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PNB Slashes Interest Rates On Savings Accounts: Check Latest Rates Here

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The public sector bank Punjab National Bank (PNB) has lowered interest rates on savings account deposits. The bank has stated that the interest rate on savings account deposits has been reduced by 10 basis points (bps) for balances of less than Rs. 10 lakh and by 5 basis points (bps) for balances of Rs. 10 lakh and above from the earlier rate of 2.90% respectively. From December 1, 2021, the revised Domestic and NRI Savings Account Interest Rates will apply to both existing and new savings account customers.

 
PNB Slashes Interest Rates On Savings Accounts: Check Latest Rates Here

PNB Savings Account Interest Rates

From December 1, 2021, the bank will pay an interest rate of 2.80 percent p.a. on Saving Fund Account Balance of less than Rs. 10 lakh, and 2.85 percent p.a. on Saving Fund Account Balance of more than Rs. 10 lakh.

Deposit balanceRate Of Interest
Saving Fund Account Balance below Rs. 10 Lakh2.80% p.a.
Saving Fund Account Balance of Rs. 10 Lakh & above2.85% p.a.
Source: Bank Website. W.E.F. 1st December 2021

PNB Savings Account Cash Withdrawal Rules

Customers may choose from three different sorts of debit cards from PNB: Platinum, Classic, and Gold. The cash withdrawal limit per day on PNB Platinum debit card is Rs 50,000, the daily cash withdrawal limit on PNB Classic debit card is Rs 25,000 and the daily cash withdrawal limit on PNB gold debit card is Rs 50,000, according to the official website of the bank.

Platinum

CASH WITHDRAW LIMIT PER DAY50000
CASH WITHDRAW LIMIT ONE TIME20000
ECOM/POS CONSOLIDATED LIMIT125000

CLASSIC

Personalized and non-personalised debit cards can be provided with the following withdrawal limitations, according to the bank:

CASH WITHDRAW LIMIT PER DAY25000
CASH WITHDRAW LIMIT ONE TIME20000
ECOM/POS CONSOLIDATED LIMIT60000

Gold
Personalised and non-personalised debit cards can be provided with the following withdrawal limitations, according to the bank:

CASH WITHDRAW LIMIT PER DAY50000
CASH WITHDRAW LIMIT ONE TIME20000
ECOM/POS CONSOLIDATED LIMIT125000

Story first published: Monday, November 8, 2021, 15:14 [IST]
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