The Punjab National Bank (PNB) Total Freedom Saving Fund Salary Account is an attractive option for corporate employees. They can get their salary credited into the account as well as avail an overdraft facility of up to Rs.50,000 or the last salary amount that is credited in the account, whichever is lower. The interest rate levied is as applicable to personal loans and adjusted in the next 6 months from the next salary credit.
The following criteria must be fulfilled in order to be eligible for the PNB Total Freedom Saving Fund Salary Account:
The important features and benefits of the savings account are:
The following documents are required to open a Punjab National Bank Total Freedom Saving Fund Salary Account:
You can open a PNB Total Freedom Saving Fund Salary Account by filling in an online application form and submitting it online. You can make the application online at the Punjab National Bank’s registered website. You can also visit a PNB bank branch and fill the account opening form at the branch.
Charges | Fee |
Issuance of duplicate demand drafts |
|
Demand draft cancellation charge | Up to Rs.1,000 - Rs.20/draft Above Rs.1,000 - Rs.100/draft |
Demand draft revalidation | Rs.100 |
Passbook issuance | Nil |
Balance enquiry | Nil |
IMPS charges | Rs.5 per transaction plus service tax |
Registration fee for standing instruction | Rs.50 |
Execution of standing instruction | Rs35 + Remittance Charges+ Out of pocket expenses |
Charges for issuing add-on card | Rs.50 per card |
Charges for issue of duplicate ATM PIN | Rs.25 |
Issue of ATM/Debit Card with photograph of the cardholder | Rs.25 |
Collection of local cheques through clearing | Nil |
Collection of cheques through non-base outstation branches | Nil |
Presenting cheques at outstation branches through inward clearing | Nil |
Account closure charges | Rs.100 if the customer closes the account within 1 year of its opening |
NEFT charges:
The following charges are levied by PNB on NEFT transactions made by the accountholder:
Transaction amount | Charges |
Up to Rs.10,000 | Rs.2.50 + Service Tax |
Rs.10,001 – Rs.1 lakh | Rs.5 + Service Tax |
Rs.1,00,001 – Rs.2 lakh | Rs.15 + Service Tax |
Above Rs.2 lakh | Rs.25 + Service Tax |
Inward NEFT transactions are free.
RTGS charges:
Given below are the charges that customers need to pay for RTGS transactions as per time varying tariff on outward RTGS transactions:
Time of transaction | Time based tariff per transaction | RTGS charges | |
Rs.2 lakh to Rs.5 lakh | Above Rs.5 lakh | ||
08:00 to 11:00 | Nil | Rs.25 + Service Tax | Rs.50 + Service Tax |
11:00 to 13:00 | Rs.2 | Rs.27 + Service Tax | Rs.52 + Service Tax |
13:00 to 16:30 | Rs.5 | Rs.30 + Service Tax | Rs.55 + Service Tax |
After 16:30 | Rs.10 | Rs.30 + Service Tax | Rs.55 + Service Tax |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
Yes the bank charges Rs.50 for issuing an add-on card to your account.
This is a salary account and therefore does not require a minimum balance to be maintained.
No, the bank provides statement of accounts for free.
Yes, you are required to pay Rs.15 + Service Tax per quarter in order to avail the SMS alert facility.
No, inward NEFT charges are free for accountholders of PNB BSBDA.
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