PNB SALARY ACCOUNT BENFITS
PNB Salary Savings Account Scheme: A Complete Guide to the New Benefits
The PNB Salary Savings Account Scheme is an excellent option for salaried individuals looking for a wide range of banking benefits. With various account types tailored to different income groups, this scheme is designed to provide maximum value to its customers. Let’s take a detailed look at the scheme and its benefits.
Account Variants and Eligibility
The PNB Salary Savings Account Scheme is available in four variants, each catering to different income groups:
- Neo: ₹10,000 – ₹25,000 monthly salary
- Excel: ₹25,001 – ₹75,000 monthly salary
- Optima: ₹75,001 – ₹1,50,000 monthly salary
- Imperial: ₹1,50,001 and above monthly salary
These variants are designed to provide benefits based on the monthly salary drawn, making it a perfect fit for different salary groups.
Key Features of the Scheme
- No Minimum Balance Requirement
- Customized Account Number (Excel, Optima, and Imperial)
- Family Banking: Zero balance accounts for up to 4 family members (spouse + 2 children)
- Premium Debit & Credit Cards
- Retail Loan Concessions (Home, Vehicle, Personal, Education Loans)
- Loyalty & Reward Points
- Sweep-in/Sweep-out facility (Optima & Imperial only)
Insurance Benefits for a Secure Future
- Personal Accident Insurance (PAI): ₹30 Lakh to ₹125 Lakh
- Air Accident Insurance: ₹60 Lakh to ₹250 Lakh
- Disability Insurance: Total & Partial coverage up to ₹62.5 Lakh
- Term Insurance: ₹2 Lakh to ₹8 Lakh
- Hospicash: ₹30,000 to ₹60,000 (daily hospitalization benefit)
Additional covers include:
- Spouse & 2 children under PAI
- Girl child marriage benefit
- Education cover for dependent children
- Ambulance & air ambulance expenses
- Final expenses cover
Free Banking Services
Enjoy free access to:
- Cheque books
- RTGS/NEFT/IMPS transfers
- Demand drafts
- SMS alerts
- Account statements
- Ledger folios
Locker Benefits
Discounts on locker rent and free visits vary by variant, up to 100% waiver for Imperial account holders.
Debit & Credit Card Benefits
All variants come with Rupay Select Debit Cards offering:
- Airport lounge access
- Free OTT subscriptions (Amazon Prime/Hotstar)
- Gym & Spa memberships
- Discounts on Swiggy, Myntra, Kalyan, BookMyShow, etc.
Eligible customers under Excel, Optima, and Imperial can also get lifetime free credit cards with similar lifestyle perks.
Retail Loan Concessions
- 100% waiver on fees for Home, Vehicle, and Education Loans
- Up to 50% discount on Personal Loan processing fees
- ROI concessions: 0.05% (Home), 0.10% (Vehicle) for Excel & above
Reward Points System
Earn points for:
- Opening account
- First debit card transaction
- Spending on birthdays or monthly spends above ₹30,000
- PNB One app usage
- Bonus milestones on annual spending of ₹5L or ₹7.5L
Important Terms to Remember
- Salary must be credited regularly. If salary is not received for 6 months, account benefits will continue only if a minimum average balance is maintained (₹25,000 to ₹1.5 Lakh depending on variant).
- If not maintained, account will be converted to a regular savings account, and benefits will be withdrawn.
- Family Banking benefits will also be revoked upon scheme change or account closure.
Conclusion
The PNB Salary Savings Account Scheme is more than just a bank account. It’s a complete package of financial security, rewards, and lifestyle benefits tailored to suit your income group. If you're salaried and want premium banking features without the burden of minimum balance rules, this scheme is the perfect fit.
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