Punjab National Bank has taken this step following the guidelines of the Reserve Bank of India (RBI). PNB customers have to update KYC details for their account before August 8. If you do not update KYC details within the stipulated time, then your bank account may be banned. However, updating KYC details for a bank account is not mandatory for all customers.

For which PNB customers it is necessary to update KYC

Punjab National Bank said in a statement that KYC update is necessary only for those customers whose bank accounts are to be KYC updated by June 30, 2025. According to the PNB statement, “As part of the KYC compliance process, PNB requests customers to provide proof of identity, proof of address, recent photograph, PAN / Form 60, income proof, mobile number (if not available) or any other KYC details to their branch.” KYC update can also be done through PNB One / Internet Banking Services (IBS) or through registered email / post to your branch by August 8, 2025.

What is PNB’s periodic KYC updation policy

PNB, the country’s third largest public sector bank in terms of market cap, had also asked its customers to update their KYC in January this year. According to the PNB KYC periodic update policy, the bank adopts a risk-based approach for periodic update of KYC. Periodic update is required to be done at least once every two years for high-risk customers, once every 8 years for moderate-risk customers and once every 10 years for low-risk customers from the date of account opening/last KYC update.

The post PNB has issued an important notice for its customers, if this is not done then the account may be banned first appeared on Rightsofemployees.com.

PNB has become the second public sector bank in the country to do so. Earlier, Canara Bank had also removed the penalty for not maintaining minimum balance on all its savings accounts from June 2025. Now PNB customers will be able to operate their accounts on zero balance without any additional charges.

What is MAB (Minimum Account Balance)?

MAB means minimum average balance that a certain average amount will remain in your account during a month. If this does not happen then the bank charges a penalty. But now this will not happen in PNB and Canara Bank.

Which accounts will benefit?

All types of savings account holders including savings account, salary account and NRI savings account will benefit from this new facility. This will make access to banking services easier and more people will be able to open accounts as there will be no problem in maintaining minimum balance.

SMS and ATM transaction charges still continue

However, despite the removal of minimum balance penalty, PNB will still charge some other charges. For example, customers will be charged a nominal charge for SMS alert service. Which includes account transaction information, balance alerts and other updates.

Apart from this, 5 free transactions are given every month from PNB Debit Card, which includes cash withdrawal, balance enquiry etc. After this, a charge of Rs 23 will be charged on every additional transaction.

Most Read Articles:-

• ITR Refund: 5, 10 or 20… How many days after filing ITR will the refund be received?

• 8th Pay Commission: Relief for pensioners! Commuted pension can be received three years in advance

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

• Small Savings Schemes interest rates announced for July-September quarter FY26

• Now voter ID card will be available within 15 days: Election Commission

The post No Penalty imposed for not maintaining a minimum average balance in savings account, read the full news first appeared on Rightsofemployees.com.

This decision will benefit women, farmers and low-income groups the most because now they will not have to worry about maintaining the minimum balance in the account. PNB has become the second public sector bank in the country to do so. Earlier, Canara Bank had also removed the penalty for not maintaining the minimum balance on all its savings accounts from June 2025. Now PNB customers will also be able to run their account on zero balance without any extra charge.

What is MAB?

MAB i.e. Minimum Average Balance means that a fixed average amount should be maintained in your account during a month. If this does not happen then the bank charges a penalty. But now this will not happen in PNB and Canara Bank.

Which accounts will get the benefit?

All types of savings account holders including savings account, salary account and NRI savings account will benefit from this new facility. This will make access to banking services easier and more and more people will be able to open accounts as there will be no problem of maintaining minimum balance.

SMS and ATM transaction charges still continue

However, despite the removal of the minimum balance penalty, PNB will continue to levy some other charges. For example, a nominal charge will be taken from customers for the SMS alert service. Which includes transaction information in the account, balance alerts and other updates. Apart from this, 5 free transactions are given every month from PNB debit card which includes cash withdrawal, balance inquiry etc. After this, a charge of Rs 23 will be levied on every extra transaction.

Most Read Articles:-

• 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

• NPCI has issued new rules, Money sent to someone by mistake through UPI can be easily recovered

• Aggregator Guidelines: Big news for Ola, Uber, Rapido! Central government issues guidelines

• Bank Holiday tomorrow: All banks will remain closed tomorrow, Thursday, know why RBI has declared holiday on 3rd July

The post Minimum Balance Waiver: PNB removes Minimum average Balance charges for non-maintenance from July 01 first appeared on Rightsofemployees.com.

The bank has appealed to its customers to update their KYC i.e. Know Your Customer by 10 April 2025. This process is being done as per the rules of the Reserve Bank of India (RBI). It is mandatory for account holders who have not updated their KYC by 31 March 2025. This rule is not for all account holders.

How to update KYC?

• You can update your KYC in multiple ways:
• By visiting bank branch: Visit the nearest PNB branch with Aadhar card, address proof, passport size photo, PAN card/Form 60, income proof and mobile number.
• Through PNB ONE App: Do online KYC from home by logging into the mobile app.
• Internet Banking: Visit PNB website and select KYC update option.
• Through Email or Post: You can send the required documents to your branch.

What happens if KYC is not updated?

If you do not update your KYC by April 10, then transactions will not be possible from your account. The account may be temporarily blocked, due to which you will neither be able to deposit nor withdraw money.

How to check KYC status?

• Login to PNB Internet Banking or PNB ONE App.
• Check KYC status by going to personal settings.
• If an update is required, you will see a message on the screen.

Why is KYC necessary?

KYC i.e. Know Your Customer is an important banking process through which the bank ensures that the customer is correct and genuine. Its purpose is to prevent fraud, wrong transactions and money laundering.

PNB has also advised that customers should not click on any unknown links and download unknown files. If in doubt, visit the nearest branch or visit the official website of PNB to get the correct information.

Related Articles:-

EPFO: Now UAN will be generated and activated only through Umang app. Details Here

Bank Holiday: Banks will be closed for 4 days in the next 5 days! Check the list for your city

Public Holiday Alert: All schools, colleges and banks will be closed on 10th, 14th and 18th. Details Here

The post Bank Alert..! Bank customers should complete this work by today 10th April, otherwise… first appeared on Rightsofemployees.com.

PNB is running many types of savings schemes for its customers, in which you can earn good profits by investing. Today we will tell you about one such savings scheme of PNB, in which you can get fixed and guaranteed interest of Rs 49,943 by depositing Rs 2 lakh. Yes, we are talking about PNB’s FD scheme.

PNB is giving 7.5% interest to senior citizens on 3-year FD

Punjab National Bank is offering 3.50% to 7.25% interest to general citizens and 4.00% to 7.75% interest to senior citizens on FDs with tenures ranging from 7 days to 10 years. Punjab National Bank is offering 7.00% to general citizens and 7.50% interest to senior citizens on FDs with tenures ranging from 2 years and one day to 3 years. If you are a general citizen and deposit Rs 2 lakh in a 3-year FD of Punjab National Bank, then you will get a total of Rs 2,46,287 on maturity, which includes Rs 46,287 of interest.

Deposit ₹2,00,000 and get fixed interest of ₹49,943

If you are a senior citizen and deposit Rs 2 lakh in a 3-year FD of Punjab National Bank, then you will get a total of Rs 2,49,943 on maturity, which includes Rs 49,943 of interest. Let us tell you that customers get a fixed and guaranteed interest on FD i.e. fixed deposit. Even today in this era of stock market and mutual funds, a large section of the country considers FD as the safest investment, because there is no risk of any kind in it like the stock market or mutual funds and you get guaranteed returns.

Related Articles:-

IMD Rain Alert: There will be heavy rain in these states, warning of storm is also there

India got tariff exemption, how Trump changed his decision overnight

DTC Free Bus Service: Delhi govt started lifetime smart card, only these women will get benefit

The post PNB’s Deposit ₹ 2,00,000 in this scheme and get fixed interest of ₹ 49,943. Check all Details first appeared on Rightsofemployees.com.

Let us tell you that this applies to accounts whose KYC is updated by March 31, 2025. In such a situation, the account may also be closed if KYC is not updated. The bank said that customers can go to the nearest PNB branch for assistance or visit the official website.

Why is KYC necessary?

Let us tell you that KYC is a mandatory process that helps banks to verify the identity of their customers. This can prevent fraudulent activities like money laundering and financial scams. As per RBI guidelines, banks must update KYC details from time to time to maintain account security and regulatory compliance.

Who needs to update KYC?

Please note that this requirement of KYC update applies only to those customers whose accounts are up for renewal by March 31, 2025. Affected customers should check their SMS, email or official PNB notifications to confirm whether they need to update their details or not.

How to update KYC in Punjab National Bank?

PNB offers several convenient ways for customers to update their KYC details-

– Visit any PNB branch. Submit the required documents personally.

– Use PNB ONE or Internet Banking Services (IBS). For eligible customers, KYC updates can be done online.

– Send via registered email or post. Customers can submit their KYC documents to their Aadhaar branch via email or postal services.

Related Articles:-

Liquor lovers rejoice! Liquor prices will be reduced from April 1…orders issued

Electricity Bill: How much cheaper has electricity become in THIS state after the new tariff?, Read in detail…

Toll Tax rate Hike: NHAI released a new rate list of tax rates for toll plazas built on this highway

The post PNB Customer Alert: This work has to be done before 10 April, otherwise the account may be closed first appeared on Rightsofemployees.com.

Because customers who do not do so may have their bank account closed.

Let us tell you that Punjab National Bank (PNB) has asked its customers to update their KYC by 31 March 2025 to avail uninterrupted banking services. Actually, this instruction of the bank has come after the instructions of the Reserve Bank of India (RBI), in which RBI has given instructions to complete the KYC of all the customers. According to the notice issued by PNB, customers whose KYC update is pending till 31.03.2025 can update it till 10 April.

Why is KYC necessary?

KYC helps prevent fraud, money laundering and unauthorized transactions. Banks regularly update customer information to ensure security and transparency of financial transactions. If you are a PNB customer, it is important to see whether your KYC information needs to be updated or not. You can also update KYC online, know the method for that.

The post Punjab National Bank asks its customers to update KYC. Check last date first appeared on Rightsofemployees.com.

Punjab National Bank offers FDs with validity ranging from 7 days to 10 years to common citizens. These rates are being given on FDs of more than Rs 3 crore. Let’s see what are the revised interest rates of Punjab National Bank…

Punjab National Bank is giving this much interest on FDs of less than Rs 3 crore

• 7 days to 14 days: For general public – 5.25 percent
• 15 days to 29 days: For general public – 5.25 percent
• 30 days to 45 days: For general public – 5.25 percent
• 46 days to 60 days: For general public – 6.25 percent
• 61 days to 90 days: For general public – 6.25 percent
• 91 days to 179 days: For general public – 6.50 percent
• 180 days to 270 days: For general public – 6.65 percent
• 271 days to 299 days: For general public – 6.75 percent
• 300 days: For general public – 7.00 percent
• 301 days to 302 days – 6.75 percent
• 303 days – 7.00 percent
• 304 days to less than a year – 6.50 percent
• 1 year: For general public – 6.75 percent
• 1 year and above Up to 399 days: For general public – 6.80 percent
• 400 days: For general public – 6.80 percent
• 401 days to 505 days: For general public – 6.80 percent
• 506 days – For general public – 6.70 percent
• 507 days to 2 years: For general public – 6.80 percent
• 2 years to more than 3 years: For general public – 6.50 percent
• More than three years and up to 1203 days – 6.25 percent
• 1204 days – For general public – 6.35 percent
• 5 years to 10 years: For general public – 5.60 percent

Related Articles:-

• IMD warns that heavy rain and thunderstorms will begin in the next 48 hours
• H1B Visa Registration: H-1B visa registration for FY 2026 opens: Check fees, deadlines and other key details
• Vande Bharat: Good news for Passengers….! Indian Railways will run Vande Bharat again on this route, Check route & timing details
• Infosys’ order, employees will have to work from office for at least 10 days
• Ration Card: These Documents Are Mandatory For Adding Children name in Ration Card

The post Bank FD rate Cut: Punjab National Bank has reduced interest on FD, know the new interest rates first appeared on Rightsofemployees.com.

New Delhi: Big news has come out related to lakhs of account holders of Punjab National Bank. PNB has issued an alert to its selected customers to update KYC. The government bank said that the accounts of those account holders who do not update KYC on time as per RBI guidelines can be blocked. In such a situation, to do transactions without any hassle, get your KYC updated before the stipulated time.

These account holders need to get KYC done

Punjab National Bank said that this alert is for those account holders whose KYC update has not been done till 31 December 2024. That is, if the KYC updating of your account is pending, then you will have to complete this process soon. Otherwise, the transaction can be stopped.

Use only these methods to update KYC

PNB has given another important advice to its customers. The bank said that do not click on any suspicious link coming in the name of KYC update or download any unknown file. PNB said that customers should contact the branch or use official channels to update KYC.

Update your KYC from home using PNB App

If you want to update your KYC from home, you can do it through the PNB ONE app.
Step 1: Login to the PNB ONE app.
Step 2: Check KYC status.
Step 3: If KYC update is pending, click on Update KYC.
Step 4: Complete Aadhaar authentication through OTP.

This is the way to update KYC offline

Related Articles:-

The post PNB account holders! Complete this work soon, otherwise your account may get blocked first appeared on Rightsofemployees.com.

The revised rates will be applicable across a wide range of products including home loans, car loans, education and personal loans, ensuring that customers continue to have access to a variety of financing options, PNB said in a statement.

On February 7, after a gap of five years, the Reserve Bank of India (RBI) reduced the repo rate (the rate at which banks borrow from the central bank) by 0.25 per cent to 6.25 per cent.

Following the interest rate cut, PNB has revised the home loan rate under various schemes to 8.15 per cent.

It said, “Customers can avail full waiver of upfront processing fee and documentation fee till March 31, 2025. In the traditional home loan scheme, the interest rate starts from 8.15 per cent per annum and the monthly installment is Rs 744 per lakh.

Regarding motor vehicle loans, it said the interest rate starts from 8.50 per cent per annum for financing both new and old cars and the monthly EMI is as low as Rs 1,240 per lakh.

To promote sustainable mobility, PNB is offering a concession of 0.05 per cent in interest rate starting from 8.50 per cent per annum and an initial EMI of Rs 1,240 per lakh.

“Customers can avail a longer repayment tenure of up to 120 months and enjoy financing of 100 per cent of the ex-showroom price. In case of education loan, the minimum card rate has been reduced to 7.85 per cent per annum,” it said.

Customers can avail personal loans up to Rs 20 lakh through a seamless digital process, eliminating the need for branch visits or paperwork. Revised rates start at 11.25 per cent.

PNB said the new rates are effective from February 10.

Earlier this month, State Bank of India (SBI) had cut interest rates on retail loans, including home loans, by 0.25 per cent in line with the RBI’s policy rate cut.

Related Articles:-

• Top 5 Government Loan Schemes For Women in India
• Govt Scheme: This special scheme for pensioners will start from April 1, know the full details here
• RBI Rule: Can we withdraw money from our account even after the bank closes? Know the rules
• How to open a mutual fund account for minors? A step-by-step guide
• Kotak Mahindra Bank cuts interest on savings account by 50 bps. Check here

The post PNB revises interest rates on retail loans. Details here first appeared on Rightsofemployees.com.

Following the guidelines of the Reserve Bank of India (RBI), Punjab National Bank (PNB) has asked its customers to update ‘Know Your Customer’ (KYC) information by January 23, 2025. This rule is applicable to those account holders whose accounts were pending for KYC update till September 30, 2024. Those who have not yet updated their KYC.

Offline and online KYC process

Customers can submit documents like their identity card, address proof, recent photo, PAN or Form 60, income proof and mobile number at the nearest branch. Apart from this, customers can also complete the KYC process through PNB ONE/Internet banking services or registered e-mail or post.

If KYC is not done then the account will be dormant

PNB has clearly stated that if KYC is not updated by the stipulated time, the account operation can be banned. Or the account can become dormant. That is, you will not be able to do any transaction. Customers have been advised to visit the nearest PNB branch or the bank’s official website for any assistance. So that, customers can go there and get KYC done. Customers should complete their KYC process on time. So that, there is no problem in your banking transaction.

Customers have 8 days left to get KYC done

Punjab National Bank customers have eight days left to get their KYC done. If you do not get your savings account KYC done within eight days, then the bank account will become dormant. You will not be able to do any transaction. Until the account holders get their account KYC done, that is, until they submit the documents, the PNB bank account will not be activated.

Related Articles:-

• 8th Pay Commission: Minimum basic salary will be Rs 51480, not Rs 18000! Employees’ salaries may increase by 186%.
• IMD Alert: There will be heavy rains in these states along with strong winds in the next 48 hours
• H-1B Visa New Rule: Big news for Punjabi youth from America, visas will be issued in droves
• Central govt is bringing a new scheme for crores of farmers, know how farmers will benefit
• Emergency Loan : You can get a loan of 10 thousand on Aadhaar card without guarantee, apply like this

The post Bank Customers ALERT! Customers of this bank should do this before THIS date, otherwise the account may be closed first appeared on Rightsofemployees.com.

PNB KYC Update: There is big news for the customers of public sector Punjab National Bank. If you also have an account in this bank, then you need to be alert, otherwise your account will be closed soon. If you have not yet updated Know Your Customer (KYC), then the last time for you to get it done is January 23, 2025.

Punjab National Bank has said that according to RBI guidelines, it is mandatory for all customers to update KYC. The bank has asked the customers to update their Know Your Customer (KYC) information by January 23, 2025 so that their accounts can be operated smoothly. This is applicable to those customers whose account KYC update was to be done by September 30, 2024.

What details are to be given for KYC?

PNB has asked customers to submit their updated details such as identity proof, address proof, recent photo, PAN/Form 60, income proof, mobile number (if not available) or any other KYC details at any branch. This work can also be done through PNB One/Internet Banking Services (IBS) or registered email/post at your home branch till January 23.

Otherwise you will not be able to use the account
The bank has said that if KYC details are not updated within the stipulated time, there may be a restriction on account operation. For any help, customers can visit their nearest Punjab National Bank branch or visit the official website https://www.pnbindia.in.

What is KYC
Let us tell you that KYC is a way for a bank or company to ensure the identity of the customer. According to the rules of the Reserve Bank of India, it is necessary for the customers to follow the KYC process. Even after opening the account, messages of KYC update keep coming from the bank or company from time to time.

Related Articles:-

• DDA Housing Scheme : You will get the cheapest flats in these 3 housing schemes, applications will start today
• New Flights: Three new flights of Air India Express will take off today, this is how they will be welcomed
• School Timings Changed : Due to severe cold, school timings have changed again, now till January 20, schools will open at this time in the morning
• IMD Heavy Rain : There will be heavy rain in the capital today and tomorrow, Meteorological Department has issued an alert

The post Important News for PNB account holders! Get this important work done, otherwise you will face trouble, 23rd January is the last date first appeared on Rightsofemployees.com.

Punjab National Bank News FD Rates: There is good news for people investing in FD. Government bank Punjab National Bank has added two new plans in the FD rates and has also changed the old rates. The new rates and new plans have become effective from January 1, 2025. Let us tell you, this new rate is for FD of less than Rs 3 crore.

PNB FD Rates: What are those 2 new plans?

Punjab National Bank has launched a new 303-day FD plan. The bank will give 7 percent interest on 303-day FD. At the same time, the bank will give 6.7 percent interest on 506-day FD.

The bank is giving 7.25% interest to ordinary citizens on 400 days FD

PNB FD: Punjab National Bank is currently offering 3.5 percent to 7.25 percent interest on FDs for general citizens. The bank is offering investors the option of FDs ranging from 7 days to 10 years. The bank is offering the highest interest on FDs of 400 days. PNB customers will get 7.25 percent interest for this period.

