Consideration PNB clients! ATM money withdrawal guidelines altering from at the moment. Test particulars


Picture Supply : PTI

Consideration PNB clients! ATM money withdrawal guidelines altering from at the moment. Test particulars

Are you Punjab Nationwide Checking account holder? Then right here is a crucial replace for you. The Punjab Nationwide Financial institution (PNB) has taken a significant step to chek fraud. In accordance with report the financial institution won’t permit its clients to withdraw cash from non-EMV automated teller machines (ATMs) from at the moment i.e February 1, 2021.

PNB has already knowledgeable its clients that it’ll ban each monetary and non-financial transactions from non-EMV ATM machines from February 1.

“To guard our esteemed clients from fraudulent ATM actions, PNB shall be limiting transactions(monetary & non-financial) from Non-EMV ATM machines from 01.02.2021. Go Digital, Keep Secure!,” PNB mentioned in an official announcement on the micro-blogging web site.

What are non-EMV ATMs?

Non-EMV ATMs are these by which ATM machines don’t maintain debit playing cards throughout transactions. In these machines, the info card is learn via a magnetic strip. Right here the cardboard can be locked for a number of seconds.

PNB OTP companies for money withdrawal in December 2020

In December 2020, the financial institution had modified guidelines for withdrawing money from ATMs. PNB account holders get a One Time Password (OTP) for money withdrawal of ₹10,000 and above from ATMs between eight pm to eight am. With out OTP, money withdrawals aren’t potential for PNB account holders. With the introduction of its OTP-based money withdrawal facility, PNB ATMs have added one other layer of safety for money withdrawals.

In December 2020, the financial institution up to date the foundations regulating the withdrawal of cash from ATMs. For money withdrawals of Rs.10, 000 and above from ATMs between eight pm and eight am, PNB account holders get hold of a One Time Password (OTP). For PNB account holders, money withdrawals aren’t potential with out OTP. With the launch of its money withdrawal facility based mostly on OTP, PNB ATMs have added an additional layer of money withdrawal safety.

In December 2020, PNB had up to date the ATM money withdrawal guidelines. PNB account holders get hold of a One Time Password (OTP), for money withdrawals of Rs.10, 000 and above from ATMs between eight pm and eight am. With out OTP, PNB account holders will be unable to withdraw money. With the launch of its OTP-based money withdrawal facility, PNB ATMs have added one other layer of safety for money withdrawals.

withdraw money at PNB ATMs via OTP-based system

To be able to withdraw money at PNB ATMs, you will have an OTP

OTP shall be despatched to your registered cell quantity.

OTP is a system-generated numeric string of characters that authenticates the consumer for a single transaction.

Test-in at PNB ATM.

Insert your debit/ATM card.

Enter the mandatory particulars.

In case you are withdrawing greater than ₹10000 at a time, you’re going to get an OTP in your registered cell quantity.

Enter the OTP that you’ve got obtained in your cell quantity.

After coming into OTP, you’re going to get money.

 

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