CreditMantri Finserve Private Limited
4th Floor Sudhama, 36 Vijayaraghava Road,T Nagar, Chennai, Tamil Nadu 600017
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Is your Credit Score >750?
Punjab National Bank incorporates a rich heritage of around 115 years of banking service to the country. Punjab National Bank has been a catalyst in the development of India with the ideology of development and eradication of poverty by funding various self-employment schemes and a robust presence in rural areas. Their portfolio of Savings Bank accounts include a wide range of features and benefits to cater to a huge customer base. It is one of the largest banking entities in the country with more than 5400 branches that are all connected through the Core Banking Solution (CBS) system.
About Punjab National Bank Savings Account
A savings account is the most basic form of deposit account, that is held with a bank or NBFC, which allows a customer to deposit money and earn some interest on it.
A savings account, being easy to open and operate, provides the customer a safe way to store their hard-earned money while earning a nominal return for the deposits. There are various kinds of savings account catering to the needs of every customer.
There are various benefits to having a savings account with Punjab National Bank. Following is an overview.
Punjab National Bank requires its customers to maintain a Quarterly Average Balance (QAB) on their Savings Accounts
Rural - Rs.1000/-
Semi- Urban - Rs.2000/-
Urban - Rs.2000/-
Metropolitan - Rs.2000/-
Rural/Semi-Urban - Rs. 5000/-
Urban/Metro areas - Rs.10000/-
Rs.500/- in Rural
Rs.1000/- in others
Punjab National Bank offers an interest of 3.5% for balance below Rs. 50 Lakh and 4% for balance above Rs. 50 lakh. This interest rate changes periodically based on market guidelines and customers should check with the bank before opening an account
Various fees & charges are levied for the different services offered by the bank. It is advisable to contact the bank for the latest list of charges.
Punjab National Bank offers the convenience of opening an account online or at your nearest branch.
You can walk into your nearest Punjab National Bank branch with the required documents and open an account instantly. You can also apply online and a bank representative will contact you and come in person to collect the documents from your doorstep.
1. How much interest can I get on Savings Account? When is the interest credited to my account?
Punjab National Bank offers an interest rate of 3.50% to 4.00% on Savings Account. Interest on Savings Account is calculated on Quarterly basis.
2. Is there a minimum initial deposit to open a savings account?
The minimum initial deposit amount required to open a savings bank account varies from Rs. 500 to Rs. 1000
3. Does Punjab National Bank offer debit cards for savings account?
Yes, different types of debit cards are offered to different Savings Bank account holders.
4. Who is eligible to open a savings bank account with Punjab National Bank?
Any Indian citizen above the age of 18 years is eligible to open a savings bank account with Punjab National Bank.
5. Are there any charges for non-maintenance of Quarterly Average Balance (QAB) in my Savings Account?
Many of the Savings Bank accounts do not require you to maintain QAB. Wherever specified, a nominal charge of Rs. 15 to Rs.250 is charged for non-maintenance of QAB.
Get low interest loans & Lifetime FREE credit cards
Get customized Credit Health Report
Improve your creditworthiness
Andhra Bank Savings Account
Axis Bank Savings Account
Bandhan Bank Savings Account
Bank Of Baroda Savings Account
Bank Of India Savings Account
Bank Of Maharashtra Savings Account
Canara Bank Savings Account
Central Bank Of India Savings Account
Citibank Savings Account
City Union Bank Savings Account
Corporation Bank Savings Account
DCB Bank Savings Account
Deutsche Bank Savings Account
Dhanlaxmi Bank Savings Account
Federal Bank Savings Account
HDFC Bank Savings Account
ICICI Bank Savings Account
IDBI Bank Savings Account
IDFC Bank Savings Account
Indian Bank Savings Account
Indian Overseas Bank Savings Account
Indusind Bank Savings Account
Jammu Kashmir Bank Savings Account
Karnataka Bank Savings Account
Karur Vysya Bank Savings Account
Kotak Mahindra Bank Savings Account
Lakshmi Vilas Bank Savings Account
Oriental Bank Of Commerce Savings Account
Punjab Sind Bank Savings Account
RBL Bank Savings Account
SBI Savings Account
South Indian Bank Savings Account
State Bank Of Travancore Savings Account
SVC Bank Savings Account
Syndicate Bank Savings Account
Tamilnad Mercantile Bank Savings Account
UCO Bank Savings Account
Union Bank Of India Savings Account
Vijaya Bank Savings Account
YES Bank Savings Account
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.