Indian Bank and PNB waive minimum balance charges
Indian Bank and Punjab National Bank (PNB) just made it easier to keep your money in the bank—they've removed minimum balance penalties for all savings accounts.
The change kicks in from July 7 (Indian Bank) and July 1 (PNB), aiming to make banking more affordable and accessible for everyone.
Indian Bank vs PNB: Target customers
Indian Bank's move helps students, seniors, small business owners, and rural folks by dropping those pesky maintenance fees.
PNB is focusing on women, farmers, and low-income families.
Both banks hope this will ease financial stress and get more people comfortable using formal banking.
Indian Bank reduces 1-year lending rate to 9%
On top of that, Indian Bank has lowered its one-year lending rate to 9% from July 3.
That means borrowing gets a little less expensive—good news if you're thinking about a loan or just want more options without extra costs.