Rural

Rs.1000/-

Semi Urban

Rs.2000/-

Urban

Rs.5000/-

Metro

Rs.10000/-

Rs.50/-

Rs.100/-

10%

Rs.75/-

Rs.200/-

10%

Rs.100/-

Rs.300/-

6%

Rs.125/-

Rs.400/-

4%

A. Account Closed within 14 days from the opening of account.

No Charges

B. Accounts closed after 14 days but within 12 months of opening.

Current Accounts

Rs.800/-

Accounts closed after 12 months.

NIL

1

Revalidation

Rs.150/- per instrument

2

Cancellation Charges

3

Issuance of Lost instrument(s)

4

Issuance of Duplicate Draft

5

Against tender of Cash (Below

Rs.50000/-) for any mode of Remittance

Rs.250/- per instrument

Upto Rs.1 lac

Rs. 150/- per instrument

> Rs. 1 lac upto Rs.10 lac

Rs. 250/- per instrument

> 10 Lac

Rs. 500/- per instrument

Up to Rs. 1.00 lac - Free (Per day)

Above Rs. 1.00 lac - Rs. 1/- per thousand, subject to minimum Rs. 50/-

Up to Rs.1.00 lac - Free (Per day)

Above Rs.1.00 lac: - Rs. 1/- per thousand, subject to min. Rs. 100/-, max Rs. 30000/-

Small

Rs.1250/-

Rs.2000/-

Medium

Rs.2500/-

Rs.3500/-

Large

Rs.3000/-

Rs.5500/-

Very Large

Rs.6000/-

Rs.8000/-

Extra Large

Rs.10,000/-

Rs.10,000/-

1. MAINTENANCE OF LEDGER ACCOUNTS

1.1

Minimum Balance Requirement and Charges for Not Maintaining Minimum Balance in the Account

Saving Account

Monthly Average Balance Requirements

Charges
Charges for non- maintenance of MAB will be directly proportional to the extent of shortfall

Current Account

Monthly Average Balance Requirements (MAB)

Charges for non- maintenance of MAB will be directly proportional to the extent of shortfall

· Recovery of charges should not turn into negative balance solely on account of levy of service charges.

· No Penal Charges for non-maintenance of minimum balance in respect of Inoperative/ Dormant accounts as per RBI guidelines

1.2

Duplicate Passbook / Statement

Pass Book/ Statement – Non-Individuals & Individual (All Branches)

Note:

· Issuance of new passbook shall be free of cost.

· For CA/CC/OD: One statement of account per month free.

· In case customer requests for statement through M-Banking / I-Banking /through e-mail & In case of Flexi deposit accounts (Saving & Current) charges shall be NIL.

· Statement of Account with Shorter Frequency (For CA/CC/OD Accounts only): Customer to register e-mail login and utilize i-Bank facility for downloading statement.

1.3

INCIDENTAL / LEDGER FOLIO / ACCOUNT MAINTENANCE CHARGES– OPERATIVE ACCOUNTS BEYOND FREE OF CHARGE PERMISSIBLE ENTRIES

Free Folio Allowed in Accounts in Current Accounts

For accounts maintained in computer, 40 entries or part thereof is treated as one ledger folio.

Charges beyond free limit

1.4

Cheque Book Issuance Charges

CTS-2010 Standard Cheques

1.5

Standing Instructions

NOTE: No charges to be levied for transfer entries within the accounts maintained at the same branch and instructions in respect of the following shall be carried out free of charge and no SI registration charges and SI remitting charges are to be levied:

1.Crediting/ Remitting interest in term deposit

2.Crediting/Remitting Recurring Deposit installments

3.Crediting/Remitting installments in Loan accounts

1.6

Stop Payment Instructions

· To be levied only once i.e. at the time of accepting the instructions for stop payment and no charges be levied while actually returning such instruments through clearing.

· No charges shall be levied if stop payment instructions made through registered Internet Banking

1.7

Cancellation / Revocation of Stop Payment Instructions

SB Accounts

Rs. 20/-per instrument; Maximum Rs. 200/- per instruction

CA/CC/OD Accounts

1.8

Penalty Charges for Depositing Delayed Installment Recurring Deposit Account

Rs. 1/-per 100/- pm irrespective of periodicity of deposits.

Note: Benefit of waiving penalty for delayed payments against payment of equal number of advance installments in Recurring deposit account is not available. However, the Interest should be paid at applicable rate after deducting penalty charges.

1.9

Closure of Account

Note:

· No account Closure charges on account of Death of the customer.

· Transfer of account from one branch to another branch of the Bank shall not be considered as closure of account, hence no charges will be recovered. Similarly opening of another account in the joint names after closing the existing one and payment in the deceased depositor account shall not be considered as closure of account.

· If the customer is not happy about his/ her choice of SB/CA a/c or services provided by the bank, he / she may within 14 days from the opening of account, approach the bank to switch to any of our other accounts. Alternatively, he / she may ask for refund of the amount which will be given back to him / her with any interest it may have earned. The bank will not levy any service charge for closure of the account within 14 days from the date of making the first payment into the account.

