Learn more about PNB ’s savings accounts and their customer-centric vision! Punjab National Bank ( PNB ) has announced the waiver of penal charges for non-maintenance of Minimum Average Balance (MAB) across all its savings account schemes, effective from July 1, 2025. New Delhi: Punjab National Bank ( PNB ) on Wednesday announced waiver of penalty charge for non-maintenance of minimum average balance in savings accounts, a move which will provide relief to customers. Punjab National Bank ( PNB ) will waive penal charges for non-maintenance of minimum average balance (MAB) in all savings accounts, effective July 1, 2025. This initiative aims to support women, farmers, and low-income households by easing financial pressure and encouraging greater participation in formal banking. PNB reaffirms its commitment to inclusive banking and customer empowerment with this decision. "This customer-first initiative ( waiver of charges for non-maintenance of MAB), effective from July 1, 2025, aims to support priority segments, including low-income households, women, and farmers, by making banking services more accessible and easier to use without the burden of balance maintenance penalties," PNB said in a release. SBI has waived the requirement for maintaining a minimum balance in all savings accounts since 2020; there is no penalty if the minimum balance in the savings ...
