Punjab National Bank (PNB) has earned over Rs 645 crore by levying ATM transaction charges on customers during the financial year 2021-22. Besides, the bank has collected Rs 239.09 crore in the form of the penalty imposed on customers who failed to maintain a minimum balance or quarterly/monthly average balance in their bank accounts.
In 2020-21, the bank had earned Rs 170 crore by levying charges on customers for not maintaining a minimum balance in their accounts. This amount was collected from 8,518,953 accounts during FY22.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
