PNB Credit Card Fees Revised From November 1: What It Means for Cash and Bill Payments

PNB is revising the charges on its credit cards from November 1, according to reporting by Trade Brains. The revision covers fees for cash withdrawals and utility bill payments, among other items.

If you hold a PNB credit card, check the new fee list before that date. Cash withdrawals and bill payments are the uses most likely to cost you extra. The report's headline doesn't give exact amounts, so confirm them with the bank.

Key takeaways

• PNB credit card charges are being revised from November 1, as reported.
• Cash withdrawals and utility bill payments are two of the areas named.
• Exact new amounts aren't in the headline, so check PNB's official notice.
• Paying your full bill on time and skipping cash withdrawals keeps costs low.
• Cash on a credit card is usually costly, so look at cheaper options first.

What the PNB credit card fee revision covers

As reported, the changes touch several charges on the card. Two stand out: cash withdrawals and utility bill payments. Other fees are also part of the revision, but the headline doesn't list them.

We don't have the new rates, so we won't guess them. The numbers below are examples only. They show how such fees add up, not what PNB will charge.

How these card charges work

A cash withdrawal on a credit card is called a cash advance. Banks usually charge a fee on it, often a percentage of the amount with a minimum flat sum. The fee comes on top of interest.

There's a second catch. Interest on a cash advance normally starts the day you withdraw. Shopping purchases get an interest-free period if you pay in full. Cash usually doesn't.

Utility bill payments are different. Some banks charge a fee when your bill payments cross a set limit in a month. Others charge on every payment above a certain size. Rules differ by card, so read your own card's terms.

RBI sets the broad rules on how banks must tell you about card charges. Banks must share fees and interest clearly. You can read the main rules in the RBI Master Directions linked below.

What it could cost you: a worked example

Say you withdraw ₹10,000 in cash. Assume an example fee of 2.5% and interest of 3.5% a month, which is typical for cards. You repay after 15 days.

Cost item	Example working	Amount
Cash withdrawn	Your own need	₹10,000
Withdrawal fee	2.5% of ₹10,000	₹250
Interest for 15 days	3.5% a month, half a month	₹175
Total extra cost	Fee plus interest	₹425

That's 4.25% gone in just two weeks. A bank loan or a short personal loan would cost far less. You can test options with the EMI calculator.

Now take a utility bill. Say you pay ₹20,000 in bills and the example fee is 1%. You'd pay ₹200 extra. Paying by UPI or net banking from your account would cost nothing.

Who is affected

Anyone with a PNB credit card could be affected from November 1. Some people feel it more than others.

• Cardholders who pull cash from ATMs on their card.
• People who pay rent, electricity or gas bills through the card for reward points.
• Cardholders who miss due dates and already pay interest.

If you only use the card for shopping and pay in full, you may see no change at all. Still, read the new terms once.

What to do now

You have time before November 1. A few simple steps can save you money.

1. Find the new fee notice on PNB's website, app or in your statement mail.
2. Note the fee on cash withdrawals and on utility bills.
3. Check whether your bill payments cross any monthly limit.
4. Move big bill payments to UPI or net banking if the fee is high.
5. Avoid cash advances. If you need money, compare personal loan rates in our interest rate tables.

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Frequently asked questions

When do the new PNB credit card charges start?

According to the report, the revised charges apply from November 1. Check PNB's official notice for the exact fee on each item.

Is a credit card cash withdrawal a good idea?

Usually not. You pay a fee and interest starts right away. A short loan or your savings is often cheaper.

How can I avoid fees on utility bill payments?

Pay bills from your bank account using UPI or net banking. If you use the card, check the monthly limit before the fee applies.