PNB Elite Savings Account

[devilbingo]

Does it make sense to get a PNB Elite Savings account (Premium) for the Rupay Select Debit Card?
It requires 50K QAB and the charges for the card are waived off. According to this page on their website https://www.pnbindia.in/Feature-of-PNB-Elite-Saving-Fund-Schemes.html
Are there any hidden terms and conditions for removal of joining and annual fees?

 

[pgarg24]

I think, maintaining 50k AQB is a bit much especially for a select debit card which have a fees of 500 rs and renewal of 400 rs.

If you calculate - 50k aqb(in indusind at 4% interest you will get 2k interest) whereas in pnb saving account interest is 2.70% meaning 1350 rs(interest) + 500 rs(for select debit card).. although by using spa and amazon prime from select debit card will definitely tip things in your favour.

 

[devilbingo]

I think, maintaining 50k AQB is a bit much especially for a select debit card which have a fees of 500 rs and renewal of 400 rs.

If you calculate - 50k aqb(in indusind at 4% interest you will get 2k interest) whereas in pnb saving account interest is 2.70% meaning 1350 rs(interest) + 500 rs(for select debit card).. although by using spa and amazon prime from select debit card will definitely tip things in your favour.

The debit card fees is actually waived off. But the savings account interest calculation makes sense, can you tell me which variant from Indusind can get me Rupay Select Debit card?

 

[anonymuos]

The debit card fees is actually waived off. But the savings account interest calculation makes sense, can you tell me which variant from Indusind can get me Rupay Select Debit card?

IndusInd Bank only has a RuPay Classic debit card as of now. No RuPay Platinum or RuPay Select

 

[pgarg24]

The debit card fees is actually waived off. But the savings account interest calculation makes sense, can you tell me which variant from Indusind can get me Rupay Select Debit card?

Indusind doesn't have rupay select. If you want only rupay select then you can go ahead with eleite varient since debit card benefits will equal out the interest you will loose.

 

[devilbingo]

Update : Received the PNB Rupay Select Debit card, no issuance charge, no AMC. I originally received the classic card, but didn't activate it and the requested the bank for select card, they obliged with no hurdles. Only hurdle was late delivery, took around 20 days.

 

[cardy]

How your experience is going with pnb rupay select

 

[vsaikiran]

Update : Received the PNB Rupay Select Debit card, no issuance charge, no AMC. I originally received the classic card, but didn't activate it and the requested the bank for select card, they obliged with no hurdles. Only hurdle was late delivery, took around 20 days.

What is your account type ?

What is QAB for your account ?

 

[devilbingo]

What is your account type ?

What is QAB for your account ?

Account type is Elite Savings Account
QAB : 50K

 

[snike1792]

Any one who is having the PNB Elite 50k variant? Is there any SMS charges for this account? As per the website there is nothing mentioned but some 5 Rs were deducted per quarter

 

[cardy]

Any one who is having the PNB Elite 50k variant? Is there any SMS charges for this account? As per the website there is nothing mentioned but some 5 Rs were deducted per quarter

Sorry but you want elite account and worried about sms charges! that too now, when sms charges are deducted at 15paisa per sms on actuals?

 

[snike1792]

Sorry but you want elite account and worried about sms charges! that too now, when sms charges are deducted at 15paisa per sms on actuals?

It was just a question. Don't want to answer ignore it. Gyaan baatne sabhi aa jaate hai abhi

 

[cardy]

It was just a question. Don't want to answer ignore it. Gyaan baatne sabhi aa jaate hai abhi

Idhar to Gyan hi milte hai tf main bro
Just question ke liye idhaar qu aye ho bro quora hain na udhar jao 🤗

 

[devilbingo]

Any one who is having the PNB Elite 50k variant? Is there any SMS charges for this account? As per the website there is nothing mentioned but some 5 Rs were deducted per quarter

Yes there's some deductions, don't know the exact amount

 

[nh124001]

Account type is Elite Savings Account
QAB : 50K

Hi, how did you open elite savings account in PNB?
please elaborate the process

 

[snike1792]

Hi, how did you open elite savings account in PNB?
please elaborate the process

Visit the branch and open the account. Transfer 50k via upi or any other means. Your account will be active and DC will be dispatched within a week

 

[APT]

can we open online

 

[nh124001]

can we open online

i have checked there is no option to open online elite savings fund

 

[devilbingo]

Hi, how did you open elite savings account in PNB?
please elaborate the process

Went to the bank and told them I'm interested in opening an Elite Savings account, they weren't aware of what that is, so the Manager contacted a different branch manager and he told the process. And they opened, easy.