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PNB Smart Banking Current Account

PNB Smart Banking Current Account (With or without sweep facility)

A Current Account loaded with most desirable features, privileges, flexibility and wider choice of variants to cater to the diversified banking needs for any business activity - with or without Sweep-in and Sweep-out facility.

Particulars Variants
PNB Silver PNB Gold PNB Diamond PNB Platinum
Minimum Quarterly Average Balance (QAB) 100,000 2,00,000 5,00,000 10,00,000
Initial Deposit 5,000
Non Maintenance of QAB Charges (per quarter) Rural/Semi-Urban Branches
Below 1 Lac: Rs500/-
1000 2000 4000
Urban/Metro Branches
Below 1 lac but ≥ 10000/-:Rs 500
Below 10000/-: Rs 1000/-
Minimum Balance for Sweep-in and Sweep-out facility 10,00,000
Sweep-in and Sweep-out in multiples of 50,000
Tenor of Term Deposit (At applicable card rate for respective bucket) 15 to 91 days The amounts will be swept out on 5th and 20th of every month. (If there is holiday on these days, the next working day)
RTGS/NEFT charges Free
Free Cheque Leaves (per quarter) 100 200 300 600
Concession in Cash Deposit Charges- Base Branch Upto Rs. 2 lac per day free thereafter applicable charges Upto Rs. 5 lac per day free thereafter applicable charges Upto Rs. 5 lac per day free thereafter applicable charges Upto Rs. 10 lac per day free thereafter applicable charges
Local/ Outstation Non base Branch Upto Rs. 50000 per day free thereafter applicable charges Upto Rs. 1 lac per day free thereafter applicable charges Upto Rs. 2 lac per day free thereafter applicable charges Upto Rs. 10 lac per day free thereafter applicable charges
Concession in Cash withdrawal Charges: i)Base Branch Free Free Free Free
ii)Local / Outstation non base branch 25% 50% 75% Free
Instant credit of outstation cheques Maximum outstanding Amount at any point of time irrespective of the number of cheques - after ensuring six months of satisfactory operation in the account. 15,000 20,000 50,000 1,00,000
Free Collection of outstation Cheque per quarter maximum upto Rs. 0.50 lac 2.00 lac 5.00 lac 10.00 lac
(Issued in favour of customer) per quarter per quarter per quarter per quarter
Annual Custody Charges for Demat Services (except NSDL/ CDSL charges) Waived Waived Waived Waived
Issue of Free Demand Drafts per quarter 5 nos(Max. Amt. upto Rs.0.50 lacs) 10 nos(Max. Amt. upto Rs.2.00 lacs) 15 nos (Max. Amt. upto Rs.5.00 30 nos (Max. Amt. upto Rs.10.00 lacs)
Stop Payment instruction charges Waived Waived Waived Waived
Annual Custody Charges for Demat Services (except NSDL/ CDSL charges) Free Free Free Free
Account Statements Fortnightly Free Fortnightly Free Weekly Free Free
POS Machine- Installation Charges Applicable Charges 50% Free Free
Merchant Service Fee Charges will be decided at HO Level on the basis of merit of each client.
Credit Card (Corporate/ Individuals , i.e, Proprietor, Partners, Promoters & Directors etc.)- Joining Fee/Renewal Fee/ Annual Fee on Primary & Add on Card Free Free Free Free
PNB Fee Portal & Payfee Free Free Free Free
Fund Collection Module Free Free Free Free
Door Step Banking Services Applicable Free Free Free
As per sl. no. 9.i to 9.ii above
(The charges are finalized by Circle Offices) Applicable Rs.2 lac per day free than as per terms decided by Circle Office) Rs.5 lac per day free than as per terms decided by Circle Office) Rs.10 lac per day free than as per terms decided by Circle Office)
Advance against Clearing/Local chq purchase 25000 500000 100000 200000
Other Terms & Conditions
  • Customer has the option to say ‘NO’ for sweep out sweep in facility’ at the time of opening of account.
  • The concessions/freebies under all the variants will be allowed only if prescribed QAB is maintained in the previous quarter.
  • However, in new accounts, concessions/ freebies will be available till completion of quarter and after completion of 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 quarter. Subsequently, concessions will be allowed on maintaining QAB in previous quarter.
  • Rs.500/- (one time) will be charged for opting the lower variant. There is no charge for upgrading the variant. The change in QAB to lower/ higher variant will be allowed only at the end of the quarter.
  • Credit Card will be provided to the Corporate/ Individuals, i.e. Proprietor, Partners, Promoters & Directors etc. The Credit Card will be issued after 3 months satisfactory conduct of account.
  • The customer may opt period for any number of days (from 15 to 91 days). No interest will be paid if FD under sweep runs less than 15 days. FD will be swept in on LIFO (Last In First Out) basis.
  • The total amount (Principal and interest) of FFD is credited on due date or on premature cancellation in the related current account.

funds will be swept in i.e. cancellation of Fixed Deposit, in case of need on Last In First Out Basis (LIFO).

For other details, please visit any of our branch.


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