GET Stock QuotesNews18 APP
News18 English
cricketnext
»
1-min read

PNB Customers to Pay Higher Charges for Non-credit Services

Currently, the customers of Punjab National Bank (PNB) are levied charges only for depositing cash over Rs 25,000 at a non-base branch within the same city.

PTI

Updated:August 6, 2017, 1:01 PM IST
facebookTwittergoogleskypewhatsapp
PNB Customers to Pay Higher Charges for Non-credit Services
While, for above Rs 5,000 cash deposit at an outstation branch, the bank will levy Rs 2 per Rs 1,000 or part thereof with a minimum of Rs 25 per transaction.
New Delhi: Come September, PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

Currently, the customers of Punjab National Bank (PNB) are levied charges only for depositing cash over Rs 25,000 at a non-base branch within the same city.

"It has been decided to revise the non-credit related charges (exclusive of GST) with effect from September 1, 2017, for cash deposit above Rs 5,000 at other than base branch within the same city," PNB said in a communication to customers.

A customer will have to pay Re 1 per Rs 1,000 for above Rs 5,000 cash deposit or part thereof with a minimum of Rs 25 per transaction.

At an outstation branch, cash deposit up to Rs 5,000 will be free of cost from September 1, which at present is limited for Rs 25,000.

While, for above Rs 5,000 cash deposit at an outstation branch, the bank will levy Rs 2 per Rs 1,000 or part thereof with a minimum of Rs 25 per transaction.

The bank has also revised upwards the cheque returning charges for a payment of above Rs 1 crore to Rs 2,000 for the first cheque and Rs 2,500 for subsequent bounces.

Currently, for a cheque return of above Rs 1 crore, the charges are Rs 1,000 for the first cheque and Rs 1,500 for subsequent instances.

At the same time, the bank has steeply raised the locker facility charges in metro branches for different types of lockers.

The locker rent is being raised by 25 per cent for small, medium, large and extra large sizes to Rs 1,500, Rs 3,500, Rs 5,500 and Rs 10,000, respectively, for metro branches.

Earlier such charges were Rs 1,200, Rs 2,800, Rs 4,500 and Rs 8,000, respectively.

Besides, PNB will levy a premium of 25 per cent of the locker rent in 22 identified branches, 19 of which are in Delhi, one in Gurgaon and two in Faridabad.

The Delhi branches are: Jangpura Extension, South Extension, GK II, Kalkaji, Sahkaurbasti, Krishna Nagar, Preet Vihar, Suraj Mal Vihar, Model Town, Mall Road, Patparganj, Madhuban, Vikaspuri, Sector 12A Dwarka, Sector 12 Dwarka, Dwarka, New Rajinder Nagar, Punjabi Bagh and Rajauri Garden.

Of others, Gurgaon Sector 4, Sector 37 Faridabad and Old Faridabad are the branches to attract a 25 per cent premium on locker rentals.

All the charges are exclusive of Goods and Services Tax (GST) which came into effect from July 1 this year and attract a charge of 18 per cent, up 15 per cent from previous tax regime charges.
Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Axis Bank 464.50 -48.65 -9.48
Reliance 914.50 +40.15 +4.59
MAS Financial S 654.40 +195.40 +42.57
ICICI Bank 263.15 -10.75 -3.92
Dewan Housing 602.50 +10.65 +1.80
Company Price Change %Gain
Aegis Logistics 221.45 -5.35 -2.36
MAS Financial S 654.75 +195.75 +42.65
Axis Bank 464.35 -48.85 -9.52
Reliance 913.75 +39.50 +4.52
Nilkamal 1,664.30 +42.90 +2.65
Top Gainers
Company Price Change %Gain
Reliance 914.50 +40.15 +4.59
Power Grid Corp 213.55 +8.65 +4.22
Indiabulls Hsg 1,358.40 +32.70 +2.47
ONGC 174.45 +3.25 +1.90
Wipro 294.75 +4.90 +1.69
Company Price Change %Gain
Reliance 913.75 +39.50 +4.52
Wipro 295.05 +5.55 +1.92
ONGC 174.20 +3.00 +1.75
Kotak Mahindra 1,096.70 +17.35 +1.61
ITC 270.35 +3.15 +1.18
Top Losers
Company Price Change %Gain
Axis Bank 464.50 -48.65 -9.48
ICICI Bank 263.15 -10.75 -3.92
Bharti Infratel 461.75 -17.45 -3.64
Cipla 611.00 -21.10 -3.34
Tech Mahindra 458.45 -14.55 -3.08
Company Price Change %Gain
Axis Bank 464.35 -48.85 -9.52
ICICI Bank 263.05 -10.85 -3.96
Cipla 610.70 -20.55 -3.26
SBI 244.20 -6.95 -2.77
Lupin 1,048.90 -17.75 -1.66

Live TV