How much benefit do senior citizens get?

Senior citizens are getting a minimum of 4 percent interest from the bank. At the same time, the maximum interest on FD is 7.75 percent. The senior citizen will get the highest interest from the bank on FD of 400 days. Let us tell you, senior citizens also have the option of getting FD from 7 days to 10 years.

Super senior citizens are getting more than 8% interest

Punjab National Bank has created a new category named Super Senior Citizen. The bank is offering up to 8.05 percent interest on FDs of 400 days to super senior citizens. Senior citizens will get at least 4.3 percent interest on FDs of less than Rs 3 crore. At the same time, the maximum interest being given is 8.05 percent.

FD is still popular today

FD: FD is an investment where returns are guaranteed. This is the reason why it remains quite popular even in today’s time when there are many investment options available.

The post PNB FD Rates: Punjab National Bank has changed the FD rates from 1st January, check new rate first appeared on Rightsofemployees.com.

Keeping the interests of the people in mind, government and private banks also keep launching attractive FD schemes. Now Punjab National Bank has also launched two new fixed deposits. Up to Rs 3 crore can be invested in these 303-day and 506-day fixed deposits.

Investors depositing money in the new FD of Punjab National Bank with a tenure of 303 days will get 7 percent interest. Similarly, the interest rate for the tenure of 506 days is 6.7 percent. These new interest rates have come into effect from January 1, 2025. Senior citizens and super senior citizens will get more interest by investing money in both these FDs. Senior citizens will be given 7.5 percent interest on the FD with a tenure of 303 days and 7.2 percent interest on the FD with a tenure of 506 days. Punjab National Bank is giving 7.85 percent interest on the FD with a tenure of 300 days and 7.5 percent interest on the FD with a tenure of 506 days to super senior citizens.

Interest for general customers from 3.50% to 7.25%

Punjab National Bank FD for general citizens from 7 days to 10 years. The bank’s interest rate is from 3.50% to 7.25%. The highest interest rate is 7.25%, which is available on FD with a tenure of 400 days. For senior citizens, PNB is offering 4% to 7.75% interest on FD for 7 days to 10 years. The highest interest of 7.75% is available on FD with a tenure of 400 days.

For super senior citizens (80 years and above), Punjab National Bank is offering interest ranging from 4.30% to 8.05% on FDs for 7 days to 10 years. Currently, the bank is offering 8.05% interest on a tenure of 400 days.

The post New Bank FD: Govt bank launches 2 new FDs, from interest to tenure, know all the important things first appeared on Rightsofemployees.com.

These new rates have come into effect from 13 December 2024. Customers should be informed that senior citizens do not get extra interest of 0.50 percent on bulk FDs. PNB Bank is paying 7.50 percent interest on bulk FDs.

Punjab National Bank is giving this interest on FDs ranging from Rs 3 crore to Rs 10 crore

• 7 days to 14 days: For general public – 6 percent; For senior citizens – 6 percent
• 15 days to 29 days: For general public – 6%; For senior citizens – 6%
• 30 days to 45 days: For general public – 6 percent; For senior citizens – 6 percent
• 46 days to 60 days: For general public – 6.40 percent; For senior citizens – 6.40 percent
• 61 days to 90 days: For general public – 6.60 percent; For senior citizens – 6.60 percent
• 91 days to 179 days: For general public – 7 percent; For senior citizens – 7 percent
• 180 days to 270 days: For general public – 7.25 percent; For senior citizens – 7.75 percent
• 271 days to 299 days: For general public – 7.25%; For senior citizens – 7.25%
• 300 days: For general public – 7.25 percent; For senior citizens – 7.25 percent
• 301 days to less than 1 year: For general public – 7.25%; For senior citizens – 7.25%
• 1 year: For general public – 7.50 percent; For senior citizens – 7.50 percent
• More than 1 year to 399 days: For general public – 6.80 per cent; For senior citizens – 6.80 per cent
• 400 days: For general public – 6.80 percent; For senior citizens – 6.80 percent
• 401-2 years: For general public – 6.80 percent; For senior citizens – 7.30 percent
• Above 2 years to 3 years: For general public – 6.50%; For senior citizens – 6.50%
• 1204 days – For general public – 6.15 percent; For senior citizens – 6.15 percent
• 1895 days – For general public – 5.45 percent; For senior citizens – 5.85 percent
• 5 years to 10 years: For general public – 5.60 per cent; For senior citizens – 6.60 per cent.

Related Articles:-

Has your Driving Licence expired? Know the easy way to renew it online

SBI Interest Rate: SBI changed the interest rate rules from December 15, check details

New speed limits on Noida, Yamuna Expressways – Know new limits, fines and more

The post Bulk FD Rate: Punjab National Bank increased interest on FD – Check latest rate here first appeared on Rightsofemployees.com.

These new rates have come into effect from October 1, 2024. Punjab National Bank gives FDs from 7 days to 10 years to common citizens. It is giving FD interest between 3.50% to 7.25% on this. At the same time, senior citizens are being offered interest of 4 percent to 7.75 percent. These rates of PNB are for FDs up to Rs 3 crore.

Punjab National Bank is paying this much interest on FDs of less than Rs 3 crore

7 days to 14 days: For general public – 3.50 per cent; For senior citizens – 4.00 per cent

15 days to 29 days: For general public – 3.50%; For senior citizens – 4.00%

30 days to 45 days: For general public – 3.50 per cent; For senior citizens – 4.00 per cent

46 days to 60 days: For general public – 4.50 per cent; For senior citizens – 5.00 per cent

61 days to 90 days: For general public – 4.50 per cent; For senior citizens – 5.00 per cent

91 days to 179 days: For general public – 5.50 percent; For senior citizens – 6 percent

180 days to 270 days: For general public – 6.25 per cent; For senior citizens – 6.75 per cent

271 days to 299 days: For general public – 6.50 percent; For senior citizens – 7 percent

300 days: For general public – 7.05 percent; For senior citizens – 7.55 percent

301 days to less than 1 year: For general public – 6.50 percent; For senior citizens – 7 percent

1 year: For general public – 6.80 percent; For senior citizens – 7.30 percent

More than 1 year to 399 days: For general public – 6.80 per cent; For senior citizens – 7.30 per cent

400 days: For general public – 7.25 percent; For senior citizens – 7.75 percent

400 to 2 years: For general public – 6.80 percent; For senior citizens – 7.30 percent

Above 2 years to 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent

1204 days – For general public – 6.40 percent; For senior citizens – 6.90 percent

1895 days – For general public – 6.35 percent; For senior citizens – 6.85 percent

5 years to 10 years: For general public – 6.50 per cent; For senior citizens – 7.30 per cent.

Related Articles:

Banks Closed On October 11: Here’s Why RBI Has Declared A Bank Holiday

Demat Account: You can invest in shares through SIP through Demat Account, know its process

How to Know Which Mobile Number is Linked to Your Aadhaar Card – Quick step by step guide

The post PNB FD rate Hike: Punjab National Bank has increased the interest on FD, check interest rate first appeared on Rightsofemployees.com.

The new rates have come into effect, which has increased the possibilities of better returns for FD investors.

If you are planning to invest in Fixed Deposit (FD), then there is good news for you. Some major banks have increased the interest rates of FD, due to which investors will now get a chance to get an annual return of more than 8%. Punjab National Bank, Punjab & Sind Bank and Bank of Baroda have revised their interest rates. If you are planning a high return FD, then you can get FD with the new rates of these banks. These new rates have become effective from October 3, 2024.

In recent times, the number of people investing in FDs has increased rapidly. The main reason for this is that there is no risk of market fluctuations when investing in FDs and a fixed return is guaranteed. Although the interest rates of FDs may be relatively low compared to other schemes, investors still prefer to invest here considering it a safe option. Let us know what changes have happened in the interest rates.

Punjab National Bank

For general citizens, Punjab National Bank is offering interest rates ranging from 3.50% to 7.25% for tenures ranging from 7 days to 10 years, while for senior citizens, the interest rate ranges from 4% to 7.75% and for super senior citizens, the interest rate ranges from 4.30% to 8.05%. Especially high interest rates of 7.25%, 7.75% and 8.05% are being offered for tenures of up to 400 days.

Punjab & Sind Bank

Punjab & Sind Bank is offering interest rates ranging from 2.80% to 7.25% to general citizens on FDs with tenures ranging from 7 days to 10 years. Also, senior citizens are getting an additional interest of 0.50% on fixed deposits of less than Rs 3 crore. Super senior citizens are also being given an additional benefit of 0.15% on FDs of certain periods (222 days, 333 days, 444 days, 666 days, 999 days).

Bank of Baroda

Bank of Baroda is also luring investors with attractive interest rates. For general citizens, rates ranging from 4.25% to 7.15% are applicable on FDs with tenures ranging from 7 days to 10 years. Senior citizens are getting interest rates ranging from 4.75% to 7.60%, while super senior citizens are also being given the benefit of additional interest rates.

Related Articles:-

IMD issued alert: Big news….! Heavy rain warning on 5th and 6th October, check weather condition

Tax Rules on FD: There are big benefits of getting FD in the name of wife, Do you know?

Visa Fees Hike: This country hikes tourist, student, work visa fee by up to 60% starting Oct

The post FD Interest Rates: Big change in FD interest rates, now investors will get more than 8% return first appeared on Rightsofemployees.com.

Punjab National Bank has changed many rules. This includes rules from charges related to savings account to locker. Punjab National Bank, the country’s second largest public sector bank, has announced changes in its savings account rules. The new rules will come into effect from October 1, 2024. In this, the rules from savings account to locker charges, minimum balance etc. have changed. Let’s know about this.

The bank has changed the rules for the average balance of its savings account. Now the monthly and quarterly balance in the accounts of rural areas must be Rs 500, Rs 1,000 in semi-urban areas and Rs 2,000 in metro cities. If you do not maintain the minimum balance, you may be fined Rs 50 to Rs 250.

The bank has also decided to change its locker rent charges. Now customers will have to pay Rs 1,000 annually for a small locker in rural areas, Rs 1,250 in semi-urban areas and Rs 2,000 in metro cities. For a medium-sized locker, you will have to pay Rs 2,200, Rs 2,500 and Rs 3,500. For a large locker in big cities, you will have to pay Rs 2,500, Rs 3,000 and Rs 5,500.

Also Read: 5 superhit schemes of SBI Bank! Will make you rich in just 400 days 

The bank has also changed the rules for demand draft. Now you will have to pay 0.40 percent charge for DD which should be between Rs 50 to Rs 15,000.

Now you will have to pay Rs 200 for issuing a duplicate demand draft. Earlier it was Rs 150. If the cheque is returned due to insufficient balance, you will have to pay a penalty of Rs 300 per cheque. You will be charged a fee of Rs 300 for current account, cash loan and OD account in a financial year. In case of the fourth cheque being returned, a fee of Rs 1,000 will be charged from the customers. If the cheque is returned due to any other reason, a fee of Rs 100 will be charged. There will be no fee for technical reasons.

Related Articles:-

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On Sep 10

18% GST will be levied on payment through credit/debit card

Weather Today: Alert of heavy rain in 12 districts of this state, warning of thunderstorm at more than 50 places

The post Bank changed rules from savings account to locker, New rules will be applicable on this day first appeared on Rightsofemployees.com.

Now the state government has postponed this order for 15 days. Chief Minister Siddaramaiah decided to put this decision on hold to consider the request made by both the public sector banks.

The Karnataka government, in a circular issued on August 12, had ordered all its departments, boards, corporations, public sector units and universities to stop all government transactions with SBI and PNB.

There will be time to resolve the issues

The government said in a statement, “After considering the requests of the banks, the Chief Minister of the state has directed the officials of the Finance Department to hold the circular for 15 days.” Holding the previous circular will give the banks enough time to resolve the related issues and address the concerns of the government. According to the statement, the government is committed to ensuring transparency and accountability in all its transactions. The government says that we will continue to monitor the situation and take appropriate action to protect the interests of all stakeholders.

Also Read: IT department warns taxpayers about fake messages and emails

Crores of rupees are stuck in these banks of the state government

According to the statement, the action was taken in response to alleged frauds in bank branches, which led to non-repayment of fixed deposits made by the Karnataka State Pollution Control Board (KSPCB) and Karnataka Industrial Area Development Board (KIADB). It also said that due to scams in these banks, Rs 12 crore of KIADB is stuck in PNB and Rs 10 crore of KSPCB is stuck in SBI for years.

The post Karnataka govt pauses circular prohibiting 15-day hold on withdrawal of SBI, PNB deposits first appeared on Rightsofemployees.com.

Both these banks are owned by the central government. The Finance Department of the Karnataka government has directed all state departments to close their accounts in these banks and recover their deposits immediately.

The order said, “Accounts held by state government departments, public enterprises, corporations, local bodies, universities and other institutions in the State Bank of India and Punjab National Bank should be terminated immediately. In addition, no further deposits or investments should be made in these banks.” This order has come at a time when there is a tug of war between the Congress and the BJP over the alleged money transfer scam involving the state-run Karnataka Maharishi Valmiki Scheduled Tribe Development Corporation Limited. Let us tell you that Congress is currently in power in Karnataka.

The alleged scam came to light after suicide

The corporation’s accounts superintendent Chandrasekhar P committed suicide on May 26 and left behind a note. The note claimed that ₹187 crore belonging to the corporation was transferred without approval. Of the total amount, ₹88.62 crore was diverted to the accounts of IT companies and a Hyderabad-based cooperative society.

In the order, the state finance department mentioned an alleged fraud involving funds of the Karnataka Industrial Area Development Board. It is alleged that the money was withdrawn from Punjab National Bank accounts with the connivance of bank officials. The government said the matter is pending in courts and several crores of rupees are still not refunded.

Similarly, the Karnataka State Pollution Control Board had deposited money in SBI Bank, which was allegedly adjusted against a loan for a private company using forged documents in 2013. This case is also pending in court. The order said the process of closing accounts with both the banks and withdrawing the money should be completed by all departments by September 20 and the deputy secretary should be informed.

The post Karnataka government suspends all Transactions with SBI and PNB amid allegations of fund misuse first appeared on Rightsofemployees.com.

These changes have been made on FDs of different periods. Public and private sector banks like SBI, HDFC Bank, ICICI Bank and Punjab National Bank (PNB) are offering many new FD schemes.

State Bank of India (SBI):

State Bank of India (SBI) has launched a new special FD scheme called ‘Amrit Vrishti’. Under this scheme, general customers can avail 7.25% interest rate for a period of 444 days, while for senior citizens the rate is 7.75%. This scheme is available for investment from 15 July 2024 to 31 March 2025. SBI FD rates on other periods including 7 days to 10 year FDs range from 3.50% to 7.00%.

Also Read: Weather Forecast: IMD has issued an alert regarding heavy rain in these districts for the next two days

HDFC bank:

HDFC Bank is offering interest rates ranging from 3% to 7.4% for FDs of 7 days to 10 years. The maximum interest rate for general customers is 7.4%, while senior citizens are offering an interest rate of 7.90% for FDs of 4 years 7 months to 55 months. These revised rates are applicable from July 24, 2024.

ICICI Bank:

ICICI Bank is offering FD rates ranging from 3% to 7.20% for FDs of 7 days to 10 years. These rates are applicable from July 30, 2024.

Punjab National Bank (PNB):

Punjab National Bank (PNB) is offering a maximum interest rate of 7.25% for 400 days FD from August 1, 2024. For 300 days FD, the rate is 7.05%. For one and two year term FDs, the interest rate is 6.80%. For three-year FDs, the interest rate is 7.00% and for four and five-year FDs, the interest rate is 6.50%.

The post Golden opportunity for investors, SBI, HDFC, ICICI and PNB raised interest rates first appeared on Rightsofemployees.com.

The Reserve Bank said that PNB also failed to maintain records related to the identity and address of customers obtained during the business relationship in some accounts. However, the central bank said that this fine imposed on PNB is based on deficiencies in regulatory compliance and is not intended to affect the validity of any transaction or agreement entered into by the bank with its customers.

Also Read: Big Relief for LIC Policy Holders! Policy surrender money will be received within 48 hours, know the details

Shimsha Sahakar Bank regular license cancelled

Apart from this, RBI has canceled the license of Karnataka-based Shimsha Sahakara Bank Niyamiti, Maddur due to its deteriorating financial condition. RBI said in a statement that the bank will stop banking operations after the end of working hours on July 5, 2024. The Registrar of Cooperative Societies of Karnataka has also been requested to issue an order to close this cooperative bank and appoint a liquidator for the bank.

Every depositor of Shimsha Sahakar Bank Niyam will be entitled to get a claim amount of up to Rs 5 lakh on his deposits from the Deposit Insurance and Credit Guarantee Corporation (DICGC). Let us tell you that if a bank collapses, becomes bankrupt or its license is canceled, then the depositor’s total deposit of up to Rs 5 lakh in that bank is safe.

Continuation of operations of the bank is detrimental to the interests of depositors

RBI has said that about 99.96 percent of the depositors of Shimsha Sahakar Bank Nigam are entitled to receive the full amount of their deposits from DICGC. The bank does not have adequate capital and earning prospects. Its continuation of operations is detrimental to the interests of its depositors. According to the statement, “Due to its current financial position, the bank will be unable to make full payment to its depositors.”

The post RBI imposed a fine of ₹ 1.31 crore on PNB, cancelled the license of one bank first appeared on Rightsofemployees.com.

According to the notification, “Dear Customers, please be informed that the Lounge Access Program for all variants of RuPay Platinum Debit Card has been revised from July 1, 2024 as follows-

1. One domestic airport/railway lounge access every quarter
2. Two international airport lounge access annually

Updated list of lounges is available at – https://www.rupay.co.in/lounges. Heartfelt thanks, Punjab National Bank.”

Also Read: Karnataka government hikes petrol diesel prices by Rs 3 per Litre. Details Here

What is Airport Lounge Access ?

Airport Lounge Access is a facility provided at the airport where you can go and spend your time. Here you can read free magazines. Apart from food, you can also use free WiFi. On entering the lounge, you get a chance to stretch out and be stress-free at the airport. If you reach the airport very early or there is a lot of time between connecting flights, then entry to the airport lounge is very useful.

The post PNB has changed the rules for airport lounge access, new rule will be applicable from July 1 first appeared on Rightsofemployees.com.

The bank has said in its notification that accounts in which there has been no transaction in the last 3 years. Also, those whose account balance has remained at zero rupees for the last three years. It is going to close them. Notice has been sent to such customers. Those accounts will be closed one month after sending the notice. If you want to keep those accounts active, then you will have to go to the bank branch and get KYC done.

PNB took a big decision to close the account

Many scammers misuse such accounts which are not being used by the customers for a long time. The bank has taken this big step to deal with such cases. According to the notification issued by the bank, the calculation of the account will be done on the basis of 30 April 2024. PNB has said in its notification that all those accounts will be closed after 1 month, which are not active for the last 3 years. That is, they are not operating. Such accounts whose bank account is zero in the last three years and in which no activity i.e. transaction has been done. The bank has sent notice to such customers. Accounts will be closed after 1 month till the date of notice.

Also Read: DA Hike: From July 1, 55% central employees will get dearness allowance? Details Here

These accounts of PNB will not be closed

The bank will not close the Demat Accounts. That is, this rule will not apply to Demat Accounts. In a post shared on social media, the bank said that PNB Bank will not close the accounts opened for schemes like Sukanya Samriddhi Yojana (SSY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY). Also, it will not close the Minor Savings Account.

