PNB revises 5 savings bank account service charges; check latest charges applicable from October 1, 2024

Here is a look at the revised charges from October 1.

1. Charges per quarter for not maintaining minimum average balance-SBA

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Quarterly Average Balance Requirements

• Area QAB Rural Rs 500/-
• Semi Urban Rs 1000/-
• Urban & Metro Rs 2000/-

Minimum Monthly Average Balance (MAB)

• Rural Rs 500/-
• Semi Urban Rs 1000/-
• Urban & Metro Rs 2000/-

Charges Shortfall in QAB Rural

Shortfall inRuralSemi-Urban/QABUrbanMetroUp to 50%Rs50/-Rs 100/-Rs 150/-Above 50%Rs 100/-Rs 150/-Rs 250/-

Note that the bank is switching from maintenance of average balance from quarterly to monthly basis.

Charges to be directly proportional to the extent of shortfall

AreaMin. applicable ChargesMax. applicable Charges%age of shortf allRuralRs 1/-Rs 30/-6%Semi UrbanRs 1/-Rs 60/-6%Urban &Rs 1/-Rs 100/-5%

2. Issuance of Demand Draft

Existing charges

Up to Rs 10000Rs 50/-Above Rs 10,000/- toRs 4/- per thousand or part thereof, Minimum Rs 50/-Rs 1,00,000/-Above Rs 1,00,000/-Rs 5/- per thousand or part thereof, Minimum ₹600/-, Maximum ₹15,000/-Against tender of Cash (Below ₹50000/-)@50% of over and above normal charges (as mentioned above)

Revised charges

• 0.40% of DD amount, Minimum Rs 50/, Maximum Rs 15,000/-
• Against tender of Cash (Below Rs 50000/-): @50% of over and above normal charges (as mentioned above)

3. Issuance of Duplicate DD

Existing charges

Issuance of Duplicate DDRs 150/- perRevalidation of DDinstrumentCancellation of DDAgainst tender of Cash (Below ₹50000/-) for any mode of RemittanceRs 250/- per instrument

Revised chargesIssu Read more on economictimes.indiatimes.com