For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Get 25% Off On Demat Account, Free NEFT & More With This Savings Account

|

Punjab National Bank has announced a slew of benefits on its PNB Power Savings Account for women customers who want more than just interest rates on their savings accounts. These include free accidental death insurance coverage of up to Rs 5 lakhs, a 25% discount on Demat accounts, free NEFT, and much more. PNB has announced on its Twitter account saying "This Navratri, as you get ready to rejoice, don't forget to save your power in PNB Power Savings." A resident individual woman can open this savings account, and a joint account can also be opened under the scheme to avail sweep facility and attractive discounts or giveaways.

 

Key benefits of PNB Power Savings - PNB SF Fund Account For Women

Key benefits of PNB Power Savings - PNB SF Fund Account For Women

  • In rural areas, a minimum Quarterly Average Balance of Rs.500/- is required, whereas in other regions, Rs.1000/- is mandated.
  • An initial deposit of Rs 500 is required in rural areas, Rs 1000 in semi-urban areas, and Rs 2000 in urban or metro areas.
  • Non-compliance with the quarterly average balance will result in applicable charges.
  • Cheque leaves are free with a limit of 50 per year.
  • Free NEFT services
  • Demand drafts are issued with one free draft each month up to Rs.10,000/-.
  • For the first year only, there is a 25% discount on locker rental.
  • There are no documentation charges for housing loans, vehicle loans (two-wheelers/cars), or personal loans.
  • 25% rebate on opening a demat account.
  • Issuance of free Platinum Debit Card
  • A daily cash withdrawal of Rs 50,000 from a domestic ATM is allowed.
  • A daily domestic shopping threshold of Rs 1.25 lac is set at the point of sale.
  • Accidental death insurance of up to Rs 5 lakhs is provided for free.
  • No charges on SMS alert, signature attestation, and issuing duplicate pass book, interest certificate, balance certificate.
Reward point benefits for women
 

Reward point benefits for women

If you make a transaction using internet banking or mobile banking with a minimum Quarterly Average Balance of Rs 5000, you will be eligible for the additional rewards points stated below.

TransactionReward Points For WomenProposed Maximum Point For Women
First txn through IBS50One time only
NEFT5 per transaction (Max 20 per day)100 points per month
RTGS5 per transaction (Max 20 per day)100 points per month
IMPS5 per transaction (Max 20 per day)100 points per month
Bill payment5 per transaction (Max 20 per day)100 points per month
Govt payments20 per transactionFor all transactions
IRCTC10 per transaction50 points per month
Credit card payment10 per transaction50 points per month
Opening online FD/RD50For all transactions
Regd for Statement through mail40 per accountOne time
For transactions done through internet banking
TransactionReward Points For WomenMaximum Points
First txn through IBS50One time only
NEFT5 per transaction (Max 20 per day)100 points per month
RTGS5 per transaction (Max 20 per day)100 points per month
IMPS5 per transaction (Max 20 per day)100 points per month
Bill payment5 per transaction (Max 20 per day)100 points per month
For transactions done through mobile banking. Source: Bank Website

PNB Savings Account Interest Rates

PNB Savings Account Interest Rates

Punjab National Bank (PNB) is offering a 2.90 percent p.a. interest rate on domestic and NRI savings accounts, which is applicable to all current and new savings accounts. From September 1, 2021, the latest interest rate is in effect. This interest rate is applicable to savings account balances of less than Rs. 100 crore and also more than Rs. 100 crore.

Domestic & NRI Saving Account Interest Rates : (W.E.F. 1st September 2021)Rate Of Interest
Applicable to all the (existing as well as new) Savings Fund Accounts2.90% p.a.
Source: Bank Website

Story first published: Wednesday, October 20, 2021, 18:25 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X