PNB service fees: PNB is increasing the fees for these banking services from January 15: see details here

The Punjab National Bank (PNB) has increased the fees for various services relating to general banking operations effective January 15, 2022.

According to the revised tariff, available on the PNB website, the limit for not maintaining the Quarterly Average Balance (QAB) in the metropolitan area has been increased to Rs 10,000 from the existing Rs 5,000. Charges for not maintaining the minimum balance have been raised to Rs 400 per quarter against Rs 200 in rural and semi-urban areas. It went from Rs 300 to Rs 600 for urban and metropolitan areas. (This will be billed quarterly.)

Locker fees have been increased for all sectors and for all types of lockers, except for extra large lockers. In urban and metropolitan areas, locker fees have been increased by Rs 500.



Previously, the number of locker visits per year was set at 15 free visits per year; thereafter, a fee of Rs 100 per visit was levied. From January 15, 2021, the number of free visits per year will be reduced to 12; thereafter, Rs100 per visit will be charged.



Source: PNB website

According to the latest tariff, current accounts closed after 14 days but within 12 months of opening will be charged Rs 800 from Rs 600. While accounts closed after 12 months are not charged.

In a separate notification on the PNB website, the bank said that from February 1, 2022, the charge back on NACH debit will be Rs 250 per transaction instead of Rs 100 per transaction.


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