Punjab National Bank Account Opening

Punjab National Bank Account Opening

Posted by Creditkaro

Saving June 27, 2022


Punjab National Bank (PNB) has designed its savings account in such ways for the customers that they by opening savings accounts can enjoy a variety of privileges. That is one of the key reasons behind customers' inclination to open accounts at PNB. Keeping in mind the comfort of the future, people throughout India tend to open accounts at Punjab National Bank. The customers can get online banking facilities as well as free phone and mobile banking facilities with their accounts at PNB. Customers can start continuing with savings accounts either at any nearby Punjab National Bank branch offices or through online.


Eligibility to Open Punjab National Bank Savings Account

Punjab National Bank Account Opening can be made only after following some instructions. The people willing to open savings accounts at Punjab National Bank have to fulfill some criteria. Firstly, the respective applicants should be Indian citizens. Secondly, the applicants' age should be more than 18 years old. If the people wish to open accounts for their children then they can open accounts on behalf of their minors and in that case, the guardians must have to submit all valid necessary documents to the bank authority. Identity and address proofs are mandatorily included in the necessary documents that are to be submitted to the bank authority.

Once after bank completes verification of the documents submitted by the applicants have to deposit the initial amount of money. The amount will depend on the specific savings accounts the respective applicants have selected to open.


The simple steps for opening savings accounts at Punjab National Bank:

Punjab National Bank Account Opening procedure is conducive to any common individual. They have to visit nearby PNB branch offices with the necessary documents for the opening of accounts. Then they will have to complete filling out the application forms at the 'new account sections' and submit them to the respective authorities expressing their desire to open savings accounts. However, the applicants should be sure that they have submitted their all legitimate documents that have been asked by the bank authority to complete applicants' KYC documents.

After the applicants submit the forms at the said counters bank will verify it and on the approval of applicants' documents the savings account will be opened within three and five working days.


Documents Required to Open Punjab National Bank Savings Account

Customers need to submit all necessary documents while making applications for the new savings accounts with Punjab National Bank. They need to submit address proofs such as passports, driving licenses, voters' ID cards, etc, PAN cards, and two passport-sized recent photographs. If any respective applicant does not have PAN then only the applicant will have to submit form-16.


Steps to open a Punjab National Bank Savings account online:

Punjab National Bank Account Opening can also be made online. The people who are inclined to open PNB savings accounts online, have to visit the PNB homepage and click on PNB Link https://www.pnbnet.org.in/OOSA/.

Then they have to click particular buttons that will help them to open online savings account without an e-sign facility. Then the applicants will select branches, also choose types of accounts, and then mention personal details like names, mobile numbers, and e-mail IDs. Then after marking off checkboxes and declaration boxes applicants have to enter security keys and click on submit buttons. Immediately after the submission of their application forms, the applicants will receive a temporary customer reference number (TCRN) on their mobile phones and e-mails. Then applicants will have to submit that numbers, application forms again and mandatory KYC documents for verification. Once the applicants' submissions are completed and the verification process of applicants' KYC documents is over then the applicants will be able to open PNB savings accounts online.


The factors customers need to remember before Opening PNB Savings Account

The people willing to open savings accounts should do research on some aspects of the accounts to make proper assessments of whether it suits them. First of all, they should check minimum balance requirements to maintain savings accounts and try to analyze whether they capacity to maintain them. Then the applicants should also examine penalty fees for carrying out the minimum balance as well as the rate of interest over deposits for the specific savings accounts they have selected to open and continue. The applicants can evaluate their returns over the deposits, so it will help them to initiate opening savings accounts at PNB. Then the applicants should confirm the limit of transactions and withdrawal every day for that specific account. They should also know about the cash withdrawal limit by using cheques and by using debit cards against their chosen savings accounts.