PNB Account Closure: Steps and Fees You Should Know

Punjab National Bank (PNB), a major public sector bank in India headquartered in New Delhi, provides a variety of personal banking products. However, situations may arise where an account holder needs to close their bank account. Below is a comprehensive guide on closing a PNB account and the related fees.

PNB Account Closing Charges

Closing charges for a PNB account depend on the account type and duration held. Accounts closed within 14 days of opening incur no charges. For closures after 14 days but within 12 months:

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

No fees apply for accounts closed after 12 months.

How to Close a PNB Account

Online Account Closure

Currently, PNB does not offer online account closure. You must visit the branch where the account was opened.

Offline Account Closure

Steps to close your PNB account offline:

1. Visit the Branch: Go to your PNB branch and obtain the account closure form.
2. Fill Out the Form: Complete it with precise details. Joint accounts require signatures from all holders.
3. Provide ID and KYC Documents: Bring a copy of your ID and necessary KYC documents.
4. Gather Account-Related Items: Assemble your passbook, chequebook, and debit card.
5. Withdraw Funds: Withdraw any remaining funds and resolve dues.
6. Submit Documents: Submit the filled form and documents to the bank.

Alternatives to Branch Visit

Presently, there's no option to close a PNB account without physically visiting the branch. Neither net banking nor the mobile app supports this service.

PNB Current Account Closure Form

To close a current account, acquire the closure form from the branch, fill it out, and return it along with your ATM/debit card, any unused chequebooks, and passbook. Ensure to withdraw or transfer funds before submission.

Conclusion: Closing a PNB account necessitates an in-person branch visit since online methods aren't available. Be aware of closure charges, which may change. This guide covers essential steps for a smooth account closure process.

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