CURRENT DEPOSITS CAMPAIGN

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INVC,,

Delhi,,

Punjab National Bank has launched ‘Current Deposit Campaign’ beginning 2nd of January 2012 till end of March 2012. Bank is all set to render more personalized service through its New scheme ‘PNB Smart Banking Current Account’ with four variants PNB Silver, PNB Gold, PNB Diamond & PNB Platinum customized to the needs of different customer segments. While the minimum initial deposit is same at Rs.5000/- in all the four variants the concessions e.g. free cheque leaves, RTGS/NEFT charges, cash deposit/withdrawal charges, inter-sol transfer transactions, instant credit of outstation cheques, free collection of outstation cheques, POS machine installation are progressively different based upon the minimum quarterly average balance. It is special to mention about the two such variants i.e. PNB Diamond and PNB Platinum where most of the services are offered free of charges. Branches of the Bank will gear up to equip customers of the bank about the bundle of cash, collection and remittance facilities available to the Current Account customers. Bank also provides Door Step Cash collection service to facilitate movement of cash for current account customers. These customers will also benefit from the wide spectrum of Wealth Management Services of the Bank e.g. insurance, mutual funds, gold coins, demat services, online trading of shares and lot more enabled through state of the art technology like World Travel, Uphaar and Suvidha Cards.

This is focused attention of Punjab National Bank after successful completion of Saving Deposit Campaign on 31st December 2011, adding over 20,00,000 accounts garnering over Rs.2500Crore during the campaign enabling the Bank to cross historic landmark of over Rs.1,00,000 crore of stable Saving Deposits.

The zeal and enthusiasm of Team PNB is therefore strengthened to effectively serve Current Account customers. The combined efforts of these two campaigns will further enhance the CASA base of PNB which is already highest amongst the peer banks.

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