PNB Smart Banking Current Deposit Scheme (SMART BANKING CURRENT ACCOUNT)

PNB Smart Banking Current Deposit Scheme (SMART BANKING CURRENT ACCOUNT) (With or Without Sweep – In and Sweep- Out facility)

• Variants - Gold/ Diamond/Platinum (Existing Silver Variant merged into Gold)

• Earn Interest @ of FDR on your surplus funds through auto sweep facility.

• MAB Requirement: Starting from Rs 1.00 lakh

• Free RTGS/NEFT/IMPS from all channels i.e. Branch/Internet Banking Service/mobile banking.

• Free Cash Deposit/Withdrawals maximum upto Rs 2.00 Crores in a month*

• 100% Waiver in installation and rentals of POS/Sound box*

• 100% waiver in processing charges/upfront fee in HL /VL*

* Subject to conditions given below


PARAMETERS GOLD DIAMOND PLATINUM
Eligibility

All entities eligible to open CA

All entities eligible to open CA

All entities eligible to open CA

Monthly Average Balance (MAB) (in Rs) 1,00,000/- 5,00,000/- 10,00,000/-
Charges for Non - Maintenance of MAB (in Rs) 2,000/- 3,000/- 4,000/-
Sweep Features

a. By Default- NO; On Customer`s Choice – Yes

b. Threshold Amount: Rs 5 lakhs

c. Tenor: 7 days to 1 year

d. In multiples of: Rs 50,000

a. By Default - NO; On Customer`s Choice- Yes

b. Threshold Amt: Rs 10 lakhs

c. Tenor: 7 days to 1 year

d. In multiples of: Rs 50,000

Frequency of Sweep Out

a. Sweep out shall be 4 times in month (1st to 31st), as per the mandate of the customer.

b. If Sweep out date is last date of month and is non-existent or holiday, the next working day in next month shall be sweep out day, but the same will not be counted towards four Sweep-out of the next month.

c. If any other selected date for sweep out is holiday, the Sweep out shall be on next working day.

RTGS/ NEFT/ IMPS (All modes)(Exc. Bulk Txn)
Free
Folio Charges
Free
Cheque Leaves Free - 100 CL per Month Free - 200 CL per Month Free - 500 CL per Month
Demand Draft Free 12 DDs in a Quarter Free 15 DDs in a Quarter Free 25 DDs in a Quarter
Cash Handling Charges Free cash deposit upto Rs 30 lakhs per month or 10 times of MAB maintained; whichever is higher; subject to a maximum capping of Rs 2.00 Crores per month Free cash deposit upto Rs 50 lakhs per month or 10 times of MAB maintained; whichever is higher; subject to a maximum capping of Rs 2.00 Crores per month Free cash deposit upto Rs 100 Lakhs per month or 10 times of MAB maintained; whichever is higher; subject to a maximum capping of Rs 2.00 Crores per month
Free cash withdrawal upto Rs 30 lakhs per month or 10 times of MAB maintained; whichever is higher; subject to a maximum capping of Rs 2.00 Crores per month Free cash withdrawal upto Rs 50 lakhs per month or 10 times of MAB maintained; whichever is higher; subject to a maximum capping of Rs 2.00 Crores per month Free cash withdrawal upto Rs 100 lakhs per month or 10 times of MAB maintained; whichever is higher; subject to a maximum capping of Rs 2.00 Crores per month
Point of Sale/Quick Response/ IPG (Payment Gateway) POS Services -
Installation: Free
Monthly Rental: 25% Waiver
QR –
Installation: Free
Rental: Free
Sound box
Installation: Free
Rental: 25% Waiver
IPG -
Free Installation
POS Services -
Installation: Free
Monthly Rental: 100% Waiver for 1 POS
QR –
Installation: Free
Rental: Free
Sound box
Installation: Free
Rental: 50% Waiver
IPG -
Free Installation
POS Services -
Installation: Free
Monthly Rental: 100% Waiver for 2 POS
QR –
Installation: Free
Rental: Free
Sound box
Installation: Free
Rental: Full Waiver
IPG -
Free Installation
Locker 25% discount in 01 small locker rent, every year 30% discount in 01 small locker rent, every year 50% discount in 01 small locker rent, every year
a. Signature Attestation Charges

b. Photo Attestation Charges

c. Balance Certificate

d. Standing Instruction Registration Charges
Free
Debit Card

Master Business Debit Card-
Issuance: Free

RuPay Platinum Business Debit Card -
Issuance: Free

Master Business Debit Card -
Issuance & AMC: Free

RuPay Platinum Business Debit Card -
Issuance & AMC: Free

Master Business Debit Card -
Issuance & AMC: Free

RuPay Platinum Business Debit Card -
Issuance & AMC: Free

Cheque Returning Charges Waived for 10 outward cheques in a month Waived for 15 outward cheques in a month Waived for 20 outward cheques in a month
Outstation Clearing Charges Charges waived for cheques upto Rs 10 lakhs per quarter Charges waived for cheques upto Rs 15 lakhs per quarter Charges waived for cheques upto Rs 20 lakhs per quarter
Waiver in Retails Loans 100% waiver in processing charges/ upfront fee in Housing Loan/Vehicle Loan in the name of Proprietor, Partner and Director 100% waiver in processing charges/ upfront fee in Housing Loan /Vehicle Loan in the name of Proprietor, Partner and Director 100% waiver in processing charges/ upfront fee in Housing Loan /Vehicle Loan in the name of Proprietor, Partner and Director
Demat Services Waiver of 25% of AMC to partners, directors & proprietors Waiver of 50% of AMC to partners, directors & proprietors 100% Waiver of AMC to partners, directors & proprietors
Physical Statement Fortnightly Free Fortnightly Free Free
Credit Card Free Issuance with attractive offers by merchants; as per the eligibility of the customer. Free Issuance with attractive offers by merchants; as per the eligibility of the customer. Free Issuance with attractive offers by merchants; as per the eligibility of the customer.
Other Terms & Conditions
  • All other service charges other than the relaxations given in the proposed scheme will be levied as per Bank`s schedule of service charges as applicable from time to time.
  • Monthly Average Balance (MAB) of the preceding month/preceding calendar quarter will be taken into consideration for passing freebies. However, in new accounts opened during the month/quarter, concessions/freebies will be available till completion of month/quarter, and after completion of month/quarter concessions/freebies will only be allowed if the customer has maintained prescribed average balance for the number of days, i.e., date to opening of account to last day of month/quarter.
  • Waiver in locker rent will be available only if locker is in the name of Individual/ Proprietor/ Partner/ Director.
  • Rs 500/- (one time) will be charged for opting the lower variant. There is no charge for upgrading the variant. Further, the freebies/concessions provided in the upgraded variant/scheme will be applicable in the respective account from the successive day of change in variant/scheme.
  • The customer may opt period for any number of days (from 7 days to 1 year). No interest will be paid if FD under sweep runs less than 7 days. FD will be swept in on LIFO (Last in First Out) basis.
  • At the end of quarter, interest of FFD is credited in the respective operative current account. The total amount (Principal and interest) of FFD is credited on due date or on premature cancellation in the related current account. Further, the prescribed amount will be swept out into FFD as per available balance in the account of the customer at the end of day.
  • Customer is free to choose any variant of debit card as per his/her eligibility.
  • All other terms and conditions of Current accounts as applicable from time to time will be adhered to.
  • PNB Mobile App
  • PNB Customer Support
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