PNB Shikshak Sweep Scheme

PNB Shikshak Sweep Scheme

  • Eligibility: All Permanent Teachers of recognised schools/colleges/educational institutes are eligible to open account under the scheme.
  • ZERO balance Saving Fund account does not stipulate any requirement of minimum balance for opening of account & no QAB stipulation.
  • Sweep In and Out shall take place in Savings Account after the cut off level of Rs. 15000, with a minimum Sweep-out/ Sweep-In of Rs. 1000/- and thereafter in multiples of Rs. 1000 to/from Fixed Deposit.
  • FDR`s under this scheme can be issued for a period of 7 to 179 days.
  • Interest : Prevailing F.D.Card Interest Rates (less than Rs 15 Lacs)
  • Concession in margin requirement on Home Loan (upto Rs.50 Lacs only) & Car loan: 10%

Other Attractive Freebies/Concessions:

  • ATM cum Debit Card: Free Debit/ATM Card and no Annual maintenance charges.
  • Free Personalized Platinum Debit Card be issued to the Teachers. SMS alert facility also available.
  • Free Retail Internet Banking facility, however, charges applicable to third party sites like Railways etc. are payable
  • Free Cheque Books for routine requirements (except bulk requirements for loans to be availed at any other bank- in that case normal cheque book charges would be levied)
  • RTGS/NEFT/Intersol: Free
  • Concession in Locker Charges for small locker only: 50% for 1st year only.
  • Waived demat account maintenance charges for first year only.
  • At par collection of cheque in respect of Salary /TA /DA /Arrears /Terminal Dues.
  • Purchase of Third party cheques: Upto Rs. 20000/- at par.
  • Standing Instructions: Free (within same branch)
  • OD Facility of Rs 50000/- or the last salary credited in salary account whichever is lower. the overdraft is to be adjusted with the next month salary being credited in The account.
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