PNB raises late, cash, bounce and redemption charges on every credit card
From 1 November 2026, every PNB credit card pays more for a late payment (up to ₹1,200), a cash withdrawal (2.5%, minimum ₹400), a bounced payment (minimum ₹400) and a points redemption (₹99, free until now).
What changed
Fee change · Punjab National Bank
Before
Late fee Nil to ₹750 across four slabs; cash advance 2% with a ₹100–₹300 floor by card and ATM; a bounced payment ₹100–₹250; reward redemption free; no fee on utility payments
From 1 Nov 2026
From 1 November 2026: late fee Nil to ₹1,200 across five slabs; cash advance 2.5% with a ₹400 floor at PNB ATMs and ₹500 elsewhere; a bounced payment 2% of the amount, minimum ₹400; ₹99 per reward redemption; 1% on utility payments above ₹50,000 a billing cycle, capped ₹2,000 a transaction
Punjab National Bank has published a revised schedule of credit-card charges that applies to every Visa and RuPay card it issues from 1 November 2026. Its 14 October 2026 fee documents print the same schedule. All figures are before GST.
| Charge | Until 31 Oct 2026 | From 1 Nov 2026 |
|---|---|---|
| Late fee, total due up to ₹500 | Nil | Nil |
| Late fee, ₹501 to ₹1,000 | Nil | ₹500 |
| Late fee, ₹1,001 to ₹10,000 | ₹500 or ₹600 | ₹750 |
| Late fee, ₹10,001 to ₹50,000 | ₹750 | ₹1,000 |
| Late fee, above ₹50,000 | ₹750 | ₹1,200 |
| Cash advance at a PNB ATM | 2%, minimum ₹100 or ₹150 | 2.5%, minimum ₹400 |
| Cash advance elsewhere and abroad | 2%, minimum ₹150 to ₹300 | 2.5%, minimum ₹500 |
| Bounced payment or auto-debit | ₹100 to ₹250 | 2% of the payment, minimum ₹400 |
| Reward redemption | Free | ₹99 a request |
| Utility payments | No fee | 1% above ₹50,000 in a billing cycle, capped ₹2,000 a payment |
The redemption fee is the one points holders should plan around. PNB values a reward point at 25 paise, so ₹99 is the value of 396 points, and the minimum redemption is 1,000 points. Redeem in large blocks, not every time you cross the minimum.
The late fee bites at both ends. A small balance of ₹501 to ₹1,000, which used to be free, now costs ₹500, and the top of the ladder goes from ₹750 to ₹1,200. Pay at least the minimum due on time and none of it applies.
Cards issued against a fixed deposit keep their own late fee: 30% of the minimum due, between ₹200 and ₹500 a cycle. The nil forex markup on the LUXURA metal cards is unchanged.
Source: Punjab National Bank — public notice on revised credit-card service charges, read in full on 17 October 2026, and PNB’s Most Important Terms and Conditions of 14 October 2026.
Sources
- The story’s source: creditcard.pnb.bank.in
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