one of India’s largest public sector banks. It has been in operation for over a century and provides a wide range of banking and financial services designed for individuals, Corporates, and businesses. It is well-known for its extensive branch network and innovative products.
Bank charges are fees imposed by financial institutions on customer accounts. They may occur due to various reasons, such as insufficient minimum balance, bounced checks, exceeding overdraft limits, monthly service fees, ordering checks, foreign transactions, paper statements, manual transactions, or inactivity. These charges contribute significantly to a financial institution’s revenue. Businesses typically record bank charges as expenses during their monthly bank reconciliation process.
PNB Bank Charges are associated with its banking services. The bank levies charges for specific services extended to its customers. Some of the common types of PNB Bank Charges are given below:
Incidental Charges in PNB are fees collected from customers for specific services or transactions beyond banking activities. These are levied on an incidental basis and are linked to the nature of services rendered. The incidental charges in PNB Bank include the issuance of duplicate statements, stop payment requests, balance certificates etc.
Account Maintenance Charges
These PNB Bank Charges for maintaining a bank account which depend on the type of account and the average monthly balance stipulations.
The bank collects charges for various transactions like issuing demand drafts, funds transfer through various modes, cheque book issuance charges beyond the free limit, forex outward and inward remittance charges, etc.
Fees associated with ATM services, including non-PNB ATM usage fees, exceeding free transaction limits, or ATM card replacement charges.
Non-Maintenance of Minimum Balance
Charges incurred if the account balance falls below the minimum required amount specified by the bank.
Foreign Exchange Charges
Charges related to foreign currency conversions, international remittances, or using debit/credit cards for overseas transactions.
SMS/Email Alert Charges
Charges for availing SMS or email alerts regarding account activities or transactions.
Net Banking Charges
PNB Net Banking Charges are not applicable for Internet Banking registration. However, any request for a duplicate password will attract charges of Rs. 50/- per event if the request is through bank branches. The Bank also collects charges for using Internet banking facilities for funds transfer through NEFT/RTGS/IMPS.
Avoiding PNB Bank Charges is the key to the growth of your savings. Here are some tips you can follow and avoid the charges as far as possible.
- Maintain a minimum balance in your PNB account to avoid non-maintenance charges.
- Be mindful of your account’s overdraft limit and ensure you stay within it to avoid exceeding overdraft charges.
- Regularly review your account statements to identify and rectify any discrepancies or unauthorised transactions promptly.
- Opt for electronic statements instead of paper statements to avoid charges associated with paper statement issuance.
- Utilise PNB’s online banking services for transactions, fund transfers, and bill payments to minimise transaction charges.
- Plan your cash withdrawals and use PNB ATMs to avoid charges for non-PNB ATM usage or exceeding monthly withdrawal limits.
- Take advantage of free SMS or email alerts provided by PNB to stay updated on your account activities and avoid unexpected charges.
- Avoid bouncing checks by ensuring sufficient funds are available in your account before issuing them, as not sufficient funds charges can be costly.
- Plan your foreign currency needs and consider using PNB’s competitive foreign exchange services to reduce foreign transaction charges.
- Communicate with PNB’s customer service representatives to understand the various charges and seek guidance on how to minimise them.
PNB Bank does not collect any charges for 5 transactions done using Bank’s ATM and 3 transactions through Non-PNB ATMs located in Metro areas and 5 transactions for Non-PNB ATMs located in non-Metro areas. Beyond the free limit PNB ATM charges are applicable for both Bank ATMs and Non-PNB Bank ATMs. The details of the charges are given below:
|Transactions (both financial and non-financial transactions) beyond the limit at PNB Bank ATMs||Rs. 10 + GST per transaction|
|For Card Usage at Non-PNB ATMs Cash withdrawal (Financial Transactions) done beyond the limit Balance Enquiry (Non-financial Transactions) beyond the limit||Rs. 21 + GST Rs. 9 + GST|
Customers of PNB Bank have to pay locker charges annually for availing of the safe deposit locker facilities. The charges are linked to the location as well as the size of the locker. The list of Locker Charges in PNB is given below:
|Locker Size||Urban/Metro Branches||Semi-Urban/Rural Branches|
|Small||Rs. 2000||Rs. 1250|
|Medium||Rs. 3500||Rs. 2500|
|Large||Rs. 5500||Rs. 3000|
|Very Large||Rs. 8000||Rs. 6000|
|Extra Large||Rs. 10000||Rs. 10000|
PNB Bank customers incur charges for funds transfer through NEFT routed through online modes as well as PNB Bank branches. SB account holders are not charged for NEFT transactions routed through online channels. The slab rates for online and offline transactions are different and the details are given below:
|Transaction Amount||Through Internet Banking/Mobile Banking||Through Branch|
|Up to Rs. 10000||Rs.1.75 + GST||Rs. 2.25 + GST|
|Above Rs. 10000 up to Rs. 1.00 lac||Rs. 4.25 + GST||Rs. 4.75 + GST|
|Above Rs. 1.00 lac up to Rs. 2.00 lacs||Rs. 14.25 + GST||Rs. 14.75 + GST|
|Above Rs. 2.00 lacs||Rs. 24.25 + GST||Rs. 24.75 + GST|
The details of PNB RTGS Charges for funds transferred above Rs. 2.00 lacs through electronic mode are given below.
|Transaction Amount||Through Branch||Through Online Channels|
|Rs. 2.00 lacs to Rs. 5.00 lacs||Rs. 24.50 + GST||Rs. 24 + GST|
|Above Rs. 5.00 lacs||Rs. 49.50 + GST||Rs. 49 + GST|
The PNB Bank IMPS Charges details are as given below:
|Transaction Amount||Through Branch||Through Online Channels|
|Up to Rs. 1000||Nil||Nil|
|Rs. 1001 Rs. 1.00 lac||Rs. 6 + GST||Rs. 5 + GST|
|Rs. 1.00 to Rs. 5.00 lacs||Rs. 12 + GST||Rs. 10+ GST|
PNB Charges : FAQs
The non-maintenance of minimum balance charges in PNB for Current Accounts is Rs. 400 per quarter in Semi-Urban and Rural branches and Rs. per quarter in Urban and Metro branches. For SB accounts the charges depend on the percentage of minimum balance shortfall.
The bank does not collect any charges if the account is closed within 14 days from the date of opening. If the account is closed after 14 days but within 12 months of opening the account Rs. 800. No charges will be collected if the account is closed after 12 months of opening.
Yes. The bank allows 12 locker operations in a year free of cost. Beyond the limit, Locker Charges in PNB will be RS. 100 + GST per visit.
For SB account holders the charges will be collected beyond 50 debit entries in the account at Rs. 10 per additional entry. For CA holders, the charges will be Rs. 2/- per entry with a minimum of Rs. 100 and a maximum of Rs. 1000/-.
SB account holders in PNB Bank are given one cheque book with 20 leaves free per financial year.
The official website of PNB is https://www.pnbindia.in/.