Punjab National Bank Zero Balance Account Opening Online 2024

Are you ready to unlock a world of banking possibilities without worrying about maintaining a minimum balance? Imagine a bank account that requires no initial deposit, giving you the freedom to manage your finances your way. Welcome to the Punjab National Bank Zero Balance Account Opening Online, where convenience meets flexibility. In this article, we will guide you through the simple steps to open your account online, revealing the incredible benefits it offers and ensuring you don’t miss out on this fantastic opportunity. Stay with us as we delve into the details and set you on the path to financial freedom!

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What is Punjab National Bank ?

Punjab National Bank (PNB), established on April 12, 1895, in Lahore, holds a distinguished place in India’s banking history as the first Swadeshi Bank, founded by Indians with an authorized capital of ₹2 lakh and a working capital of ₹20,000. This pioneering bank emerged from the spirit of nationalism, aiming to provide banking services managed entirely by Indians using Indian capital. Over its long history, PNB has undergone significant transformations, merging with nine other banks, which has bolstered its growth and expanded its customer base. Today, PNB stands as a major public sector bank, offering a wide range of financial products and services to millions of customers through its extensive network of branches and ATMs across India.

What is a Zero Balance Account?

Benefits of Opening a Punjab National Bank Zero Balance Account

Name	Punjab National Bank (PNB)
Founded	April 12, 1895
Headquarters	New Delhi, India
Type	Public Sector Bank
Authorized Capital	₹2 lakh
Working Capital	₹20,000
Significance	First Swadeshi Bank in India, managed entirely by Indians
Mergers	9 banks have merged with PNB over the years
Key Services	Retail banking, corporate banking, NRI services, wealth management, and insurance
Website	PNB Official Website
Customer Base	Millions of customers across India and globally

Punjab National Bank Zero Balance Account Open Eligablity

Minimum age of 18 years; minors can open an account with a guardian.
Must be an Indian citizen or Non-Resident Indian (NRI).
Valid proof of identity (e.g., Aadhaar card, passport, voter ID) required.
Proof of address (e.g., utility bill, bank statement) needed.
Passport-sized photographs must be provided.
No minimum income requirement.
Available for individuals, joint account holders, and minors with guardians.

Note: Always check with the bank for the most up-to-date information, as eligibility requirements may change.

Punjab National Bank Zero Balance Account Opening Online

How to Open a PNB Zero Balance Account Online: Step-by-Step Process

Step 1: Download the PNB Mobile App

To start, download the PNB Mobile Banking App from the Play Store. Install the app and grant the necessary permissions to access its features.

Step 2: Select “Open Account”

Once you open the app, you’ll see various options on the dashboard. Click on “Open Account.” The application will prompt you to initiate the process.

Step 3: Choose the Account Type

Here, you’ll find various account types. It’s essential to select the Basic Savings Account, which is specifically designed for zero balance maintenance. Double-check to ensure that you have chosen the right account type to avoid any additional charges.

Step 4: Fill Out the Application Form

After selecting the account type, click on “Apply for Saving Account.” You will need to fill out the application form with the following details:

Mobile Number: Enter the mobile number linked to your Aadhaar card.
Email ID: Provide your email address for communication.
Aadhaar Number: Enter your Aadhaar number and verify it using the OTP sent to your mobile.
PAN Number: Enter your PAN number to validate your identity.

Step 5: Enter Personal Details

Next, you’ll be required to enter your personal information, including:

Name and Address: Ensure your address matches the one on your Aadhaar.
Occupation: Select your occupation from the options provided (e.g., student, housewife, businessman).
Annual Income: Indicate your annual income. If you are unsure, you can select any slab.

Step 6: Nominee Details

You can add a nominee to your account for added security. Enter the nominee’s name, relationship to you, and other required details. If the nominee shares the same address, you can confirm it to simplify the process.

Step 7: Branch Selection

Choose the branch where you’d like to open your account. You can find the branch nearest to your location by entering your district and state.

Step 8: Select Additional Services

On the next page, you can choose additional services like:

Debit Card: Request a debit card for easy access to your funds.
Mobile Banking: Enable mobile banking for convenient transactions.

Step 9: Consent and Declaration

You’ll see a consent and declaration page. Make sure to tick the option for Video KYC to complete the account verification process.

Step 10: Submit the Application

After reviewing your application, click on “Submit.” You’ll receive a reference number for your application, which you should save for future reference.

Step 11: Complete Video KYC

To finalize your account opening, you need to complete the Video KYC process. Click on the Video KYC option in the app. You can either do it immediately or schedule it for a later time.

During the video call, keep your original PAN card ready, along with a plain sheet of paper and a pen to show your signature. Follow the instructions given by the bank representative during the call to successfully complete your KYC.

Step 12: Account Activation

Once your KYC is approved, you can activate your account using your Aadhaar number. An OTP will be sent to your registered mobile number for verification. After entering the OTP, your account will be activated, and you can start using it right away.

Note: if you not understand the steps so watch this video and follow them.

Make sure your mobile number is linked to your Aadhaar for seamless verification.
Double-check all the information you provide to avoid delays in the process.
Keep your PAN card handy during the video KYC.

FAQS

What is a Zero Balance Account?

A Zero Balance Account allows customers to maintain a balance of zero without incurring any penalties, making it ideal for those who may not have regular funds.

Who is eligible to open a PNB Zero Balance Account?

Any Indian citizen aged 18 years or older can apply, and minors can open an account with a guardian.

What documents are required to open the account?

You need to provide a valid proof of identity, proof of address, and passport-sized photographs.

Can I open a PNB Zero Balance Account online?

Yes, you can easily open a PNB Zero Balance Account online through the official PNB website or mobile app.

Is there a minimum balance requirement for this account?

No, there is no minimum balance requirement for a Zero Balance Account.

Are there any monthly fees associated with this account?

No monthly fees are charged for maintaining a Zero Balance Account.

What features are offered with a PNB Zero Balance Account?

Features include online banking, mobile banking, ATM access, and fund transfer services.

Can I convert my existing account into a Zero Balance Account?

Yes, you can request to convert your existing account into a Zero Balance Account, subject to bank policies.

What should I do if I face issues while opening the account online?

You can contact PNB customer support for assistance or visit your nearest PNB branch for help.

Are there any withdrawal limits for the Zero Balance Account?

There are generally no restrictions on withdrawals, but it’s best to check with the bank for specific limits that may apply.

Conclusion

Punjab National Bank Zero Balance Account Opening Online is a straightforward and hassle-free process. With no minimum balance requirement and a range of benefits, it’s an excellent option for anyone looking to manage their finances without the stress of maintaining a balance. Follow the steps outlined above, and you’ll have your PNB zero balance account up and running in no time.

amar

I’m Amar Mahaseth, an IT student, sharing simple insights on government schemes through Bharat Yojana to help everyone understand and benefit from them.