Product Details
Bank Name
Punjab National Bank
Account Name
PNB Salary Account (Silver 25)
Account Type
Salary account
Interest Rate
Upto 10 lakh-2.70% and above 10 lakh 2.75%.
Free Debit Card
RuPay Platinum Debit Card
Account Opening Fees
0
Debit Card Charges
Free for the first year.
Annual Maintenance Fees
0
NEFT Charges
Free if done through net banking/mobile banking.
Minimum Account Balance
Gross Salary per Month: Rs.10,000 to Rs.25,000.
IMPS Charges
Free if done through net banking/mobile banking.
Fees and Charges of
PNB Salary Account (Silver 25)
PNB Salary Account (Silver 25)
Special Features
An optional sweep facility is also available.
One chequebook of 40 leaves free in a financial year.
50% discount on the demat account fee.
50% discount on documentation & processing charges on housing, car & personal loan.
25% discount on locker rent for the first year.
Users can get a lifetime free RuPay Platinum credit card.
Eligibility Criteria
Employees of central/state Govt./PSU/ Govt.-semi Govt. Corporation/MNCs/ Corporate/ Educational Institutions/ Any other Institutions (regular as well as contractual employee)
Benefits
Features, Eligibility and Benefits of
PNB Salary Account (Silver 25)
Pros & Cons of
Pros
No minimum quarterly average balance is required.
Optional sweep facility is also available.
Personal Accidental Insurance (PAI) cover of Rs. 30 lakh.
One chequebook of 40 leaves free in a financial year.
50% discount on the demat account fee.
50% discount on documentation & processing charges on housing, car & personal loan.
25% discount on locker rent for the first year.
Cons
Low interest rates.
PNB Salary Account (Silver 25)
PNB Salary Account (Silver 25) Review
The account comes with low interest rate and offers average 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
Review of
PNB Salary Account (Silver 25)
Account Opening and Procedure of
How to open an Account?
Opening a PNB Salary Account
Typically, opening a PNB Salary Account is initiated by your employer. Here's a general overview:
1. Employer's Role:
Agreement with PNB: Your employer will need to establish an agreement with Punjab National Bank (PNB) for salary disbursement.
Employee Information: PNB will require your employer to provide necessary employee details, including names, contact information, and employment details.
2. Employee's Role:
Minimal Involvement: Once the agreement is in place, employees usually have minimal involvement in the account opening process.
Salary Disbursement: Your salary will be directly credited to your designated PNB Salary Account.
Access to Banking Services: You'll gain access to various banking services, including ATM withdrawals, online banking, and mobile banking.