A resident individual woman can open the account under the scheme.
Joint account can also be opened under the scheme however the first name should be of woman.
It will be the option of the customer whether she wants to avail sweep facility or not.
Attractive Concessions/Freebies in the Scheme.
HIGHLIGHTS FOR PNB POWER SAVINGS – PNB SF FUND ACCOUNT FOR WOMEN:
| PARAMETERS | PNB Women Power Savings |
|---|---|
| Eligibility | Women |
| Scheme Code | SBPWR/SBPWS |
| Initial Deposit/ Minimum Quarterly Average Balance | Rural: Rs. 500/-Semi-Urban : Rs. 1,000/-Urban/Metro : Rs. 2,000 |
| Documents required for opening of Account | As per Bank’s KYC Policy |
| Charges for Non-Maintenance of QAB | · As prescribed by HO: IRMD (Charges will be deducted only as per existing guidelines)· For non-maintenance of desired QAB, freebies will be withdrawnCharges for non-maintenance of QAB as circulated by the Bank. |
| Nomination | Allowed |
| Overdraft Facility | Facility of e-OD against fixed deposit is available. |
| Sweep Facility | Available |
| Free Cheque Leaves (Except for Bulk Requirement–EMIs payable to other Banks/FIs/NBFC) | 50 cheque leaves per year |
| Free Accidental death Insurance Cover | Rs. 2.00 lakh on Rupay Platinum CardPAI of Rs. 3.00 lakhClaims related to Rupay Debit Card will be settled as per NPCI guidelines subjected to change from time to time.PAI of Rs. 3 lakhs will be applicable only if The QAB in the account during the last calendar quarter remains equal to or more than Rs. 25,000/-. |
| Stop Payment instruction charges | Free |
| Cash Deposit Charges | Free |
| Charges for Issuance/Recharge of World Travel Card (If eligible): | Nil |
| RTGS through PNB Women Power A/c- free of cost (other than business purpose) | Free |
| NEFT through PNB Women Power A/c- free of cost (other than business purpose) | Free |
| Issue of Demand Draft routed through A/c- free of cost (other than business purpose) | Free one draft per month –upto Rs. 1,00,000/- |
| Discount in De-mat Account fee | 25% |
| Issuances of all types of Certificates | No Charges |
| Issuances of Debit Card | Debit Card VariantCharges and Fees1.RuPay Platinum Debit Card· No issuance fee.2.RuPay Classic Debit Card· No issuance fee.· Specially designed Debit Card for PNB Women Power Account Scheme.· PAI on Platinum Debit Card shall be provided as per NPCI guidelines.· Customer can also avail other network cards such as Visa & Master as per Bank’s extant guidelines. |
| Documentation & Processing Charges on Housing, Car& Personal Loan | 100% Discount* |
| Relaxation in margin and interest in loan account | As circulated from time to time |
| Locker Rent for the first year(One small locker) | 50% concession in locker rent for first year |
| Issue of statement in addition to pass book | Free |
| Retail Internet Banking | No charges |
| SMS Alert | No charges |
| Instant Credit of outstation cheques | Upto Rs. 25,000/- |
| Issuance of Credit Card subject to eligibility. | · Credit card against Fixed Deposit. – No joining & Annual fees.Other Credit Cards: As per extant guidelines |
| Domestic ATM – cash withdrawal per day | Rs. 10000 on Rupay Classic Debit CardRs. 100000 on Rupay Platinum Debit Card |
| Domestic Shopping Limit POS per day | · Rs. 25000 on Rupay Classic Debit CardRs. 3 lakhs on Rupay Platinum Debit Card |
| Scheme Code | SBPWR (for women power saving account without sweep)SBPWS (for women power saving account with sweep) |
| Other Offers: | NameEligibilityInsta Debit Card EMI- DCEMIAs per extant guidelinesPre-approved personal loan based on Quarterly Average Balance (QAB) & Transactional Relationship Value (TRV)As per extant guidelines |
* Documentation & Processing Charges On Retail Loans:
In case higher discount on documentation & processing charges on housing, car & personal loan is provided during bonanza, the same will be available to the customer of this scheme.