After the State Bank of India (SBI), the Punjab National Bank (PNB) has changed the rules for withdrawing cash from ATMs. The new rules are applicable as of today, December 1, 2020. Therefore, now with the new change, PNB account holders will need a unique password (OTP) to withdraw cash from ₹10,000 and more ATMs. So from today (December 1) onward, if you go to a PNB ATM to withdraw ₹10,000 or more, remember to take your mobile with you. As you must enter the OTP sent by the bank in your registered mobile number. Without OTP, cash withdrawals will not be possible for PNB account holders.
According to the bank, customers can now easily withdraw money above ₹10,000 between 8 pm and 8 am The bank on its official Twitter account posted a tweet, “Save the dates! PNB 2.0 will launch OTP-based cash withdrawals starting December 1, 2020. Making withdrawals easier , the easiest banking “.
PNB has shared a 47 second video clip that explains the steps of how OTP cash withdrawal will work at ATMs. “Watch video | Here’s how to use PNB’s OTP-based cash withdrawal service at ATMs with these steps,” PNB tweeted.
Here’s how to withdraw cash at PNB ATMs through the OTP-based system
-To withdraw cash at PNB ATMs, you will need an OTP
-OTP will be sent to your registered mobile number.
-OTP is a system generated numeric string of characters that authenticates the user for a single transaction.
– Register at the PNB ATM.
– Insert your debit / ATM card.
– Enter the necessary details.
– If you are withdrawing more than ₹10000 at a time, you will get an OTP on your registered mobile number.
– Enter the OTP that you have received in your mobile number.
– After entering OTP, you will get cash.
With the introduction of its OTP-based cash withdrawal feature, PNB ATMs have added another layer of security for cash withdrawals.
In September, the country’s top lender, SBI, extended OTP-based cash withdrawal to ₹10,000 and more throughout the day at all your ATMs in the country. Prior to that, it was available for transactions at SBI ATMs between 8pm and 8am.
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