Bank accounts can be activated by getting KYC done

According to the notification issued by the bank, if the account becomes inactive and the customer wants to activate the account again, then such customers will have to go to the branch and fill the KYC form. Along with the KYC form, the customer will also have to attach the necessary documents. After this, their account will be activated. Customers can go to the bank for more information.

The post Bank Holders Alert: These accounts of Punjab National Bank will be closed by the end of June. Details Here first appeared on Rightsofemployees.com.

Apart from this, the bank had also said that even if there is no balance in the account then the account will become inactive.

This means that if you have not done any transaction of any kind in your PNB bank account for the last three years, then your account would have been closed from June 1, 2024. Apart from this, if there is no money in your account for a long time i.e. the account balance is zero, then also the account would have become inactive.

The accounts of these account holders will remain active

According to the notice of PNB, the bank has given concessions to some special account holders. If an account holder has a locker or a Demat Account in PNB, then his account will not be closed. That is, even if the account holder has not done any transaction for three years, his account will remain active.

At the same time, the accounts of those account holders who opened accounts to take advantage of the government scheme will also not be deactivated. Apart from this, the accounts of customers below 25 years of age will also remain active.

Also Read: Dust storm alert! IMD issued yellow alert regarding stormy weather and rain, check immediately

If the bank account of any account holder is frozen on the orders of the court, income tax department or any other legal institution, then in such case the bank account will not be closed.

Why did the bank take this decision

According to the bank, many people used to misuse such inactive accounts. In such a situation, keeping in mind the security of the account, the bank has taken this decision.

The bank said that after this decision, inactive accounts cannot be used for illegal activities like fraud or money laundering.

how to activate inactive account

If your PNB account becomes inactive, then to activate it again you will have to go to the nearest branch of the bank. Here you will have to submit the KYC documents required to activate the bank account.

The post Bank Alert: Many accounts of this government bank were closed in June, know the reason first appeared on Rightsofemployees.com.

Public sector Punjab National Bank (PNB) says that from June 1, it will close those accounts which are inactive for at least three years and have no balance. If such customers want to save their bank accounts from closure, then they will have to complete the KYC (Know Your Customer) process by 31 May 2024. The bank has clarified that no further notice will be given to the account holders after May 31.

These accounts will not be closed
Punjab National Bank said that it has given special concession to some accounts. They will not be closed even after being inactive for 3 years or having zero balance. These include locker or demat account. Also, accounts opened for customers below 25 years of age and availing benefits of government schemes will also not be closed.

If an account has been frozen on the orders of the court, Income Tax Department or any other legal institution, then it will also not be closed.

Why is the bank closing the account?
Punjab National Bank says that it is taking the decision to close inactive accounts for security reasons. Sometimes inactive accounts also get misused. Later it can also be used for illegal activities like fraud or money laundering. In such a situation, it has been decided to close them.

Will the account be activated again?
If you come to know after June 1 that your account has been closed due to inactivity, you will still be able to reactivate it. However, for this you will have to go to the nearest branch of the bank and submit the necessary KYC documents there.

Post Office Scheme! You will get Rs 8 lakh by depositing Rs 5,000 every month, see details here

The post Bank Account Holder Alert: This bank will close these accounts from June 1, gave ultimatum to customers first appeared on Rightsofemployees.com.

Home loan is a long term loan. Home loans usually last for 15 to 20 years. Due to this, people have to pay huge amount as interest. If the interest rate is low, there is huge savings on home loan in the long run. We are telling you about those 5 banks which are giving home loan at the lowest interest.

If you look at the current home loan interest rates offered by the top 5 banks – Bank of Baroda, Punjab National Bank, SBI, HDFC Bank and ICICI Bank, you will find that their rates range from 8.4% to 10.90%. You can save big by taking home loan from these banks.

Bank of Baroda

Bank of Baroda (BoB) home loan interest rates start from 8.4% per annum to 10.90% for tenures up to 30 years.

Punjab National Bank

Punjab National Bank home loan interest rates start from 8.4% per annum and go up to 10.25% per annum (on floating basis) for tenures up to 30 years.

SBI Home Loan

State Bank of India (SBI) is currently offering home loan interest rates starting from 8.50% per annum to 9.85% for tenures up to 30 years.

HDFC bank

HDFC Bank home loans start at 8.7% per annum for tenures up to 30 years and loan amounts up to Rs 10 crore. One can avail a loan up to 90% of the property price.

ICICI Bank

ICICI Bank currently offers home loan interest rates starting at 8.75% per annum for tenures up to 30 years. The bank charges a processing fee of 0.5%.

Canara Bank and Central Bank

Canara Bank and Central Bank of India are charging interest at the rate of 8.5 percent on home loans. The EMI on a home loan of Rs 75 lakh for a tenure of 20 years will be Rs 64,650. The interest rate on home loan in Kotak Mahindra Bank starts from 8.7 percent. The EMI on a home loan of Rs 75 lakh for a tenure of 20 years will be Rs 65,550.

TCS Salary Hike : Announcement of increase in salary of TCS employees by 15%, check details here

The post Home Loan: Save big on Home Loan! These top 8 banks are giving loans at lowest interest first appeared on Rightsofemployees.com.

Know how much profit everyone from ordinary people to super senior citizens can earn on an investment of Rs 1 lakh, 2 lakh and 5 lakh. Let us know about it in detail.

If you like safe investment and want bumper returns, then there is a special scheme option for you in Punjab National Bank (PNB). The special thing is that in this scheme you will not have to invest your money for a very long time,

but even in a short time you will get good profits. We are talking about the fixed deposit scheme of PNB, on which PNB has recently increased the interest rates. The new interest rates have come into effect from January 8.

The interest on this FD has been increased by Punjab National Bank by 80bps i.e. 0.80%. With the increased interest rates, now general people, senior citizens and super senior citizens will all get the benefit of increased interest rates on this FD.

In such a situation, now interest up to 7.85% can be charged on this FD. Know how much profit everyone from ordinary people to super senior citizens can earn on investment of Rs 1 lakh, 2 lakh and 5 lakh.

These are the increased interest rates

In this fixed deposit scheme of PNB, common people are getting interest at the rate of 7.05%, which was earlier 6.25%, while senior citizens will get 7.55% interest which was earlier 6.75%. Super senior citizens can avail the best interest on this. Now they will get interest at the rate of 7.85% which was earlier 7.05%.

How much profit on investment of Rs 1 lakh

General people: Interest rate 7.05%, profit Rs 6,362 = amount after maturity Rs 1,06,362
Senior Citizen: Interest rate 7.55%, profit Rs 6,405 = amount after maturity Rs 1,06,405
Super Senior Citizens: Interest rate 7.85%, profit Rs 6,665 = amount after maturity Rs 1,06,665

How much profit on investment of Rs 2 lakh

General people: Interest rate 7.05%, profit Rs 12,723 = amount after maturity Rs 1,12,723

Senior Citizen: Interest rate 7.55%, profit Rs 12,810 = amount after maturity Rs 1,12,810
Super Senior Citizens: Interest rate 7.85%, profit Rs 13,330 = amount after maturity Rs 1,13,330

The post PNB gave very good news to super senior citizens! You will get interest of Rs 33,326 on investment of Rs 5 lakh in FD first appeared on Rightsofemployees.com.

The financial year 2023-24 is in its final stages. Only a few days are left for this financial year to end. As time is passing, there is a race to save tax at the last moment. Some are investing in insurance and some are investing in government schemes. While very few people know that Equity Linked Savings Scheme

– ELSS (Equity Linked Savings Scheme) is one of the best tax saving investment options to save tax, but it also has risks. Most of the people who invest or save tax do not want to take risk on their investments. They want their money to be safe, even if the returns are low. For them, security of their earnings comes first. In such a situation, if you want to invest money safely to save tax, then Tax Saver Bank FD can be a good option.

What is Tax Saving Bank FD and in which banks this facility is being provided. What interest are banks offering on tax saving FD? Here we are discussing it in detail.

What is tax saving bank FD

Tax Saver Bank Fixed Deposit-FD provides the benefit of tax exemption under Section 80-C of the Income Tax Act. Tax Saver Bank FD is for 5 years. Money cannot be withdrawn from bank FD during the lock-in period of five years. In this, returns are guaranteed along with security of money.

Tax saving FDs from banks are operated under the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India- RBI. In this, the amount of Rs 5 lakh of the bank and the investor is covered.

However, the biggest disadvantage of tax saving bank FD is that the interest earned on it is tax deductible. For bank FD investors, including those with five-year tax savings, the tax liability does not end with the TDS deduction.

The interest received from FD is included in the annual income of the investor and then tax is imposed as per the income tax slab. Also, unlike regular FDs, most banks generally do not allow you to take a loan against a tax saver FD, while you can also take a loan against a regular FD.

How much tax can be saved in tax saving bank FD?

In Tax Saving Bank FD, the investor gets tax exemption on other savings schemes like PPF, repayment of home loan principal, life insurance premium etc. Tax exemption of up to Rs 1.5 lakh can be claimed on a five-year tax saving FD.

FD schemes and interest rates in 10 big banks

Here we are discussing in detail about the FD schemes of the top 10 banks of the country and the interest being given on FD-

HDFC Bank

EdgeFC Bank is offering 7 percent annual interest on normal FD. Here, senior citizens are being given half a percent more interest on FD at the rate of 7.5 percent.

ICICI Bank

ICICI Bank is giving interest on FD at the rate of seven and a half percent like HDFC Bank.

State Bank Of India

SBI, the country’s largest government bank, is offering 6.5 percent interest on general FD and 7.5 percent interest on FD for senior citizens.

Kotak Mahindra Bank

Kotak Mahindra Bank offers fixed deposit schemes to ordinary individuals for tenures ranging from 7 days to 10 years. This bank is giving interest rates ranging from 6.2 to 6.7 percent.

Axis Bank

Axis Bank is giving the highest interest rate of 7 percent on general FD and 7.75 percent interest on Senator Citizen. Here FD can be made for 5 to 10 years.

IndusInd Bank

IndusInd Bank is also giving interest at the rate of 7.25 percent on regular i.e. normal FD. For senior citizens, interest is being given at the rate of 7.75 percent per annum.

Bank of Baroda

Bank of Baroda is running such a scheme. Bank of Baroda is giving interest at the rate of 6.5 and 7.15 percent per annum on FD.

Punjab National Bank

FD rates in Punjab National Bank are also lower than private banks. Here, 6.5 percent interest is being given on general FD, whereas 7 percent interest is being given on FD for senior citizens.

The post Saving FD Scheme : These banks are giving great interest on tax saving FD..Check Full details first appeared on Rightsofemployees.com.

Tax Saving FD Interest: If you also come under the income tax slab, then this news is useful for you. Under the old tax regime, you can reduce taxable income by showing investments in different sections of income tax. Up to Rs 1.5 lakh can be invested under Section 80C. There are two months left for the completion of the financial year. If you do not invest keeping tax planning in mind at this time, you may have to pay more income tax.

There will be tax saving by investing here also

Most of the employers have asked their employees to submit investment proof. In such a situation, you can also save tax through PPF, NPS, Sukanya Samriddhi Yojana (SSY), ELSS, PF or insurance premium by keeping in mind the investment options. To avoid any kind of risk, investors can also invest in tax saving FD. The interest rate available on this is lower than other FDs. Let us know about banks and their interest rates-

Interest rate up to 7 percent in these banks

Axis Bank, HDFC Bank and ICICI Bank are offering interest rates up to 7 percent on tax saving FDs. These banks offer the best interest rates among private banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.12 lakh in five years. Canara Bank is offering interest up to 6.7% on tax saving FD. This bank is giving the best interest among public sector banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.09 lakh in five years.

There will be tax saving by investing here also

Most of the employers have asked their employees to submit investment proof. In such a situation, you can also save tax through PPF, NPS, Sukanya Samriddhi Yojana (SSY), ELSS, PF or insurance premium by keeping in mind the investment options. To avoid any kind of risk, investors can also invest in tax saving FD. The interest rate available on this is lower than other FDs. Let us know about banks and their interest rates-

Interest rate up to 7 percent in these banks

Axis Bank, HDFC Bank and ICICI Bank are offering interest rates up to 7 percent on tax saving FDs. These banks offer the best interest rates among private banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.12 lakh in five years. Canara Bank is offering interest up to 6.7% on tax saving FD. This bank is giving the best interest among public sector banks. If you invest Rs 1.5 lakh here, it will increase to Rs 2.09 lakh in five years.

SBI is giving 6.5 percent interest

The largest public sector banks SBI and Bank of Baroda are offering interest up to 6.5 percent on tax saving FDs. Banks offering interest at this rate also include Punjab National Bank and Union Bank of India. By investing Rs 1.5 lakh here, you will get an amount of Rs 2.07 lakh on maturity in five years. Indian Bank is offering 6.25 percent interest on tax saving FD. Here an investment of Rs 1.5 lakh will increase to Rs 2.05 lakh in five years.

Bank of India is giving interest at the rate of 6 percent on tax saving FD. If you invest Rs 1.5 lakh here, this money will increase to Rs 2.02 lakh in five years. Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of RBI, gives investment guarantee on FDs up to Rs 5 lakh.

The post FD Interest Rate : From SBI to HDFC, these banks are offering the highest interest on tax saving FDs. first appeared on Rightsofemployees.com.

Interest increased on FD for which tenures?

The bank has increased the interest on FDs of 180 days to 270 days from 5.5 percent to 6 percent. The bank has increased the interest on FDs of 271 days to less than one year by 0.45 percent to 6.25 percent. Earlier it was 5.80 percent. The interest on 400 days FD has been increased by the bank from 6.80 percent to 7.25 percent. At the same time, the bank has reduced the interest on FD of 444 days from 7.35 percent to 6.80 percent.

Source: PNB

The bank is giving interest ranging from 4 percent to 7.75 percent to senior citizens. At the same time, the bank is giving interest ranging from 4.3 percent to a maximum of 8.05 percent to very senior citizens.

The post PNB FD rate Hike: Punjab National Bank has increased the fixed deposit interest rate on on this tenure first appeared on Rightsofemployees.com.

PNB KYC Updating

PNB has issued a press release on December 7 saying that it has asked its customers to update their KYC (Know Your Customer) details as soon as possible, otherwise their account may be closed. For this, the last date given by the bank is December 18, 2023.

KYC Updation

PNB has said that as per RBI guidelines, KYC updation is mandatory for all customers. If your account has not been KYCed by September 30, 2023, then you have to update your details before December 18, 2023 through PNB ONE/Internet Banking Service (IBS)/registered e-mail/post or by visiting the bank in person. If your account is not updated, the operation of your account may be stopped.”

Important Announcement!

Please take a note!#Announcement #KYC #PNB #Digital #Banking pic.twitter.com/g0C3sRGEGs

— Punjab National Bank (@pnbindia) December 5, 2023

What details are to be given for KYC?

Punjab National Bank has said that customers will have to provide ID proof, address proof, recently taken photo, PAN, income proof, mobile number etc. for KYC.

The post Big alert for PNB customers! Do this work immediately before 18th December, otherwise your account will be closed first appeared on Rightsofemployees.com.

The bank has told that if the KYC update of your bank account is due from September 30, 2023, then you can easily update the KYC by visiting any branch of the bank till December 18, 2023. Apart from this, KYC is being updated in the bank account through PNB One App, IBS, email and post.

KYC mandatory

The bank posted on its official social media handle that as per RBI guidelines, it is mandatory for all customers to update KYC. If any customer is due to update the KYC of your account from September 30, 2023, then before December 18, you can update your KYC through any branch or mobile app PNB One, IBS, post and registered e-mail etc. It was also told that if KYC is not updated then the transactions in the account may be affected.

Documents to get KYC done

According to the PNB website, you can use the government documents given below to get the KYC of an individual account done.

• Passport
• PAN card
• Voter ID
• driving license
• NREGA job card
• Aadhar card

Apart from this, electricity bill, telephone bill, water bill, postpaid mobile bill, water bill and gas bill can be used.

The post PNB issued alert, do this work immediately, otherwise transactions will be affected first appeared on Rightsofemployees.com.

In such a situation, if you are going to buy a car or a house, then you can save a lot on the loan amount. Many banks of the country have come up with festive offers.

If you are buying a car or house on Dhanteras or Diwali, you can save big on the loan amount. Many big banks of the country are offering festive discounts. These include PNB, SBI and Bank of Baroda. Punjab National Bank (PNB) has launched a new offer called ‘Diwali Dhamaka 2023’ aimed at capitalizing on Diwali 2023.

The bank said that under this offer, PNB customers can avail home loan at a low interest rate of 8.4% per annum. Many other banks including Bank of Baroda (BoB) and State Bank of India (SBI) have also launched their 2023 festive offers on various products including home loans.

PNB special offers

Punjab National Bank (PNB) said that PNB customers can avail car loans at interest rates starting from 8.75%. Along with this, processing and documentation fees will be zero. For those who take home loan from PNB, the interest rate starts from 8.4%. The bank will also not charge any processing fee or documentation fee.

What is SBI offering?

State Bank of India (SBI) is also offering special offers in view of Diwali 2023. According to the bank, customers will be given discounts on term loan interest rates based on their credit bureau score. For example, if an SBI customer’s CIBIL score is between 700 to 749, then he can get a term loan at an effective interest rate of 8.7%. Apart from this, additional interest rate rebate of (0.2%) will be given to home loan borrowers having credit score of 700 and above.

BOB what a late discount

Bank of Baroda’s special festive campaign ‘Feeling of Festival with BOB’ will run till December 31, 2023. Under this special campaign, home loan interest rates start from 8.4% and no processing fee will be charged by the bank. Additionally, BoB customers can avail car loans at interest rates starting from 8.7% per annum, the bank said. For both car and education loans, BOB customers will not have to pay any processing fee, the bank said.

The post Diwali offers: Take home-car loan from PNB, SBI and Bank of Baroda and get bumper discounts first appeared on Rightsofemployees.com.

PNB has increased the bank FD rates by half a percent. Those customers who have made FD of less than Rs 2 crore will get the benefit of this. The new rates of bank FD have come into effect from November 1.

How much interest is the common citizen getting?

Punjab National Bank customers are getting interest at the rate of 3.5 percent on FD of 7 to 45 days, 4.5 percent on FD of 46 to 179 days, 5.5 percent on FD of 180 days to 270 days.

Senior and Super Senior Citizens

PNB Senior Citizens are getting 50 basis points more interest. Apart from this, super senior citizens are getting 80 basis points more interest. 

For which period is the highest interest available?

The highest interest is being given by the bank on FD of 444 days. In this, interest of 7.25 percent is being given to ordinary citizens, 7.75 percent to senior investors and 8.05 percent to super-senior investors. Let us tell you, additional interest is being given by the bank to the customers between 60 years to less than 80 years. At the same time, the bank is giving 0.80 percent interest to very senior citizens.

The post PNB Bank FD Rates: Punjab National Bank has changes fixed deposit interest rate, check new rate first appeared on Rightsofemployees.com.

This benefit will be available to common people, senior and super senior citizens on deposits of less than Rs 2 crore. These new FD rates will be applicable from November 1st. At present, Punjab National Bank is offering the highest rate of 7.25 percent to the common people, which is available for a period of 444 days.

What are the new changes

The bank has informed that it has increased the interest rate on FD for the period of 180 to 270 days for the common people by half a percent and has increased the rates from 5.5 percent to 6 percent. Whereas for the period of more than 271 days and less than one year, FD rates have been increased by 0.45 percent and it has been increased from 5.8 percent to 6.25 percent.

According to the bank’s website, senior citizens i.e. Indian citizens above 60 years and below 80 years will get half percent extra on FD for tenure less than 5 years and 0.8 percent extra on FD for tenure more than 5 years. This increase will be applicable on domestic deposits up to a limit of less than Rs 2 crore.

