Punjab National Bank (PNB) is a bank owned by the Government of India with its headquarters in New Delhi, India, providing financial and banking services. The bank was established in 1894. On April 1, 2020, PNB got merged with the Oriental Bank of Commerce and the United Bank of India.
It has a customer base of 180 million. The total number of branches of Punjab National Bank is 10,910 branches. After the merge, the total number of ATMs Punjab National Bank has reached up to 13000+.
The Safe locker service of Punjab National Bank
Punjab National Bank offers the service of a security locker by charging a minimal fee for the service. In this service, the customer can rent a locker of any size and can keep their pieces of stuff there, the bank will provide security to the locker.
Locker charges of Punjab National Bank (PNB)
The locker of Punjab National Bank has been distributed based on size. The categories are small, medium, large, and extra-large. Depending upon the size of the locker, the rate is being fixed of that locker. Earlier the rate of a small locker was Rs. 1200 and for a medium locker was Rs. 2800 per annum. For large and extra large the price was Rs. 4500 and Rs. 8000 annually, respectively.
Over time, Punjab National Bank had to increase the charge rate of everything as the bank had undergone traumatic losses over the year. To avoid the collapse of the bank, Punjab National Bank decided to collaborate with the Oriental Bank of Commerce and the United Bank of India in 2020.
After a healthy discussion of how to overcome the losses, Punjab National Bank decided to levy a premium charge of 25% overlocker services. The new charge rate for a small locker is Rs. 1500 and medium locker is Rs. 3500 annually. For large and extra large the current prices are Rs. 5500 and Rs. 10,000 respectively.
Annual PNB Locker rent charges:
|Locker Size||Rural & Semi-Urban||Urban & Metro|
|Small||Rs. 1000||Rs. 1500|
|Medium||Rs. 2000||Rs. 3000|
|Large||Rs. 2500||Rs. 5000|
|Very Large||Rs. 5000||Rs. 7500|
|Extra Large||Rs. 10000||Rs. 10000|
PNB Locker Penalty Charges
|Delay in Locker Rent Payment||Penalty Charges|
|Up to 3 Month||10% of annual rent|
|3 to 6 Months||25% of annual rent|
|6 to 9 Months||40% of annual rent|
|1 Year||50% of annual rent|
|Above 1 year||Locker to be broken|
After all these measured steps, Punjab National Bank has reduced a lot of losses that everyone predicted will occur. Through this article, we have tried to update you regarding the locker charges of Punjab National Bank. I hope our effort was helpful enough to satisfy your quarry regarding it.