PNB DD Charges

Punjab National Bank (PNB) has been an active financial organization which has played a significant role in the Indian banking sector. With the availability of savings account options to facilities such as internet banking, all of PNB’s services are targeted at offering convenience to its customers.

Interestingly, the bank offers a variety of fund transfer options, ranging from standard methods such as cheque and demand draft (DD) payments to online money transfer. However, presently a majority of customers prefer online fund transfer methods because they are quick and require nil or minimum charges as opposed to DD and cheque that might attract higher charges.

What is a Demand Draft

A demand draft is a negotiable instrument issued by the bank on behalf of the drawer. The instrument directs another bank or branch to pay a specific sum of money stated in the draft to the payee (beneficiary). Unlike cheques, demand drafts are pre-paid instruments. The drawer has to first transfer money to the bank to issue a demand draft. This unique feature of demand drafts makes them a safer fund transfer option.

PNB DD Charges

Charges for Issuances of DD or Local DD:

• Drafts valued up to Rs. 10,000: Rs. 40 for non-individuals, Rs. 35 for individual customers belonging to semi-urban, urban and metro branches and Rs. 30 for individual customers belonging to rural branches, pensioners and senior citizens.
• Draft value more than Rs. 10,000: Rs. 4 for every Rs. 1,000 subject to a minimum of Rs. 50 and maximum of Rs. 12,000 (non-individuals), INR .3.50 for every Rs. 1,000 subject to a minimum of Rs. 40 and maximum of Rs. 12,000 (concerning individual customers belonging to semi-urban, urban as well as metro branches) and Rs. 3.00 for every Rs. 1,000 subject to a minimum of Rs. 30 and maximum of Rs. 12,000 (concerned with individual customers belonging to rural branches, pensioners and senior citizens).

Revalidation Charges of Demand Draft

Charges: Rs. 100

Cancellation Charges for Demand Draft

• Draft up to Rs. 1,000: Rs. 20 per draft
• Draft valued more than Rs. 1,000: Rs. 100 per draft

Duplicate Demand Draft Issuance

Drafts valued up to Rs. 10,000: Rs. 100

Drafts valued between Rs. 10,001 to Rs. 1,00,000: Rs. 125

Draft valued above Rs. 1,00,000: Rs. 150

Another important service offered by Punjab National Bank is Internet Banking which has made banking a lot easier for the customers. Let us learn more about it.

PNB Internet Banking

Punjab National Bank provides online banking facility to its customers so that they can use different banking services anytime and anywhere. Net banking services can be accessed from home, office etc., thus making banking a simplistic task in this modern world. Some of the primary services which can be managed online include account opening, payment of credit card, payment of utility bill and much more. Above all, Punjab National Bank further delivers its services to NRI customers as well.

Important Services Available via Internet Banking

1. Account Statement – The customer can view his/her account statement which offers a clear picture about all the transaction accessed from the account. This statement can be easily received online.
2. Self-Account Fund Transfer – Self-transfers are possible with the internet banking service. Under this option, you can relocate funds to your PNB account directly from another account managed with a different bank.
3. Third Party Fund Transfer–PNB customer can relocate funds to different bank accounts without any hindrance or difficulty. This can be easily managed via NEFT, IMPS and RTGS.