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Online PNB Savings Account Opening

Open PNB Saving Account

Last Updated 01st Dec 2021

Interest Rate 2.80% - 2.85%
Minimum Balance Requirement Rs. 500 to 1,000
Cash Withdrawal Limit --
ATM Transaction Charges From Rs. 15 to 250 as per location, category and deficit in QAB as per brackets in Rs.100
Debit Card ATM Cum Debit card
Yes Bank
Returns bhi, Rewards bhi
5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
Earn up to 50k** YES Rewardz Points in 1st year
Exclusive offers on Demat & Lockers
Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
Apply for Savings Account

PNB Savings Account Opening

PNB Savings accounts in PNB can be opened online or offline. To open PNB offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening PNB Savings Account Online

To open the savings account online in PNB, you have to follow these steps:

  • Step 1: First, visit the official website of PNB.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: PNB’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, PNB will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open PNB Savings Account at Branch

To open a savings account with PNB at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in PNB

You have to fulfil the following eligibility criteria to open a savings account in PNB:

  • This account is for resident Indians of 18 years of age and above can open a sole or joint account.
  • Minors above the age of 10 can also open a savings account.
  • In addition, illiterate and visually impaired persons can also open their account with necessary safeguards.

Open saving account with Other Banks online


How can I open a savings account in PNB?

You can open a savings account in PNB either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in PNB?

Yes, you can open a savings account online, by applying for it through the PNB’s official website.

What is the minimum balance in PNB?

The minimum balance required to open a savings account in PNB is Rs. 500 to 1,000.

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PNB News - Dec 2021
  • 2021-12-01 : PNB Revises Savings Account Rates
    Punjab National Bank has decreased the interest rate on savings account from 1st December 2021. For a balance below Rs. 10 Lakhs, the rate is 2.80 per cent. Also, the bank offers 2.90 per cent for the balance of Rs. 10 Lakhs and above.
  • 2021-11-10 : Punjab National Bank Cuts Saving Interest Rate
    Punjab National Bank (PNB) has decreased interest on savings accounts for the customers with balances less than Rs 10 lakh. The bank is offering an interest rate of 2.80 percent per annum. The benchmark lending rate has also been decreased by 50 basis points to 6.50 percent.
  • 2021-09-01 : PNB cuts interest rate on savings account
    Punjab National Bank has decreased the interest rate of savings account. The rates have been slashed by 10 basis points, the new rates are 2.90% for existing as well as new account holders. The effective rates are applicable from September 1, 2021.
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
  • 2021-03-17 : PNB launches special salary account
    Punjab National Bank (PNB) has launched a new salary account called PNB MySalary Account. The account is for salaried people and divided into three categories: silver, gold, premium, and platinum. The account comes with accidental insurance and an overdraft and sweep facility.
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