Big Relief for PNB Customers: No Penalty for Minimum Balance from 1st July 2025!

 Big Relief for PNB Customers: No Penalty for Minimum Balance from 1st July 2025!

Great news for all Punjab National Bank (PNB) account holders! Starting 1st July 2025, PNB has officially waived off the penalty charges for non-maintenance of the Average Quarterly Balance (AQB). This means customers can now maintain zero balance in their savings accounts without any penalty.

✅ What Has Changed?

Earlier, PNB used to impose charges if customers failed to maintain a certain minimum average balance in their savings accounts. The minimum balance requirement varied depending on whether the account was in a metro, urban, semi-urban, or rural area.

But now, from 01.07.2025 onwards:

✅ No penalty for low or zero balance

✅ Applicable to all savings account holders

✅ Huge benefit for students, pensioners, and low-income users

Why This Is a Game-Changer

This move will bring financial flexibility to lakhs of PNB customers, especially those in rural and semi-urban areas who often struggle to maintain minimum balances.

> “Banking for all without fear of charges” – this seems to be PNB’s new motto!

It aligns with the government's financial inclusion policy, allowing more people to use banking services without hidden costs.

📢 Who Will Benefit the Most?

👵 Senior citizens and pensioners

🎓 Students with limited income

👨‍🌾 Farmers and rural workers

🧑‍🔧 Daily wage earners

💼 Anyone using the account occasionally

📌 Other Key Information:

This change is automatic – no need to convert your account or apply.

Existing accounts will continue normally without penalty deductions.

Customers will still enjoy all basic banking features like UPI, debit card, ATM withdrawals, passbook services, etc.

Should You Still Maintain a Balance?

Although there’s no mandatory requirement, keeping some balance is always recommended for:

Easy access to services like EMI auto-debit, SMS alerts, etc.

Avoiding accidental overdrawn transactions

But the best part is – no penalties anymore!

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Final Thoughts

PNB's decision to waive minimum balance penalty is a welcoming and customer-friendly initiative. This move is expected to increase trust and boost usage among low-income and rural users.

So if you were worried about maintaining the minimum balance in your PNB account — you can now relax and enjoy truly zero balance banking!

🔁Share this update with friends & family who use PNB, especially students and elders.

Have questions or experiences about this update? Let us know in the comments below!