In a major relief for account holders, Punjab National Bank (PNB) has announced that it will no longer levy penalties for not maintaining the minimum average balance in savings accounts. The move is ...
The policy is effective from July 1. This means the bank will not charge any penalty even if your balance in the savings account declines to zero.
In some good news for customers of state-owned Punjab National Bank (PNB), the lender has decided to waive penal charges for non-maintenance of minimum average balance (MAB) in all savings accounts.
Punjab National Bank (PNB) on Tuesday announced the waiver of penal charges for non-maintenance of Minimum Average Balance (MAB) in all savings Accounts “This customer-first initiative, effective from ...
Indian Bank has announced complete waiver of minimum balance charges across all savings bank accounts effective July 7. Effective July 1, Punjab National Bank, too, has decided to waive penal charges ...
A day after Punjab National Bank announced a similar move, Indian Bank has now said that it is waiving minimum balance requirments across Savings Bank accounts, with effect from July 7, 2025. In a ...
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Big relief for savings accountholders: After SBI and Canara Bank, PNB removes minimum balance charge
After State Bank of India (SBI) and Canara Bank, state-owned Punjab National Bank (PNB) will also no longer charge penalties for failing to maintain the minimum average balance (MAB) in all savings ...
No penalty on not maintaining minimum balance in savings accounts from July 1, 2025. Beneficial for low-income groups, women, farmers, and rural citizens. Move supports financial inclusion and ...
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