PNB ESCROW/RERA ACCOUNT SCHEME
Opening of Separate Account or Escrow Account (CA as per provision of ‘RERA’ The Real Estate (Regulation and Development) Act, 2016
PARAMETERS
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FEATURES
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Eligibility
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Merchants like Shopping Centers, Petrol Pumps, Hospitals, Educational Institutes
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Minimum Initial Deposit
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R/SU-Rs.5,000/- and U/M-Rs.10,000/-
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Average Quarterly Balance
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25,000/-
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QAB Non-Maintenance charges per quarter
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1000/- + Service Tax
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Cheque Book Charges
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Free (Unlimited)
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Cash deposit -Per day free deposit limit
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Free upto 3 times monthly amount swiped at Bank POS terminal or Rs.3.0 Lakh whichever is lower; thereafter standard charges apply.
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Cash Withdrawal
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Maximum upto Rs.1.00 lakh per day (Third party withdrawal upto Rs.25,000/- per day)
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DD/Pay Order
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Free 2 DD (Free per Quarter upto Rs.5.00 lac per Instrument)
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RTGS
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Upto Rs.2.00 lakh -Free
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Above Rs.2.00 lakh to Rs.5.00 lakh—not exceeding Rs.25.00 per transaction above Rs.5.00 lac-not exceeding Rs.50.00 per transaction.
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Free through Net Banking
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NEFT
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Upto Rs.1.00 lakh-Free
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Above Rs.1.00 lakh to Rs.2.00 lakh-Rs.10/- per transaction
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Above Rs.2.00 lakh-Rs.25/- per transaction
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Free through Net Banking
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POS Offer
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Point of Sales terminals/Wireless POS Terminals-GPRS at applicable rate.
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Phone Banking/Mobile Banking
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No Charges
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Free statements of Account
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Once a Month E-statement & two Physical copies can be collected from the Branch.
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Other Features
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· Free Corporate Internet Banking
· Two Balance Certificates (Duplicate copy, STD. applicable charges apply)
· 50% waiver of processing charges on Retail Loans in the name of Proprietor, Firm or partners of the Firm and Company or Directors of the Company.
· Waiver of AMC Charges on Demat account for 1st year in the name of Proprietor/Partnership/Firm/Company.
· 20% rebate on locker Rent if locker rent is paid in advance for three years and above in lump sum.
· Payment Gateway solution from M/s. PayU Payments Pvt. Ltd. (PAYU) (IBIBO Group Company) for quick receipt of payments from customers. Waiver of the onetime Setup fee of Rs.10,000/- and Annual Maintenance Fee of Rs.2,500/-
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Note:- Free 3 cash deposit & Withdrawal limits along with additional facilities shall be withdrawn if AQB is less than 75% of required product. However non-maintenance charges shall be applicable if AQB is not maintained.
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