Punjab National Bank · statement narration
CLOSURE REMIT CHG
A charge for transferring your balance elsewhere when the account is closed.
In plain English
A charge for transferring your balance elsewhere when the account is closed.
Also printed as REMITTANCE ON CLOSURE, CLOSURE TRANSFER CHG.
Hinglish mein
Account band karte waqt paisa kahin aur bhejne par lagne wala charge.
What it costs, including GST
Savings Fund Account · Branch
Remittance charges plus out-of-pocket expenses
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Punjab National Bank transfer of the entire balance in a savings account to another bank at closure. The page prices this as a pass-through of the applicable remittance charges plus out-of-pocket expenses and states no figure, so it is published in the page's own words and no amount is stored. This is a remittance charge on the outgoing transfer, not an account-closure charge; the Non-Credit Related Service Charges page does not carry PNB's account-closure schedule. Charges are exclusive of GST wherever applicable.
Why it happened
Your closing balance was remitted to another bank.
How to avoid it
Withdraw the balance or transfer it yourself digitally before requesting closure.