PNB Savings Account

Last Updated : Feb. 7, 2025, 3:41 p.m.

PNB Bank was incorporated on 19th May 1894. The founders and board members of PNB bank had a vision to upscale the economic development in India. PNB Bank offers a wide variety of savings accounts depending on your needs as customers. PNB Bank also caters to a wide variety of customers needs by providing net banking facility, personalized cheque books and other benefits. In this article, we take a look at the benefits of PNB Bank Savings Account and their features and eligibility.

PNB Savings Account Interest Rates May 2026

Punjab National Bank offered competitive interest rates. Below are the savings account interest rates .

Types of PNB Savings Account

Let us take a look at the savings accounts PNB Bank offers and what are the features of each of them.

Basic Savings Bank Deposit Account

Eligibility: This account can be opted for individuals between the ages of 18 and 65 years.

Features: The initial deposit and minimum balance requirement is zero.

• Nomination can be done
• Chequebook available with 10 leaves per year
• Debit cards are issued by the bank
• Free Deposits at bank branches and also ATMs and CDMs.

PNB Junior SF Account

Eligibility: This account can be opted for by minors over the age of 10. A guardian can supervise the minor for account related tasks.

Features: This is a zero-balance account with no maintenance charges.

• 50 cheques per year available in chequebooks.
• Demand drafts are free of charge for school and college fees.
• Debit card and mobile banking with view view-only facility available.

PNB Prudent Sweep Accounts

Eligibility: This savings account can be opted for by any resident individual.

Features: Rs. 20,000 is the minimum quarterly balance.

• Non Maintenance charges of Rs. 400 are applicable per quarter.
• Sweep-in and also Sweep out facility can be utilised with a cut-off of Rs. 50,000.
• Internet Banking facility, ATM Card and Cheque book is provided.

PNB Arogya Saving Scheme

Eligibility: Resident individuals below the age of 60 can opt for this account.

Features: Insurance coverage

• Rupay classic debit card.
• A higher POS limit.

PNB Pratham Savings Account

Eligibility: Any resident individual above the age of 18 is eligible to opt for this savings account.

Features: Minimum Quarterly Average Balance of Rs. 1,00,00 is to be maintained

• A nomination facility can be availed.
• Cheque book and also passbooks are available.
• RTGS, NEFT and also IMPS is a paid option.
• 25% concession on Annual Charges of locker rent.

PNB Unnati Saving Fund Account

Eligibility: Any major resident can opt for this savings account.

Features: The following are the Minimum Quarterly Average Balance

• Rural: INR 500
• Semi-Urban: INR 1,000
• Urban: INR 2,000
• Metropolitan: INR 2,000
• 25 free personalized multi-city cheque leaves per annum.
• Free Internet banking and also easy inter-branch banking
• DICGC benefits insured up to Rs. 5 lakhs per customer.
• ATM Cum Debit card.
• RTGS/NEFT facility available.

PNB Saving Account Product for Premium Customers

Eligibility: This is one of the top accounts for high-net-worth individuals.

Features: Minimum Quarterly Average Balance (QAB): INR 50,000

Following are the Initial Deposit Amounts:

• Rural: INR 500
• Semi-Urban: INR 1,000
• Urban: INR 2,000
• Metropolitan: INR 2,000
• Free cash withdrawals and deposits.
• No charges on balance maintenance.
• Free RTGS and also NEFT.
• A debit card is issued.
• 20 cheque leaves per annum.

PNB My Salary Account

Eligibility: Any resident individual can opt for this account. There are 3 types of accounts.

• Silver: INR10,000 up to INR25,000 per month
• Gold: INR 25,001 up to INR75,000 per month
• Premium: INR75,001 up to INR 1,50,000 per month
• Platinum: INR1,50,001 and above per month

Features: This is a zero balance account

• Nomination Facility is provided.
• Overdraft Facility and also Sweep Facility are available.
• Personal Accident Cover is available to customers.
• Locker and chequebook available.
• Internet Banking and SMS alerts are available.

PNB Power Savings

Eligibility: This savings account is specially designed for women.

Features: Non Maintenance charges of (QAB): Applicable charges

• 50 cheque leaves available.
• NEFT is free of charge.
• Concession of 25% for DEMAT accounts.
• Platinum Debit Card are issues.

PNB Rakshak Scheme

Eligibility: This savings account is specially designed for defence personnel.

Features: Personal Accidental Cover in case of death Rs. 30 lakhs

• Air Accident Insurance cover in case of death Rs. 1 crore.
• Personal Accident cover if disables Rs. 30 lakhs.
• Overdraft and locker facilities are available.

PNB Savings Account Features & Benefits

Some of the unique features and benefits of a PNB savings account are -

• PNB offers various types of savings accounts with a zero balance requirement. For some accounts, the minimum balance depends upon the tier of the city you reside in.
• PNB offers many additional benefits other than competitive interest rates. It also provides debit and credit card facilities, free cheque leaves and insurance coverage.
• PNB bank provides an array of benefits such as RTGS/NEFT, mobile banking and internet banking to its customers on savings accounts.
• The eligibility criteria to open a savings account in PNB Bank are simple and hassle-free.

Documents Required for PNB Savings Account

Opening a savings account in PNB Bank will require customers to present a specific set of documents related to proof of identity and proof of residence. Some of the documents are as below:

Proof of Identity:

• Aadhar Card
• PAN Card
• Voter ID
• Passport
• Company ID Card in case of some companies.

Proof of Residence:

• Telephone Bill
• Electricity Bill
• Passport
• Ration Card
• ITR returns

You will also have to carry 2 additional photographs and other related documents if registering as a HUF, corporate etc.

PNB Savings Account Charges & Fee

What is the Minimum Balance for the PNB Savings Account?

The PNB Bank offers zero balance accounts but other accounts need to have the minimum balances in them. Below is a summary of the same.

Penalty For Not Maintaining Minimum Balance in a Savings Account

How to open a Savings Account in PNB?

Today, with mobile banking, applying to open a savings account is no longer a process. You can choose to do it either online or offline.

Online:

• Log in to the online to the Punjab National Bank portal
• Fill in the application form
• As per the savings account opted, submit all the documents
• Carry original documents for verification by the bank.

Offline:

• Visit the nearest branch office.
• Carry all the original documents for verification
• Fill in the application form
• Submit the documents needed to complete the KYC
• The bank officials verify documents and open the savings account.