1.10

Operation in the Account

Note: No charges in case of death of existing signatory /account holder.

2. REMITTANCES

2.1

Issuance of Demand Draft

2.2

Issuance of Duplicate Draft / Revalidation of Draft / Cancellation of Drafts / Other Instruments

Demand Draft/Other instrument

· No charges shall be levied for issuance of Drafts favoring beneficiaries on account of disbursement of Term Loans/ Retail Loans/Housing Loans.

· Credit/ Deposit Scheme (including NO Frill account) specific concessions would continue as mentioned specifically in the concerned Scheme.

· No charges to be levied for issuance of demand draft issued for payment of proceeds due to restrictions under income tax act for paying in cash in respectofmatureddepositaccountsliketermdepositsandPPForothersuch accounts under Govt. run savings schemes.

2.3

Cheques / Bills Returning Charges

INWARD RETURNING CHARGES:

Saving Account
Rs.300/- per instrument due to insufficient balance

Current Account/ CC/ OD:

Note applicable for all accounts:
Interest at applicable rate for number of days Bank remained out of funds (i.e. actual interest @ clean OD is to be charged extra)

Outward Returning Charges (CASA)

Rs. 200/- per instrument irrespective of amount

Outstation Returning Charges (Inward/ Outward) – CASA

Rs.200/- per instrument irrespective of amount + out of pocket expenses

3. COLLECTION

3.1

Collection of Outstation Cheques / Drafts

· The above charges are all inclusive (other than GST and the applicable cess, if any).No additional charges such as courier charges, out of pocket expenses, etc., should be levied from the customers except in cases where specifically mentioned.

· Collection charges in case of outstation cheques should be levied on the Gross amount of the instruments

· Immediate credit of outstation cheques in accounts of individual account holders: Immediate credit of outstation cheques up to Rs. 15,000/- (on request as per above slab plus actual out of pocket expenses

Collection of Local Cheques Through Clearing: No Charges

3.2

Collection of Local / Outstation Bills-Outward & Inward

{Clean / Documentary / Usance &Supply Bills Including Bills Received Under Inland LC (Excluding Drafts, Cheques Etc.)}

· Actual postage/courier charges and any other out of pocket expenses have to be recovered in full from the customers.

· Collection charges in case of bills should be levied on the gross amount of the instrument.

Outstation Returning Charges (Inward / Outward Collection)

LOCAL RETURNING CHARGES

INWARD RETURNING CHARGES:

OUTWARD RETURNING CHARGES

3.4

Purchase / Discount of Cheques / Bills

As per IRMD/ RMD guidelines issued from time to time

3.5

Collection of Deposit Receipts on Maturity

Collection of Other Bank’s Deposit Receipts on Maturity

Bank shall levy charges as applicable to collection of cheques. However, if proceeds are invested in FD for a minimum period of one year then no charges only out of pocket expenses to be recovered.

In all cases, postage charges and other out of pocket expenses have to be recovered in full.

3.6

Presentation of Usance Bills For Acceptance

Rs. 100/- per bill +out of pocket expenses

3.7

Collection of Interest / Dividend Warrant Directly Received By The Branch

Dividend Warrants, Interest Warrants, refund Orders for amount upto Rs. 1000/- are to be collected at par, even they are drawn on other banks and payable at outstation centres. Out of pocket expenses like postage etc., are to be recovered in full.

5. CASH HANDLING CHARGES- WITHDRAWAL

5.1

Savings Bank Accounts

At Base & Non Base Branch:

Free: Maximum 5 Withdrawals in a month. Thereafter, Rs. 2/- per Rs. 1000/- or part thereof.

5.2

Current / Cash Credit/ Overdraft And Other Accounts Of Customers

At Base & Non Base Branch:

Free Amount: Rs. 1 Lakh per day.

Thereafter applicable charges will be: Rs. 2/- per Rs. 1000/- or part thereof.

Specific Benefits offered under various products shall be applicable as per product details mentioned @ https://www.pnbindia.in/current.html

6. LOCKER/ SAFE CUSTODY

6.1

Locker Rent Annual

Note:

6.2

In case of payment of advance locker rent for 5 years, incentivized charges are as under

Advanced locker rent for five years

1. The above rent slab is excluding premium of 25% in identified Metro branches.

2. In case Locker holder surrenders the locker before expiry of period of five year for which advance rent has been paid, then locker rent on annual card rate basis shall be charged.

6.3

Security Deposit Required For Lockers

As per Locker Guidelines

6.4

Penalty For Delayed Payment Of Locker Rent

6.5

Restriction On Number Of Operations

No. of locker visits per year-12 visits per year free; thereafter Rs. 100/- per visit.

While issuing new locker, the branches are advised to include the following clause in the locker lease register.

“I/We agree to payRs. 100/-per operation beyond 15 operations in a financial year”.

