News Desk, Amar Ujala, New Delhi
Updated Sun, 29 Nov 2020 12:25 AM IST
Hear the news
The bank Punjab National Bank is going to make a big change in the way of withdrawing cash from ATMs from 1 December. With the increasing number of frauds, PNB is implementing a one-time password (OTP) system to make it more secure for customers to withdraw money from ATMs. This new system will come into effect from 1 December. Under this, to withdraw cash from an ATM, you have to tell the OTP on the mobile number registered with the bank. This rule will be applicable to cash transactions of more than 10 thousand rupees. The bank has given information about this by tweeting.
Save the dates!
According to PNB’s tweet, between 1 pm and 8 pm from 8 December, cash withdrawals of more than Rs 10,000 at a time from PNB 2.0 ATMs will now be based on the OTP system. That is, PNB customers will need OTP to withdraw more than 10 thousand rupees in these hours. So customers should not forget to take their mobile with them.
Explain that the United Bank of India and Oriental Bank of Commerce have been merged with Punjab National Bank, which came into effect from April 1, 2020. The entity that came into existence after this is named PNB 2.0. The bank’s tweet and message clearly stated that OTP based cash withdrawal will be applicable only at PNB 2.0 ATM. That is, OTP based cash withdrawal facility will not be applicable for withdrawing money from PNB debit / ATM card from other bank ATMs.