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Product Details
Bank Name

Punjab National Bank

Account Name

PNB Salary Account (Titanium)

Account Type

Salary account

Interest Rate

Upto 10 lakh-2.70% and above 10 lakh 2.75%.

Free Debit Card

RuPay Select Debit Card

PNB Salary Account (Titanium)
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

Gross Salary per Month: Rs. 200001 & above

Debit Card Charges

Lifetime free

NEFT Charges

Free if done through net banking/mobile banking.

IMPS Charges

Free if done through net banking/mobile banking.

Fees and Charges

PNB Salary Account (Titanium)

0
Special Features
  • An optional sweep facility is also available.

  • One chequebook with unlimited leaves will be provided free in a financial year.

  • No charges on the demat account.

  • 100% discount on documentation & processing charges on housing, car & personal loan.

  • 100% discount on locker rent for the first year.

  • Users can get a lifetime free RuPay Select 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
Pros & Cons
Pros
  • No minimum quarterly average balance is required.

  • Optional sweep facility is also available.

  • Personal Accidental Insurance (PAI) cover of Rs. 50 lakh.

  • One chequebook with unlimited leaves, free in a financial year.

  • No charges on the demat account fee.

  • 100% discount on documentation & processing charges on housing, car & personal loan.

  • 100% discount on locker rent for the first year.

Cons
  • Low interest rates.

PNB Salary Account (Titanium)

The account offers quite low interest rate. However, the account comes loaded with a number of 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?

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.

Application Procedure
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