Shocking News To PNB Customers! PNB Service Charges Are Going To Hike!

PNB(Punjab National Bank) is one of the leading government sponsored public sector bank with nationwide network. To manage operating expenses banks levy service charges on their customers. PNB is no more exception to this! Infact PNB is going to hike service charges with effect from January15th,2022. Though it was a good news for bank shareholders,Continue reading “Shocking News To PNB Customers! PNB Service Charges Are Going To Hike!”

PNB Slashes Savings a/c Interest Rates

Most of the people save their money in savings a/c. They consider it as an emergency fund to withdraw at any point of time. Even though savings a/c interest rates are pretty low, people consider savings a/c as a safe heaven to withdraw in emergencies. Here’s a bad news for those who rely entirely onContinue reading “PNB Slashes Savings a/c Interest Rates”

PNB is Going To Slash Interest Rates With Effect From November 8th

Almost all banks are competiting to slash interest rates. Bank’s lending rate are at record lows which makes the loan borrowers to grab this lowest of the decade interest rates. One of the Government sector Bank, Punjab National Bank(PNB) is in the race of decreasing lending rates. As per the recent announcement released by PNB,Continue reading “PNB is Going To Slash Interest Rates With Effect From November 8th”

PNB Acquired 170 Crores For Non-Maintenance of Minimum Balance From Their Customers a/c’s

It is well known that sufficient balance would be kept in savings a/c at all-times. If that minimum balance is not maintained, Banks have the right to levy penalty from their customers. As a part of levying penalty, Government sponsored bank PNB(Punjab National Bank)acquired 170 crores in the financial year 2020-21 for non-maintenance of sufficientContinue reading “PNB Acquired 170 Crores For Non-Maintenance of Minimum Balance From Their Customers a/c’s”

PNB Follows The Trend Of Lowering Interest Rates on Home and Personal Loans

Following the decision to link home loans to Repo Rate , Banks are in rush to reduce interest rates on home loans. Recently SBI, Bank of Baroda slashed the interest rates and now it’s the turn of Punjab National Bank(PNB) What is “Repo Rate”? Repo Rate is the rate at which RBI lends to theContinue reading “PNB Follows The Trend Of Lowering Interest Rates on Home and Personal Loans”