How can I open a current account in Punjab National Bank?

PNB Current Deposit Account.The following documents are required to open this type of current account.

Application (AOF) and Specimen signatures.
ID and address proof as per the KYC norms.
Passport-size photographs.
Company Memorandum and Articles of Association, certificate of incorporation, Board Resolution, etc.

What is minimum balance in PNB current account?

State-run Punjab National Bank (PNB) has decided to hike the minimum quarterly average balance (QAB) to Rs10,000 in the four metro cities of Delhi, Mumbai, Kolkata, Chennai. The public sector bank (PSB) has also decided to increase charges for various services by up to 50% from 15 January 2022.11-Jan-2022

Can I open my current account online?

Yes! If you are a sole proprietor, you can open a current account online. For details on the documents you will need for KYC, check out our blog: Documents Required for Opening a Current Account .

Can we open bank account online in Punjab National Bank?

Customers have the option of opening a savings account either at a Punjab National Bank closest to them or through the bank's online facilities.

Which bank is best for current account?

Best Banks for Current Account

Can a normal person get current account?

Current Accounts (C/As) can be opened by individuals, partnership firms, private and public limited companies, HUFs/ specified associations, societies, trusts etc. Formalities/procedures relating to introduction and opening of Current Accounts for individuals are same as those mentioned for Savings Bank Accounts.13-Sept-2019

What is the limit of current account?

Monthly Average Balance (MAB) Requirement on Basic Current Account of Different Banks

Which bank has zero balance for current account?

However, ICICI and Axis Bank are the best banks as they offer an option of Zero Balance Current Account. RBI allows exemptions on opening new current accounts.

What is PNB current account?

PNB MyBIZ PLUS CURRENT ACCOUNT (SMART BANKING CURRENT ACCOUNT) A Current Account loaded with most desirable features, privileges, flexibility and wider choice of variants to cater to the diversified banking needs for any business activity - with or without Sweep-in and Sweep-out facility.29-Nov-2022

What are the 4 types of Current Account?

Read more Current Account Minimum Balance here.

Packaged Current Account: The Packaged Current Account is one of those types of Current Account, which is in between the premium account and standard Current Account.
Foreign Currency Account :
Single Column Cash Book :

Is current bank account free?

No surprise charges. At Current, we believe in our members spending their hard-earned money on the things that matter most to them. We have no hidden fees², no overdraft fees, no minimum balance fees and no fees when you transfer money to other members on Current using your Current ~tag.

How do I open a Current Account immediately?

How to open a Current Account?

Check your eligibility criteria for opening a Current Account.
Download the account opening form from the bank's website.
Fill up the opening form with all the relevant and necessary details.
Collect the list of documents that will be required by the bank.

What is the minimum balance in PNB 2022?

Since the savings account is a zero-balance account, the minimum balance is nil.

Can I open account in PNB with zero balance?

Enjoy all the perks of a debit account with a zero-maintaining balance account. Begin your contactless shopping, payments, and saving experience with PNB Tap Mastercard.

Does PNB have zero balance?

Features and benefits of PNB Basic Savings Deposit Account: Minimum balance requirement – The Basic Savings Deposit Account at PNB does not require account holders to have a minimum balance in the account. This is a zero balance account and hence is devoid of initial balance ,requirement.

Is GST mandatory for Current Account?

The GSTIN is not mandatory when you set up your Current Account with any bank. However, when you register under the GST scheme, you do require a functional Current Account. Therefore the business owner does not have to pay GST on Current Bank Account set up or functioning.

Can I open zero balance Current Account?

Can I open a zero-balance current account? Yes, zero-balance current accounts can be opened by anyone.

Which documents required for Current Account?

Individual documentation: (Identity Proof - anyone of the following documents)

PAN Card.
Driving Licence.
Passport.
ID cards issued central & state govt.
Passbook scheduled commercial bank.
Marriage certificate.
Voters ID card.
Aadhar Card.

Who Cannot open current account?

Non-lending banks are not permitted to open current accounts. 3.29-Oct-2021

Who is eligible for current account?

According to the RBI guidelines, PAN and Aadhar are the mandatory documents for opening a current account if an individual does not have a PAN card then the customers would have to provide proof that they have applied for these identification documents within the past six months.

Who needs current account?

A current account holder can deposit cash or cheques at different bank branches which makes it extremely convenient to collect payments from small customers. Availing an overdraft facility against a current account is easy. Having an overdraft helps meet the working capital needs of the business at any point in.

How can I open a current account in Punjab National Bank?