From 01st September 2017 Punjab National Banks customers will have to pay charges for depositing cash above.....in a non-base branch even if it is located in the same city.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

From 01st September 2017 Punjab National Bank’s customers will have to pay charges for depositing cash above____in a non-base branch even if it is located in the same city.

A	Rs. 15, 000
B	Rs. 25, 000
C	Rs. 5, 000
D	Rs. 10, 000

Explanation:

Detailed explanation-1: -If you are doing a non-branch deposit, then maximum limit of cash for deposit is set at Rs 2 lakh per day. Deposit of cash free of charges within the overall monthly limit for Power gain and Power pack customers would include both Home and Non-home Branch.

Detailed explanation-2: -Cash handling These are levied by many banks on cash deposits beyond a certain limit of transactions. In most cases, the first few transactions are free. Typically, the rules are more relaxed for transactions made at your home branch. “Cash handling charges form a significant part of charges levied by the bank.

Detailed explanation-3: -Services such as quarterly average balance, non-maintenance of minimum balance, locker costs, and so on will be subject to the same as of January 15, 2022. The minimum balance requirement and fees for failing to maintain a minimum balance in rural areas will increase from Rs 5, 000 to Rs 10, 000.

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