6.6

Refund Of Locker Rent

· Minimum Period of Locker facility shall be One Year and in case of Surrender of Locker, Refund of the Locker Rent, if any, shall be paid for the Complete Quarters left as on the Date of Surrender of Locker, for which Locker Rent has already been received in advance.

· In case of surrender of locker before five years, locker charges at normal rates (without concession) shall be charged and rest of the amount shall be refunded.

· In case of surrender, GST will not be refunded.

6.7

Other

6.8

Safe Custody Charges

7. DOOR STEP BANKING (DSB)

7.1

Doorstep Banking Services

# The service charges are subject to change from time to time. The charges will be displayed on the website. Any change in the charges will be notified to customers in advance at least 30 days before implementation.

* Rs.60/-+GST for Life Certificate Pick- Up from pensioner /family pensioners.

7.2

For All SB/CA/CC/OD Customers: Customers, depositing cash of Rs. 2 lacs or more per day for an average of 10 days in a month in areas having a currency chest, have to be mandatorily provided Doorstep Banking Services

· This option is provided to CA/ SB account customers who agree to keep desired float in their account so that the actual Security Agency charges are paid by the Bank.

· Commitment Charges - If customer doesn’t maintain requisite float balance, Commitment Charges will be charged, on monthly basis, @ 4% of the deficit of float balance in customer account, on daily deficit amount OR actual Bank’s Service Charges for DSBs, as given under.

· Maximum cash pickup limit: As per prevalent Banker’s Indemnity Policy (presently, Rs. 2 Crore per cash van)

· Service Charges: Rs. 25/- + Cash Deposit Charges at base branch, as per prevalent IRMD / RMD Circular + Service Provider’s Charges on actual basis.

8. MISCELLANEOUS SERVICES

8.1

Old Record Enquiries

*Charges to be refunded for mistake detected on the part of the bank.

8.2

Attestation / Certificate

Illustrative List of Certificate/ Attestation

1. No Objection Certificate

2. No Dues Certificate

3. Duplicate TDS Certificate:

4. Interest Certificate (One certificate to be issued ‘free of cost’ every year.)

5. Certificate of Balance (Only two certificates are free in a year)

6. Cheque Honoured Certificate

7. Account Maintaining Certificate:

8. Any other certificate relating to deposit account except Solvency certificate charges for which are charges prescribed by IRMD/RMD:

9. Attestation of customer’s signature/ Photograph

10. Address Confirmation

11. Issue of Duplicate Deposit Receipt

Exemption:

No service charges shall be levied for:

1. Issue of No Dues Certificate on adjustment of Loan A/c.

2. Issue of No Objection Certificate to the applicants under various Government sponsored schemes

3. Certificate of Interest paid on Deposits or TDS Certificate for the first time

4. The beneficiaries who opt for any e-payment from Govt. Depts., certification of mandate will be free

5. Signature attestation for ECS purpose.

8.3

Other

8.4

Concessional/ Exempted Categories

AS PER ANNEXURE-I

8.5

Concessions Not Specified Elsewhere

As per discretionary power vested with various sanctioning authority.

Rs. 2 Lakh to Rs. 5 Lakh

Rs. 24.50

NIL

Above Rs. 5 Lakh

Rs. 49.50

Up to Rs. 10000

Rs. 2.25

NIL

Above Rs. 10000 to Rs. 1 Lakh

Rs. 4.75

Above Rs. 1 lakh to Rs. 2 lac

Rs. 14.75

Above Rs. 2 Lakh

Rs. 24.75

Up to Rs. 1000

NIL

NIL

Above Rs. 1001 to Rs. 1 lakh

Rs. 6.00

Above Rs. 1 lakh

Rs. 12.00

Outward NACH Credit Transactions of Corporate

Rs. 2/- per record subject to a minimum of Rs. 500/-

Outward NACH Debit Transactions of Corporate

Inward NACH Mandate Verification (Physical/ E-Mandate)

Rs. 100/- per mandate on acceptance

Outward NACH Mandate of Corporates

Rs. 50/- per mandate on acceptance

Returning charges on return of NACH (Debit) on account of Insufficient Funds

Rs. 250/-

Saving Account

25 paise per SMS + GST (max Rs.15/- + GST per quarter)

Other Than Saving Account

25 paise per SMS + GST (max Rs.25/- + GST per quarter)

Card/ Card less cash deposit in SB/ CA/ CC/ OD A/c up to Rs. 2.00 Lac

NIL

Card/ Card less cash deposit in SB A/c above Rs. 2.00 Lac

Rs. 1/- per Rs. 1000/- or part thereof with a min. of Rs. 15/ per transaction

Card/ Card less cash deposit in CA/ CC/ OD above Rs. 2.00 Lac per transaction

Rs. 1/- per Rs. 1000/- or part thereof with a min. of Rs. 25/ per transaction

Annual Turn Over In Rs. Crores

>250

100-250

<100

6

15

25

20

30

50

50

70

90

70

90

120