PNB Deposit Scheme “Total Freedom Saving Fund Salary Account” is meant for corporate employees for enabling them to have their salary credited and also accommodating overdraft facility up to Rs 50,000 or the last salary that is credited to the account or whichever option is lower at the interest rate applicable to personal loan employees, this is adjustable within next 6 month interest on monthly application from next salary credit.
Features
| Eligibility | To enjoy this scheme you must hold minimum no. of account – 10 or 75% of strength of permanent employees (location), or whichever is lower. |
| Initial Deposit | Zero |
| Minimum Balance Requirements | Zero (but however if the salary is not credited into the account for aq period of two consecutive months then the account shall be deactivated by the bank and will transferred to saving account.) |
| Overdraft Facility | Under this scheme an overdraft facility of Rs 50,000 or last salary is credited into the account, whichever is lower is provided. |
| Free Cheque | You can enjoy the facility of 40 cheque leaves free per annum in addition to 40 allowed to general customers. |
| Fund Transfer | Free Fund Transfer up to Rs 1 lac per day from the account within the bank. |
| Draft Issue | Free Draft Issue up to an amount of Rs 25,000 per month through the account. |
- High-End Salary Account
It is the second variant of the scheme “Total Freedom “Saving Fund Salary Account”.
Features
| Initial Deposit | Zero |
| QAB (Quarterly Average Balance) | Zero |
| Charges for not Maintaining QAB | Not applicable |
| Free Cheque Book | Free cheque book is provided for general use except for bulk use for FI/Bank’s EMI. |
| Status of Employee | The employee should be a permanent employee |
| Minimum no. Of Accounts | 10 or 75% of the strength of the permanent employees of the corporate (in that location) whichever is lower. |
| Overdraft Facility | Overdraft can be availed at an interest rate of a Personal loan on the last salary is drawn within a minimum of Rs 1,00,000. Overdraft is to be adjusted within next 6 months. |
| Nomination Facility | Nomination facility is available. |
Get More Detail about PNB Saving Account Scheme
PNB Basic Saving Bank Deposit Account (BSBDA)
PNB Vidyarthi Saving Fund Account Scheme
