PNB SALARY ACCOUNT

CONSOLIDATED GUIDELINES- PNB SALARY SCHEME

PARAMETERS

FEATURES

Eligibility

Employees of central/state Govt./PSU/ Govt.-semi Govt. Corporation/MNCs/ Corporate/ Educational Institutions/ Any other Institutions (regular as well as contractual employee)

Variants/Drawing Gross Salary per Month

Silver 25

Rs.10,000/- to Rs.25,000/-

Gold 50

Rs. 25,001/- to Rs.50,000/-

Premium 100

Rs.50,001/- to Rs.1,00,000/-

Platinum 200

Rs.1,00,001/- to Rs. 200000/-

Titanium

Rs. 200001/- & above

Initial Deposit

Zero

Minimum Quarterly Average Balance

Zero

Nomination

Allowed

Sweep Facility

(Optional)

1. Savings Bank accounts opened / maintained under the scheme will have Sweep-In / Out facility.

2. As per mandate given by primary account holder, sweep facility will be allowed for tenor 7 days to 365 days. The Sweep out shall be after threshold deposit of Rs. 20,000/- in salary account, in multiple of Rs 1,000/-.

3. Account holder will get the prevailing card rate of interest upon Flexi Fixed Deposit No interest shall be paid if FFD is broken before 7 days.

4. Sweep out shall be on daily basis and by default period of Flexi Fixed Deposit shall be 365 days.

Personal Accidental Insurance (PAI) Cover

VARIANTS

PAI COVER

Silver 25

Rs. 30.00 lakhs

Gold 50

Rs. 40.00 lakhs

Premium 100

Rs. 45.00 lakhs

Platinum 200

Rs. 45.00 lakhs

Titanium

Rs. 50.00 lakhs

The above coverage is in addition to the insurance cover provided to debit card holder (Rupay Select debit card Rs. 10 Lakh and Rupay Platinum Debit Card Rs.2.00 Lakh) as per T & C from time to time.

Free Cheque Leaves (Except for Bulk Requirement–EMIs payable to other Banks/FIs/NBFC)

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

40 p.a.

(Apr – Mar)

50 p.a.

(Apr – Mar)

100 p.a

(Apr – Mar)

Unlimited

RTGS through salary A/c- free of cost (other than business purpose)

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

2 pr. month

5 pr. month

Unlimited

NEFT through salary A/c- free of cost (other than business purpose)

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

2 pr. month

5 pr. month

Unlimited

Issue of Demand Draft routed through salary A/c- free of cost (other than business purpose)

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

2 DD pr. qt.

(Max. amt. of 2 drafts- Rs.0.25 lakh)

4 DD pr. qt.

(Max. amt. of 4 drafts-Rs.0.75 lakh)

Unlimited

Demat Account

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

50% discount on Annual Maintenance charge for first year only

No Charges

Issuances of all types of Certificates

No Charges

Issuances of Debit Card

Product

Variant

Gross monthly

salary (Rs.)

Debit Card

Variant

Charges and Fees

1st year

2nd Year onwards

Silver 25

10,000 to 25,000

RuPay Platinum Debit Card

Free

AMC to be reimbursed/waived , if QAB of Rs. 15,000 is maintained

Gold 50

25,001 to 50,000

RuPay Platinum Debit Card

Free

AMC to be reimbursed/waived, if QAB of Rs. 25,000 is maintained

Premium 100

50,001 to 1,00,000

RuPay Platinum Debit Card

Free

AMC to be reimbursed/waived, if QAB of Rs. 50,000 is maintained

Platinum 200

1,00,001 to 2,00,000

RuPay Select Debit Card

Lifetime Free

Titanium

>2,00,000

RuPay Select Debit Card

Lifetime Free

If the QAB is not maintained as above, AMC Charges will be charged as per the existing guidelines for the service charges.

These will be default debit card variants to salary customer, customer may opt for any other cards as well.

Annual Maintenance Charge

Documentation & Processing Charges on Housing, Car& Personal Loan(Min. 3 months regular salary credit)

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

50% Discount

100% Discount

In case higher discount on Documentation & Processing charges on Housing, Car & Personal loan is provided during bonanza, the same will be available to the customer of this scheme.

Locker Rent for the first year

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

25% discount on small locker

50% discount on small locker

75% discount on small locker

100% discount on small/medium locker

Issue of free statement in addition to pass book

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

E-Statement

E-Statement

E-Statement

No Charges

No Charges

Retail Internet Banking

No charges

SMS Alert

No charges

Instant Credit of outstation cheques

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

Upto Rs. 15,000/-

Upto Rs. 25,000/-

Issuance of Free Credit Card subject to eligibility

No joining fee- Life time free credit card will be given

(Both Joining & Annual Fee – NIL)

Product Variant

Gross monthly salary (Rs.)

Credit Card Variant

Credit Card Limit

Charges and Fees

Silver 25

10,000 to 25,000

RuPay Platinum

Equal to Gross Salary

Lifetime Free

Gold 50

25,001 to 50,000

RuPay Platinum

Equal to Gross Salary

Premium 100

50,001 to 1,00,000

RuPay Millenial

1.5 times of Gross Salary

Platinum 200

1,00,001 to 2,00,000

RuPay Millenial

1.5 times of Gross Salary

Titanium

>2,00,000

RuPay Select

2 times of Gross Salary

These will be default credit card variants to salary customer, customer may opt for any other cards as well, subject to his/her eligibility

Domestic ATM - cash withdrawal per day

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

As per extant guidelines

Domestic Shopping Limit POS per day

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

As per extant guidelines

Scheme Code

Silver 25

Gold 50

Premium 100

Platinum 200

Titanium

SBSVV

SBSDV

SBSPV

SBSMV

SBSOV

** DOCUMENTATION & PROCESSING CHARGES

In case higher discount on documentation & processing charges on housing, car & personal loan is provided by HO: RAD during bonanza, the same will be available to the customer of this scheme.

OTHER TERMS & CONDITIONS

  • PAI will be available to first account holder only till the account remains in the eligible salary scheme code. Thus, insurance cover will not be available in case account transferred to Saving Fund General due to non-receipt of salary in the account.
  • In case, salary is not credited in account for three months in a calendar quarter, the account will be transferred to Saving Fund General and all freebies will be withdrawn by system.
  • Insurance cover available under Debit Card will be settled separately through the concerned HO: Division as per existing guidelines.
  • The accounts converted to Saving Fund General can be considered for re- transferring to new salary variants subject to eligibility and on the request of the customer on case to case basis at branch level.
  • All other guidelines for saving accounts (other than mentioned above) as applicable from time to time will be adhered to.
  • The guidelines issued by the concerned Division for the facilities provided in the product be strictly adhered to and the same will be applicable as issued from time to time.
  • All other service charges except the relaxations given above will be levied as per Bank’s schedule of service charges as applicable from time to time.
  • PNB Mobile App
  • PNB Customer Support
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