# PNB Updates Credit Card Fee Structure Starting November 1 Punjab National Bank introduces revised charges for ATM withdrawals, late payments, and utility transactions. - **Source:** [mint - money](https://www.livemint.com/rss/money) - **Published:** 2026-10-31 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/b7f39fdf-efbd-4cdf-8906-f3cda2df64c7 ## Fee Revision Overview Punjab National Bank is implementing a comprehensive revision of its credit card fee structure effective November 1, 2026. This update impacts both Visa and RuPay cardholders across various service categories. Customers must review these changes to avoid unexpected costs, as several services previously offered at no charge will now incur specific transaction fees. ## Tiered Late Payment Penalties Late payment charges are now strictly tied to the total outstanding amount on the account. Dues of ₹500 or less remain exempt from penalties. However, balances between ₹501 and ₹1,000 incur a ₹500 fee, scaling up to ₹1,200 for outstanding amounts exceeding ₹50,000, necessitating careful management of monthly billing cycles for all users. ## Transaction and Utility Fees The bank is introducing new charges for ATM cash withdrawals and utility bill payments. These adjustments reflect a broader shift in the bank's operational policy regarding credit card usage. Cardholders should anticipate these costs when planning their monthly expenses, as the institution moves away from previously free service models for these specific transaction types. ## Payment Failure Consequences Auto-debit and cheque payment failures on fixed deposit-linked cards will now attract a penalty of ₹100 per instrument. For these specific card variants, late payment fees are capped at 30% of the minimum amount due. This ensures a minimum charge of ₹200 and a maximum of ₹500 per billing cycle for affected customers. ## Statement Retrieval Costs While electronic statements remain free of charge, the bank is introducing fees for physical or duplicate documentation. Requests for duplicate statements older than three months will now cost ₹50 per month. Users are encouraged to utilize digital archives to avoid these recurring administrative charges when managing their personal financial records and history. ## Reward Redemption Changes The bank has included reward point redemption within the scope of its revised fee structure. While specific rates were not detailed in the announcement, this change signifies a shift in the loyalty program's cost-benefit analysis. Cardholders should verify the exact redemption costs via the official PNB website before initiating any future point conversions. ## Strategic Financial Planning Given these widespread adjustments, cardholders must audit their current spending and payment habits immediately. The transition to a fee-based model for previously free services requires a proactive approach to debt management. Reviewing the official fee schedule on the PNB website is essential to ensure compliance and avoid unnecessary financial penalties starting tomorrow. ## Institutional Policy Impact These revisions highlight the evolving landscape of credit card service pricing within the banking sector. By standardizing fees across ATM usage, utility payments, and late settlements, PNB aims to align its operational costs with current market standards. Customers should remain vigilant regarding future updates, as fee structures are subject to further card-specific variations. ## Sources covering this story - https://www.livemint.com/money/personal-finance/pnb-credit-card-holders-alert-check-new-atm-withdrawal-late-payment-and-utility-bill-charges-from-november-1-11793411280197.html — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._