What Are PNB Account Closure Charges and Steps in 2023?

Punajb National Bank (PNB), one of India's leading public sector banks headquartered in New Delhi, offers an array of personal banking services. There might arise scenarios where a customer wishes to close their bank account. Here’s a detailed guide on the process of closing a PNB account and the associated charges.

PNB Account Closure Charges

The closure fee for a PNB account varies based on the type of account and its duration. If the account is closed within 14 days of opening, there are no charges. For accounts closed after 14 days but within 12 months:

• Current account closure: Rs. 800
• RD account closure: Rs. 100
• Savings account closure: Rs. 300

No charges apply for accounts closed after 12 months.

How to Close a PNB Account

Online Account Closure:

At present, PNB does not facilitate online account closure. You need to physically visit the branch where the account was opened.

Offline Account Closure:

Steps to close your PNB account offline:

1. Visit the Branch: Head to your PNB branch and get the account closure form.
2. Fill Out the Form: Complete the form with accurate details. In joint accounts, signatures of all holders are required.
3. Provide ID and KYC Documents: Present a copy of your identification and necessary KYC documents.
4. Gather Account-Related Items: Collect your passbook, chequebook, and debit card.
5. Withdraw Funds: Withdraw remaining funds and clear any dues.
6. Submit Documents: Submit the completed form and accompanying documents to the bank.

Alternatives to Branch Visit:

Currently, there is no alternative to closing a PNB account without an in-person visit to the branch. Neither net banking nor the mobile app support this feature.

PNB Current Account Closure Form:

To close a current account, obtain the closure form from the branch, fill it out, and return it alongside your ATM/debit card, any unused chequebooks, and passbook. Make sure to withdraw or transfer all funds before submitting.

Conclusion: To close a PNB account, a branch visit is mandatory since online options are unavailable. Keep in mind the closure charges which are subject to updates. This guide outlines the essential steps for a hassle-free account closure.