The minimum money required to open a Punjab National Bank (PNB) account starts from Rs. 500, depending on the specific type of savings account you choose and, for some accounts, your geographical location.
PNB offers various savings accounts, each with different initial deposit requirements tailored to suit diverse customer needs. The lowest initial deposit typically applies to general savings accounts and accounts opened in rural branches.
Initial Deposit Requirements for PNB Savings Accounts
Here’s a breakdown of the initial deposit requirements for some common PNB savings account types:
| Account Type | Initial Deposit Requirement | Key Features |
|---|---|---|
| Saving Deposit (General) Account | As low as Rs. 500 | Free Internet Banking, Mobile Banking |
| Premium Savings Account | Rural: Rs. 500 Urban, Semi-Urban, Metro: Rs. 1000 |
Platinum Debit Card on minimum Quarterly Average Balance (QAB) of Rs. 50,000 |
As shown, the Saving Deposit (General) Account requires an initial deposit of just Rs. 500, making it the most accessible option for many. For the Premium Savings Account, while it's also Rs. 500 in rural areas, it increases to Rs. 1000 for branches in urban, semi-urban, and metropolitan areas. It's important to note that the Premium Savings Account also requires maintaining a minimum Quarterly Average Balance (QAB) of Rs. 50,000 to avail benefits like a Platinum Debit Card.
Therefore, to open a PNB account, you should generally be prepared with at least Rs. 500, with higher amounts potentially required depending on the specific account type and location.