On this basis, the interest rate on FD for senior citizens for a period of 180 to 270 days has increased from 6 percent to 6.5 percent. Whereas for the period of more than 271 days and less than one year, the FD rate has been increased from 6.3 percent to 6.75 percent.

Whereas for Super Senior Citizens, the interest rate on FD for period of 180 to 270 days has increased from 6.3 percent to 6.8 percent. Whereas for the period of more than 271 days and less than one year, the FD rate has been increased from 6.6 percent to 7.05 percent.

What are the interest rates of Punjab National Bank?

Punjab National Bank is currently offering FD options for a period of 7 days to 10 years in which interest ranging from 4 percent to 7.75 percent is being offered. The highest interest is available on FD of 444 days, here the investor is getting interest up to 7.75 percent.

(Disclaimer: The advice or views given on Rightsofemployees.com are the personal views of the expert, brokerage firm, the website or management is not responsible for it. Before investing, please consult your financial advisor or certified expert.)

The post PNB FD rate: You will get more interest than before on these special tenure FDs of PNB, see details here first appeared on Rightsofemployees.com.

Whenever a bank ignores RBI rules and does its own thing, the central bank can impose a fine on it. In this series, RBI has imposed penalty on Punjab National Bank (PNB), Federal Bank, Mercedes Benz Financial Services India Private Limited and Kosamattam Finance Limited, Kottayam. This action has been taken due to non-compliance of rules.

RBI said on Friday that it has imposed a penalty of Rs 72 lakh on PNB and Rs 30 lakh on Federal Bank. The central bank has imposed a fine of Rs 10 lakh on Mercedes Benz Financial Services India Pvt Ltd (formerly known as Daimler Financial Services India Pvt Ltd) for non-compliance with certain provisions of its Know Your Customer (KYC) Directive, 2016. Fine has also been imposed.

STORY | RBI imposes penalty on PNB, Federal Bank, 2 other entities

READ: https://t.co/hLrloaPJEj

(PTI File Photo) pic.twitter.com/o2sjlzskIR

— Press Trust of India (@PTI_News) November 3, 2023

RBI also said that Kosamattam Finance Limited, Kottayam has been fined for non-compliance with certain provisions of the ‘Non-Banking Financial Companies – Systemically Important Non-Deposit Taking Companies and Deposit Taking Companies (Reserve Bank) Directions, 2016’. A fine of Rs 13.38 lakh has been imposed.

The post RBI’s big action! RBI imposed fine on PNB and Federal Bank, What will be the impact on customers? first appeared on Rightsofemployees.com.

This app is used to check passbook. Now instead of this app, customers will have to use PNB One App . According to the information given on the PNB website, the existing mPassbook app will be closed on December 1, 2023. This service will now be available on PNB One App. 

What is mPassbook app? 

mPassbook app is the digital avatar of the physical passbook. In this, customers can easily view their MIM statement and complete transaction history from the mobile app. No transactions can be done through this app, it is only for viewing passbook details. 

Whereas, PNB One App is a mobile app of Punjab National Bank. In this you can avail many other banking facilities including checking balance as well as transactions, viewing passbook details, applying for credit and debit cards. 

How to register in PNB ONE App?

• You should have an active account of Punjab National Bank along with a mobile number in it.
• Then you have to download PNB One App from Google Play Store or Apple Store.
• Open PNB One App and click on New User.
• After this enter the account number and select mobile banking.
• Now OTP will come on the registered mobile number. Enter it and proceed further.
• With Debit Card/Without Debit Card/Through Aadhaar OTP, click on any one of these three options. 
• If you choose the option with debit card, you will have to provide card details. However, if you register without a debit card, you will have to provide account details. 
• Now set your login and transaction password. 
• After this your registration will be done and user ID will come through message. 
• Now with its help you have to ‘Sign in’ and set the MPIN. Now you will be able to use PNB ONE App.

The post PNB account holders: Big news! Punjab National bank mPassbook app is going to be closed soon, check details first appeared on Rightsofemployees.com.

The interest rate has been increased by 25 basis points. The increased interest rate has come into effect from September 1. The interest rates on FDs with deposits between Rs 2 crore and Rs 10 crore which will mature in a period of 271 days to one year have been increased.

According to the information given by Punjab National Bank, now customers will get 6.75 percent interest on callable domestic term deposits, while non-callable domestic term deposits will get 6.80 percent interest annually. Similarly, customers will be given interest at the rate of 6.80 percent per annum on callable NRO term deposits.

Interest rates of PNB Uttam also increased.

Punjab National Bank has also increased the interest rates of its non-callable fixed deposit PNB Uttam. The bank will now pay 6.80 per cent interest annually on PNB Uttam FDs with deposits above Rs 15 lakh and maturing in 271 days to less than a year. The bank has also clarified that premature withdrawal will not be allowed in non-callable domestic fixed deposits of the bank.

Before the increase in interest rates, the interest rates on callable domestic term deposits and non-callable domestic term deposits were 6.50 percent and 6.55 percent per annum respectively. Similarly, earlier customers were getting 6.55 percent annual interest on callable NRO term deposits. Earlier the interest rate for PNB Uttam Scheme was 6.55 percent per annum. Punjab National Bank says that new and existing customers can take advantage of the increased interest rates.

Interest is available up to 7.25 percent.

Punjab National Bank is offering 3.50 percent to 7.25 percent annual interest on fixed deposits of less than Rs 2 crore. The bank offers FD for a period ranging from 7 days to 10 years. The bank is offering 6.75 percent interest on FDs maturing in one year with amount less than Rs 2 crore. Similarly, 7.25 percent interest is being given on FDs of more than one year and maturity in 444 days. Customers are being given 6.50 percent interest on FDs maturing above five and 10 years.

The post Bank FD Interest Rate: This big bank has increased the interest on FD, check latest interest rate first appeared on Rightsofemployees.com.

That is, now PNB customers can make payment to the merchant by scanning the UPI QR code through the PNB Digital Rupee app. You can use this service at any outlet. Users of the PNB Digital Rupee app can use their CBDC wallet to make purchases on UPI QR, even if they do not have a CBDC wallet. The app with this new feature is already live for Android users on Play Store and it will soon go live for iOS users as well.

Digital Rupee known as eRupee. It is issued by the Reserve Bank of India as a legal tender. It works like money. In any transaction, there is a 1:1 ratio of e-rupee and paper money in the transaction. This electronic wallet will work like a physical wallet on your device and will be linked to your bank account.

How to register for PNB Digital Rupee

Step 1: Download PNB Digital Rupee App from Google Play Store.

Step 2: Select the SIM card with the registered mobile number.

Step 3: Create your App PIN by clicking on Set App PIN.

Step 4: Select Wallet and click on Link PNB Account option.

Step 5: Fill in the debit card details and register.

Step 6: Once registered, you can start using PNB Digital Rupee.

Features of CBDC

CBDC is a currency issued in accordance with central banks and their monetary policy. It appears as a liability on the central bank’s balance sheet. It should be accepted as legal tender by all citizens, enterprises and government agencies as a means of payment. Issuance and transaction costs of currency notes are expected to come down.

Other banks that have launched CBDC

HDFC Bank, Canara Bank, Axis Bank and Yes Bank, Bank of Baroda and SBI have launched UPI interoperability.

The post Punjab National Bank started new service, customers will benefit first appeared on Rightsofemployees.com.

PNB tweeted

Punjab National Bank has written in its official tweet that now you will have savings as well as tax savings. Apart from this, the bank has said that from now on you do not need to go to the branch to deposit money in PPF, you can transfer funds online from home.

Savings bhi, tax mein bachat bhi in PPF account with PNB!

For more info,visit: https://t.co/uDOH5lNR87#Savings #PPF #Funds #Tax #DigitalBanking pic.twitter.com/VRtnQAEuGA

— Punjab National Bank (@pnbindia) August 5, 2023

Invest from Rs 500

You can start investing in Public Provident Fund Scheme with a minimum of Rs 500. You can open it from your nearest post office or bank anywhere. From January 1, 2023, the government is giving the benefit of interest at the rate of 7.1 percent in this scheme and the maturity of the PPF scheme is in 15 years.

You can increase

your investment for 5-5 years. In this scheme, account holders can apply to increase it in a block of 5-5 years. In this, he also gets the option of continuing the contribution or not.

You get the benefit of tax exemption

In PPF scheme, you also get the benefit of tax exemption. In this scheme, you can take advantage of tax exemption under section 80C. The amount earned through interest in this scheme is also tax free. After completion of 5 years in this scheme, you can also apply for a loan.

Visit the official link

For more information about the PPF scheme, you can visit the official link https://www.pnbindia.in/public-provident-fund.html . Here you will get all the information about PPF scheme.

The post PPF Scheme New Update! PNB has brought a special facility for the customers, Know all the details first appeared on Rightsofemployees.com.

The last date for KYC update in PNB is 31 August 2023. In such a situation, the bank is appealing to its customers for KYC update through messages and social media, so that people can get their account KYC updated in time. Bank to ascertain that the customers having account with PNB are genuine and there is no deficiency in its operations.

Even after repeated appeals, if a customer does not update the KYC in time, then the bank may freeze the account without taking KYC update, taking strict action in such a situation. If a customer’s account is frozen, he will have to visit his home branch to get the account reopened.

PNB also issued an alert for KYC

PNB said the bank is encouraging its customers to update Know Your Customer (KYC) information before August 31, 2023, in line with RBI guidelines. For this process, the bank has sent two notices to the registered address of the customers. Also, information has also been sent through SMS. Apart from this, KY is also appealing for updates through the social media handles of the bank.

The fridge will eat up if it is not updated

The bank said that it is mandatory for all customers to update KYC. If your account has become due for KYC update by 31.03.2023, you are requested to do your KYC through PNB One/IBS/Registered E-mail/Post or in person at any branch before 31.08.2023 Go and get it updated. Failure to do so may result in a ban on the operation of your account.

Find out like this update information

Customers can also find out whether their KYC has been done or not. For this, the customer has to call the custom care number of the bank. Customer can call 18001802222 or 18001032222 to know whether the KYC process of your account is complete or not. Both these are troll free numbers. That is, you can get information for free.

These things will be needed for the update

PNB said customers are requested to provide their updated details like identity proof, address proof, recent photograph, PAN, income proof, mobile number (if not available) or any other KYC information through PNB One/. IBS/Registered email/Post or visit in person at any PNB branch for smooth functioning of your bank account.

The post PNB Bank Alert: Big news account holders! PNB is repeatedly informing, after this date the account will freeze first appeared on Rightsofemployees.com.

Two government and one private bank of the country have changed the loan interest rates. These are Punjab National Bank, Bank of India and ICICI Bank. Banks have changed the MCLR for loans of almost all tenures. The new loan rates will be applicable from August 1, 2023. Know how it will affect you?

In fact, the MCLR rate of a bank is that minimum interest rate, below which the bank does not give loans at all. In such a situation, if the bank increases the MCLR or makes any changes in it, then it directly affects the borrowers. Know which bank has increased how much MCLR…

ICICI Bank

ICICI Bank has increased the interest rates on all term loans by 0.05 percent. This includes loans with tenures ranging from one day, one month to one year and above. From now on, the MCLR for overnight and one month loans will be 8.40%. While interest will be charged at the rate of 8.45% for three months, 8.80% for six months and 8.90% for one year.

Punjab National Bank

At present, no change has been made in MCLR by Punjab National Bank. These are 8.10% for overnight, 8.20% for one month, 8.30% for three months, 8.50% for six months, 8.60% for one year and 8.90% for tenure of three years or more.

Bank of India

Bank of India has increased MCLR for some of its loans. According to the bank’s website, the MCLR rate for different periods is as follows.

• Over night 7.95%,
• One month 8.15%,
• 3 months 8.30%,
• 6 months 8.50%,
• one year 8.70%,
• For a period of three years and above, interest rate of 8.90% will be charged.

The post Bank Revised Rate: These Bank has increased the interest rate, your loan will be affected like this first appeared on Rightsofemployees.com.

MSSC account can be opened in these banks along with post offices

Finance Minister Nirmala Sitharaman had announced Mahila Samman Savings Certificate Scheme in Budget 2023. From 1 April 2023, this scheme was launched in post offices. It is also being started in banks for wide dissemination and benefits of the scheme. Before PNB, Bank of India, Bank of Baroda and Canara Bank are giving facility to investors to open accounts under this scheme.

Interest rate on Women’s Savings Certificate Scheme

Under the Women’s Honor Savings Certificate Scheme, on or before March 31, 2025, a woman can invest for herself or by a guardian on behalf of a minor girl. The government pays interest at the rate of 7.5 percent on the investment amount in the account opened under this scheme. Investors can close the account if needed and can also withdraw up to 40 per cent of the amount.

Features of Mahila Samman Savings Certificate Scheme

• In Mahila Samman Savings Certificate Scheme, any woman can open an investment account for a period of two years.
• The minimum investment amount in Mahila Samman Bachat Yojana is Rs 1,000 and the maximum investment limit is Rs 2 lakh.
• Investors of MSSC scheme are being given quarterly compound interest rate of 7.5 percent.
• On need, the option of partial withdrawal of 40% of the amount deposited in the account is available.
• On the death of the account holder, the account can be closed and the amount can be given to the nominee.
• The Mahila Samman Savings Certificate Scheme has been made valid till March 31, 2025.

The post PNB launches MSSC scheme, women investors will get 7.5 percent interest rate first appeared on Rightsofemployees.com.

The new agreement does not require any document other than a stamp paper. Keep in mind that the stamp duty will have to be borne by the customer. The applicable charges for the agreement will be levied as per the State Stamp Act. Customers have to visit branch for locker contract.

All Types Of Bank Lockers

PNB offers 13 different sizes of lockers. Therefore, all these lockers are being categorized into five categories according to different sizes.

Locker will be free if new agreement is not done

As per RBI rules, if the locker agreement is not signed (within the stipulated time), the bank can freeze it. Let us inform that earlier SBI had made changes in the locker agreement.

Important Announcement📢 Please take a note#Announcement #Lockers #Digital #Banking #PNB pic.twitter.com/gwHJw79t3D

— Punjab National Bank (@pnbindia) July 5, 2023

How much is the locker charge

• Small – Rs 1250 in rural areas and Rs 2000 in urban areas
• Medium – Rs 2500 in rural areas and Rs 3500 in urban areas
• Large – Rs 3000 in rural areas and Rs 5500 in urban areas
• Very Large – Rs 6000 in rural areas and Rs 8000 in urban areas
• XL – Rs 10000 in rural areas and Rs 10000 in urban areas

Know this important rule

The customers are allowed to use the lockers only till the time they pay the rent. New safe deposit locker agreements have been introduced by many banks, which state that customers can use the locker only for legitimate purposes, such as keeping jewelry and documents.

The post PNB Locker Rules Revised: PNB issues revised locker agreement asks customers to execute latest agreement first appeared on Rightsofemployees.com.

Punjab National Bank has issued Revise or Supplementary Locker Agreement incorporating the rights of the customers. As per PNB website Punjab National Bank requests our respected customers availing locker facilities to approach their locker holding branch and complete the locker agreement, if applicable.

What do locker customers have to do

• Locker customers will have to visit the bank to sign a revised or supplementary agreement.
• No document is required except a stamp paper of requisite value. Stamp duty has to be borne by the customer.
• The charges applicable for making the agreement will be as per the State Stamp Act.

PNB Locker Size

PNB offers different sizes of lockers to its customers, these can be of 13 different sizes. That’s why all these lockers are divided into five categories according to different sizes and the charges are also different for all.

Locker Charges

Banks revised the agreement on the strictness of RBI

RBI has directed the banks by extending the deadline for signing the revised agreement to protect the interests of the customers and to remove their problems. RBI has said that banks are advised to inform all their customers about the Revise requirements and from June 30 to September 30, 2023, banks must ensure that at least 75% of their existing customers have Revise Locker. Have signed the agreement.

The post Bank Revised locker Agreement: Locker customers of this Bank should do this work immediately, otherwise it may freeze first appeared on Rightsofemployees.com.

IVR based UPI service UPI123PAY has been launched by public sector Punjab National Bank. These services have been done under the goal of creating a cashless and cardless society by 2025, the vision of digital payments of the country. This was said in a statement issued by Punjab National Bank.

IVR based UPI 123PAY is a very advanced type of digital system in which you do not need to have internet access to make payments. Just one can easily do fast transactions without internet or in areas with low internet connectivity. With its help, UPI transactions can be done without internet even from phones with keypads.

UPI 123PAY has been created by NPCI to take UPI to rural areas . Through this, even a user having a feature phone can easily do digital transactions. According to an estimate, even today there are more than 400 million feature phone users in the country, who are not using smartphones.

To make UPI 123PAY accessible to as many people as possible, it has been launched in multiple Indian languages, so that anyone can understand it easily.

When did UPI start?

UPI was started in 2016. With the help of this one can easily transact without any delay in a jiffy. For this reason, it has become very popular in the last few years from villages to cities.

According to NPCI data, a total of 9.33 billion transactions were done through UPI in June, in which transactions of about Rs 14.75 lakh crore were done.

The post Payment Without Internet! Punjab National Bank launches IVR based UPI 123PAY – Check all Details first appeared on Rightsofemployees.com.

This service has been started by the bank under Digital Payment Vision 2025. The MD & CEO of the bank said that a large number of people in rural areas still use keypad phones. With this service the customer will be able to make payments to anyone across India.

Have to use like this

First of all the customers of the bank have to dial the IVR number 9188123123.
After this the beneficiary has to be selected. Then the transaction has to be verified.
This service will be available in many languages. Customers can choose as per convenience.

Will be able to use name instead of number in bank account

Indian Overseas Bank (IOB) has launched a new facility called ‘Mera Khata Mera Naam’. Under this, customers of the bank will be able to use any name as the account number. The scheme has been started from the central office in Chennai. This facility will be available in all the 49 Regional Offices of IOB across the country. Initially this service will be available for savings and salary account customers. The Bank CEO said that this is the first of its kind scheme in the banking industry.

How to change account name: As per the scheme, the account name can be seven letters, or seven numbers, or a combination of seven letters and numbers. Customers will not need to remember their 15 digit account number.

The post Good news for these Bank account holders! These two government banks gave special facilities to their customers first appeared on Rightsofemployees.com.

Leading public sector bank PNB has introduced UPI 123PAY IVR based UPI solution to create a cardless and cashless society under digital vision by 2025. Through this, now feature phone users can also take advantage of UPI payment.

Will be able to pay even without internet 

Unified Payments Interface (UPI) provides real time quick and instant payment facility, which can be used anytime in 24 hours. Till now the facility of payment through UPI was the facility of payment through smartphone or USSD and you could make payment only by using internet. However, now through UPI 123PAY, PNB users can avail the benefits of payment even without internet. This facility will be available for UPI transactions on any feature phone or in areas with low internet connectivity.

Most customers in rural and small towns 

The MD & CEO of Punjab National Bank said that India’s largest population is in rural and small town areas. Such people still pay more than cash. He said that 63 percent of PNB’s branches are located in rural and small towns. PNB has a large number of customers in these areas.

How to pay with UPI 123PAY?

• First dial IVR number 9188-123-123 from your phone
• Select Beneficiary
• authenticate your transaction
• You can use UPI 123PAY in multiple languages.

Facility for non PNB customers also 

The MD said that this facility is beneficial for those who do not have smartphones and internet connectivity. The facility of UPI 123PAY will help such people completely. Payment can be made anywhere in India with its help. This facility is also available for non PNB customers.

The post PNB start new Payment System! Punjab national bank launches IVR based UPI solution payment system, know details first appeared on Rightsofemployees.com.

