Punjab National Bank · statement narration
ACCT CLOSURE CHG
Also printed as: CLOSURE CHARGES · AC CLOSE CHG · ACCOUNT CLOSING CHARGES · PREMATURE CLOSURE CHG
Decoded
A fee for closing your account within a defined period after opening it.
Hinglish meinAccount khulne ke kuch samay ke andar band karne par lagne wala charge.
- Within 14 days of opening
Within 14 days of opening, Bank’s own figure
From Punjab National Bank — Fees and Services / Digital Banking Operations
Verified
- Bank’s own figure
- 15 days to 12 months (Metro / Urban)
15 days to 12 months (Metro / Urban), ₹300 + 18% GST
From Punjab National Bank — Fees and Services / Digital Banking Operations
Verified
- ₹300 + 18% GST
ACCT CLOSURE CHG on your Punjab National Bank statement — A fee for closing your account within a defined period after opening it. The bank publishes a rate table, not one figure; the rates are below.
Account closure charge: what other banks publish
Bank’s own figures, before GST. Where a bank publishes several rates, the bar runs from its lowest to its highest — its table below says which applies to whom. Tap a figure for its source.
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What it costs, including GST1 rule · rate table, conditions and waiver
Retail Banking Service Charges · Branch
Punjab National Bank savings account closure fees: Nil within 14 days; Rs300 (+ GST) in Metro/Urban and Rs150 (+ GST) in Rural/Semi-Urban between 15 days and 12 months; Nil after 12 months or for BSBDA.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Within 14 days of opening | ₹0 | — |
| 15 days to 12 months (Metro / Urban) | ₹300 | ₹354 |
| 15 days to 12 months (Rural / Semi-Urban) | ₹150 | ₹177 |
| Beyond 12 months | ₹0 | — |
| BSBDA (Zero Balance Account) | ₹0 | — |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Punjab National Bank savings accounts.
Why it happened and how to avoid it
Why it happened
The account was closed inside the chargeable window after the first transaction.
How to avoid it
Close within the initial free window (commonly 14 days), or wait until the account is over a year old. No charge applies where the account is closed due to the holder's death.
Dispute this chargeRBI dispute template, ready to copy
Official source1 document
- Punjab National Bank — Fees and Services / Digital Banking Operations
Retrieved 2026-08-25
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