Category: Updates

What is collected balance mean?

Collected Balance means the current balance in the Account less the amount of check deposits that Bank is in the process of collecting. How is average led...

How many branches PNB have?

704 branches To date, the Bank has a total domestic footprint of 704 branches and more than 1,500 ATMs strategically located nationwide. In which state PN...

How does a demand draft work?

When a bank prepares a demand draft, the amount of the draft is taken from the account of the customer requesting the draft and is transferred to an accou...

What is cut off in banking?

The cutoff time is the time at which a bank stops crediting same-day deposits. Deposits after the cutoff time are credited the next banking day. The cutof...