Most of the banks in the country provide locker facility. Keeping jewelry and cash in the locker becomes tension free. But, what if termites lick your money kept in the locker. Recently, a similar incident had happened in Udaipur, Rajasthan. Two lakh rupees of the customer were kept in the locker of Punjab National Bank.

When he reached to withdraw his money, the notes were licked by termites. In such a situation, the question arises that if something untoward happens with your money kept in the locker, then someone is responsible for it. The answer to all these incidents is the new locker rules, which have come into force from February 1, 2023.

These are the new rules of Reserve Bank of India

According to the new locker rules of the Reserve Bank of India, if any item kept in the locker is damaged due to the negligence of the bank, then it will be the responsibility of the bank. It is the responsibility of the Bank to take necessary steps for the security of the premises. If the goods kept in the locker are damaged due to the negligence of the bank, then the bank will have to pay compensation. This compensation will be 100 times the rent of the locker for one year. During the loss, the banks cannot say that they do not have any responsibility.

Compensation will not be given in these cases

Bank will not be responsible if the locker is damaged due to natural calamity like earthquake, flood, storm etc. Apart from this, the bank will not be responsible even if the cash etc. kept in the locker of the bank is damaged due to the customer’s own fault.

However, if there is a fire or theft due to the negligence of the bank, then the bank will be responsible for it. Apart from this, if any employee of the bank embezzles money or commits fraud, then also the bank will be responsible.

Let us tell you that the Reserve Bank of India had advised all the banks to renew the locker agreement of the existing customers of the banks from January 1. Along with this, the bank was asked to ensure that there should not be any unfair condition or terms in the agreement.

The post RBI Locker guidelines 2023: RBI issues guidelines regarding missing items kept in bank lockers, check new guideline first appeared on Rightsofemployees.com.

These changes include many things from GST rules to ATM transactions etc. Now the companies will have to upload the electronic invoice on the IRP within seven days of the issue of the electronic invoice. PNB’s ATM transaction failure will also be charged from today. Brokers will not be able to take bank guarantees from clients’ money. At the same time, Tata and Audi increased the prices of their vehicles. Let us tell you about the changes from today.

Charges will be levied if ATM transaction fails

Punjab National Bank (PNB) customers are going to get a big shock. If a PNB customer does not have money in his account and does a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. Information in this regard has been given by sending messages to the customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule is coming into force from 1 May 2023.

Tata Motors again increased the prices of cars

In terms of sales, the country’s number-3 car company Tata Motors has announced that it is going to increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has increased the prices for the second time this year. Audi is also going to increase the prices of its vehicles. Luxury SUVs Q3 and Q3 Sportback will see a price hike of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and the Audi S5 will see a price hike of up to Rs 4 lakh.

Brokers will not be able to take new bank guarantees from customers’ money

Brokers used to keep investors’ funds with the bank for guarantee as per their requirement and in such a situation there was a possibility of misuse of common investors’ money. But from May 1, brokers will not be able to do so. Markets regulator SEBI, in a recent circular, has mandated that stock brokers and clearing members can no longer pledge client money with banks as a guarantee. The existing bank guarantee, which is now, will be canceled by 30 September.

Receipt will have to be uploaded in 7 days

Companies whose total turnover is Rs 100 crore or more will now have to upload the electronic invoice ie receipt on the Invoice Registration Portal ie IRP within 7 days from May 1. Till now there was no such deadline. GST Network said that in order to ensure timely compliance, taxpayers falling within the prescribed turnover limit will not get the facility to report uploading of invoices older than seven days. Those who do not do this will not be able to take advantage of Input Tax Credit ie ITC.

The post ATM Card Holders Alert! New rules have been implemented on ATM from today, charges will be imposed first appeared on Rightsofemployees.com.

These new rates have come into effect from 1 June 2023. Last month, PNB had increased the interest rates on some FDs. Punjab National Bank offers FDs ranging from days to 10 years for common citizens. He gives FD interest between 3.05% to 7.25% on this. The bank offers the highest interest of 7.25% on 444 days FD.

Interest has been reduced on these FDs

The bank has cut the interest rate for the common people by 5 bps on the affidavit maturing in 1 year. Now this FD has been increased from 6.80% to 6.75%. Last month, the bank had reduced the interest rate on FDs maturing in 666 days from 7.25% to 7.05%.

Punjab National Bank is giving this much interest on FD of less than Rs 2 crore

7 days to 14 days: For general public – 3.50 per cent; For senior citizens – 4.00 percent

15 days to 29 days: For general public – 3.50 per cent; For senior citizens – 4.00 percent

30 days to 45 days: For general public – 3.50 per cent; For senior citizens – 4.00 percent

46 days to 90 days: For general public – 4.50 per cent; For senior citizens – 5.00 percent

91 days to 179 days: For general public – 4.50 per cent; For senior citizens – 5.00 percent

180 days to 270 days: For general public – 5.50 per cent; For senior citizens – 6.00 percent

271 days to less than 1 year: For general public – 5.80 per cent; For senior citizens – 6.30 percent

1 year: For general public – 6.75 per cent; For senior citizens – 7.25 percent

More than 1 year to 443 days: For general public – 6.80 per cent; For senior citizens – 7.30 percent

444 days: For general public – 7.25 per cent; For senior citizens – 7.75 percent

445 to 665 days: For general public – 6.80 per cent; For senior citizens – 7.30 percent

666 days: For general public – 7.05 per cent; For senior citizens – 7.55 percent

667 days to 2 years: For general public – 6.80 per cent; For senior citizens – 7.30 percent

More than 2 years up to 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 percent

Above 3 years to 5 years: For general public – 6.50 per cent; For senior citizens – 7.00 percent

5 years to 10 years: For general public – 6.50 per cent; For senior citizens – 7.30 per cent.

The post PNB FD Rate Cut..! PNB Bank has reduced the interest rate on these FDs, these new rates implemented from today first appeared on Rightsofemployees.com.

These changes include many things from GST rules to ATM transactions etc. Now the companies will have to upload the electronic invoice on the IRP within seven days of the issue of the electronic invoice. PNB’s ATM transaction failure will also be charged from today. Brokers will not be able to take bank guarantees from clients’ money. At the same time, Tata and Audi increased the prices of their vehicles. Let us tell you about the changes from today.

Charges will be levied if ATM transaction fails

Punjab National Bank (PNB) customers are going to get a big shock. If a PNB customer does not have money in his account and does a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. Information in this regard has been given by sending messages to the customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule is coming into force from 1 May 2023.

Tata Motors again increased the prices of cars

In terms of sales, the country’s number-3 car company Tata Motors has announced that it is going to increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has increased the prices for the second time this year. Audi is also going to increase the prices of its vehicles. Luxury SUVs Q3 and Q3 Sportback will see a price hike of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and the Audi S5 will see a price hike of up to Rs 4 lakh.

Brokers will not be able to take new bank guarantees from customers’ money

Brokers used to keep investors’ funds with the bank for guarantee as per their requirement and in such a situation there was a possibility of misuse of common investors’ money. But from May 1, brokers will not be able to do so. Markets regulator SEBI, in a recent circular, has mandated that stock brokers and clearing members can no longer pledge client money with banks as a guarantee. The existing bank guarantee, which is now, will be canceled by 30 September.

Receipt will have to be uploaded in 7 days

Companies whose total turnover is Rs 100 crore or more will now have to upload the electronic invoice ie receipt on the Invoice Registration Portal ie IRP within 7 days from May 1. Till now there was no such deadline. GST Network said that in order to ensure timely compliance, taxpayers falling within the prescribed turnover limit will not get the facility to report uploading of invoices older than seven days. Those who do not do this will not be able to take advantage of Input Tax Credit ie ITC.

The post ATM Card Holders Alert! New rules have been implemented on ATM from today, charges will be imposed first appeared on Rightsofemployees.com.

PNB officials have informed that people can get 2000 rupee notes exchanged by visiting any of its branches. For this, they will not need to fill any form. Earlier, an old form in the name of the bank was being circulated online to exchange Rs 2000 notes. In view of this, the bank has issued a clarification.

Meanwhile, in view of the scorching heat, the Finance Ministry has instructed all the banks to make arrangements for drinking water and to stand in the shade for the people coming to exchange 2000 rupee notes.

No Aaadhar Card, No official verified documents (OVD) required, no need to fill any form is the current instruction to all the branches of Punjab National Bank (PNB): Clarify PNB officials to ANI after old forms circulated online seeking additional personal information for… pic.twitter.com/LX3fRdx8DF

— ANI (@ANI) May 23, 2023

At the same time, there is no information of any kind of panic. Finance Ministry and RBI are monitoring the situation. Aftab, the bank manager of a branch of Yes Bank in Mumbai, also says that there is no demonetisation-like situation. Nor is there any panic. People are coming in the normal way and exchanging their notes. There is neither a long line nor any crowd.

SBI has also issued instructions

Earlier on Saturday, the country’s largest bank State Bank of India (SBI) had also made it clear that people would not have to provide any ID proof to exchange Rs 2,000 notes. Nor will they have to submit any kind of document.

According to the instructions of RBI, between 23 May and 30 September, 2000 rupee notes have to be changed across the country, because they are to be taken out of circulation. However, their legal tender status remains intact. At the same time, a person can exchange notes worth a maximum of Rs 20,000 from the bank in a day. While any number of notes can be deposited in his bank account.

The post Process to change 2000 notes continues, PNB issues instructions first appeared on Rightsofemployees.com.

The bank has increased the rates on some of its tenure FDs and has also reduced the interest rates of some tenures. The bank’s new FD rates have come into effect from May 18, 2023.

Punjab National Bank has implemented the change in interest rates on FDs of less than Rs 2 crore. According to the official website of PNB, the interest on FD of 444 days has been increased. At the same time, the interest rates on 666 days FD have been reduced.

Interest rates increased on these tenures

PNB has increased the interest rate for common citizens from 6.80 percent to 7.25 percent on FDs of 444 days. On this tenure, the bank has increased the interest rate for senior citizens from 7.30 per cent to 7.75 per cent. On the same tenure, the bank has increased the interest rate for NRE customers from 6.80 per cent to 7.25 per cent.

Interest rates reduced on these tenures

PNB has reduced the interest on FDs of 666 days from 7.25 per cent to 7.05 per cent. On FDs of the same tenure, the bank has reduced the interest rate for senior citizens from 7.75 per cent to 7.55 per cent. On the same tenure, the bank has reduced the interest rate for NRE customers from 7.25 per cent to 7.05 per cent.

The post PNB FD Interest Rates: Punjab National Bank has increased the interest rates on these tenures, know who will get the benefit first appeared on Rightsofemployees.com.

PNB has increased the interest rates on FDs of some tenures (PNB Hikes FD interest rates) and has reduced the interest rates on FDs of some tenures. PNB has made the new interest rates effective from 18 May 2023. Let us tell you that on the last day, Axis Bank has also reduced the interest rates on FDs of many tenures.

Punjab National Bank increased interest rates on these tenures

PNB has increased the interest rate for regular citizens on FDs maturing in 444 days by 45 bps from 6.80 percent to 7.25 percent. On the same tenure, the bank has increased the interest rate for senior citizens by 45 bps from 7.30 per cent to 7.75 per cent. At the same time, the bank has increased the interest rate for NRE customers by 45 bps from 6.80 per cent to 7.25 per cent on FDs of the same tenure.

[web_stories title=”true” excerpt=”false” author=”true” date=”true” archive_link=”false” archive_link_label=”” circle_size=”150″ sharp_corners=”false” image_alignment=”left” number_of_columns=”1″ number_of_stories=”4″ order=”DESC” orderby=”post_title” view=”carousel” /]

PNB reduced interest rates on FDs of these tenures

Punjab National Bank has cut interest rates (PNB Reduced FD interest rates) for regular citizens and senior citizens and NI investors on FDs maturing in 666 days. The bank has reduced the interest on 666 days FD from 7.25 per cent to 7.05 per cent. On FDs of the same tenure, the bank has reduced the interest rate for senior citizens from 7.75 per cent to 7.55 per cent. At the same time, the bank has reduced the interest rate for NRE customers from 7.25 per cent to 7.05 per cent on FDs of the same tenure.

Axis Bank has also reduced FD interest rates

Axis Bank has reduced fixed deposit interest rates (FD Interest Rates) by up to 20 basis points for deposits of less than Rs 2 crore. The new FD interest rates have been made effective from 18 May 2023. Axis Bank is offering interest rates ranging from 3.5 per cent to 7.10 per cent on FDs for tenures ranging from 7 days to 10 years.

The post PNB FD Interest Rates: PNB Bank has implemented new interest rates on FD, know who will get the benefit first appeared on Rightsofemployees.com.

Generally, banks charge an average penalty of 1 per cent or more from the customers for breaking the FD in the middle or withdrawing the deposit before time. Punjab National Bank will not charge any penalty or fine on premature withdrawal for the investors of its Sugam Fixed Deposit Scheme (PNB Sugam Fixed Deposit Scheme).

PNB allows its depositors to withdraw any amount before maturity. PNB recently announced that it has decided to cap the maximum investment limit per customer at Rs 10 lakh under the PNB Sugam Fixed Deposit scheme.

There will be no penalty on premature withdrawal

Investors of PNB Sugam Fixed Deposit Scheme are allowed premature withdrawal. Under partial withdrawal, investors will get this benefit if they make a minimum transaction of Rs 1000 per transaction. According to PNB’s website, the value of FD deposit receipt (principal amount) will be reduced accordingly. If an investor wants to withdraw the entire deposit amount before maturity, then no penalty will be levied.

PNB Sugam Fixed Deposit Interest Rates

The interest rate on PNB Sugam Fixed Deposit is based on the deposit amount bucket and tenure. The bank operates 3 deposit amount buckets, which include deposits below Rs.2 crore, deposits from Rs.2 crore to Rs.10 crore and deposits above Rs.10 crore to less than Rs.100 crore. Investors may note that if there is a change in the amount bucket due to partial withdrawal of the deposit, the interest rate applicable to the new amount bucket of the deposit will be effective from the date of withdrawal.

PNB Sugam Fixed Deposit interest rate is according to different tenure, which is fixed from 4.50 percent to 7.25 percent. On 666 days tenure of PNB Sugam FD, the bank is giving 7.25 percent interest rate to general citizens and 7.75 percent interest rate to senior citizens.

Option to receive monthly or quarterly interest amount

The investor of PNB Sugam Fixed Deposit has the option of withdrawing the interest amount monthly, quarterly or at maturity. If the period of deposit with the bank is 6 months and above then interest is paid on compounding basis on quarterly basis.

The post FD Premature Penalty: Penalty will not have to be paid on FD premature withdrawal, check all details first appeared on Rightsofemployees.com.

The bank has said that the existing account holders who have selected the option of auto-renewal for their FDs on maturity, their FDs will be renewed for the fixed period. Pre-fixed interest rate will be applicable on this.

What was the limit earlier?

The bank has said that more than Rs 10 lakh deposited in FD will be renewed under a separate FD at the time of maturity. PNB’s easy FD scheme is popular because there is no penalty for premature withdrawal. Earlier, the minimum limit for deposit in this scheme of the bank was Rs 10,000. The maximum deposit limit was Rs 10 crore. After the change in the rules of the scheme, only premature withdrawal up to Rs 10 lakh will be exempted from penalty.

How much maturity period?

The tenure of the easy FD scheme ranges from 46 days to 120 months. A person can open this account either singly or jointly with another person. This account can also be opened in the name of a child of 10 years and above. Money can be withdrawn from this account before maturity. But, at least 1000 rupees have to be withdrawn in one go.

[web_stories title=”true” excerpt=”false” author=”false” date=”false” archive_link=”false” archive_link_label=”” circle_size=”150″ sharp_corners=”false” image_alignment=”left” number_of_columns=”1″ number_of_stories=”4″ order=”DESC” orderby=”post_title” view=”carousel” /]

What is the minimum amount that can be withdrawn?

PNB’s website states, “Depositors have the facility to withdraw money in multiples of Re 1. But he has to withdraw at least Rs 1000 at a time. Such withdrawal does not require breaking the FD. Account Interest continues to be earned on the money deposited in it as before. The bank has informed that the principal amount will reduce on maturity. There will not be any penalty on withdrawal.

Who can make a deposit?

The depositor can select any one of the monthly, quarterly or annual options for payment of interest. Proprietorship/Partnership Firms, Commercial Organizations, Companies and Corporate Bodies can take advantage of this scheme. Hindu Undivided Family can also open an account under this scheme. Associations, clubs, societies and trusts are also allowed to open accounts.

The post PNB fixes investment limit in ‘Sugam Fixed Deposit’ scheme, maximum investment allowed at Rs 10 lakh first appeared on Rightsofemployees.com.

For example, PNB allows premature withdrawal without penalty to customers under its PNB Sugam Fixed Deposit Scheme. Meanwhile, PNB has made a change in this popular FD scheme. According to the decision of Punjab National Bank (PNB), under the PNB Sugam Fixed Deposit Scheme, now customers will be able to invest up to a maximum of Rs 10 lakh only.

What is Sugam Fixed Deposit Scheme?

The bank said, “Account holders of existing Sugam Fixed Deposits who have mandated for auto-renewal of their FDs on maturity, will get the same interest rate as on FDs.” The bank further said, “However, due to the amendment in the scheme, the amount which is more than Rs 10 lakh at the time of maturity, will be renewed under a separate fixed deposit scheme of the bank.”

Who can invest?

• Individual (Singly or Jointly) or with Joint Account

• Minor who is 10 years of age or more

• Proprietorship/Partnership Firm, Commercial Organization, Company/Body Corporate

• Hindu Undivided Families (HUFs)

• Association, Club, Society, Trust or Religious/Charitable or Educational Institution

• municipality or panchayat, government or semi government body

• Illiterate and blind person can also open account

The minimum deposit amount for PNB Easy Deposit is Rs.10,000 and in multiples of Rs.1 thereafter.

[web_stories title=”true” excerpt=”false” author=”false” date=”false” archive_link=”false” archive_link_label=”” circle_size=”150″ sharp_corners=”false” image_alignment=”left” number_of_columns=”1″ number_of_stories=”4″ order=”DESC” orderby=”post_title” view=”carousel” /]

Tenure of PNB Easy Term Deposit

The tenure of an easy term deposit can be anything from 46 days to 120 months, such as 13 months, 14 months, 37 months and 16 days etc. for deposits up to Rs.10 crores.

Premature withdrawal of deposit

The biggest advantage of this scheme is that the depositor has the option of withdrawing any amount before maturity with a minimum withdrawal of Rs.1000. Whenever he needs money, he can withdraw the required amount without breaking the entire deposit amount. By doing this, the principal amount of the term deposit i.e. the value of the original amount will be reduced. No penalty will be levied on partial withdrawal of the deposit.

According to the PNB website, “If the amount bracket is changed due to part withdrawal of the deposit, the rate applicable for the new amount bracket of the deposit will be applicable from the date of such withdrawal.” The depositor can choose to receive interest on a monthly, quarterly or annual basis. If the balance period of the deposit with the bank is 6 months and above, interest will be paid compounded quarterly.

The post FD Rules Changed: Bank has a big announcement regarding Fixed deposit, Know what changed for you first appeared on Rightsofemployees.com.

By the way, all the people using PNB will be happy with this news. The increase in FD interest rates by PNB will greatly benefit the account holders. Reports suggest that the bank has increased the interest rate on FDs between Rs 2 crore and Rs 10 crore.

PNB’s interest rate on FDs of 7 to 45 days will be increased by 0.50 percent to 5.50 to 6.00 percent. It has also been said that the interest rate on FDs with terms of 46 to 90 days will increase by 0.75 percent. Now at present, the interest rate has been increased from 5.50 per cent to 6.25 per cent. At the same time, the interest rate on FD of 6 months was increased from 6.25 percent to 6.50 percent. After this PNB customers have started dancing with joy.

