Punjab National Bank is an Indian multinational banking and financial services company. It is a state-owned corporation based in New Delhi, India. It was established in 1894. Punjab National Bank is one of the Big Four banks of India.

PNB Zero Balance Account

Eligibility:

The Saving Fund account may be opened by an Individual singly or jointly, minors of the age of 10 years and above, minors under natural/legal guardianship.

An illiterate or a visually impaired person is also eligible to open Saving Fund account under the scheme with usual safeguards.

Minimum balance requirement:

This account shall not have the requirement of any minimum balance.
For these accounts, minimum balance/initial balance requirement would be ZERO.

Issuance of Cheque Book:

A cheque book of 20 leaves may be issued free of cost in a year. Thereafter, normal cheque book charges would be applicable.

Extent of transactions/ Operation permitted:-

There will be no limit on the number of deposits that can be made in a month.

Account holder will be allowed a maximum of four withdrawals in a month.

Debit Card/ATM Card:

Facility of ATM-cum-Debit Card shall be available without any charge. However, annual maintenance charge shall be recovered.