Punjab National Bank (PNB) has recovered Rs 35.46 crore as First Quarter Average Balance (QAB) charge for the last financial year. In the second quarter of the last financial year, the bank has not made any recovery while giving relief in it. In the third and fourth quarters, the bank has recovered Rs 48.11 crore and Rs 86.11 crore.
There has been a big disclosure on the information sought under the Right to Information (RTI). Punjab National Bank (PNB) has recovered Rs 170 crore as fine from customers not maintaining minimum balance in bank accounts during the financial year 2020-21. Punjab Bank had recovered an amount of Rs 286.24 crore in the financial year 2019-20. At the same time, in the financial year 2020-21, this amount is Rs 170 crore. Explain that Punjab Bank charges quarterly fee.
PNB recovers huge amount
Punjab National Bank (PNB) has recovered Rs 35.46 crore as First Quarter Average Balance (QAB) charge of the last financial year. In the second quarter of the last financial year, the bank has not made any recovery while giving relief in it. In the third and fourth quarters, the bank has recovered Rs 48.11 crore and Rs 86.11 crore.
74.28 crore collected as ATM fee,
Madhya Pradesh social worker Chandrashekhar Gaur had sought information about this from the bank under RTI. The bank has also collected Rs 74.28 crore from customers as ATM charges in the last financial year. In 2019-20, the bank had raised an amount of Rs 114.08 crore from this fee.
In the first quarter of the last financial year, following the instructions of the government, the bank had waived ATM charges. In another information from the bank, it has been told that as of June 30, 2021, 4,27,59,597 accounts were inactive. At the same time 13,37,48,857 accounts were active.
कृपया ध्यान दे की मिनिमम बैलेंस और सन्देश का शुल्क जिस तिथि से नहीं लगने की बैंक ने घोषणा की है उस तिथि से पहले अगर आपका कोई शुल्क देय है तो उसका भुगतान करना होगा I
— State Bank of India (@TheOfficialSBI) July 5, 2021
More charges will be levied for withdrawing cash from ATM
RBI has increased the fee on ATM transactions from Rs 15 to Rs 17 with effect from August 1, 2021. For non-financial transactions, it has been increased from Rs.5 to Rs.6.
Do this work by October 1,
while the bank has also announced that from October 1, old checks of e-OBC and e-UNI will not be used. Customers who have old check book of OBC and UNI bank, take new check book, old check book will become useless from 1st October. Oriental Bank and United Bank of India were merged with PNB on 1st April 2020 last year. Now all the work of UBI and OBC is being done under PNB.
How important is it to maintain a minimum balance in the savings bank account
Please note that if you have any charges due before the date on which the bank has announced that the minimum balance and message charges will not be charged, then it will have to be paid.
On March 11, 2020, State Bank announced that the Average Monthly Balance or AMB is being waived off. This means that if a customer does not maintain the minimum balance in the account, then he will not have to pay any penalty. At the same time, according to the guidelines of RBI, different banks issue guidelines regarding minimum balance.
