Punjab National Bank (PNB) Savings Account Interest Rate 2025 & Minimum Balance

Punjab National Bank (PNB) offers multiple types of savings accounts tailored to different customer needs, each with defined interest rates and minimum balance criteria. Understanding the current PNB savings account interest rate and minimum balance in 2025 helps in selecting the right account.

Key Highlights

• Interest rates on PNB savings accounts vary based on balance: 
  • 2.50% p.a. for balances below ₹10 lakh 
  • 2.50% p.a. for ₹10 lakh–₹100 crore 
  • 2.70% p.a. for amounts above ₹100 crore

• These rates are the same for general and senior citizen accounts.
• There is no minimum balance requirement for any account in PNB.

Punjab National Bank Savings Account

Punjab National Bank savings account offers individuals, HUFs, clubs, and others an opportunity to explore various characteristics associated with them. Each of its types cater to the individualised needs of account holders. Moreover, there are several advantages associated with each account type, such as simple eligibility criteria, hassle-free financial transactions, a safety deposit box, and a lot more. 

What is the PNB Savings Account Interest Rate? 

Following are the interest rates for PNB savings account 2025:

What is the PNB Savings Account Interest Rate for Senior Citizens?

The interest rate of a PNB savings account for senior citizens is the same as that for the general public. Thus, the interest rate differs from 2.50% to 2.70%, depending on the balance amount of the savings account. 

What are the Types of PNB Savings Account? 

Following are the different types of savings accounts that PNB offers to their customers:

PNB Secured Saving Scheme

An individual aged 18 - 50 can open the PNB Secured Saving Scheme, which offers a Rupay Platinum debit card and life insurance at a low premium. In case of death, the nominee receives the cover, while on survival after 15 years, the account holder gets the total premium refunded.

PNB Arogya Saving Scheme

Individuals below 60 years old can open a PNB Arogya savings account. This account provides a Rupay classic debit card with a higher daily cash withdrawal limit from ATMs and a higher POS or e-commerce daily limit. It also provides health insurance coverage for various treatments/ailments. 

PNB Prudent Sweep Accounts

This account has been designed as per the RBI guidelines so that individuals and institutions can deposit their savings. It offers an auto sweep facility as well as an internet banking facility. 

PNB Junior SF Account

Minors over the age of 10 can open and manage this account under the supervision of their legal guardian. This is a zero-balance account and does not even need a minimum initial deposit. Customers can even get a Rupay debit card and opt for mobile and internet banking facilities for seamless transactions. 

Basic Savings Bank Deposit Account 

You can open this account to deposit your monthly savings. This is a zero-balance account and does not even need a minimum initial deposit. An ATM-cum-Debit card is available so you can make transactions without any hassles. Even visually challenged people or people with no strong educational background can use this account. 

PNB Rakshak Scheme

The PNB Defence Salary Account is designed for defence personnel and pensioners drawing pensions via PNB branches. It is a zero-balance account offering ₹100 lakh air accident insurance and ₹50 lakh personal accident insurance to nominees in case of the account holder’s death. 

The various other PNB savings bank accounts are as follows:

• PNB Elite Saving Fund Schemes
• PNB Unnati Saving Fund Account
• PNB Women Power Savings
• PNB Samman Saving Accounts
• PNB Salary Account
• PNB Select Saving Account

You can choose any type of account from the available options that perfectly caters to your needs. Once done, you can proceed with opening your account and depositing your money. 

What are the PNB Savings Account Features? 

Some of the exclusive features of the PNB savings account are as follows:

• Nominal minimum amount: The minimum amount that you will need to maintain varies with the tier of the city where you reside. PNB also offers many zero-balance savings accounts. 
• Presence of additional benefits: With a PNB savings account, you are eligible to get free cheque leaves every year. Moreover, you can get a debit card/credit card, free insurance coverage, and other benefits.
• Availability of various facilities: Upon opening a PNB savings account, you can access facilities such as mobile banking, online banking, RTGS/NEFT costs, ATM Debit Card issuance, the presence of a Demat account, and more. Also, there is a reduction in charges of issuing demand drafts.
• Simple eligibility criteria: The eligibility criteria for opening a PNB account are quite simple. You only need to be over 18 years of age, submit the required documents, and make an initial deposit as per the minimum balance requirement to complete the account opening process.

What is the Minimum Balance in the PNB Savings Account? 

There is no minimum balance requirement for a PNB savings account. Effective from 1 July 2025, there are no penalty charges on your PNB savings account for not maintaining a minimum balance.  

What is the PNB Savings Account Maximum Balance?

There is usually no restriction on the maximum amount that you can maintain. This makes it easier for you to deposit as much money in this account as you want without any restrictions or penalties.

What are the PNB Savings Account Charges? 

You will need to pay several charges to maintain a PNB savings account, which are as follows:

What is the PNB Savings Account Transaction Limit?

Following are the PNB savings account transaction limits for savings accounts:

There are different variants of PNB savings accounts among which you can choose the right one to cater to your financial requirements. 

How to Open a Savings Account in PNB?

To open a PNB saving account online, you can follow these hassle-free steps mentioned below:

Step 1: Visit your nearest branch of Punjab National Bank and request a savings account application form. 

Step 2: Fill out the form by providing your personal and financial details accurately and choose your preferred account type. 

Step 3: Provide self-attested copies of the documents needed to open a savings account.

Step 4: Submit the form with the documents and cash you want to deposit into your account.

Step 5: The bank officials will verify the application and open the account.

What are the Documents Required for Opening Savings Account in PNB?

Following are some of the crucial documents that you will need to submit along with the application form when opening a savings account with the Punjab National Bank:

• Identification proof documents, such as passport, Aadhaar card, PAN card, etc.
• Address proof documents, such as rental agreement, telephone bill, and electricity bill.
• Other essential documents for clubs, associations, society, trusts, and HUFs.

You will also need to submit two passport-sized photographs when applying to open an account. Moreover, bank representatives might ask for additional documents when opening your account.   

What are the PNB Savings Account Benefits?

The following are some of the benefits that you can get upon opening a savings account at PNB:

• PNB offers internet, mobile, SMS banking, debit/ATM cards, and quick NEFT/RTGS transfers. 
• Many PNB branches provide safety deposit boxes or lockers to secure valuables like jewelry or cash.
• Women, children, and senior citizens holding savings accounts at PNB enjoy additional benefits. 
• The eligibility criteria for opening a savings account at PNB are minimal, so you can easily open an account. Even a minor’s guardian can open an account on their behalf. 

How to Close a PNB Savings Account?

You will not be able to close your PNB savings account online. So, you will need to visit the physical branch of Punjab National Bank. To complete the process, follow the steps below:

Step 1: Visit the nearest branch of Punjab National Bank, where you have the account.

Step 2: Request the account closure form and fill it out with the necessary details. 

Step 3: Withdraw the remaining balance in your bank account.

Step 4: Along with the account closure form, submit documents like ID proof, address proof, debit cards, cheque book and passbook.

Once you are aware of the type of savings accounts available, PNB savings account interest rate, minimum balance requirements, penalties and other details, you can proceed with the account opening process. However, ensure you select the right savings account type to benefit from your choice. 

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