Is my money safe in PNB?
Deposits held with Punjab National Bank (PNB) are exceptionally secure, given its status as a major public sector bank operating under the direct ownership and strategic backing of the government of India. All eligible retail deposits—including savings accounts, current accounts, and fixed deposits—are protected under the Deposit Insurance and Credit Guarantee Corporation framework, which insures aggregate balances up to five hundred thousand rupees per depositor for both principal and interest. Because public sector institutions maintain strict adherence to Reserve Bank of India directives and sovereign financial support, standard customer funds remain safe against systemic or operational insolvency risks.
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