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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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