PNB Bank Update: Important Alert for Customers! Avoid Automatic Deductions from Your Account, Know Details

Punjab National Bank (PNB) is the third-largest government bank in the country in terms of market capitalization. PNB also ranks among the largest government banks in India in terms of customers, with crores of customers and a strong network of thousands of branches. If you are a PNB customer, this news is for you.

Punjab National Bank offers various types of savings accounts to its customers. In addition to the basic savings account, you can also open a PNB Unnati Saving Fund account. Moreover, PNB allows you to open a Prudent Sweep account.

Penalty for Not Maintaining Minimum Balance in PNB Accounts

Like other banks, Punjab National Bank (PNB) provides many services to its customers and charges service fees for these. In addition, PNB imposes penalties in certain cases. If you do not maintain the minimum balance in your savings account, PNB can deduct money directly from your account. Here’s what you need to know about the penalties for not maintaining the minimum balance.

Minimum Balance Requirements for Different Accounts

1. Basic Savings Account

For PNB’s basic savings accounts, there is no requirement to maintain a minimum balance.

2. PNB Prudent Sweep Account

For the PNB Prudent Sweep Account, you must maintain a minimum balance of Rs 25,000. Failing to do so will result in a penalty.

3. PNB Unnati Saving Fund Account

The minimum balance requirement varies depending on the location of the branch:

Rural Areas: Rs 500
Semi-Urban Areas: Rs 1,000
Urban and Metro Areas: Rs 2,000

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— Punjab National Bank (@pnbindia) January 30, 2025