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    Home » PNB Power Savings: Special account for women, these 11 facilities including free insurance up to Rs 5 lakh
    Insurance

    PNB Power Savings: Special account for women, these 11 facilities including free insurance up to Rs 5 lakh

    Archana SharmaBy Archana SharmaOctober 19, 2020No Comments
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    PNB power savings, women can avail 11 free services including upto 5 lakh rupee accidental death insurance cover, punjab national bank special account for woman
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    PNB Power Savings Account: Punjab National Bank is offering a Savings Account for women. Many facilities are being offered to women on this account for free. The name of the account is PNB Power Savings. Any Indian woman citizen can open this savings account in single or joint. The condition with a joint account is that the first name must be of the woman.

    The first feature of PNB Power Savings is that with this account, the female customer gets the option of sweep facility. Under the sweep-in facility, if more money is deposited in the savings account than a fixed limit, then the extra money is automatically converted into FD and there is an FD interest. Once the money in the savings account falls below the fixed limit, the FD ends automatically and the money starts counting in the savings account itself. This is called sweep out. In PNB Power Savings, the woman will have the choice of whether she wants to take the sweep facility or not.

    Discounts on home loans, SBI and Punjab National Bank are giving loans at low-interest rate

    How many rupees will open and how many withdrawals per day

    PNB Power Savings Account can be opened anywhere in the village or city. In the village, you can open this account with 500 rupees. Apart from this, this account will be opened in semi-urban areas from Rs 1000 and in urban/metro cities from Rs 2000. Talking about the minimum quarterly average balance of the account, it is Rs 500 in rural areas and Rs 1000 for other areas. A charge is payable for not maintaining fixed balance. You can withdraw cash up to 50 thousand rupees per day from an ATM. Up to Rs 1.25 lakh can be paid daily on POS for domestic shopping.

    Free and discounted facilities

    1. In this account, a chequebook of 50 checks is available annually.
    2. NEFT facility is available for free.
    3. Platinum Debit Card is available free on bank account.
    4. Free SMS alert facility.
    5. Free Accidental Death Insurance cover up to Rs 2-5 lakhs.
    6. Every month a draft up to Rs 10000 can be made for free.
    7. There is no documentation charge in case of taking home loan, vehicle loan, personal loan.
    8. There is no charge for the account statement.
    9. There is no charge for signature attestation, duplicate passbook, interest certificate, balance certificate.
    10. There will be a 25 percent discount in fees for opening a demat account.
    11. For a small locker, there is a 25 percent discount in the rent of the first year locker.

    Power Savings AC: PNB gift to women, including insurance on the opening of account

    Conditions also apply

    Insurance claims up to Rs 5 lakh will be admissible if

    • The quarterly average balance in the account during the last calendar quarter is Rs. 25000 / – or more.
    • There should be at least one transaction on POS/e-commerce during the last 90 days.
    • As per the current guidelines, the Platinum Debit Card should be used within 45 days. If the customer opts for the classic debit card then the personal accident cover will be limited to an amount of Rs 1 lakh.
    • If the customer has a platinum debit card and used in the last 45 days but does not meet the terms a and b, then the insurance claim will be limited to Rs 2 lakh.

    The facility of exemption from NEFT charge and a free demand draft in the month will be available only if the quarterly average balance of Rs 5000 / – has been kept in the account in the previous quarter.

    Advantages of more than one insurance plan, low premium with better coverage

    Advantage of additional reward points

    In the PNB Power Savings Account, women customers are given additional reward points as compared to other customers for making transactions through Internet banking and mobile banking. Here are the rewards on transacting through Internet banking…

    Rewards on transactions through mobile bankingnew pnb account

    Home loans get discounts on festive season, know offers of SBI, HDFC and other banks

    Source: www.financialexpress.com

    #PNB #Power #Savings #Special #account #women #facilities #including #free #insurance #lakh

    Features of PNB Power Savings pnb PNB Power Savings pnb power savings account pnb power savings account features pnb power savings account free services pnb special savings account for indian women PNB's special savings account for women punjab national bank punjab national bank special savings account for woman Punjab National Bank's special savings account for women Services available free in PNB Power Savings Account women can avail 11 free services including upto 5 lakh rupee accidental death insurance cover
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