Punjab National Bank Is Shutting Down ATM

Whether you are a PNB client, here’s a piece of essential news fronting you regarding the withdrawal of money from ATM machines. In a try to concur against frauds and card cloning, the Punjab National Bank (PNB), has interpreted a huge stride and won’t grant its customers to retract money from non-EMV automated teller machines (ATMs) from Feb 1, 2021.

One of the country’s largest public sphere banks, PNB has made its populace that it will move constraining proceedings (both fiscal and non-financial) from Non-EMV ATM machines from February 1, 2021. The PNB has interpreted this determination to assure the safeguard of the customers from the fake ATM activities. The PNB has already informed its determination to its customers from its prescribed twitter that to protect their prestigious customers from spurious ATM activities, PNB will be confining transactions (fiscal & non-financial) from Non-EMV ATM machines from 01/02/2021.

The Punjab National Bank, abbreviated as PNB, is an Indian public sector bank headquartered in New Delhi, India. The bank was founded in 1894 and is the second-largest public sector bank (PSB) in India, both in terms of industry and its network. The bank has more than 180 million clients, 10,910 branches, and 13,000+ ATMs since mergers with United Bank of India and Oriental Bank of Commerce, effective 1 April 2020.

PNB has a banking division in the United Kingdom (PNB International Bank, with seven branches in the United Kingdom), as well as branches in Hong Kong, Kowloon, Dubai, and Kabul. It has offices in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo (Norway), and Sydney (Australia). In Bhutan, it owns 51% of Druk PNB Bank, which has five branches. In Nepal, PNB owns 20% of Everest Bank Limited, which has 50 branches. Finally, PNB controls 41.64 percent of JSC (SB) PNB Bank in Kazakhstan, which has four branches.

What Is Non-EMV PNB ATM?

ATM

Non-EMV PNB ATMs are those ATMs where banking company customers involve not to utilize their debit card facing hard cash withdrawment or to carry out any alternative bank function. In such ATMs, Data Magnetic Chips enabled interpreting is done forth the ATM machine, and fronting some seconds one’s debit card gets locked.

Cash Withdrawal Policy Changes:

Lately, the public sphere banking company had likewise proclaimed a casualty in its hard cash withdrawment policy from December 20 concluding the year 2020. Beneath its fresh policy, hard cash withdrawals of greater than ₹ 10,000 from 8 pm to 8 am from PNB 2.0 (PNB, eOBC, eUNI) ATMs parting at present follow based on one-time passwords (OTPs). The banking concern had aforesaid that an OTP bequeaths be sent to customers’ registered mobile number, pursual which they bequeath be allowed to retract greater than ₹ 10,000 from 8 pm to 8 am.

Read More: Little Budget Relief Will Be A Great Benefit To Taxpayers

Switching Of Debit Cards On Or Off:

ATM

PNB banking concern has introduced PNB One App that allows PNB debit card users to flip-flop on or off their debit entry card through this app. What they necessitate is to download this PNB One app inwards their smartphone or android mobile phone from the play store.

Steps To Withdraw More Than ₹10,000 At Night From ATMs:

Introduce your ATM card into the atm machine and supply the vital information. You will get an OTP along with your registered mobile number. Therefore, it is vital to carry your mobile phone because you will get the OTP on your registered mobile number whether you are sounding to withdraw ₹ 10,000 or adit. In absence of OTP, you bequeath not able to retract hard cash for the said sum. Enter the OTP on the ATM afterward which you will be allowed to retract excess than ₹ 10,000 from a PNB atm. After entering the OTP, you will receive the cash. 

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