Opening a Bank Account is one of the first and foremost primary service that is offered by any bank. A savings account is a great way of wealth management and day-today expense management. And PNB is the second largest Public Sector bank with a glorious history of 125 years. This nationalist bank was opened with the need for Indians to have their own nationalized bank. The Savings Bank Account Opening process is very simple. Customers also have the option of opening an account tailored based on their requirements.
Punjab National Bank (PNB), established in 1895, stands as one of India's oldest and most trusted public sector banks. With a vast network of over 12,000 branches and more than 3500 ATMs nationwide, PNB offers a comprehensive suite of banking services, including savings and current accounts, loans, insurance, digital banking, and investments.
Punjab National Bank - Offline Account Opening at the Branch
For customers who prefer face-to-face interactions, PNB provides the option to open an account by visiting any of its branches:
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Visit the Nearest Branch: Locate and visit the nearest PNB branch. (You can use CreditMantri’s Bank Branch finder to find the nearest PNB Branch)
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Obtain and Complete the Account Opening Form: Request the account opening form and fill it out with accurate personal details.
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Submit Necessary Documents: Provide the required Know Your Customer (KYC) documents, including proof of identity and address.
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Initial Deposit: Make the minimum initial deposit as specified for the chosen account type.
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Verification and Activation: After document verification, the account will be activated, and you will receive relevant account details.
Punjab National Bank Online Account Opening: A Step-by-Step Process
PNB offers two convenient online methods for opening accounts:
i. Online Opening of Savings Account (OOSA) Portal
This facility allows customers to initiate the process of opening a savings account online:
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Select Account Type: Visit the PNB OOSA portal and choose the desired savings account variant.
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Enter Personal Details: Fill in personal information, including name, email id, and contact details.
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Verification through e-KYC: This process mandates e-KYC using your Aadhaar number.
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Receive Temporary Customer Reference Number (TCRN): After successful submission, a TCRN is generated.
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TCRN Verification: In the next step, enter the received TCRN and verify account opening details.
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Branch Visit for Finalization: Visit the chosen branch with the TCRN and original documents to complete the account opening process.
Note: This option is currently available only for opening savings accounts.
ii. Online Savings Account Opening with Video KYC
This method enables customers to open both savings and current accounts entirely online:
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Initiate Application: Applicants can access the online account opening platform from the homepage of PNB and select the preferred account type.
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Provide Details and Documents: Enter personal information and upload necessary KYC documents.
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Video KYC Process: Schedule and participate in a video call with a PNB representative for KYC verification.
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Account Activation: Upon successful verification, the account is activated without the need to visit a branch.
Need more help? Find Punjab National Bank Customer Care numbers here!
Eligibility Criteria for Opening a PNB Account
To open an account with PNB, applicants must meet the following criteria:
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Residency: Must be an Indian resident. Non-Resident Indians (NRIs) can apply for specific NRI accounts.
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Age: Individuals aged 18 years and above are eligible. Minors can have accounts with guardians.
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KYC Compliance: Must possess valid KYC documents as per regulatory requirements.
Essential Documents for Opening a PNB Savings Account
Applicants need to provide the following documents:
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Identity Proof: PAN card, passport, Aadhaar card, or voter ID.
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Proof of Address: Utility bills, Aadhaar card, passport, or any other valid address proof.
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Photographs: Recent passport-sized photographs.
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PAN Card: Mandatory for account opening.
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Business Proof Documents: Required to open Current Accounts.
Popular Savings Account Products from Punjab National Bank
Account Name |
Key Features |
Minimum Balance Requirement |
Savings Deposit (General) Account |
Basic account with free digital banking, cheque leaves, and account transfer to any branch. |
Rural: ₹1,000 QAB |
Premium Savings Account |
Enhanced benefits like free internet banking, insurance, and discounts on lockers. |
₹50,000 QAB |
PNB SF Prudent Sweep Deposit Scheme |
Auto-sweep facility for higher interest on surplus funds and free banking services. |
Rural/Semi-Urban: ₹5,000 QAB |
PNB Junior SF Account |
Zero balance account for minors with free debit card and limited internet banking. |
No minimum balance required |
Basic Savings Bank Deposit Account (BSBDA) |
Zero balance account for basic banking needs with free debit card. |
No minimum balance required |
PNB Rakshak Scheme |
Exclusive for serving and non-serving defense personnel with zero balance requirement and special benefits. |
No minimum balance required |
PNB Power Savings |
Tailored for women with free debit card, higher withdrawal limits, and SMS alerts. |
Rural: ₹500 QAB |
Charges for Opening a PNB Savings Account
Opening a savings account with PNB is generally free of charge. However, certain accounts may require maintaining a Minimum Quarterly Average Balance (QAB), and non-maintenance can attract incidental charges. For instance:
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Savings Deposit (General) Account: Requires a minimum QAB, with charges applicable for non-maintenance.
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PNB Select Saving Account: Specific QAB requirements, with freebies withdrawn if not maintained.
FAQs on Punjab National Bank Account Opening
1. Can I open account online in PNB bank?
Yes, you can open an account online in Punjab National Bank (PNB). The bank provides an easy and convenient online account opening process through its official website or the PNB One mobile app. You need to provide your Aadhaar, PAN card details, and other personal information. Once the details are verified, the account is activated, and you receive your account number and other credentials.
2. What is the process to open a PNB account online?
You can easily open a PNB account online. You can either use the OOSA portal or go through the Video KYC option. Both processes require submitting details, uploading KYC documents, and Aadhaar-based verification.
3. What documents should I submit to open a PNB account?
You’ll need identity proof, address proof, recent photographs, and income proof (if applicable to the account variant you have chosen).
4. Can I open a PNB account without visiting a branch?
Yes, you can open an account online using the Video KYC process. This option allows you to complete the KYC verification virtually.
5. Is there a charge for opening a savings account in PNB?
No, PNB does not charge for account opening. There might be a minimum initial deposit based on the account variants.
6. How much time does it take to open a PNB account online?
The online account opening process is quick and typically gets completed within a few hours, provided all documents are in order and the internet connection is stable.
7. Can NRIs open an account in PNB?
Yes, NRIs can open accounts with PNB. They can choose from accounts specifically designed for NRIs, such as NRE and NRO accounts.
Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.