PNB Removes Minimum Balance Penalty: A Big Relief for Savings Account Holders


PNB Removes Minimum Balance Penalty: A Big Relief for Savings Account Holders




In a major customer-friendly move, Punjab National Bank (PNB) has waived off penalties for not maintaining the minimum average balance (MAB) in all savings accounts, effective July 1, 2025. This step is a big win for account holders, especially those from priority segments like women, farmers, and low-income families.

With this new rule in place, PNB customers can now maintain their savings accounts without worrying about balance-related penalties—making banking more accessible and stress-free for everyone.

“This decision reflects our unwavering commitment to inclusive banking,” said Ashok Chandra, PNB’s Managing Director and CEO.
“We believe this move will ease the financial burden and bring more people into the formal banking network.”

Why This Matters:

✅ No Penalty for Low Balance – You don’t have to maintain a minimum balance anymore.
✅ Inclusive Banking – Focused on empowering women, farmers, and economically weaker sections.
✅ Wider Access to Banking – Encourages people to open and keep accounts without stress.
✅ Customer Satisfaction First – Reinforces PNB’s image as a bank that puts people first.

By removing such financial barriers, PNB aims to expand its reach and build long-term trust with its customers. This initiative is not just about removing a fee—it’s about promoting economic inclusion and giving everyone equal access to banking services.

This change is also likely to improve customer loyalty and boost the bank’s image as a leader in accessible and inclusive finance. It sets a new standard for other banks to follow in making banking truly people-centric.

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