The interest rate in the slabs of PNB has been determined keeping in mind the limit of the tenure of the FD. For example, if you make an FD for 1 to 2 years, then you will get interest at the rate of 6.50 percent. At the same time, on doing FD for 2 to 3 years, you will get interest at the rate of 6.50 percent.

The post PNB FD Rate: Good news for customers..! PNB Bank has increased the interest rates on FDs, know the complete details first appeared on Rightsofemployees.com.

According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

The post PNB Bank New Rule: Shock for crores of PNB customers, the bank is going to charge on such transactions from May 1 first appeared on Rightsofemployees.com.

Under this, customers have been asked to be careful about fake messages being spread in the name of the bank. The bank said fake messages containing “130th Anniversary Government Financial Subsidy of PNB” are being circulated on digital platforms. The bank has termed this message as fake and has asked customers to beware of such messages.

What did the bank say?

In its official statement, the bank said, “These are fake messages and PNB brand name is being used for fraud. Sometimes financial scams can be carried out by stealing your identity through these fraud messages. Advised the public that there is a need to be careful and vigilant about such fake messages, especially those circulating through social media and other channels like WhatsApp.

Don’t click on the link

The bank further added, “As a precautionary measure, we urge our customers not to disclose any confidential/personal/financial information through phone calls or emails. Do not download, even if they appear legitimate.”

The central bank RBI has issued advisory several times in view of the increasing incidents of online fraud. A top RBI official said that the increasing cases of online fraud in the banking system is a matter of concern. To solve this, there is a dire need to spread awareness among the people.

The post PNB Customer Alert! PNB issues warning regarding fake message, do not click on this link even by mistake first appeared on Rightsofemployees.com.

Whereas, the rules related to loss or theft of credit debit card have also been amended. The bank has said that the new changes will come into effect from 1 May 2023.

Punjab National Bank has changed the fees regarding some of its banking services and has issued new guidelines for the customers. According to PNB’s website, Punjab National Bank will charge Rs 10 + GST ​​for domestic ATM cash withdrawal transaction failure due to insufficient funds (ATM Cash Transaction Failed Guidelines). The bank said that Dear Customer, from May 01, 2023, penalty will be applicable on failed domestic ATM cash withdrawal transactions due to insufficient funds.

What to do in case of failed PNB transaction Customer

guidelines for failed ATM transactions as per PNB website are as follows-

• Complaints regarding failed ATM transactions will be addressed within 7 working days of their receipt.
• Compensation of Rs 100 per day will be given for delayed settlement if the claim is lodged within 30 days from the date of transaction.
• For all such concerns, the customer can call the Bank’s Contact Center toll free helpline 0120-2490000, 18001802222 or 1800 103 2222.

Changes in Debit Card Fees

Punjab National Bank informed that it is in the process of implementing revised charges for debit card and prepaid card issuance charges and annual maintenance charges. The bank is also planning to levy charges on ecommerce transactions done through POS and debit cards, if the transaction is declined due to insufficient balance in the account.

The post PNB issued new guideline! Big news! PNB Bank has changed the charges for its banking services. first appeared on Rightsofemployees.com.

Now Punjab National Bank has brought a special offer for you, in which you will get brand new notes. The bank has given information about these notes by tweeting.

Have to contact in the nearest branch

PNB has written in its official tweet that if you also want to change old or mutilated notes, now you can do this work easily. The bank has told that you can contact your nearest branch. Here you can exchange notes and coins.

Rules issued by the Reserve Bank According to the new rules of the Reserve Bank, if you also have old or mutilated notes, then you do not have to worry at all. Now you can exchange such notes by visiting any branch of the bank. If any bank employee refuses to exchange your note, then you can also file a complaint about this. You have to keep in mind that the worse the condition of the note, the less its value decreases.

Under what circumstances will the notes be exchanged?

According to RBI, any torn note will be accepted only when a part of it is missing, or which consists of more than two pieces and is pasted together, provided that no essential part of it is missing. If some special parts of the currency note, such as the name of the issuing authority, guarantee and promise clause, signature, Ashoka Pillar, picture of Mahatma Gandhi, water mark, etc. are also missing, then your note will not be exchanged. Soiled notes which have become unusable due to circulation in the market for a long time can also be exchanged.

Such notes can be changed from the RBI office, very burnt notes, or notes sticking together can also be changed, but the bank will not take them, you will have to take them to the issue office of RBI. Remember that these things will definitely be checked by the institution that the damage to your note is genuine and not intentionally damaged.

The post Currency Notes: Big Update! RBI issued new guideline regarding 100, 200, 500 rupee notes, check here new guideline first appeared on Rightsofemployees.com.

Customers will now be able to take advantage of digital services like e-market place, instant QR, PNB Metaverse. The purpose of this new toll free number of the bank is to provide hassle free facility to the customers. The new number has been informed by the bank. This is toll free number. Customers will not be charged for calling on this.

Note down the new number-

A new number has been issued by Punjab National Bank on its foundation day. The bank has launched its new customer care numbers 1800-1800 and 1800-2021. These numbers are easy to remember. These are aimed at making it easier for the PNB customer to contact the customer care team. In addition, the Bank has launched other products such as e-Marketplace and Instant QR on the mobile banking app PNB One, PABL (Pre-Approved Business Loan), Central Bank Digital Currency (CBDC), Digital KCC through Jan Samarth Portal, Tab and Video-KYC. Current account opening through PNB, PNB e-Swar and PNB Metaverse etc.

Customers will get good facility-

On the occasion of Foundation Day Celebrations at PNB Head Office, Atul Kumar Goel, MD & CEO, PNB said, “We are celebrating 128 years of service to the nation. We are completely dedicated to providing a great banking experience to our customers. Our new offerings are important steps in this direction.” Executive Directors Vijay Dubey, Kalyan Kumar, Binod Kumar and M. Paramasivam were present on the occasion of launch of new services of PNB.

The post PNB account holders: Big news! Important update for PNB customers, bank released new number first appeared on Rightsofemployees.com.

Whereas, the rules related to loss or theft of credit debit card have also been amended. The bank has said that the new changes will come into effect from 1 May 2023.

Punjab National Bank has changed the fees regarding some of its banking services and has issued new guidelines for the customers. According to PNB’s website, Punjab National Bank will charge Rs 10 + GST ​​for domestic ATM cash withdrawal transaction failure due to insufficient funds (ATM Cash Transaction Failed Guidelines). The bank said that Dear Customer, from May 01, 2023, penalty will be applicable on failed domestic ATM cash withdrawal transactions due to insufficient funds.

What to do in case of failed PNB transaction Customer
guidelines for failed ATM transactions as per PNB website are as follows-

• Complaints regarding failed ATM transactions will be addressed within 7 working days of their receipt.
• Compensation of Rs 100 per day will be given for delayed settlement if the claim is lodged within 30 days from the date of transaction.
• For all such concerns, the customer can call the Bank’s Contact Center toll free helpline 0120-2490000, 18001802222 or 1800 103 2222.

Changes in Debit Card Fees

Punjab National Bank informed that it is in the process of implementing revised charges for debit card and prepaid card issuance charges and annual maintenance charges. The bank is also planning to levy charges on ecommerce transactions done through POS and debit cards, if the transaction is declined due to insufficient balance in the account.

The post PNB issued new guideline! PNB Bank has changed the charges for its banking services. first appeared on Rightsofemployees.com.

This may harm you. Government bank Punjab National Bank (PNB) is going to make a rule regarding this . Now if your ATM transaction is not completed due to lack of money in your account, then you will have to pay a charge.

Charges will be levied for non-completion of ATM transaction

If your transaction is not completed while withdrawing money from ATM , then you will have to pay a charge on it. On this you will have to pay a charge of Rs 10 including GST. Punjab National Bank has informed its customers through a message that a charge of Rs 10 along with GST will be levied from May 1 for using ATMs if there is not enough money in the account.

PNB is making this preparation

Explain that the bank is in the process of revising the debit card and ATM card issuance fees and annual maintenance fees. If you pay with your ATM card or debit card while purchasing any item and there is not enough money in your account and the transaction fails, you may be charged. PNB will also levy charges on PoS and e-Comm transactions done through debit cards if the account does not have sufficient amount to make the payment.

Apart from this, if your card is lost or stolen, then you have to block it immediately. In case of loss of the card, you will be able to block it from your registered mobile number by sending an SMS. However, if you have hotlisted your card once, you will not be able to activate it again, you will have to get another card made.

The post ATM Transaction Failed Charges: Big news! Now you have to pay this much rupees charge for ATM transaction failure first appeared on Rightsofemployees.com.

According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

The post PNB Bank New Rule: Shock for crores of PNB customers, the bank is going to charge on such transactions from May 1 first appeared on Rightsofemployees.com.

Now Punjab National Bank has brought a special offer for you, in which you will get brand new notes. The bank has given information about these notes by tweeting.

Have to contact in the nearest branch

PNB has written in its official tweet that if you also want to change old or mutilated notes, now you can do this work easily. The bank has told that you can contact your nearest branch. Here you can exchange notes and coins.

Rules issued by the Reserve Bank According to the new rules of the Reserve Bank, if you also have old or mutilated notes, then you do not have to worry at all. Now you can exchange such notes by visiting any branch of the bank. If any bank employee refuses to exchange your note, then you can also file a complaint about this. You have to keep in mind that the worse the condition of the note, the less its value decreases.

Under what circumstances will the notes be exchanged?

According to RBI, any torn note will be accepted only when a part of it is missing, or which consists of more than two pieces and is pasted together, provided that no essential part of it is missing. If some special parts of the currency note, such as the name of the issuing authority, guarantee and promise clause, signature, Ashoka Pillar, picture of Mahatma Gandhi, water mark, etc. are also missing, then your note will not be exchanged. Soiled notes which have become unusable due to circulation in the market for a long time can also be exchanged.

Such notes can be changed from the RBI office, very burnt notes, or notes sticking together can also be changed, but the bank will not take them, you will have to take them to the issue office of RBI. Remember that these things will definitely be checked by the institution that the damage to your note is genuine and not intentionally damaged.

The post New Currency Notes: Big news! RBI issued new guideline regarding 100, 200, 500 rupee notes, check here new guideline first appeared on Rightsofemployees.com.

Under this, there will be no cheque payment without verification. As per the rules, failing which the cheque will be returned. This new rule of cheque payment will be effective from 5th of next month. Earlier, under the positive pay system, the limit was Rs 10 lakh and above.

After this, if the customer issues a cheque of Rs 10 lakh or more through branch or digital channel, then PPS confirmation will be mandatory. Customers will have to provide account number, cheque number, cheque alpha, cheque date, cheque amount and beneficiary name. Let us know what it is and how you can use it.

What is Positive Pay System?

PPS is a mechanism created by the National Payments Corporation of India (NPCI), for which bank customers have to give information about the cheques being issued by them to the bank where they have a savings account. This information has to be shared before the cheque is presented for clearance. Be aware that cheque information can be presented in many ways.

How to avail PPS for PNB Cheque?

Positive Pay system can be used by giving cheque details through Branch Office, Online Banking, Mobile Banking (PNB ONE), or SMS Banking. In this context, PNB said that information has to be given one day before the date of presentation of the cheque.

How PPS will prevent fraud

Under PPS, the issuer of the cheque will have to give the details of the cheque to the bank through SMS, mobile app, net banking or ATM. When the cheque reaches the bank, the information given by the account holder will be verified. If any discrepancy is found during this, the cheque will be rejected. Punjab National Bank has said that the cheque will be returned if there is no PPS confirmation.

How to share cheque details for verification under PPS?

1. Log in to PNB Net Banking.
2. Click on the ‘Positive Pay System’ tab under Value Added Services.
3. Select Account Number from the drop down menu.
4. After this the customer has to submit the six digit cheque number, cheque alpha (3 character), cheque date, cheque amount and beneficiary name.
5. Enter the password for the transaction and click on the submit tab.
6. If details are to be given through SMS, account number, cheque number, cheque alpha, cheque amount, date of cheque have to be given.

The post Big news for PNB account holder! Bank has changed the rule of cheque payment, now the transaction will be done like this first appeared on Rightsofemployees.com.

Now Positive Pay System (PPS) has been made mandatory for customers to make cheque payments of Rs 5 lakh or more. This change will come into effect from April 5 next month.

It is necessary to give details of cheque in PPS

Public sector bank has taken this step to save customers from any fake payment through cheque. In a statement from PNB, it was said that this decision will come into effect from April 5, 2023. Earlier, it was necessary to give the details of the cheque in the Positive Pay System (PPS) for payment of cheque of Rs 10 lakh and above. The statement said that PPS is a system developed by the National Payments Corporation of India (NPCI). Under this, customers have to confirm the necessary details while issuing chequs of a certain amount.

Additional security to avoid risk

These details include account number, cheque number, cheque alpha code, date of issue, amount and beneficiary name. This provides additional security to avoid any risk while making payment of large amount of cheques. The bank said that customers can avail this facility by giving cheque details through branch office, online banking, mobile banking or SMS banking.

Availing the facility at the option of the account holder

As per RBI guidelines, PNB had earlier introduced PPS for cheque of Rs 50,000 and above presented in CTS clearing from January 1, 2021. It was also said on behalf of RBI that it is at the discretion of the account holder to take advantage of this facility. Banks may consider making it mandatory for cheque of Rs 5 lakh and above.

What is Positive Pay System

PPS is a system developed by the National Payments Corporation of India (NPCI). Under this, customers are required to reconfirm necessary details such as account number, cheque number, cheque alpha code, date of issue, amount and beneficiary name etc. while issuing a cheque of a certain amount. In this, the customer has to provide all these details to the bank.

The post Cheque transaction Rules Change! Big news! This bank has changed in the rules of cheque transaction, check new rules instantly first appeared on Rightsofemployees.com.

Now Punjab National Bank has brought a special offer for you, in which you will get brand new notes. The bank has given information about these notes by tweeting.

Have to contact in the nearest branch

PNB has written in its official tweet that if you also want to change old or mutilated notes, now you can do this work easily. The bank has told that you can contact your nearest branch. Here you can exchange notes and coins.

Rules issued by the Reserve Bank According to the new rules of the Reserve Bank, if you also have old or mutilated notes, then you do not have to worry at all. Now you can exchange such notes by visiting any branch of the bank. If any bank employee refuses to exchange your note, then you can also file a complaint about this. You have to keep in mind that the worse the condition of the note, the less its value decreases.

Under what circumstances will the notes be exchanged?

According to RBI, any torn note will be accepted only when a part of it is missing, or which consists of more than two pieces and is pasted together, provided that no essential part of it is missing. If some special parts of the currency note, such as the name of the issuing authority, guarantee and promise clause, signature, Ashoka Pillar, picture of Mahatma Gandhi, water mark, etc. are also missing, then your note will not be exchanged. Soiled notes which have become unusable due to circulation in the market for a long time can also be exchanged.

Such notes can be changed from the RBI office, very burnt notes, or notes sticking together can also be changed, but the bank will not take them, you will have to take them to the issue office of RBI. Remember that these things will definitely be checked by the institution that the damage to your note is genuine and not intentionally damaged.

The post Currency Notes: Big news! RBI issued new guideline regarding 100, 200, 500 rupee notes, check here new guideline first appeared on Rightsofemployees.com.

The lending rate has been increased by 0.10% from the bank. PNB has changed the Marginal Cost of Lending Rates (Bandhan Bank MCLR) for its customers. From the side of the bank, it has been increased by 10 basis points i.e. 0.10 percent.

New rates will be applicable from tomorrow

According to the information given on the official website of the bank, the new MCLR rates of PNB will be applicable from March 1, 2023. The increase in MCLR will directly affect your loan taking. The effect of this will be that the EMI of the customers will increase. This change will affect both new and old customers.

These are the new rates:

According to the official website of PNB, the bank has increased the overnight MCLR from 7.90% to 8.00%. MCLR has been fixed at 8.10% for one month loan, 8.20% for 3 months and 8.40% for 6 months MCLR. The bank has fixed MCLR 8.50% on one year loan and 8.80% MCLR for three years.

Private sector’s leading Bandhan Bank has also increased the MCLR rate for customers. According to the official website of Bandhan Bank, the MCLR rate has been increased by up to 16 basis points.

The post Bank Customers Alert! This bank gave a shock! New rule will be applicable from tomorrow first appeared on Rightsofemployees.com.

FD rates hiked by 5 to 30 bps

According to the bank’s website, Punjab National Bank (PNB) has increased interest rates on select FDs by up to 30 basis points (bps). Interest rates have been increased in the range of 5 to 30 bps. For deposits maturing between 271 days and less than 1 year, the bank has increased the interest rate for regular citizens by 30 bps from 5.50% to 5.80%.

Interest rate on FD of 2 to 3 years increased by 25 bps

FDs maturing in one year to 665 days were increased by 5 bps to 6.80%. Similarly, the interest rate on FDs with maturity in 667 days and 2 years has been increased by 5 bps to 6.80%. Punjab National Bank has increased the FD rates maturing between 2 years and 3 years by 25 bps and the interest rate has increased from 6.75% to 7%.

PNB FD interest rate for senior citizens

PNB has increased the interest rate by 30 basis points from 6% to 6.30% for senior citizens with tenure of 271 days to less than 1 year. The bank has increased the interest rate on deposits maturing in 1 year and 665 days by 5 bps to 7.30%. FDs maturing in 667 days and 2 years increased the interest rate by 5 bps to 7.30%. PNB has increased the interest rate on fixed deposits maturing between 2 years to 3 years from 7.25% to 7.50%.

Interest rate on FD for super senior citizens

The bank has increased the interest rate by 30 bps from 6.30% to 6.60% for super senior citizens with tenure of 271 days to less than 1 year. The bank increased the deposit rates for 1 year to 665 days and 667 days to 2 years by 5 bps to 7.60%. Punjab National Bank has increased the interest rate from 7.55% to 7.80% on FDs of more than 2 years and up to 3 years. Let us tell you that people in the age group of 60 to 80 years are senior citizens, while people of 80 years and above are super senior citizens.

The post PNB Hikes Fixed deposit rates: PNB has Increased interest rates on FD by up to 0.30%, check latest interest rates first appeared on Rightsofemployees.com.

Now Punjab National Bank has brought a special offer for you, in which you will get brand new notes. The bank has given information about these notes by tweeting.

Have to contact in the nearest branch

PNB has written in its official tweet that if you also want to change old or mutilated notes, now you can do this work easily. The bank has told that you can contact your nearest branch. Here you can exchange notes and coins.

Rules issued by the Reserve Bank According to the new rules of the Reserve Bank, if you also have old or mutilated notes, then you do not have to worry at all. Now you can exchange such notes by visiting any branch of the bank. If any bank employee refuses to exchange your note, then you can also file a complaint about this. You have to keep in mind that the worse the condition of the note, the less its value decreases.

Under what circumstances will the notes be exchanged?

According to RBI, any torn note will be accepted only when a part of it is missing, or which consists of more than two pieces and is pasted together, provided that no essential part of it is missing. If some special parts of the currency note, such as the name of the issuing authority, guarantee and promise clause, signature, Ashoka Pillar, picture of Mahatma Gandhi, water mark, etc. are also missing, then your note will not be exchanged. Soiled notes which have become unusable due to circulation in the market for a long time can also be exchanged.

Such notes can be changed from the RBI office, very burnt notes, or notes sticking together can also be changed, but the bank will not take them, you will have to take them to the issue office of RBI. Remember that these things will definitely be checked by the institution that the damage to your note is genuine and not intentionally damaged.

