Under the PNB Smart Banking Current Account scheme there are many attractive features, privileges, flexibility and wider choice of variations to cater to various banking needs for any kind of business activity.
Basically its coming (with or without sweep facility)
Features
| Minimum Quarterly Average Balance(QAB) | PNB Silver : Rs 10,000 PNB Gold : Rs 2,00,000 PNB Diamond : Rs 5,00,000 PNB Platinum : Rs 10,00,000 |
| Initial Deposit | Rs 5000 |
| Non-maintenance of QAB charges | PNB Silver : Rs 150 PNB Gold : Rs 600 PNB Diamond : Rs 1500 PNB Platinum : Rs 3000 |
| Minimum balance for Sweep in and out | Rs 10,00,000 |
| Sweep in and out in multiples of | Rs 50,000 |
| Tenure for Term Deposit | 15 – 91 days. The amount is swept out on 5th and 20th of every month(if there is holiday on these days, the next working day) |
| RTGS/NEFT Charges | Free |
| Free Cheque Books | You receive free cheque leaves per quarter in a year PNB Silver : 100 PNB Gold : 200 PNB Diamond : 300 PNB Platinum : 600 |
| Concession in Cash Deposit Charges Base Branch | PNB Silver : Up to Rs 2 lac per day free, afterwards applicable charges are charged. PNB Gold : Up to Rs 5 lac per day free, afterward applicable charges are charged. PNB Diamond : Up to Rs 5 lac per day free, afterward applicable charges are charged. PNB Platinum : Up to Rs 10 lacs per day free, afterward applicable charges are charged. |
| Local/Outstation Non-Base Branch | PNB Silver : Up to Rs 50,000 per day free, afterwards applicable charges are charged. PNB Gold : Up to Rs 1 lac per day free, afterward applicable charges are charged. PNB Diamond : Up to Rs 2 lac per day free, afterward applicable charges are charged. PNB Platinum : Up to Rs 10 lacs per day free, afterward applicable charges are charged. |
| Concession in Cash withdrawal charges | Free |
| PNB Fee portal and payfee | Free |
* for more details and confirmation on this scheme please check out Punjab National Bank website (www.pnbindia.in).
Terms and Condition
- It depends on the customer if he/she wants sweep facility at the time of opening the account.
- The attractive concessions are valid only if the QAB is maintained in the previous quarter.
- If you opt for the lower variant an amount of Rs 500 will be charged. There are no charges applicable for upgrading the charges. The change in QAB to lower to higher is only allowed at the end of the quarter.
- Corporate/Individuals i.e. Proprietors, Partners, Promoters and Directors etc are provided with credit cards on the basis of 3 months satisfactory conduct of the account.
- The customer is provided with a flexible time period of 15 to 91 days. No interest is paid if the Fixed Deposit under sweep runs less than 15 days
- the FFD total amount (principal and interest) is credited on due date or on premature cancellation in the related current account.