PNB Savings Accounts
Punjab National Bank (PNB), a trusted name in Indian banking, offers a diverse range of Savings Accounts to cater to your individual financial needs and goals. Whether you prioritize high interest rates, convenient digital access, or specific benefits, PNB has an account designed for you.
Features and Services of PNB Savings Account
Variety of Account Options: PNB provides a variety of savings accounts, catering to different customer segments, including regular savings accounts, premium savings accounts, salary accounts, and specialized accounts for students, senior citizens, and women.
Convenient Banking Services: Access a wide array of banking services such as online banking, mobile banking, phone banking, and SMS banking for seamless account management and transactions.
Competitive Interest Rates: Enjoy attractive interest rates on your savings balance, ensuring steady growth of your funds over time.
Debit Card Facilities: Receive a complimentary debit card with your savings account for convenient ATM withdrawals, online purchases, and other transactions.
Customer Support: Benefit from dedicated customer service to address inquiries and resolve issues promptly.
Types of PNB Savings Accounts
- Savings Account: Enjoy flexible features like unlimited cash withdrawals at PNB ATMs and multi-city ‘at par’ cheques, with a minimum balance requirement starting from ₹1,000 (rural) to ₹2,000 (urban/metro).
- Secured Saving Scheme: Earn higher interest rates (up to 7.25%) with a fixed deposit linked to your account and enjoy a maturity period of 1-5 years.
- Super Savings Account: Earn even higher interest rates (up to 4.00%) with a minimum balance requirement of ₹25,000 and benefit from personalized banking services.
- Pehla Kadam Savings Account: Start your child’s financial journey with a joint account for minors, enjoying attractive interest rates and promoting financial literacy from a young age.
- Freedom Savings Account: Designed for students with zero balance requirement and features like educational goal planning tools.
- NRI Savings Account: Manage your finances conveniently if you live abroad with dedicated NRI features and benefits.
PNB savings account minimum balance and Interest rates
| Account Type | Minimum Balance (₹) | Interest Rate (%) |
|---|---|---|
| Savings Account | 1,000 (rural), 2,000 (urban/metro) | Up to 3.50 |
| Secured Saving Scheme | Varies based on deposit amount & period | Up to 7.25 |
| Super Savings Account | 25,000 | Up to 4.00 |
| Pehla Kadam Savings Account | 0 | 3.00 |
| Freedom Savings Account | 0 | 3.00 |
| NRI Savings Account | Varies based on account type | Varies based on account type |
PNB Savings Account charges
| Transaction Type | Charges |
|---|---|
| ATM Withdrawal | Rs. 20 per transaction |
| Cheque Book Issuance | First Cheque Book Free, Subsequent Charges Apply |
| NEFT/RTGS Transactions | Charges Apply |
How to Open a YES Bank Savings Account:
1. Online Account Opening:
- Fast and easy: Open your account in minutes from the comfort of your home.
- Eligible accounts: Most PNB Savings Accounts, excluding those requiring specific documentation (e.g., NRI account).
- Process:
- Visit the PNB website (
https://www.pnbindia.in/en/): - Click on “New to PNB? Open Your Account Online”.
- Select your preferred account type.
- Complete the online application form with your details.
- Provide Aadhaar authentication and video KYC verification.
- Fund your account with the minimum balance through online transfer or debit card.
- Your account will be activated within a short period.
- Visit the PNB website (
2. Branch Account Opening:
- Personalized assistance: Receive expert guidance and support from bank representatives.
- Suitable for: Preferring personal interaction, requiring specific account types, or lacking online access.
- Process:
- Visit a PNB branch near you.
- Discuss your needs with a representative.
- Choose the suitable account type.
- Submit the required documents (identity proof, address proof, KYC documents).
- Fill out the physical application form.
- Fund your account with the minimum balance through cash, cheque, or debit card.
- Your account will be activated within a short period.
General Requirements:
- Be of legal age (18 years or above).
- Have a valid identity proof and address proof.
- Possess KYC documents as per government regulations.
- Complete the application form accurately.
- Fund your account with the minimum balance.