In a bid to strengthen monetary inclusion and buyer empowerment, Punjab Nationwide Financial institution has waived penal costs for non-maintenance of minimal common stability in all financial savings accounts.
This customer-first initiative, efficient from July 1, 2025, is especially aimed toward supporting precedence segments, akin to girls, farmers and low-income households, making certain simpler and extra inclusive entry to banking providers with out the stress of stability upkeep penalties, PNB stated in a press release.
PNB managing director and chief govt officer Ashok Chandra stated: “This choice displays our unwavering dedication to inclusive banking. We consider that waiving these costs will ease monetary strain on prospects and encourage higher participation within the formal banking ecosystem”.
With this step, PNB reaffirms its function as a socially accountable and customer-centric establishment, devoted to creating banking extra accessible and equitable for all, it added.
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