[nilesh]

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Can you tell me in detail about the Prudent Sweep Account for Individuals offered by PNB (Punjab National Bank) for its custmers?

[prince karak]

PNB Prudent Sweep Account is a savings deposit account offered by Punjab National Bank for individuals. It comes with excellent features and benefits and is one of the most sought-after savings deposit accounts among account holders.

Features and Benefits

• One can open a PNB Prudent Sweep account with an initial deposit of Rs.500
• The minimum quarterly average balance is Rs.5,000 for rural and semi-urban areas and Rs.10,000 for urban and metro areas
• The tenure ranges from 7 days to one year
• One get 2 free remittances and collection of cheques up to Rs.25,000 per month
• 100 free cheque leaves in a financial year
• Internet banking services
• ATM card facility
• 50% concession on annual maintenance charges for Demat services for the first year only
• Swipe in on these accounts will take place after the cut -ff balance of Rs.1 lakh and in multiples of Rs.10,000
• Swipe out will take place on 5th, 15th, and 25th of every month. If there is a holiday on any one of these days, swipe out will be on the next working day

Fees and Charges

NEFT Transfer
Up to Rs.10,000: Rs.2.50 + service tax
Rs.10,000 to Rs.1 lakh: Rs.5 + service tax
Rs.1 lakh to Rs.2 lakhs: Rs.15 + service tax
Above Rs.2 lakhs: Rs.25 + service tax

Demand draft revalidation
Rs.100

Demand draft cancellation charge
For draft up to Rs.1,000, the fee is Rs. 20 per draft
For draft above Rs.1,000, the fee is Rs. 100 per draft

Cancellation of instruments
Rs.100

Issuance of duplicate demand drafts
Upto Rs.10,000: Rs.100
Above Rs.10,000 to Rs.1 lakh: Rs.125
Above Rs.1 lakh: Rs.150

Issuance of passbook
Free

Account closure charges
Rs.100 if the customer closes the account within 1 year of its opening

Balance enquiry
Free

Collection of local cheques through clearing
Free

Registration for standing instruction
Rs.50

Execution of standing instruction
Rs.35 + Remittance Charges+ Out of pocket expenses

Transfer of funds between accounts at all the branches
Free

For presenting cheque at outstation branches through inward clearing
Free

Collection of cheques through non-base outstation branches
Free

IMPS charges
Rs.5 per transaction plus service tax

Charges for issuing add-on card
Rs.50 per card

Charges for issue of duplicate ATM PIN
Rs.25

Issue of ATM/Debit Card with photograph of the cardholder
sRs.25