Transferring Funds Between PNB Branches: Guidelines, Fees, and Limitations

When it comes to managing your bank accounts with Punjab National Bank (PNB), you may find several options for depositing and withdrawing funds across different branches. Understanding the process, including deposit limits, fees, and branch-specific policies, is crucial for a smooth experience. This guide will provide you with comprehensive information on transferring funds to or from PNB branches other than your home branch.

Can I Deposit Money at a PNB Branch that is Not my Home Branch?

Yes, you can deposit money at any PNB branch, regardless of whether it is your home branch or not. However, some branches may have specific policies, such as deposit limits or additional requirements. It is always a good practice to check with the branch staff or consult your account details to ensure there are no additional fees or procedures.

Types of Accounts and Deposit Limits

The types of accounts you hold, such as savings, current, cash credit, or overdraft, can affect the deposit limits and the associated procedures. Some key points to consider include:

Admissible Transactions: The P segment allows for a maximum cash deposit limit of Rs. 25,000 per day, while the SME segment allows up to Rs. 200,000 per day. Free Deposits: Deposits up to Rs. 25,000 in a savings account are usually free of charge, with a minimum fee of Rs. 25 for amounts above Rs. 25,000 and up to Rs. 25,000. For amounts above Rs. 25,000, a fee of Rs. 1 per Rs. 1000 applies. Cash Deposit Machines (CDM): You can deposit up to any amount above Rs. 50,000 using a PAN Card, and up to Rs. 49,900 using a PNB Debit Card or Account Number.

Withdrawing Funds from Non-Home Branches

It is important to note that while you can deposit funds in a non-home branch, you can only make withdrawals from your home branch using a withdrawal slip. In some cases, you can use a cheque, but the limits will vary based on the type of account you hold.

Charges for Non-Home Branch Deposits

The charges for depositing money at a non-home PNB branch can vary depending on the amount and the specific bank policies. Here are some common points to consider:

Service Charges: If you are depositing money in a savings account, you can do so for free up to Rs. 25,000. For amounts above this limit, there is a minimum charge of Rs. 25, and a fee of Rs. 1 per Rs. 1000 applies. Loans: Deposits related to loan accounts are usually free of charge. Bank Webpage: For detailed service charges and fees, you can refer to the Bharatiya Bank of Baroda (BoB) webpage.

Filling Up a Pay-in-Slip

If you are depositing funds in a non-home branch, you will need to fill up a Pay-in-Slip. Ensure that you provide all the necessary details, including your account number and your name, accurately.

Conclusion

Transferring funds between PNB branches is a straightforward process, provided you are aware of the deposit limits, charges, and specific policies of the branch. Always consult with the branch staff or your account details to avoid any unexpected charges or complications.

To stay informed about the latest changes and additional services, visit the official PNB website or contact customer support.