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PNB MERCHANT CURRENT ACCOUNT

PNB MERCHANT CURRENT ACCOUNT

PARAMETERS

FEATURES

Eligibility

Merchants like Shopping Centers, Petrol Pumps, Hospitals, Educational Institutes

Minimum Initial Deposit

NIL

Average Quarterly Balance

25,000/-

QAB Non-Maintenance charges per quarter

1000/- + Service Tax

Cheque Book Charges

Free (Unlimited)

Cash deposit -Per day free deposit limit

Free upto Rs. 3.00 lakh per day; thereafter applicable charges as circulated by HO: IRMD from time to time.

Cash Withdrawal

Free upto Rs. 1.00 lakh per day; thereafter applicable charges as circulated by HO: IRMD from time to time. (Third party withdrawal as per extant guidelines circulated vide HO: IAD, from time to time)

DD/Pay Order

Free 24 DD in a year with a max. capping of Rs. 5.00 lakh per instrument. (02 DD in a month)

RTGS

Free

NEFT

Free: Online;
Through branch – Per month 15 txns free beyond that charges will applicable as circulated by HO: IRMD from time to time

POS( Point of Sales )terminals/Wireless POS Terminals-GPRS at applicable rate.

Installation Charges: NIL; subject to change from time to time.

Other Charges: As per Bank’s extent guidelines.

Fee Collection Module

Available

Bharat QR One Time Installation Charges & Rentals:

NIL; subject to change from to time.

Phone Banking/Mobile Banking

No Charges; subject to change from time to time.

Free statements of Account

Once a Month E-statement & two Physical copies can be collected from the Branch.

Other Features

· 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 Bank’s authorized vendor for quick receipt of payments from customers. NIL Annual Maintenance Charges & One-time installation charges (Subject to change from time to time)

Note:- All other terms and conditions of as per the Bank’s extant guidelines.

Listen
  • Rewarded

    Rewarded

    Earn reward points on transactions made at POS and e-commerce outlets

  • Book your locker

    Book your locker

    Deposit lockers are available to keep your valuables in a stringent and safe environment

  • Financial Advice?

    Financial Advice?

    Connect to our financial advisors to seek assistance and meet set financial goals.

  • ATM & Branch Network

    ATM & Branch Network

    Find PNB Branches and ATMs in proximity to your location.

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