MyLoanCare is a FREE of cost service for borrowers Apply Online

Get Cashback of Upto ₹ 1,000* on Loans Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online


Online PNB Savings Account Opening

Open PNB Saving Account

Last Updated 01st May 2021

Interest Rate 3.00% - 3.50%
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
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

Top Applications Offering UPI Facility

Top Banks Providing IMPS Facility


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.

PNB News - May 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.
  • 2020-12-29 : PNB completes IT integration of all branches of two merged entities
    Punjab National Bank clarified that the customers of the former OBC Bank are now migrated to CBS of PNB wherein they can transact seamlessly via existing branches and digital banking channels like internet banking and mobile banking. The amalgamation of PNB, United Bank of India and OBC has come into effect from April 1, this year. The merger created the second-largest nationalized bank in terms of business and total branches.
  • 2020-08-17 : PNB launched campaign to promote digital banking.
    Punjab National Bank launched DIGITAL APNAYEN a campaign to encourage customers to use digital banking channels. It is striving to encourage customers to use digital channels and participate in the noble cause of donating to the PM CARES Fund for COVID-19 by PNB.
  • 2020-06-04 : PNB cut rates on savings account deposits
    Punjab National Bank reduced the interest rate on savings account deposits by 0.50 percentage point. The new rate for deposits up to Rs 50 lakh stands at 3% from earlier 3.50%. The new rates will effective from 1 June 2020.
  • 2019-08-30 : Government proposes Public Sector Banks Merger to increase profitability
    In a bid to encourage customer and investors confidence in the public sector banks, the Government is planning to merge major PSBs. This includes the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank that will be India’s second-largest bank. The alliance of major banks might increase banks profitability by encouraging investments in savings and current accounts and retail loans growth.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Please wait while your information is being processed...