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PNB Advantage Saving Account Scheme: Punjab National Bank (PNB) has launched a new savings account scheme – Advantage Saving Account Scheme. The scheme offers various benefits such as free accidental insurance up to Rs.40 Lakh, free airport lounge access, free cheque book and more. Check all the benefits below.
PNB Advantage Saving Account Scheme Benefits
| PARAMETERS | FEATURES |
|---|---|
| Eligibility | Any Individual |
| Minimum Monthly Average Balance For Availing Benefits | ₹50,000 |
| Charges for non-maintenance of MAB | Freebies will be withdrawn and account will be treated as similar to general saving scheme. Charges will be levied only if MAB of General SF is not maintained, which is as under: Rural – ₹500/-; Semi Urban – ₹1000/-; Urban & Metro – ₹2000/- |
| Debit Card | RuPay Advantage Select Debit Card Issuance Charges / AMC Charges – NIL Further AMC will be waived in case desired yearly average balance equivalent to MAB requirement of the scheme is maintained in last 12 months |
| Debit Card Limits | Cash Withdrawal – ₹1.5 Lakh Ecom/POS (Combined) – ₹5.0 Lakh Contactless – ₹5,000/- per day |
| Lounge | Domestic Airport Lounge – Once per Quarter |
| Cheque Book | Number of Cheque leaves free: 200 per year |
| Personal Accidental Insurance (PAI) | ₹20 lakhs |
| Air Accidental Insurance (PAI) | ₹40 lakhs |
| Permanent Total Disability (PTD) | ₹20 lakhs |
| Permanent Partial Disability (PPD) | Upto ₹10 lakhs (%age of disability will be as per the GPA Schedule & In case of multiple injury, max claim up to the amount of sum insured) |
| Other benefit linked to PAI | a) Higher Education (for college & higher studies) – 25% of entitled PA Cover max up to ₹5 Lakh in aggregate for 3 years for 2 dependent children having age up to 25 years in case of accidental death*. b) Girl Child Marriage Cover (18–25 years) – 10% of the PA Cover max up to ₹10 lakh each for 2 girl children c) Ambulance Charges – ₹10,000/- d) Funeral Expenses – ₹10,000/- e) Lost Baggage protection insurance for Domestic Air Travel of ₹25,000/- *PAI and other linked benefits are admissible immediately upon account activation and will be available up to the age of 69 years only. |
| RTGS/NEFT/IMPS (Online) Charges | NIL |
| RTGS/NEFT/IMPS (Branch) Charges | Standard Charges Applicable |
| Demand Draft Issuance | Standard Charges Applicable |
| Discount in Demat Accounts Fee | Standard Charges Applicable |
| Nomination facility | Allowed |
| Concession in respect of documentation charges for HL/VL | 50% waiver* |
| Concession in respect of processing charges/upfront fee for HL/VL | 50% waiver* |
*Terms and Conditions Applied/Subject to Change.