The post 500 rupee Notes: Big news! RBI issued new guideline regarding 100, 200, 500 rupee notes, check here new guideline first appeared on Rightsofemployees.com.

Two lakh rupees of the customer were kept in the locker of Punjab National Bank. When he reached to withdraw his money, the notes were licked by termites. In such a situation, the question arises that if something untoward happens with your money kept in the locker, then someone is responsible for it. The answer to all these incidents is the new locker rules, which have come into force from February 1, 2023.

These are the new rules of Reserve Bank of India

According to the new locker rules of the Reserve Bank of India, if any item kept in the locker is damaged due to the negligence of the bank, then it will be the responsibility of the bank. It is the responsibility of the Bank to take necessary steps for the security of the premises. If the goods kept in the locker are damaged due to the negligence of the bank, then the bank will have to pay compensation. This compensation will be 100 times the rent of the locker for one year. During the loss, the banks cannot say that they do not have any responsibility.

Compensation will not be given in these cases

Bank will not be responsible if the locker is damaged due to natural calamity like earthquake, flood, storm etc. Apart from this, the bank will not be responsible even if the cash etc. kept in the locker of the bank is damaged due to the customer’s own fault. However, if there is a fire or theft due to the negligence of the bank, then the bank will be responsible for it. Apart from this, if any employee of the bank embezzles money or commits fraud, then also the bank will be responsible.

Let us tell you that the Reserve Bank of India had advised all the banks to renew the locker agreement of the existing customers of the banks from January 1. Along with this, the bank was asked to ensure that there should not be any unfair condition or terms in the agreement.

The post RBI new rules regarding bank locker all you need to know first appeared on Rightsofemployees.com.

At present, there are many such banks whose card you can withdraw money from without using the ATM, but now the Reserve Bank has increased the scope of the bank. Now almost all the banks are providing the facility to withdraw money.

Major banks like State Bank of India (SBI), HDFC Bank and Punjab National Bank (PUB) provide cardless card withdrawal facility. The advantage of withdrawing money at ATMs without credit and debit cards is that it prevents situations like card loss, incorrect PIN transition and card theft at ATMs. Instead of card, you can withdraw money from ATM with the help of UPI. Let us tell you how to withdraw money from ATM without card.

To withdraw money through UPI, the following are the things that you must have in your mobile phone. To withdraw money from an ATM, you need to have a bank account and install any UPI-based payment app like GPay, PhonePe, BHIM, etc.

You must have an internet connection.

What are the procedures to withdraw cash through UPI?

Step 1: First of all, go to any ATM and select “Withdraw Cash” option
Step 2: From “Withdraw Cash” option, you need to select UPI option on the ATM screen. The QR code will show on the ATM screen.
Step 3: Now, you need to open any UPI payment app on your phone and turn on the QR code scanner.
Step 4: Start scanning the QR code shown on the ATM screen.
Step 5: After scanning, you need to select the amount you want to withdraw.
Step 6: Next, hit the Proceed button and enter your UPI PIN to withdraw money.

The post ATM Cash Withdrawal Rules: Debit card is not required to withdraw cash from ATM, know here the secret method first appeared on Rightsofemployees.com.

Investing in it is considered very safe. Know how much interest is being received in which bank. In this news, you are being given information about interest on FD of many banks together. From which you can choose the right bank for yourself.. Know what are the complete details….

What is Fixed Deposit

According to the rules of the Reserve Bank of India (RBI), you can keep your money in a fixed deposit in a lump sum bank. On which you get the benefit of interest every year. This can be extended even further. In this, senior citizens get more interest.

Getting so much interest

To control inflation from the RBI, there has been a change in the repo rate several times since last year. In such a situation, the bank also provides you attractive schemes on Fixed Deposit. In this, whether it is Axis Bank, Canara Bank or Punjab National Bank, all banks are offering interest rates of 8 percent or more on many periods among rising FDs. In this, interest of 8 percent or more is being given to senior citizens.

People of this age group are senior

For this scheme, you should be 60 years or more and less than 80 years of age. These people are considered senior citizens in the country. A very senior citizen is one whose age is 80 years or more.

See at a glance more than 8 percent return on FD

• Punjab National Bank – Super Senior Citizens get 8.05% return on 666 days FD.
• Axis Bank – Senior citizens get 8.01% interest on FDs of less than 2 years to 30 months.
• DCB Bank – Senior citizens get 8.35% return on FDs ranging from 700 days to less than 36 months. 
• IDFC First Bank – In this bank, senior citizens are being given 8% return on FDs of 18 months – 1 day – 3 years.
• Yes Bank – In this bank, senior citizens get 8% interest on 25-month FD and 8.25% interest on 35-month special FD.
• In the same private banks HDFC Bank and ICICI Bank, senior citizens are getting 7.50 percent returns. 
• In Canara Bank , senior citizens are getting 7.65 percent interest on 444 days FD. 

The post Senior Citizen Fixed Deposit Rate: Senior citizens will get more than 8 percent interest in these banks, know details first appeared on Rightsofemployees.com.

Though banks are in a race to increase the interest rates and pass on the benefits to the customers, there are only a few banks which are offering the highest interest rates to senior citizens. Today we are going to tell you about such banks which are earning 8% or more to senior citizens.

These banks are getting more than 8 percent returns

1. Axis Bank gives 8.01% interest to senior citizens on FDs of 2 years to less than 30 months.
2. Punjab National Bank is giving 8.05% return to super senior citizens on 666 days FD.
3. DCB is giving 8.35% return to senior citizens on FDs ranging from 700 days to less than 36 months. The bank is paying 8 percent interest on FDs of less than 700 days from 18 months.
4. IDFC First Bank is offering 8% return on FDs of 18 months – 1 day – 3 years to senior citizens.
5. Yes Bank gives 8 percent interest rate to senior citizens on FD of 25 months and the bank gives 8.25 percent interest on 35 months special FD.
6. Other big banks like HDFC Bank and ICICI Bank offer 7.50% returns to senior citizens.
7. Canara Bank gives 7.65% interest on 444 days FD to senior citizens.

who is a senior citizen

An Indian who is 60 years or more but less than 80 years of age at any time during the previous year is considered as a senior citizen. A super senior citizen is one whose age is 80 years or more.

TDS on Senior Citizen FD

Banks will deduct TDS at the rate of 10% and 20% if neither PAN nor Form 15G and 15H are submitted. For senior adults aged 60 years and above, the annual maximum for FD interest income is Rs 50,000; After that, banks levy 10 per cent TDS.

The post Bumper FD Rate for Senior Citizen: Senior citizens are earning more than 8% from FDs in these banks, see full list first appeared on Rightsofemployees.com.

But there is another category above senior citizens for banks, which is called super senior citizens. Persons above the age of 60 years are called senior citizens and those above the age of 80 years are known as very senior citizens. These four banks offer high interest rates on Fixed Deposit (FD) to their very senior citizens.

Punjab National Bank

According to the Punjab National Bank (PNB) website, the bank offers an additional interest rate of 80 basis points over and above the applicable interest rate across all categories to very senior citizens above the age of 80 years. PNB’s Super Senior customers get a maximum interest rate of 8.10% for a tenure of 666 days.

This rate has come into effect from 12 December 2022. Explain that the bank has increased the interest rates by 50 basis points for senior citizens in the age group of 60 to 80 years for a period of 5 years on domestic deposits of less than Rs 2 crore. Whereas for citizens above 80 years of age, there has been an increase of 80 basis points.

RBL Bank

RBL bank offers a higher interest rate of 0.75% p.a. for all tenures to citizens aged 80 years and above. The bank currently offers 8.3% interest to very senior citizens. These rates were implemented from 25 November 2022 . On the other hand senior citizens in the age group of 60 to 80 years can avail an additional interest rate of 0.50% per annum over normal.

Indian Bank

Indian Bank offers an interest rate of 0.25% above normal to its very senior citizens. Indian Bank offers an interest rate of 7.15 per cent for a tenure of 555 days, which is .25% higher than normal.

Union Bank of India

Union Bank of India offers its very senior citizens an interest rate of 0.75% per annum above normal for all tenures on FDs. Explain that these interest rates have come into effect from 25 November 2022. The bank offers the highest interest rate of 8.05% to its very senior citizens for a tenure of 800 days and 3 years. At the same time, the bank gives an annual interest rate of 6.80% to senior citizens in the age group of 60 to 80 years.

The post Senior Citizen FD Rates: These four banks give the highest interest rate on FD to Super Senior Citizens, know details first appeared on Rightsofemployees.com.

In the new year, in the first week of January, many banks including Bandhan Bank, Punjab National Bank, Yes Bank and Kotak Mahindra have announced to increase the interest rate. The increased rates will be applicable for fixed deposits up to ₹2 crore. Some economic analysts predict that RBI may announce or implement another hike in February 2023. Due to this, the possibility of further increase in interest rates has increased in the coming days.

• Punjab National Bank on January 1 announced an increase in the rates of interest on savings accounts and fixed deposits. PNB increased the interest rate on savings account by 25 basis points, while increased the interest rate on FD by up to 50 basis points. The bank is now offering 4 to 8 percent interest rate on FD.
• Indian Overseas Bank (IOB) on January 1 increased the interest rate on short-term FDs of 7 to 90 days by 75 basis points. The bank currently offers a maximum interest of 6.55% on FDs of 444 days. While the additional rates for senior citizens remain at 0.50% and 0.75% respectively.
• On January 1, Punjab and Sindh Bank has announced an increase in the interest on FDs. The bank is currently offering 2.80% to 6.25% interest on Fixed Deposits with maturities ranging from 7 days to 10 years, while the rate for a tenure of 601 days is 7%.
• Bandhan Bank has announced an increase in interest on FDs on January 5, 2023. The bank currently offers 3.00% to 5.85% on FDs maturing in 7 days to 10 years, while for senior citizens it ranges from 3.75% to 6.60%. The bank is giving maximum interest rate of 7.50% to general citizens and 8% interest to senior citizens.
• Kotak Mahindra Bank increased interest rates on savings schemes by up to 50 bps on January 4, 2023. On FDs maturing in 390 days to less than two years, the bank is now offering a maximum interest of 7% to the general public, while the rate for senior citizens is 7.50%.
• Yes Bank has announced a change in the interest rate on FDs up to ₹ 2 crore on January 3, 2023. The bank is offering interest between 3.25% and 7.00% to the general public, while the rate for senior citizens is 3.75% to 7.75% on deposits ranging from 7 days to 120 months.

The post Fixed deposit list of banks: Big news! These banks increased FD interest rates in January 2023 first appeared on Rightsofemployees.com.

A similar rule is also related to bank locker. If you use bank locker, then know that RBI has changed the rules of bank locker. Many banks are sending SMS to alert the customers. In a message sent to customers by Punjab National Bank, it has been said that the new locker agreement is being implemented as per the guidelines of RBI. Along with this, updates are also being taken from the customers regarding non-agreement. Instead of giving this update on SMS or email, you can go to the bank and get a new agreement done.

New locker agreement from 1 January 2023

If you have rented a bank locker or are planning to use a bank locker, then you should be aware of this new rule of bank locker. RBI had issued a guideline regarding this on 8th August itself. According to this, if any item of the customer gets damaged then it will be the responsibility of the banks. Along with this, the customers will have to sign the bank locker agreement by December 31. Along with this, customers will have to be informed about the change in locker rules through SMS and other means.

Bank will have to pay compensation

Under the new rule, if there is any loss, then this responsibility will be directly of the bank and it will have to pay compensation. If the loss is due to the fraud of the bank employee, then 100 times the rent of the locker will have to be paid to the bank. However, if the locker is affected by natural calamity or otherwise, the bank will not be responsible for compensation.

Nominee will get facility

If due to some reason the person taking the facility of locker dies, then according to the new agreement, the facility of locker will be given to the nominee. If he wants to keep this locker forward then he will have to contact the bank and if he wants to remove it then he will be the claimant.

The post RBI Released guideline: Big change in bank locker rules from today, check new guideline first appeared on Rightsofemployees.com.

The bank has made a big change for the customers from January 1. Customers keeping Fixed Deposit in PNB will get many other benefits along with higher interest. The bank has given information about this on the official website.

PNB has given information on the official website According to the official website of PNB, the bank has increased the interest rates of FD. From now on, customers will get the benefit of 50 basis points more interest on FD. Along with this, interest rates on savings account have also increased by 25 basis points.

There has also been a change in the rates of FDs.

If we talk about the rates of fixed deposits, interest will be available at the rate of 3.50 per cent on FDs of 7 to 45 days. At the same time, interest will be available at the rate of 4.50 percent on FDs of 46 days to 179 days.

Interest increased on FD of which period?

Apart from this, if we talk about FD of 1 year to 665 days, then it has increased by 45 basis points, after which you will get interest at the rate of 6.75 percent. 7.25 percent interest will be available on FD of 666 days. 6.75 percent interest will be given on FDs of 667 days to 2 years, 6.75 percent interest on FDs of more than 2 years and up to 3 years, 6.50 percent interest on FDs of 3 years to 10 years.

How much interest will be available on savings account?

If you have a savings account of less than Rs 10 lakh, then you will get the benefit of 2.70 per cent interest per annum. On the other hand, if your balance amount is more than Rs 10 lakh and less than Rs 100 crore, then you will get the benefit of interest at the rate of 2.75 percent. At the same time, an account with an amount of more than 100 crores will get interest at the rate of 3 percent.

The post Good news for PNB customers, bank made this big change, crores of customers will get more benefits first appeared on Rightsofemployees.com.

But there is another category above senior citizens for banks, which is called super senior citizens. Persons above the age of 60 years are called senior citizens and those above the age of 80 years are known as very senior citizens. These four banks offer high interest rates on Fixed Deposit (FD) to their very senior citizens.

Punjab National Bank

According to the Punjab National Bank (PNB) website, the bank offers an additional interest rate of 80 basis points over and above the applicable interest rate across all categories to very senior citizens above the age of 80 years. PNB’s Super Senior customers get a maximum interest rate of 8.10% for a tenure of 666 days.

This rate has come into effect from 12 December 2022. Explain that the bank has increased the interest rates by 50 basis points for senior citizens in the age group of 60 to 80 years for a period of 5 years on domestic deposits of less than Rs 2 crore. Whereas for citizens above 80 years of age, there has been an increase of 80 basis points.

RBL Bank

RBL bank offers a higher interest rate of 0.75% p.a. for all tenures to citizens aged 80 years and above. The bank currently offers 8.3% interest to very senior citizens. These rates were implemented from 25 November 2022 . On the other hand senior citizens in the age group of 60 to 80 years can avail an additional interest rate of 0.50% per annum over normal.

Indian Bank

Indian Bank offers an interest rate of 0.25% above normal to its very senior citizens. Indian Bank offers an interest rate of 7.15 per cent for a tenure of 555 days, which is .25% higher than normal.

Union Bank of India

Union Bank of India offers its very senior citizens an interest rate of 0.75% per annum above normal for all tenures on FDs. Explain that these interest rates have come into effect from 25 November 2022. The bank offers the highest interest rate of 8.05% to its very senior citizens for a tenure of 800 days and 3 years. At the same time, the bank gives an annual interest rate of 6.80% to senior citizens in the age group of 60 to 80 years.

The post Senior Citizen FD Rates: These four banks give the highest interest rate on FD to Super Senior Citizens, know details first appeared on Rightsofemployees.com.

Persons above 60 years of age are called senior citizens and those above 80 years of age are called super senior citizens Persons above the age of 60 years are called senior citizens and those above the age of 80 years are called super senior citizens. Many banks offer higher interest to their customers. Here we are giving you the list of 4 banks which are offering more interest to super senior citizens.

Punjab National Bank

According to PNB’s website, super senior citizens above 80 years of age get 80 basis points i.e. 0.80 per cent more interest. PNB is offering a maximum interest of 8.10% to Super Senior Citizens for a tenure of 666 days. This rate has come into effect from 12 December 2022. Apart from this, senior citizens of 60 to 80 years are being given 0.50 percent more interest on 5-year FDs. This interest is being given on FDs of less than Rs 2 crore.

RBL Bank

For people aged 80 years and above, an additional interest of 0.75% per annum is being given. At present the bank gives 8.30% interest to senior citizens. These new rates have come into effect from 25 November 2022. Apart from this, super senior citizens can take advantage of an additional interest of 0.50% per annum.

Indian Bank

Indian Bank is giving 0.25% extra interest to super senior citizens. It is being given after the extra interest of 0.50 per cent being given to senior citizens.

Union Bank of India

An additional interest of 0.75 per cent is being given to all super senior citizens. These new rates have come into effect from 1 December 2022. The bank is giving a maximum interest of 8.05% to Super Senior Citizens. These rates are being given on FDs ranging from 800 days to 3 years.

The post FD Rate Increased: These 4 banks are giving bumper interest on FD, only these customers can avail first appeared on Rightsofemployees.com.

Senior citizens get higher interest in fixed deposits as compared to other investors. Here we have compared the interest rates offered to senior citizens by big banks like State Bank of India (SBI), HDFC Bank, Canara Bank and ICICI Bank and Punjab National Bank (PNB). Let us know in which bank you will get the highest return on deposit.

HDFC Bank

HDFC Bank has increased the interest rate on FDs of less than Rs 2 crore. Now senior citizens will get 3.50% to 7.50% interest on FDs of 7 days to 10 years. At the same time, the bank is offering the highest interest rate of 7.75 per cent to senior citizens. According to the official website of the bank, the new rates are effective from December 14, 2022. Common investors will get up to 7% interest on FDs ranging from 5 years 1 day to 10 years. On the other hand, if you are a senior citizen then you will be given 7.75% return.

State Bank of India (SBI)

The country’s largest public sector bank SBI has increased the interest rates on FDs of less than Rs 2 crore by 65 basis points. The new rates have come into effect from December 23. After the hike, senior citizens will get 3.50% to 7.25% interest for a period of 7 days to 10 years. The bank has increased the interest rate on deposits from 211 days to less than one year from 5.50 percent to 5.75 percent. There itself. Senior citizens will get 6.25 percent interest on this.

• FDs of 1 year to less than 2 years will now fetch 6.75 per cent interest, while senior citizens will get 7.25 per cent interest on it.
• Senior citizens will now get 7.25 per cent interest as against 6.75 per cent on FDs of 2 years to less than 3 years.
• Senior citizens will now get 6.75% interest on FDs for a period ranging from 3 years to less than 5 years.
• Apart from this, up to 7.25 percent interest will be available for a period ranging from 5 years to 10 years.

Punjab National Bank (PNB)

According to the bank’s website, senior citizens will be given 50 basis points more interest on any FD than general depositors. The bank is offering interest rates ranging from 4% to 7.75% for senior citizens on FDs below Rs 2 crore for tenures ranging from 7 days to 10 years.

ICICI Bank

ICICI Bank has increased interest rates by up to 60 basis points on FDs up to Rs 2 crore. The increased FD rates are applicable from December 16, 2022. After the hike, the interest rate offered by the bank ranges from 3.5% to 7.50% for tenures ranging from 7 days to 10 years. If you do FD for a period ranging from 5 years 1 day to 10 years, then you will get 6.90 percent return. At the same time, senior citizens will get 7.50 percent interest on it.

Canara Bank

Public Sector Bank, Canara Bank has increased the interest rates on FDs of less than Rs 2 crore. According to the official website of the bank, the new rates are applicable from December 19, 2022. The bank is offering senior citizens an interest rate of 3.25% to 7.50% on FDs maturing in 7 days to 10 years.

The post Senior Citizen FD Rate Increased: SBI, HDFC, PNB, ICICI Bank increased interest rates on FD for Senior Citizen first appeared on Rightsofemployees.com.

