In response to rising cyber fraud incidents, Punjab National Bank (PNB) has introduced the ‘Safety Ring’ security feature. This optional mechanism provides an additional layer of protection against unauthorized access, aimed at minimizing potential financial losses for users of its internet and mobile banking services.
The ‘Safety Ring’ allows customers to set a daily transaction limit for term deposits (TDs), specifically for online closure or overdraft facilities. This limit is defined by the customer and acts as a safeguard across all digital channels, preventing TDs from being closed, withdrawn, or used for overdrafts beyond the set limit.
Once implemented, the ‘Safety Ring’ ensures stringent control over digital transactions, enhancing overall security for PNB’s internet and mobile banking users. This initiative reflects PNB’s commitment to safeguarding customer finances in an increasingly digital banking environment.
Rajasthan is a state in north-western India, known for its rich history, beautiful palaces, forts…
PV Sindhu is one of India's most celebrated badminton players, known for her exceptional skills,…
Wood is a natural material used in furniture, tools and decoration. It comes from trees…
Union Minister for Road Transport and Highways, Nitin Gadkari, inaugurated India's first bio-bitumen-based National Highway…
The Tomb of Bahu Begum is a historical monument located in Uttar Pradesh. It was…
Prime Minister Narendra Modi has earned numerous international awards over the years, reflecting his diplomatic…