Basic
Banking Account
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The minimum initial deposit will be Rs.1000.
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No profit will be Payable.
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No fee (service charges) for maintaining such accounts will be charged.
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There will be no limit for maintain minimum balance. In the cases, there balance
in BBA's remain "NIL" for a continuous 6 month period, such accounts will be closed.
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Account holder will be allowed a maximum of 2 deposit transactions and 2 checking
withdrawals, free of charge either through cash/through clearing per month otherwise
service charges of a regular banking account shall be applicable for that month
as per Bank's Schedule of Charges.
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Unlimited free of charge ATM withdrawals from Ban's own ATM's will be allowed. In
case of withdrawals from BBA though the ATM Machine of other Banks, the Charges
of these Banks shall be applicable for such transaction.
Note
If any existing customer desire to
get his regular banking account converted into Basic Banking Account,he / she may
kindly contact the branch where his / her account is being maintained. The facility
for conversion into BBA will be provided free of charge
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Copyright
© 2008 The Bank of Punjab