Updated upto 30.09.2006

Service Charges and fees

Name of the bank- Punjab National Bank

Charges (Rs.)

Savings Bank A/c - No frills A/c

Minimum Balance

Nil, However initial deposit of Rs.25/- required

Charges for non maintenance thereof

Nil

Saving Bank Accounts with Cheque facility

Minimum Balance

Rs.500/- in Rural Branches

Rs.1000/- in other Branches

(Self help Group Rs.100/- only irrespective of location of branch)However, Pensioners, Students, and Salaried accounts are exempted.

Charges for non maintenance thereof

CBS branches (Quarterly): Rs.80/- in Rural branches and Rs.150/ in other branches.

Non CBS branches (Monthly): Rs.50/-

And Rs.100/- for High value branches

Saving Bank Accounts without Cheque facility

Minimum Balance

Rs.500/- in Rural Branches

Rs.1000/- in other Branches

(Self help Group Rs.100/- only irrespective of location of branch) However, Pensioners, Students, and Salaried accounts are exempted.

Charges for non maintenance thereof

CBS branches (Quarterly): Rs.80/- in Rural branches and Rs.150/ in other branches.

Non CBS branches (Monthly): Rs.50/-

and Rs.100/- for High value branches

Other savings bank account facilities

Issue of Duplicate Statement

Rs.2.00 per entry/record,

Min.Rs.100/- Max. Rs.1000/-

Statement of account charges: Pass book shall be updated free of cost

Rs.30/- for additional statement

Issue of duplicate pass book

Rs.50/- per passbook with latest balance.

Issue of cheque leaves (MICR as well as Non MICR)

Rs.2.50 per cheque leaf

Account Maintenance charges for Saving Fund Accounts:

100 free of charge entries permissible on half yearly basis, thereafter Re. 1/- per record/ entry.

Free cheque leaves to Saving bank account customer (Except Premium Saving Account)

20 cheques leave free per half year.

Premium (Saving Fund ) Customers:

Free of charge cheque book facility without any limit of usage.

Mode of calculation of minimum balance

CBS branches- Quarterly basis

Non-CBS branches. – Daily basis.

Charges for recording Reconstitution of account:

Rs.150/- per occasion (Except for change due to death of the existing signatory and adding the name of spouse in pension accounts.)

Standing Instructions:

Registration:

Rs.50/- (one time charge)

Execution:

Rs.35/- + Remittance charges + out of pocket expenses

Non Execution Charges (due to insufficient funds)

Rs.50/- per transaction

Account Maintenance charges for Current, Cash Credit and CA-OD (erstwhile ledger folio charges, on half yearly basis) beyond free of charge permissible entries mentioned as under:

Rs.2/- per entry / record, minimum Rs.100/-, maximum Rs.1000/-

Free entry /Record, allowed in current accounts including CC and CA-OD

Average credit balance/QAB: Upto Rs.25000/-

No free of cost entries allowed

Above Rs.25000/- upto Rs.50000/-

100 entries per half year

Above Rs. 50000/ upto Rs.1 lac

150 entries per half year

Above Rs.1 Lac upto Rs.2 lac

250 entries per half year

Above Rs.2 lac to less than Rs.5 lac

500 entries per half year

Rs. 5 lac and above

Unlimited data entries free of cost

Free cheque leaves to Premium ( Current Account) customers:

500 Free Cheque leaves in a calendar year.

Minimum Balance / Minimum Qly. Average Balance Requirements for Current Accounts:

Area

Non CBS Branches Minimum Monthly Balance (Rs.)

CBS Branches Minimum Qly. Average Balance (Rs.)

Rural

1000

1000

Semi Urban

3000

3000

Urban

3000

5000

Metropolitan

5000

5000

Charges for non maintenance of minimum balance in current accounts

Current Accounts- Individual

Current Accounts- Other than individual

At CBS branches

Rs.150/-

Rs.500/-(at High value branches) and Rs.250/- at other branches.