Banks like Punjab National Bank (PNB) are also sending alert SMS to alert the customers about the locker agreement. In the message being sent by PNB to the customers, it is written that ‘as per RBI guidelines, the new locker agreement is to be executed before December 31, 2022′. Please confirm if not already done – Team PNB’.

If you also use a bank locker or are planning to rent a locker, then you must know about the locker rules of the Reserve Bank of India (RBI). RBI had announced new guidelines through notifications on 8 August 2021 and new rules have come into force from 1 January 2022. Locker holders will have to show eligibility for a new locker agreement and enter into an agreement for renewal before January 1, 2023.

Revised instructions of RBI

According to the Reserve Bank of India’s revised instructions notification, ‘Banks shall ensure that no unfair terms or conditions are included in their locker agreements. Further, to protect the interest of the Bank, the terms of the contract shall not be more onerous than would be necessary in the ordinary course of business. Banks will renew their locker agreements with existing locker customers by January 1, 2023.

What is locker agreement As per the Locker Agreement Policy of PNB, at the time of allotting a locker to any customer, the bank enters into an agreement with the customer to whom the locker facility is provided, on a duly stamped paper. A copy of the locker agreement signed by both the parties is given to the locker-hirer to know his/her rights and responsibilities. While the original copy of the agreement made is with the branch of the bank where the locker facility is provided to the customer.

These rules have come into force from January 1, 2022
SMS & Email Alerts

Customer, whenever you access your locker, its alert will be given through e-mail and SMS through the bank. These messages will be sent as confirmation by the banks to the registered email address and mobile number of the customer before the end of the day. This message shall inform the customers about the date, time and possible remedies in case of unauthorized locker access.

Bank will give compensation in these situations

• As per the new norms of RBI, if there is any damage to the contents kept in the locker due to the negligence of the bank, then the bank will have to pay for it. 
• The RBI notification says, it is the responsibility of the banks to take all steps for the security of the premises in which the safe deposit vault is kept. 
• It is the Bank’s responsibility to ensure that incidents like fire, theft/robbery, building collapse do not occur in the Bank’s premises due to its own lapses, negligence and lapses.  
• Banks cannot claim that they do not bear any liability to their customers for loss of contents of lockers.
• In cases where the loss of the contents of the locker is due to the events mentioned above or due to fraud committed by the employees of the bank, the liability of the bank will be up to 100 times of the annual rent of the locker.

Bank will not compensate in these situations

The Bank will not be responsible for any damage caused to the contents of the Locker due to natural calamities like earthquake, flood, lightning, storm etc., due to customer’s fault or negligence. On the other hand, banks should take proper precautions with their locker systems to secure their facilities from such disasters.

Banks will continue to accept fixed deposits to recover locker rent. To ensure prompt payment of locker rent, banks are permitted to obtain a fixed deposit at the time of allotment, which will cover three years’ rent and locker opening charges in case of any such eventuality. However, banks will not insist on such fixed deposits from existing locker holders or accounts with satisfactory conduct.

On death of the account holder

If the sole locker holder nominates a person to receive the contents of the locker in the event of death, the bank will verify the death certificate of the account holder and the identity of the nominee after taking a list in the prescribed manner and after being satisfied, the nominee will be Will give permission to take the contents of the locker.

If the locker was hired jointly with instructions to operate it under joint signature and the locker hirer nominates any other person, the Bank shall give liberty to the survivors and the nominee to remove the contents jointly.

The post Bank Locker new guideline! Bank locker rules will change from January 1, know in which situations the bank will be responsible first appeared on Rightsofemployees.com.

Punjab National Bank (Punjab National Bank – PNB), which is included in the country’s big public sector banks, has increased the interest rates of Fixed Deposits (FD) of less than Rs 2 crore. According to the official website of the bank, the new rates have come into effect from December 19, 2022.

After this change, the bank has reduced the interest rate on FD of 666 days to 7.25 percent. Earlier it was 6.30 percent. The bank has increased the rate of 40 basis points on fixed deposits ranging from 3 years to 10 years. With this announcement of PNB, the customers will get a big relief in the midst of costlier loans.

According to PNB, 666 days FD will get interest at the rate of 7.25 per cent for general public, 7.75 per cent for senior citizen customers and 8.05 per cent for super senior citizens.

Interest rates on deposits below Rs 2 crore have been hiked. Earlier on 26 October 2022, the bank had increased the interest on fixed deposits. Now the bank has changed it once again. The bank has increased the interest rates on deposits of 666 days from 6.30 per cent to 7.25 per cent. For this tenure, the bank is offering 8.05 per cent interest to the super senior citizens. The bank is now paying interest at the rate of 3.50 per cent on FDs maturing in 7 days to 45 days. While senior citizens will get interest at the rate of 4 percent.

Interest rate on FD for senior citizens

According to the bank’s website, senior citizens between 60 years and 80 years get an interest of 50 basis points more than the normal. While elders above 80 years are offered 80 basis points more interest than normal customers.

The post PNB FD Rate Increased For Senior Citizen! Punjab National Bank is giving bumper returns on FD, 8.05% gift to super senior citizens first appeared on Rightsofemployees.com.

If you haven’t done KYC yet, get it done soon. The bank has appealed to the customers that all customers should get KYC done by December 12, 2022. The bank account of the customers will remain active only after KYC is done, otherwise the customers will not be able to do any kind of transaction. Let us know in detail.

PNB alerted!

Punjab National Bank has made a tweet appealing to its customers. Actually, for the last several months, the bank has been appealing to its customers to update KYC (know your customer). In this tweet, the bank has clearly said that all the customers should get their KYC updated within the stipulated time limit. According to the information given by the bank, if you have not updated your KYC yet, then from December 12, you will not be able to do any kind of transaction from your account. Actually, before this detailed information has been given by issuing instructions from the Reserve Bank of India.

Why is KYC necessary?

The full form of KYC is ‘Know Your Customer’. Why it is so important to get KYC done is a big question. Actually, by doing KYC, the bank has the latest information about the customer. In banking, customers have to fill KYC form every 6 months or 1 year. In this, you have to fill your name, bank account number, PAN card number, Aadhaar card number, mobile number and complete address, so that your bank gets all your information.

Do KYC sitting at home

You can e-mail your document bank for this.
– Apart from this, you can complete KYC by calling OTP on mobile from Aadhaar.
– Customers of many banks can do KYC with the help of net banking.
– If you want to go to the bank and get it done, you can do that too.
For this, take the KYC form from your branch and after filling it and attaching all the necessary documents, submit it.
– Your KYC gets updated within 3 working days of KYC form submission.

The post High alert for PNB customers! Get this work done today, otherwise you will not be able to do any transaction first appeared on Rightsofemployees.com.

The bank has increased the rates of MCLR. The new rates of the bank have come into effect from December 1.

How much have the rates increased?

ICICI Bank has increased the MCLR rates by 10 basis points. After this decision of the bank, all types of loans will become expensive. Apart from this, PNB has increased by 0.05 percent. Bank of India has increased up to 0.25 percent.

What happened to the rates of ICICI Bank?

Overnight and one month rate of private sector ICICI Bank has increased from 8.05 per cent to 8.15 per cent. Apart from this, the rate for 3 months has increased from 8.10 percent to 8.20 percent. If we talk about the rates for 6 months, then they have increased from 8.35 percent to 8.40 percent.

New rates of PNB

Talking about the rates of Punjab National Bank, the overnight rate has increased from 7.40 percent to 7.45 percent. At the same time, the one-month rate has increased from 7.45 percent to 7.50 percent. If we talk about the rate of 3 months, then it has also increased from 7.55 percent to 7.60 percent. Talking about the rates for 6 months, it is 7.80 percent and the rate for one year is 8.10 percent.

Bank of India’s new rates

Bank of India’s overnight rates have increased from 7.05 percent to 7.30 percent. At the same time, the one-month rate has increased from 7.40 percent to 7.65 percent. Apart from this, if we talk about the rate of 3 months, it has increased from 7.45 percent to 7.70 percent. If we talk about the rate of 6 months, then the rate of one year has become 7.90 percent and 8.15 percent.

The post Bank Rules Change: Big shock to crores of customers having account in these 3 banks, big change in rules! first appeared on Rightsofemployees.com.

PNB customer alert: If your account is also in PNB bank then there is an important update for you. Punjab National Bank has given big information by tweeting. If you do not listen to the bank, then your bank account may also be closed or there may be a ban on account transactions.

The post Big news for PNB customers! The account will be closed from December 12, know here why? first appeared on Rightsofemployees.com.

PNB tweeted

PNB has given information about this on its official tweet. PNB has written in the tweet that when you get good interest on investment, the savings will automatically increase. PNB has brought a special scheme of 600 days to the customers.

When interest rates are so high then saving will automatically fly!#InterestRates #FixedDeposit #Saving #Expectation pic.twitter.com/cjgYFujUlK

— Punjab National Bank (@pnbindia) November 11, 2022

will get big interest

PNB’s 600-day scheme offers the benefit of interest at the rate of 7.85 per cent. To take advantage of this scheme, you can apply through PNB One app. Apart from this, you can also take advantage of this by visiting the branch of the bank.

What is the specialty of the scheme

• This special scheme from the bank has started from 19 October 2022.
• This scheme is for senior citizens (60-80 years).
• Apart from this, very senior citizens (80 years and above) can also take advantage of this.
• Under this, a lump sum amount of less than two crore rupees can be deposited.

The post Good news for PNB customers! Bank started 600 days Fixed Deposit scheme – will get more benefits first appeared on Rightsofemployees.com.

Along with this, PNB has also revised the National Automated Clearing House (NACH) e-mandate charges.  If your account is with Punjab National Bank (PNB), then there is important news for you. Public sector lender Punjab National Bank has increased the service charges for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) and transactions.

The bank had made this announcement on May 20, 2022, now it has increased the listed service charges on RTGS, NEFT, and NACH emandate transactions. Along with this, PNB has also revised the National Automated Clearing House (NACH) e-mandate charges. Let us know how much has been increased by PNB as fee.

Changes in RTGS rules

According to PNB, Rs 24.50 will be charged for RTGS charges for offline transactions. At the same time, 24 rupees will have to be paid for online transactions. Earlier, Rs 20 was charged as RTGS for offline transactions at branch level. Earlier, RTGS charges on Rs 5 lakh and above were Rs 40, which has been increased to Rs 49.50. At the same time, it is Rs 49 for online charge.

Changes in NEFT Charges

National Electronic Funds Transfer (NEFT) charges have changed. According to the PNB website, “The savings account will not charge customers for NEFT fund transfers initiated online. NEFT charges will be levied on transactions other than those taking place outside PNB.

PNB NEFT Fees

2.00 at the bank branch earlier for NEFT transactions up to Rs.10,000/- and there was no charge for online transactions. But now the branch will charge Rs 2.25 and for online transactions it has been reduced to Rs 1.75.

Earlier, service charges were Rs 4.00 in-branch and nil online for transactions from Rs 10,000/- to Rs 1 lakh, but now they have been increased to Rs 4.75 for in-branch and Rs 4.25 for online transactions.

Earlier, the service charges were Rs 14.00 in-branch and nil online for transactions from Rs 1 lakh to Rs 2 lakh, but now they will be Rs 14.75 in-branch and Rs 14.25 for online transactions.

Service charges at branches have been increased from Rs 24.00 to Rs 24.75 for NEFT transactions above Rs 2 lakh and to Rs 24.25 for online transactions.

All the above charges are exclusive of applicable GST. PNB has mentioned on its website that there is no charge to the savings bank account holders for NEFT fund transfer initiated online.

The post PNB increased Charges: PNB has increased many charges including maintenance, now this much money will have to be paid first appeared on Rightsofemployees.com.

There is important news for crores of pensioners across the country. The month of October has come to an end and the month of November is about to begin. In such a situation, crores of pensioners across the country have to submit their annual life certificate i.e. Jeevan Pramaan Patra this month. However, there is a relief to the pensioner of the Employee Pension Scheme (EPScheme) that he can submit his life certificate anytime within a year.

Pensioners get the best surprise gift this year! Submission of life certificate is now free through Doorstep Banking Service from 1-10-2022 to 31-01-2023.

For more information, visit: https://t.co/4q7Ihl8dev#DoorstepBanking #Pensioners #LifeCertificate #SurpriseGift pic.twitter.com/ZtGp58iS92

— Punjab National Bank (@pnbindia) November 3, 2022

You submit the Life Certificate in several ways. You can submit the Life Certificate by visiting the Treasury, Bank Branch, Common Service Center and Post Office. Pensioners can submit digital life certificate through doorstep banking service of 12 banks including state-owned Punjab National Bank (PNB). Many banks have to pay a fee for door step service.

Meanwhile, Punjab National Bank has told that you can submit life certificate for free through its doorstep banking service. This free facility will be available from October 1, 2022 to January 31, 2023. Punjab National Bank has given this information by tweeting.

Life certificate will be made online

Let us tell you that pensioners do not need to go themselves to get their life certificate made. The Life Certificate itself can also be generated online. You can generate life certificate digitally from the Central Government Life Certificate Portal https://jeevanpramaan.gov.in/. Digital certificate can be generated through Aadhaar based authentication.

The post Good news for pensioners! Submit life certificate for free through PNB doorstep banking first appeared on Rightsofemployees.com.

PNB FD Rate: After the increase in FD interest rates last week, Punjab National Bank (PNB) has once again increased the interest on FD. The bank has again increased the FD interest rates on deposits below Rs 2 crore. These new rates have come into effect from 26 October. PNB Bank will now offer interest at the rate of 4.50 percent on FDs of 46 days to 90 days. The bank has increased it by 75 basis points. It will now offer an interest rate of 5.50 per cent on FDs ranging from 180 days to less than a year. Earlier, interest of 5 per cent was being available on this.

Now these are the new rates

The post PNB FD Rate: Punjab National Bank once again increased interest, check latest rate first appeared on Rightsofemployees.com.

The post PNB 600 Days FD Scheme: Punjab National Bank customers will get Diwali gift, tremendous interest on fixed deposits first appeared on Rightsofemployees.com.

This additional interest is being given on FDs ranging from 7 days to 10 years. The bank usually gives an additional interest rate of 50 basis points i.e. 0.50 percent to senior citizens 60 years and above over and above the FD rates of the general public.

PNB is the first public sector bank that is currently offering the highest interest rate on FDs to senior citizens of 80 years as compared to other banks. PNB has given on its official website that super senior citizens above the age of 80 years will get an additional interest of 80 basis points over the interest rate applicable across all maturity brackets.

According to the bank, the same rate will be applicable for the members of the staff as well as the super senior citizens in the case of retired staff members. They will also get the benefit of 80 basis points. Let us tell you that at present no bank is paying that much interest on all tenures to its super senior citizen customers.

If you come under the category of senior citizens and want to take advantage of this scheme of PNB, then for this, senior citizens of Punjab National Bank (PNB) have recently increased the interest rate on some fixed deposits. The bank says that interest rates were increased on FDs of a particular duration for senior citizens and on FD deposits of all tenors for super senior citizens.

Know what is the interest rate?

Punjab National Bank had increased the interest rate for senior citizens on FDs of 5 to 10 years from 6.15 percent to 6.45 percent. Senior citizens will get an additional 0.50 per cent interest at the applicable rates on any domestic deposit FD maturing less than Rs 2 crore and super senior citizens will get 3.80 per cent to 6.55 per cent interest on FDs maturing in 7 days to 1111 days and On this, the benefit of additional interest of 0.80 percent will be available.

The post Super Special FD for Senior citizens: Good News! This government bank has brought a special offer for senior citizens, will get so much interest on FD first appeared on Rightsofemployees.com.

Additional interest rate is available on all tenors ranging from 7 days to 10 years. Banks usually offer higher interest rates, 50 bps, over the FD rates of the general public to senior citizens (60 years and above). But, PNB is the first bank that is currently offering higher interest rate on fixed deposits to senior citizens.

Giving information on its website, PNB has said that super senior citizens above the age of 80 years will get an additional interest rate of 80 bps on the card rate applicable in all maturity buckets.

It further states that in case of staff members as well as retired staff members who are also super senior citizens, the maximum interest rate on the applicable card rate shall be 180 bps higher than the applicable card rate across all maturity buckets.

PNB Latest FD Rates for Super Senior Citizens

On September 13, PNB had increased the interest rates on fixed deposits for all tenors for super senior citizens. The bank is offering fixed deposits starting from 7 days to a maximum of 10 years. Super senior citizens are getting interest rates ranging from 3.80% to 6.55% on fixed deposits maturing in 7 days to 1111 days.

Special FD Schemes for Senior Citizens

During the Covid-19 pandemic, banks such as State Bank of India (SBI), HDFC Bank, ICICI Bank and Bank of Baroda (BOB) had introduced special fixed deposits for senior citizens, where FDs with tenures at higher interest rates was offered. year and above. Some of these banks are still continuing these schemes.

In an effort to make banking services more accessible, PNB has launched banking services through WhatsApp for both customers and non-customers. The WhatsApp banking service will be available 24×7, including holidays, on both Android and iOS-based mobile phones.

The post Punjab National Bank: Good News ! Punjab National Bank is giving 0.80% more interest to senior citizens, get complete information here first appeared on Rightsofemployees.com.

The bank has increased the rates by up to 30 bps for amounts up to Rs 2 crore and the new rates have come into effect from September 13, 2022. PNB has increased the FD interest rate for senior citizens from 6.15 percent to 6.45 percent. This has happened for a tenure of 5-10 years.

“The revised interest rates are applicable on fresh deposits and renewal of existing deposits with effect from 13.09.2022,” the bank said on its website.

The bank further said, “Senior citizens of 60 years and up to 80 years will get an additional interest rate of 50 bps on applicable card rates for tenors of up to 5 years and for domestic deposits of less than Rs 2 crore for tenures exceeding 5 years. Additional interest of 80 bps will be available for Rs.

In case of staff members as well as retired staff members who are also senior citizens, the maximum interest rate at the applicable card rate will be 150 bps for tenures up to 5 years and 180 bps for tenures above 5 years.

PNB said that super senior citizens (above 80 years of age) will get an additional interest rate of 80 bps over the applicable card rate across all maturities.

The post PNB FD Interest Rate 2022: Increase in FD rates for senior citizens; check details first appeared on Rightsofemployees.com.

Charges are levied for using ATMs more than the permitted number of free monthly transactions. According to RBI in June last year, banks were allowed to charge ₹21 per transaction at ATMs in excess of the monthly free transaction limit with effect from January 1, 2022. Earlier, banks could charge 20 for each such transaction.

Customers are allowed five free transactions every month and there is a limit of only three free transactions for withdrawing money from other bank ATMs. Customers in non-metro centers can avail up to five free transactions at other bank’s ATMs.

Below is the information about all the big banks…

State Bank of India
SBI one of the top commercial banks in India offers three free ATM withdrawals in metro cities and five in rest areas. Thereafter, there is a fee of Rs 5 for transactions and Rs 10 for withdrawals from non-SBI ATMs.

Punjab National Bank
PNB offers three free ATM withdrawals in major cities and five free withdrawals in most other locations similar to SBI. After that the bank charges Rs 10 on ATM withdrawals.

HDFC Bank
In India, HDFC Bank offers five free transactions in total and three free transactions in important cities. The bank charges Rs 125 for international ATM transactions.

ICICI Bank
ICICI Bank follows the same rules 3 and 5 as other banks in terms of free withdrawals. Withdrawals from ATMs are subject to additional bank charges of Rs 21.

Axis Bank
Axis Bank also has the same formula 3 and 5 provides the rule. After that, the bank charges a 21% withdrawal fee.

The post ATM withdrawal limit: Now you will be able to withdraw only so many times every month for free, know details first appeared on Rightsofemployees.com.