ATM withdrawal rules: If you have an account with Punjab National Bank (PNB) and a debit card, this news is very important for you. PNB has made a significant change to the daily ATM withdrawal limit for its customers. The bank has taken this step to further protect your money and promote digital banking.
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ATM withdrawal rules: If you have an account with Punjab National Bank (PNB) and a debit card, this news is very important for you. PNB has made a significant change to the daily ATM withdrawal limit for its customers. The bank has taken this step to further protect your money and promote digital banking. The changed rules will take effect April 1st.
In a statement posted on its website, the bank stated that it is continuously striving to reduce risk and strengthen customer security. As a result, the ATM withdrawal limit for many debit cards has been reduced. This means you won’t be able to withdraw as large a sum of money from an ATM in a single day as you did before.
There is no change in the limits for transactions made through e-commerce and contactless channels. They will remain unchanged. PNB debit card customers can set or reset their ATM withdrawal limits within the new limits set by the bank through internet banking, the PNB One app, IVR, or WhatsApp banking.
Which cards will be subject to the new rules?
The bank has set new limits for different categories of debit cards. Let’s understand this in simple terms…
First category: Now only Rs 50,000
Cards that previously allowed you to withdraw up to Rs 1 lakh per day will now only be allowed to withdraw Rs 50,000. This category includes the following cards:
· RuPay NCMC Platinum Domestic Debit Card
· RuPay NCMC Platinum International Debit Card
· RuPay Women Power Platinum Debit Card
· RuPay PNB Palash Debit Card (Recycled PVC)
· RuPay Business Platinum NCMC Debit Card
· Mastercard Platinum Debit Card
· Visa Gold Debit Card
· PNB Mastercard Platinum Rise
· Second Tier: Now ₹75,000
The limit on some premium cards has also been reduced. With these cards, you can now withdraw a maximum of ₹75,000 per day, compared to the previous limit of ₹1.5 lakh. These cards include…
RuPay Select Debit Card
PNB RuPay Select Excel
Visa Signature Debit Card
Mastercard Business Debit Card
How to change your PNB debit card limit online?
If PNB has reduced your card’s ATM withdrawal limit, but you want to reset it to your desired limit (within the new limit), you can easily do so through internet banking or the mobile app. Let’s learn how…
How to Change Limits Using Internet Banking
Step 1: First, log in to your PNB Internet Banking account. Then, go to the ‘Value Added Services’ tab. Click on the ‘Debit Card Personalization’ option.
Step 2: A new page will open. Select your account number and, from the drop-down menu, select the service (e.g., ATM, contactless, e-commerce, or POS limit) for which you want to change the limit. Then, press the ‘Continue’ button.
Step 3: On the next page, you will need to enter your card number, expiration date, and card PIN. Once you have entered all the information correctly, click ‘Submit’.
Step 4: You will be redirected to a new page where you will need to enter your new limit for ATM, contactless, e-commerce, or POS. After entering the desired limit, press the ‘Update’ button.
Step 5: In the final step, you will receive an OTP on your registered mobile number. Enter it and click ‘Submit’. Your limit has been successfully changed. A confirmation message will appear on the last page.
How to change your limit using the PNB ONE app
Step 1: Open the PNB ONE mobile app and log in with your user ID and password. Then click on the ‘Services’ option.
Step 2: Click on ‘Debit Cards’ to expand the menu.
Step 3: You will now see various options such as Update ATM Limit, Update POS Limit, Update E-Commerce Limit, and Update Contactless Limit. Click on the limit you want to change.
Step 4: Select the account number linked to your debit card from the drop-down list.
Step 5: Select your debit card from the drop-down list. Then, enter the details for the limit you want to change (ATM, POS, E-COMM, CONTACTLESS).
Step 6: On the next page, you will see the current limit and the applicable limit. Enter your new limit here and click ‘Continue’.
Step 7: Enter your transaction password to confirm the request. Your limit will be successfully changed.
So, the next time you go to an ATM, be sure to keep these new limits on your card in mind. This change is for your own safety, so that no one can misuse your card and cause significant losses.
