PNB Minimum Balance Changers: Giving relief to its crores of customers, PNB has abolished the obligation to maintain minimum balance in savings account. Now no penalty will be imposed by the bank for not maintaining minimum balance.
PNB Saving Account: If you also have a savings account in the country’s leading bank Punjab National Bank (PNB), then this news is of use to you. Yes, PNB has given a big relief to its crores of account holders. PNB has waived the penalty for not maintaining minimum average balance (MAB) in the accounts of all its savings account customers. This rule has been implemented by the bank from July 1, 2025.
Low income families will get relief
In a statement issued by PNB, it was said that this step has been taken to promote financial inclusion and empower customers. The bank has taken this decision especially keeping in mind women, farmers and low income families. After this step of the bank, now customers will not have to worry about keeping the minimum balance. PNB MD and CEO Ashok Chandra said that this decision reflects our commitment towards inclusive banking.
Customers with current accounts are not concerned
He said that we want to reduce the financial pressure on customers and they can easily use banking services. This facility has been provided by the bank only to customers with savings accounts. Customers with current accounts are not concerned with this in any way. This step makes it clear that PNB is a customer focused and socially responsible bank. This decision is a big step towards making banking easier and fairer for all.
Interest also reduced on education loan
Earlier, Punjab National Bank (PNB) has reduced the interest rate by 0.2 percent on education loan given under Vidyalakshmi Yojana. PNB said that this initiative strengthens the bank’s commitment along with increasing the accessibility of education. Let us tell you that Vidyalakshmi Yojana has been prepared to provide financial help to students for providing education. After this change, education loan will start from 7.5 percent depending on the institutions.
