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Online PNB Savings Account Opening

Open PNB Saving Account

Last Updated 13th May 2022

Interest Rate 2.70% - 2.75%
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 - May 2022
  • 2022-02-08 : Punjab National Bank Revises Savings Account Rates
    PNB has revised the interest rates on savings accounts by five basis points. As a result, for a balance below Rs 10 lakhs, the bank attracts interest rates of 2.75%. The savings account rate for a balance above Rs. 10 lakhs is 2.80%.
  • 2022-02-02 : Punjab National Bank to Charge a Penalty of Rs.250
    Punjab National Bank will charge Rs 250 fine if the customer does not settle the EMIs or other instalments in time due to a lack of money in the account. Earlier, the Bank was charging a penalty amount of Rs 100.
  • 2022-01-28 : PNB Net Profit Doubles to Rs 1,127 Crores for Q3
    Punjab National Bank has reported more than double the standalone net profit for the third quarter ended December than the previous year. Previously, the bank had earned a net profit of Rs 506.03 crore in the year-ago period.
  • 2022-01-12 : Punjab National Bank Hikes Minimum Balance for Savings Account
    Punjab National Bank (PNB) has decided to hike the minimum quarterly average balance (QAB) to Rs10,000 in Delhi, Mumbai, Kolkata, and Chennai. The public sector bank (PSB) has also decided to increase charges for various services by up to 50% from January 15 2022.
  • 2021-12-06 : Punjab Bank Introduces New App for Disabled
    PNB has launched a new Andriod-based App, PNB Pride- CRMD Module Tool, to help differently-abled employees. The app will aid Special Mention Account Borrowers for banking services.
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