Product Details
Bank Name
Punjab National Bank
Account Name
PNB Basic Saving Bank Deposit Account
Account Type
Saving account
Interest Rate
Upto 10 lakh-2.70% and above 10 lakh 2.75 %
Free Debit Card
Yes
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
NIL
NEFT Charges
Free if done through net banking/mobile banking.
IMPS Charges
Free if done through net banking/mobile banking.
Fees and Charges
PNB Basic Saving Bank Deposit Account
Special Features
Zero balance account.
Eligibility Criteria
The saving fund account may be opened by an individual singly or jointly, minors of the age of 10 years and above, and minors under natural/legal guardianship. An illiterate or a visually impaired person is also eligible to open saving fund account under the scheme with usual safeguards.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Zero balance account,
Free chequebook having 10 leaves.
No charges on NEFT/IMPS transactions.
Cons
Low interest rate.
PNB Basic Saving Bank Deposit Account
The account comes with low interest rate and offers minimal value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Visit a PNB Branch: Locate the nearest PNB branch to you.
Required Documents:
Proof of Identity: Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License.Proof of Address: Aadhaar Card, Passport, Voter ID, Driving License, or utility bills.
Photographs: Two recent passport-sized photographs.Account Opening Form: Obtain an account opening form from the bank representative. Fill in the form accurately and completely with all the required details.
Submit Documents and Open Account: Submit the completed form and all the required documents to the bank representative. The bank representative will guide you through the account opening process.