Punjab National Bank (PNB) has made locker visiting facility free for its customers. Earlier, the customers were allowed 12 free visits at lockers in a year. Now, the PNB locker holders can make any number of visits in a year without paying any additional cost. The new rule has been put in place since August 1, 2016. With this, PNB has become the first public sector bank to make locker visiting facility free for its customers. PNB used to charge customers Rs 50 per visit after the limit of 12 free visits in a year.
The bank reported a fall of 57.49% in its net profit at Rs 306.36 crore for the quarter ended June 30, 2016 as compared to Rs 720.71 crore for the same quarter in the previous year. However, total income of the bank increased 3.71% to Rs 13930.00 crore for the quarter under review, from Rs 13432.05 crore for the corresponding quarter of the previous year.
