Product Details
Bank Name
Punjab National Bank
Account Name
PNB Secured Saving Scheme
Account Type
Savings 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
Annual Maintenance Fees
0
Minimum Account Balance
Quarterly Average Balance: Rural: Rs. 500, Semi-Urban: Rs. 1000, Urban & Metro: Rs. 2000.
Debit Card Charges
Free for the first year.
NEFT Charges
Free if done through net banking/mobile banking.
IMPS Charges
Free if done through net banking/mobile banking.
Fees and Charges
PNB Secured Saving Scheme
Special Features
Users will get a Term Plan with Return of Premium Option (TROP) at a low premium.
Free debit card.
Eligibility Criteria
An individual falling in age group between 18 years to 50 years.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
No charges for NEFT/IMPS transactions.
Free Rupay Platinum debit card.
One chequebook of 25 leaves free in a financial year.
Cons
Low interest rates.
PNB Secured Saving Scheme
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
Product Review
Account Opening and Procedure
How to open an Account?
Here's how to open a PNB Secured Saving Scheme:
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.