Punjab National Bank Savings Account

Punjab National Bank

Punjab National Bank (PNB) Savings Account is one of India's most historic bank accounts, offered by a public sector bank with roots dating back to 1894 in Lahore. Through mergers with Oriental Bank of Commerce and United Bank of India, PNB has grown into one of India's largest public sector banks with over 11,500 branches and 15,000+ ATMs serving crores of customers across the length and breadth of India. PNB has a particularly strong presence in North India, especially in Punjab, Delhi, Haryana, and Uttar Pradesh, where it serves a large segment of the population through its extensive branch network. The bank is also one of the largest participants in the PM Kisan Samman Nidhi scheme, disbursing government subsidies directly to farmer accounts. The PNB Omni Banking mobile app provides a comprehensive digital banking experience including UPI payments, IMPS, NEFT, RTGS fund transfers, credit card bill payments, and investment services. The app has been redesigned in recent years to improve user experience and add features like expense tracking and spending analytics. The interest rate of 2.75% per annum applies uniformly across all PNB Savings Account balances, with interest calculated on a daily product basis and credited quarterly to the account. For senior citizens, PNB offers an additional 0.5% interest on savings accounts — bringing the effective rate to 3.25% per annum. PNB offers a range of specialised savings account variants including the PNB Sarvatra Savings Account (for rural and semi-urban customers), PNB Shaurya Savings Account (for defense personnel), and the PNB CSR savings account, each tailored to specific customer segments with modified features and benefits. Source: Punjab National Bank official website, updated May 2026.