Rs.400/- per Quarter at Rural & Semi Urban

Rs.700/- per Quarter at Urban & Metropolitan

Note: If the balance falls below the minimum during any day during the month, at non CBS branches, penalty charges will be levied for full month.

Exemption: Pension accounts and Salary accounts.

Statement of Account Charges

Current Account: One statement to be provided free in a month

Rs.60/- for additional statement.

Premium Saving Account Customers: Customers who have maintained Minimum Balance of Rs.25000/- throughout the previous month. For CBS branches Minimum Quarterly Average Balance shall be Rs.25000/-

Premium Current Account Customers: Customers who have maintained Minimum Balance of Rs.100000/- throughout the previous month. For CBS branches Minimum Quarterly Average Balance shall be Rs.100000/-

PREMIUM SF CUSTOMERS AT CBS BRANCHES: In order to encourage customers for keeping more QAB in their Savings Account, concessions mentioned hereinafter shall be available to the customers during the current quarter provided they keep the stipulated quarterly average balance of RS. 25,000/- AND ABOVE IN THE PRECEDING/LAST QUARTER.

i	Rebate of 25% in charges for collection of outstation cheques
ii	Unlimited free cheque book facility
iii	Free of cost issuance of Debit cum ATM Cards;
iv	No service charges for all inter-sol transactions at local as well as outstation non-base branches including ‘Cash Deposit’ and ‘Cash Withdrawal’ during the quarter.

Premium CA Customers: In order to offer incentives for keeping more QAB in their Current Account, the following attractive concessions shall be available to the customers during the current quarter provided they keep the stipulated quarterly average balance of (i) Rs. 1 lac and above, (ii) Rs. 10 lac and above in the last quarter.

Quarterly average balance of Rs. 1 lac and above in the last quarter	Quarterly average balance of Rs. 10 lac and above in the last quarter
Rebate of 25% in charges for collection of outstation cheques and all inter-sol transactions during the quarter(at all CBS branches)	Rebate of 50% in charges for collection of outstation cheques and all inter-sol transactions during the quarter (at all CBS branches).
20% concession in charges for Issuance of draft/remittance	50% concession in charges for Issuance of draft/remittance
Free of cost issuance of Debit cum ATM Cards	Free of cost issuance of Debit cum ATM Cards
Free 50 cheque leaves in a quarter	Free 500 cheque leaves in a quarter
No charges for usage up to 200 transactions	No charges for usage of ledger folios
25% rebate in locker rent of one locker for having maintained desired level of QAB during all the 4 preceding quarters	50% rebate in locker rent of one locker for having maintained desired level of QAB during all the 4 preceding quarters
No stop payment instruction charges	No stop payment instruction charges
50% concession in charges for registration and execution of Standing Instructions during current quarter only.	No Charges for registration and execution of Standing Instructions during current quarter only
No charges for issuance of Interest/ Balance Certificates.	No charges for issuance of Interest/ Balance Certificates

Remittance Facilities through own bank *

DD - Issue Up to Rs.10000/-

Above Rs.10000/-

For Students Drafts upto Rs.1000/-(in respect of education/ examination fee only)

Rs.40/-

Rs.3/- per Rs.1000/-or part thereof Min.Rs.40/ and Max.Rs.12000/-

Rs.20/- (above Rs.1000/- normal rate will apply)

DD-Cancellation

Rs.100/-

DD-Duplicate Up to Rs.1 lakh

Above Rs.1 lakh

DD-Revalidation

Rs.100/- plus actual out of pocket expenses incurred.

Minimum 50% commission chargeable on the date of request or Rs.125/- which ever is higher.

Rs.100/-

For Students: if demand draft(s) were got issued for educational purposes, students shall not be required to pay these charges. They will be required to pay only Rs.10/- for demand drafts revalidation or cancellation, cancellation of lost Gift cheque and cancellation of lost instrument(s). Students are exempted from additional charges for issuance of drafts (against deposit of cash also) for educational purposes.

