Punjab National Bank increase charges for several services

Sushubh

Administrator
[OP]
Oct 29, 2004
421,852
13,193
Gurugram
PNB customers to pay higher charges for non-credit services

"It has been decided to revise the non-credit related charges (exclusive of GST) with effect from September 1, 2017 for cash deposit above Rs 5,000 at other than base branch within the same city," PNB said in a communication to customers.

A customer will have to pay Re 1 per Rs 1,000 for above Rs 5,000 cash deposit or part thereof with a minimum of Rs 25 per transaction.

At an outstation branch, cash deposit up to Rs 5,000 will be free of cost from September 1, which at present is limited for Rs 25,000.

While, for above Rs 5,000 cash deposit at outstation branch, the bank will levy Rs 2 per Rs 1,000 or part thereof with a minimum of Rs 25 per transaction.

The bank has also revised upwards the cheque returning charges for a payment of above Rs 1 crore to Rs 2,000 for first cheque and Rs 2,500 for subsequent bounces.

Currently, for a cheque return of above Rs 1 crore, the charges are Rs 1,000 for first cheque and Rs 1,500 for subsequent instances.

At the same time, the bank has steeply raised the locker facility charges in metro branches for different types of lockers.

The locker rent is being raised by 25 per cent for small, medium, large and extra large sizes to Rs 1,500, Rs 3,500, Rs 5,500 and Rs 10,000, respectively, for metro branches.

Earlier such charges were Rs 1,200, Rs 2,800, Rs 4,500 and Rs 8,000, respectively.

Besides, PNB will levy a premium of 25 per cent of the locker rent in 22 identified branches, 19 of which are in Delhi, one in Gurgaon and two in Faridabad.