Punjab National Bank · statement narration
NACH TXN CHG
A charge on a NACH auto-debit transaction.
In plain English
A charge on a NACH auto-debit transaction.
Also printed as NACH CHARGES, AUTO DEBIT CHG.
Hinglish mein
NACH auto-debit transaction par lagne wala charge.
What it costs, including GST
Retail Banking Service Charges · Branch
Rs 2 per record, subject to a minimum of Rs 500
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Punjab National Bank outward NACH credit and debit transactions of corporates. The page prices this per record with a floor; the dataset has no amount type that applies a per-record rate with a minimum, so the charge is published in the page's own words rather than as a flat figure that would be computed against the wrong basis. Charges are exclusive of GST wherever applicable.
Why it happened
A NACH auto-debit was processed against your account.
How to avoid it
Check whether your lender offers a no-fee mandate through internet banking.