Punjab Nationwide Financial institution (PNB) has hiked the fees of varied companies provided by the financial institution, the lender has notified not too long ago. With impact from 15.01.2022, the public-sector lender goes to extend sure service expenses regarding common banking operations.
Right here is the checklist of all of the cost hikes by PNB:
Minimal stability requirement
The non-maintenance of the quarterly common stability (QAB) threshold within the metro area has been hiked to ₹10,000. Earlier, the edge restrict was ₹5,000.
Fees for not sustaining minimal stability within the account
The quarterly expenses for non-maintenance of minimal stability have been hiked to ₹400 in rural areas and ₹600 in city and metro areas, PMB stated on its web site.
Financial institution locker expenses
PNB has additionally hiked its locker rental expenses throughout rural, semi-urban (SU), city and metro areas. The locker expenses have been hiked in city areas by ₹500.
Financial institution locker free go to
With impact from January 15, 2021, the variety of free visits per yr can be diminished to 12; thereafter, ₹100 per go to can be charged. Earlier, the variety of locker visits per yr was set to fifteen free visits per yr.
Closure of Present accounts
The present accounts which are closed after 14 days of opening should pay ₹800 as a advantageous. Earlier, this was ₹600. Nonetheless, the accounts closed after 12 months won’t be charged something.
Transaction payment in saving accounts
Beginning 15 January, PNB will permit 3 free transactions per thirty days thereafter ₹50/- per transaction could be charged (besides via alternate channels reminiscent of BNA, ATM, and CDM), which isn’t relevant for Senior Citizen accounts.PNB has additionally elevated transaction charges in financial savings and present accounts. No matter base or non-base department, the financial institution is at present permitting 5 free transactions per thirty days thereafter ₹25/- per transaction is chargeable as a service cost (besides via alternate channels reminiscent of BNA, ATM, and CDM).
Money dealing with expenses
The financial institution has lowered its money deposit restrict additionally on each saving and present accounts. The free deposit restrict per day has been lowered to ₹1 lakh from the present ₹2 lakh, and above ₹1 lakh 10 paisa per piece could be charged from fifteenth January 2022 and are relevant on Each base & non-base branches, the PNB web site says.
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