What is cash handling charges PNB?
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What is cash handling charges PNB?
Customers of Punjab National Bank (PNB) are levied charges only for depositing cash over Rs 25,000 at a non-base branch within the same city. A customer will have to pay Re 1 per Rs 1,000 for above Rs 5,000 cash deposit or part thereof with a minimum of Rs 25 per transaction.
What is cash handling fee?
Currently , Cash handling charge is applicable on cash deposit of more then 99,999 in a single working day. If you deposit more then that , then bank will charge 0.1\% of total cash deposit in that day. Suppose you make multiple deposit. 1st deposit of Rs. 68000 , Your account will be credited by 68000.
Do banks charge to deposit cash?
While there’s been a talk of banks charging customers fees for making cash deposits, none of the major banks have implemented this kind of policy to date. That means that as long as you’re making the large cash deposit into a personal checking or savings account, you won’t pay a fee for this service.
What is the minimum balance in PNB current account?
PNB Smart Banking Current Account
| The Particulars | The Variants | |
|---|---|---|
| The Minimum Quarterly Average Balance (QAB) | 1,00,000 | 10,00,000 |
| Initial Deposit | 5,000 | |
| For Non Maintenance of QAB Charges (per quarter) | Rural/Semi-Urban Branches below Rs. 1 Lakh, Rs. 500 | 4000 |
| Urban/Metro Branches |
What is cash handling?
By definition, “cash handling” refers to the process of receiving and giving money in a business. In a bank, this includes teller transactions and ATMs, just to name a couple of examples. In retail, cash handling ranges from the point of sale to the behind-the-scenes money management during the day.
What is cash handling charges in SBI current account?
Cash Deposit Charges Beyond free limit 20/- per transaction. No additional Cash Handling Charges) ₹60/- + GST per transaction *Service charges for Cash Deposit in Cash Credit Account are dealt with separately.
What is the cash handling?
By definition, “cash handling” refers to the process of receiving and giving money in a business. In a bank, this includes teller transactions and ATMs, just to name a couple of examples. “Cash handling improves efficiency and security.”
What is bank handling charge?
Current Account
| No. | Type of Charges | Amount |
|---|---|---|
| 8 | Request for change of mandate for operating account | RM10.00 per request |
| 9 | Post-dated cheque returned Imposed on business accounts only | RM10.00 per cheque (to be collected from the payee) |
| 10 | Automatic Fund Transfer Facility | RM5.00 per transfer |
| 11 | Opening of a DCHEQS Special Account | RM50.00 |
How much cash can be deposited in current account?
The account provides 25 free transactions per month and offers a free cash deposit facility of up to Rs. 2 lakhs in home branch and Rs. 1 lakh in other branches. It has a daily withdrawal limit of Rs.