Facebook Instagram Twitter Youtube
  • EMPLOYEES RIGHTS
  • PROPERTY RIGHTS
  • FINANCE
  • SALARY
  • TAX
  • EPF
  • JOB
  • Authors and Team
    • Complaint Redressal
    • Contact US
    • Cookie Policy
    • Correction policy
    • Disclaimer
    • DNPA Code of Ethics
    • Fact-Checking Policy
    • Onwership and Funding
    • Privacy Policy
    • Terms of Service
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Rightsofemployees.com
- Advertisement -
  • EMPLOYEES RIGHTS
  • PROPERTY RIGHTS
  • FINANCE
  • SALARY
  • TAX
  • EPF
  • JOB
  • Authors and Team
    • Complaint Redressal
    • Contact US
    • Cookie Policy
    • Correction policy
    • Disclaimer
    • DNPA Code of Ethics
    • Fact-Checking Policy
    • Onwership and Funding
    • Privacy Policy
    • Terms of Service
Home FINANCE Saving a/c minimum Balance: Bank has abolished the requirement of maintaining minimum...
  • FINANCE

Saving a/c minimum Balance: Bank has abolished the requirement of maintaining minimum balance in savings account

By
Jyoti
-
July 2, 2025
0
197
Facebook
Twitter
Pinterest
WhatsApp
Telegram
    - Advertisement -

    New Delhi: If you also have a savings account in the country’s leading bank Punjab National Bank (PNB), then this news is useful for you. PNB has given a big relief to its crores of account holders.

    PNB has waived the penalty for not maintaining the minimum average balance (MAB) in the accounts of all its savings account customers. The bank has implemented this rule from July 1, 2025.

    - Advertisement -

    Low income families will get relief.

    In a statement issued by PNB, it was said that this step has been taken to promote financial inclusion and empower customers. The bank has taken this decision especially keeping in mind women, farmers and low income families. After this step of the bank, customers will no longer have to worry about maintaining minimum balance. PNB MD and CEO Ashok Chandra said that this decision shows our commitment towards inclusive banking.

    Customers with current accounts are not worried.

    He said that we want that the financial pressure on customers should be reduced and they should be able to use banking services easily. This facility has been provided by the bank only to customers with savings accounts. Customers with current accounts are not worried about this in any way. This step makes it clear that PNB is a customer-centric and socially responsible bank. This decision is a big step towards making banking easy and fair for all.

    Interest on education loan also reduced

    Earlier, Punjab National Bank (PNB) has reduced the interest rate on education loan given under Vidyalakshmi Yojana by 0.2 percent. PNB said that this initiative strengthens the bank’s commitment along with increasing the reach of education. Let us tell you that Vidyalakshmi Yojana has been designed to provide financial help to students for education. After this change, education loan will start from 7.5 percent depending on the institutions.

    Most Read Articles:-

    • Aadhaar has become mandatory for Pan Card, link it with these easy steps

    • Govt’s new rules for cab companies, they can charge double fare during peak hours

    • Minimum Balance Waiver: PNB removes Minimum average Balance charges for non-maintenance from July 01

    • ELI scheme: Govt approves ELI scheme worth ₹1.07 lakh crore, target to provide 3.5 crore jobs

    • ‘Old Delhi Railway Station should be renamed’, CM Rekha Gupta wrote a letter to the Railway Minister

    - Advertisement -
    • TAGS
    • maintaining minimum balance
    • Saving a/c minimum Balance
    • savings account
    Facebook
    Twitter
    Pinterest
    WhatsApp
    Telegram
      Previous articleSmall Savings Schemes interest rates announced for July-September quarter FY26
      Next article8th Pay Commission: Relief for pensioners! Commuted pension can be received three years in advance
      Jyoti
      Jyoti
      Jyoti , has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. She has done BA in English. She loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @rightsofemployeescom@gmail.com

      Related ArticlesMore From Author

      Weather Update: Heavy rain alert in these states for 3 days! Be careful of the winds
      FINANCE

      Weather Update: Heavy rain alert in these states for 3 days! Be careful of the winds

      What Are the Rights of a Husband in his wife's property ?
      FINANCE

      What Are the Rights of a Husband in his wife’s property ?

      Central Government Has Announced 4% Reservation For the Disabled in its Housing Scheme
      FINANCE

      Central Government Has Announced 4% Reservation For the Disabled in its Housing Scheme

      Recent Posts

      • Weather Update: Heavy rain alert in these states for 3 days! Be careful of the winds
      • What Are the Rights of a Husband in his wife’s property ?
      • Central Government Has Announced 4% Reservation For the Disabled in its Housing Scheme
      • Golden Visa Rule: UAE Has Introduced a New ‘Nomination Based Golden Visa’, You Can Apply From Home
      • What is APAAR ID? Key Feature, Benefits And Apply Online

      Read More

      Weather Update: Heavy rain alert in these states for 3 days! Be careful of the winds

      Weather Update: Heavy rain alert in these states for 3 days!...

      July 7, 2025
      What Are the Rights of a Husband in his wife's property ?

      What Are the Rights of a Husband in his wife’s property...

      July 7, 2025
      Central Government Has Announced 4% Reservation For the Disabled in its Housing Scheme

      Central Government Has Announced 4% Reservation For the Disabled in its...

      July 7, 2025

      Golden Visa Rule: UAE Has Introduced a New ‘Nomination Based Golden...

      July 7, 2025

      What is APAAR ID? Key Feature, Benefits And Apply Online

      July 7, 2025

      EDITOR PICKS

      Weather Update: Heavy rain alert in these states for 3 days! Be careful of the winds

      Weather Update: Heavy rain alert in these states for 3 days!...

      July 7, 2025
      What Are the Rights of a Husband in his wife's property ?

      What Are the Rights of a Husband in his wife’s property...

      July 7, 2025
      Central Government Has Announced 4% Reservation For the Disabled in its Housing Scheme

      Central Government Has Announced 4% Reservation For the Disabled in its...

      July 7, 2025

      POPULAR POSTS

      Public holiday: Govt has declared September 17 as a public holiday....

      September 12, 2024

      School Closed: Govt declares all schools closed till January 15 after...

      December 28, 2024

      Govt Declares December 27 as a Public Holiday…Details Here

      December 26, 2024

      POPULAR CATEGORY

      • FINANCE14266
      • TAX730
      • EPF640
      • JOB219
      • PF149
      • PROVIDENT FUND80
      • PROPERTY RIGHTS52
      • EMPLOYEES RIGHTS50
      ABOUT US
      Rightsofemployees.com brings the Latest News & Top Breaking headlines on Politics and Current Affairs. Up-to-date news coverage, aggregated from sources all over the world by Rightsofemployees.com. Find latest news coverage of breaking news events, trending topics, and compelling articles.
      Contact us: rightsofemployeescom@gmail.com
      • Home
      • About us
      • Authors and Team
      • Contact US
      • Cookie Policy
      • Correction policy
      • Disclaimer
      • DNPA Code of Ethics
      • Fact-Checking Policy
      • Onwership and Funding
      • Privacy Policy
      • Terms of Service
      • Complaint Redressal
      © Copyright 2024 - Rightsofemployees.com Izon web Pvt. Ltd. All Rights Reserved. Contact US Izon Web Pvt. Ltd. Hno. 789, Basement, Dlf Phase 4 Sector 43, Gurgaon, Haryana -122009, Call: +91-9110801499, 0124-4941700
      Go to mobile version