PNB Salary Account

Punjab National Bank

Punjab National Bank (PNB) — founded in 1894 in Lahore and headquartered in New Delhi — is one of India's oldest and largest public sector banks, tracing its heritage to pre-Independence India. The PNB Salary Account is designed for employees of central and state government departments, public sector undertakings, and corporates with an active salary tie-up with the bank. PNB operates a vast domestic network of more than 10,000 branches and 13,000+ ATMs across India, making it one of the most accessible PSU banks for salary account holders. The account pays interest at 2.7% p.a. on the daily balance, in line with the prevailing RBI Repo Linked Savings Rate offered across PSU banks. PNB Salary Account holders enjoy a zero-balance facility — the Monthly Average Balance (MAB) requirement is fully waived for the duration the salary is being credited, so there is no penalty for low or nil balances between pay cycles. Account holders get a complimentary PNB Salary Account Debit Card (RuPay or Visa variant as per employer tie-up) with wide domestic and international acceptance. The PNB One mobile banking app and PNB NetBanking portal support free unlimited NEFT, RTGS, and IMPS transfers, UPI payments, bill pay, and credit card bill payments. Personal accident insurance cover is bundled with the account for the primary holder, with the insured sum decided by the employer tie-up. On leaving service or a change in employer, the PNB Salary Account is auto-converted to a standard PNB Savings Account — the relationship is preserved, the account number remains active, and MAB requirements of the regular savings variant begin to apply from that point. PNB Salary Account customers can also access a multi-branch banking facility, a free cheque book, and door-step banking services in select metros for senior citizens and differently-abled customers. Source: Punjab National Bank official website, updated May 2026.