Punjab National Bank will adjust multiple retail credit charges beginning November 1, 2026, targeting cash advances, default penalties, and routine cardholder requests. Cash withdrawal rates on Visa and RuPay cards will increase to 2.5%, and late payment penalties will climb to as high as Rs 1,200 based on outstanding balances. Additionally, utility bill payments that exceed Rs 50,000 in a single cycle will attract a 1% surcharge capped at Rs 2,000. These sweeping updates also eliminate complimentary options for reward redemptions and select statement inquiries.
Key points
Utility spending exceeding Rs 50,000 per billing cycle will be penalized with a 1 percent…: Utility spending exceeding Rs 50,000 per billing cycle will be penalized with a 1 percent fee capped at Rs 2,000.
Failed auto-debit instructions and bounced cheques will carry a 2 percent charge with a R…: Failed auto-debit instructions and bounced cheques will carry a 2 percent charge with a Rs 400 minimum on standard cards.
Paper records older than three months will now cost Rs 50 per month, while electronic sta…: Paper records older than three months will now cost Rs 50 per month, while electronic statements will remain free of cost.
Sources checked by our analysis pipeline: 1
Punjab National Bank (PNB) is set to revise several of its PNB credit card charges on November 1, 2026. The credit card revisions are related to cash withdrawal, late payment fee, cheque or auto-debit return, duplicate statement, redemption of reward points and the payment of utility bills.
Some PNB credit card services which were earlier free will now attract a charge.
PNB credit card users will need to check new charges and fee structure to find out what could appear on their monthly statement.
Earlier, on its RuPay and Visa credit cards, PNB charged 2% of the cash withdrawn or Rs 150/Rs 200, whichever is higher.
Under the revised charges, it will charge a 2.5% or Rs 400, whichever is higher, while on domestic (other bank ATMs) and overseas ATMs, the charges will be 2.5% of the cash withdrawal or Rs 500, whichever is higher.
Exsisting charges on outstanding total amount due:
The fee for credit cards against fixed deposits will remain the same. There will be a charge of 30% of the minimum amount due, with a minimum of…
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