What is the fee or charge imposed by PNB when a customer withdraws cash using a PNB credit card? Is the charge fixed or percentage-based on the withdrawn amount? How much is the cash advance fee (e.g., a flat fee or a percentage of the amount withdrawn)? Is there a minimum or maximum limit on the fee? Does the fee vary based on card type (e.g., premium vs. basic credit cards)? Apart from the one-time cash advance fee, is there any interest charged on the withdrawn amount? What is the interest rate, and when does it start accumulating (e.g., immediately or after a grace period)? Is there a limit on how much cash can be withdrawn per day or per billing cycle? Does the limit vary based on credit card type or credit limit? Can cash advances be taken from PNB ATMs only, or can they be withdrawn from any ATM? Are there international withdrawal fees for using the credit card at foreign ATMs? How does PNB’s cash advance fee compare with other banks’ credit card cash withdrawal charges?
Yes, there is a cash advance fee associated with Punjab National Bank’s (PNB) credit cards. Depending on the transaction amount and location, a fee is assessed when you take out cash with your PNB credit card.
India’s PNB Credit Cards:
PNB is the cash advance fee. Domestic ATMs: a minimum of ₹150 or 2% of the amount withdrawn.
Other domestic ATMs: a minimum of ₹200 or 2% of the amount withdrawn.
ATMs abroad: 2% of the amount taken out, or at least ₹250. [Insider Card] Punjab National Bank (PNB RuPay Select Credit Card - Detailed Review)
Interest Charges: From the date of the transaction until the entire amount is paid back, interest is charged in addition to the cash advance cost.
The cash advance tool should only be used in an emergency because of the fees and interest involved.
Yes, PNB credit cards charge a cash advance fee of 2.5 percent of the withdrawn amount, with a minimum of ₹500. Interest starts from the day you withdraw, with no grace period, and is usually around 2.5 to 3.5 percent per month.
You can withdraw up to 40 percent of your credit limit, depending on the card. Withdrawals can be made from any ATM, not just PNB, but extra charges may apply, especially for international use.
PNB’s fees are in line with most other banks. It’s best to use cash advances only in emergencies and repay quickly to avoid high interest.