PNB Current Account

The account can be opened by depositing a small amount and the users can avail added benefits like free cash withdrawal from base branch, free fund transfer, free 100 cheque leaves per quarter and more.

Primary Features	Charges
Minimum Average Quarterly Balance (AQB)	Initial deposit: Rs.5000 (Rs.1 lakh AQB to be maintained)
Non-maintenance of AQB	Rs.500 (for balance below Rs.1 lakh)
Cheque Leaves	100 cheque leaves free per quarter
Cash Deposit Charges (Base Branch)	Up to Rs.2 lakh per day free
Cash Deposit Charges (Non-Base Branch)	Up to Rs.50,000 per day free
Cash Withdrawal Charges (Base Branch)	Free
Issue of Free DD per quarter	5 nos
NEFT / RTGS	Free
Account Statements	Fortnightly free
Stop Payment instruction charges	Waived

With this account variant, the users get the added advantage of 200 free cheque leaves per quarter, free fund transfer facility and waiver of stop payment instruction charges and more.

Primary Features	Charges
Minimum Average Quarterly Balance (AQB)	Rs.2 lakh
Non-maintenance of AQB	Rs.1000
Cheque Leaves	200 cheque leaves free per quarter
Cash Deposit Charges (Base Branch)	Up to Rs.5 lakh per day free
Cash Deposit Charges (Non-Base Branch)	Up to Rs.1 lakh per day free
Cash Withdrawal Charges (Base Branch)	Free
Issue of Free DD per quarter	10 nos
NEFT / RTGS	Free
Account Statements	Fortnightly free
Stop Payment instruction charges	Waived

The customers have the facility of free fund transfer from one bank to another, free 15 DD per quarter and free cash deposit limit of up to Rs.5 lakh per day and more.

Primary Features	Charges
Minimum Average Quarterly Balance (AQB)	Rs.5 lakh
Non-maintenance of AQB	Rs.2000
Cheque Leaves	300 cheque leaves free per quarter
Cash Deposit Charges (Base Branch)	Up to Rs.5 lakh per day free
Cash Deposit Charges (Non-Base Branch)	Up to Rs.2 lakh per day free
Cash Withdrawal Charges (Base Branch)	Free
Issue of Free DD per quarter	15 nos
NEFT / RTGS	Free
Account Statements	Weekly free
Stop Payment instruction charges	Waived

This account variant provides users with the added advantage of free cash withdrawal from base branch, 600 cheque leaves free per quarter, free 30 DD, free fund transfer, free account statement and more.

Primary Features	Charges
Minimum Average Quarterly Balance (AQB)	Rs.10 lakh
Non-maintenance of AQB	Rs.4000
Cheque Leaves	600 cheque leaves free per quarter
Cash Deposit Charges (Base Branch)	Up to Rs.10 lakh per day free
Cash Deposit Charges (Non-Base Branch)	Up to Rs.10 lakh per day free
Cash Withdrawal Charges (Base Branch)	Free
Issue of Free DD per quarter	30 nos
NEFT / RTGS	Free
Account Statements	Free
Stop Payment instruction charges	Waived

The major advantages of opening a current account in PNB are listed below:

• The bank has a wide network of ATMs (9838) at the customer’s service 24×7
• Free internet and mobile banking facility
• Instant and fast remittance of funds via NEFT / RTGS
• Acceptance of Standing Instructions and Collection of Cheques
• Free ATM cum debit card (for individuals / sole proprietor account)
• Computerized large network of more than 6968 service outlets across the country

The below mentioned entities are eligible for PNB Current Account opening. It is to be noted that the nomination facility is available to eligible people as per the bank’s rule.

1. Individuals
2. Joint Accounts
3. Sole proprietary concerns
4. Partnership Firms
5. HUFs
6. Companies
7. Association of persons
8. Society
9. Trusts
10. Body Co-operatives
11. Charitable and other instructions

To open a current account in Punjab National Bank, the user needs to visit the nearest PNB Branch and fill the current account opening form. Also, the users can find the PNB Current Account opening form online, at the bank’s official website. Follow the below mentioned steps for Current Account opening:

Step 1: Visit the nearest Punjab National Bank Branch.

Step 2: Fill the PNB Current Account opening form with all the required details.

Step 3: Submit the duly filled form to the bank’s executive with all the required KYC acceptable documents.

The users can also download the account opening form online. Below listed are the steps to download PNB Current Account opening form online:

Step 1: Visit the official website of Punjab National Bank.

Step 2: Go to the “Download Forms” section available on the right sidebar of the homepage.

Step 3: In the newly opened page, Click on “Account opening form for Residents Indians (Single / Joint Accounts” to download the account opening form.

Step 4: Take a print out of the form and fill out the form with all the required details.

Step 5: Submit the duly filled form along with all the required KYC acceptable documents at the nearest bank branch.

Given below is the list of documents required for current account opening in Punjab National Bank:

List of Documents

Application (AOF) and Specimen Signatures Identity Proof and Address Proof (as per KYC norms) Photos Memorandum & Articles of Association, Certificate of  Incorporation, Board Resolution etc. (in case of Company) Related documents in case of Trust, Firms, HUF etc. Other related documents as per the guidelines of RBI

Q. What is the minimum balance for sweep-in and sweep-out facility provided by PNB Current Account?

A. The minimum balance requirement for sweep-in and sweep-out facility is Rs.10 lakh.

Q. What are the non-maintenance charges for PNB Diamond?

A. The non-maintenance charges for PNB Diamond Current Account is Rs.2000.

Q. Can one open Zero Balance Current Account in PNB?

A. No, the Punjab National Bank does not offer any zero balance current account to its users.

Q. Can an individual open a Current Account in Punjab National Bank?

A. Yes, individuals are eligible for PNB Current Account opening,  if they have proper KYC acceptable documents required by the bank.