PO - Issue * Up to Rs.10000/-

Above Rs.10000/-

Rs.40/-

Rs.3/- per Rs.1000/-or part thereof Min.Rs.40/ and Max.Rs.12000/-

PO-cancellation

Rs.100/-

PO-Duplicate

Rs.100/-

PO-Revalidation

Rs.100/-

Cancellation of Lost instrument(s)

Rs.100/- per instrument.

TT – Issue *

Rs.2.25 per Rs.1000/ or part thereof subject to Minimum Rs.225/- and Maximum Rs.12000/- plus actual transmission charges.

TT - Cancellation

No charges

TT-Duplicate

No charges

TT-Revalidation

No charges

Issuance of Gift Cheques

No Charges

Cancellation of Lost Gift Cheque(s)

Rs.50/- per Gift cheque(s) requested for cancellation

EFT Charges- inward

No charges prescribed

EFT Charges- outward * (Outstation)

Up to Rs.1000/-

Above Rs.1000/- to Rs.5000/-

Above Rs.5000/- to Rs.10000/-

Above Rs.10000/- to Rs.1 lac

Above Rs.1 lakh

(Local)

Up to Rs.1000/-

Above Rs.1000/- to Rs.5000/-

Above Rs.5000/- to Rs.10000/-

Above Rs.10000/-

Rs.10/-

Rs.20/-

Rs.25/-

Rs.2.00 per Rs.1000/- or part thereof.

Rs.1.50 per Rs.1000/- or part thereof minimum Rs.200/-

Rs.10/-

Rs.20/-

Rs.25/-

Rs.1.00 per Rs.1000/- or part thereof Minimum Rs.25/-

In addition to above charges, Rs.10/- are to be recovered in case of Inter Bank Transfer i.e. where these are payable to other Bank and RBI. Further, EFT charges will be subject to a minimum of Rs.30/-.

Electronic Clearing Services: Credit Clearing

1. Sponsor Bank: Minimum charges Rs.2750/- + Charges payable to RBI and Destination Bank, if any.

a) upto 10000 records

@ Rs.3/- per record + charges payable to RBI and Destination Bank, if any.

b) Above 10000 to 100000 records

@ Rs.2/- per record (With a minimum of Rs.30000/-)+ charges payable to RBI and Destination Bank, if any.

c) Above 100000 records

@ Rs.1/- per record (With a minimum of Rs.200000/-)+ charges payable to RBI and Destination Bank, if any.

2. Charges Payable to Destination Bank and /or RBI: On actual basis, i.e. as waived/ prescribed by RBI from time to time.

Electronic Clearing Services: Debit Clearing

ECS: Debit Clearing

Re.1/- per transaction charges Minimum charges Rs.2750/- + Charges payable to RBI and Destination Bank, if any.

Returning Charges on account of insufficient funds

Re.40/- per record (w.e.f. 01.02.2007)

Full waiver in respect of Income Tax Refund Orders:

No ECS charges be levied in respect of Income Tax Refund Orders, as per RBI/ Govt. decision.

RTGS-Outward *

1) 0.10% per transaction, subject to a minimum of Rs.150/- and Maximum of Rs.2000/- plus out of pocket expenses payable to RBI, if any.

2) On upfront payment of Rs.25000/-

for usage of the RTGS facility for the next 12 months, rebate of 50% would be admissible to the customers, subject to a minimum of Rs.150/- per transaction

RTGS: Inter Bank for Clearing purposes only

Rs.1.50 per thousand with Minimum Rs.500/- and Maximum Rs.1500/-

RTGS-Inward

Rs.20/ per transaction plus RBI charges, if any.

NEFT/ SFMS* For customer related transactions (other than Banks)

Re.1/- per thousand with a minimum of Rs.25/-per transaction and maximum of Rs.2000/-+out of pocket expenses and RBI charges, if any.

Cash Management Services

Charges in Paisa per Rs.1000/-

Type of Centre

( Annual turnover in Rupees crores)

>250 100-250 <100

Metro

06 15 25

Non-Metro Locations

20 30 50

Remote Locations