Punjab National Bank (PNB) has decided to restrict its customers from withdrawing money from non-EMV automated teller machines (ATMs) with effect from 01 February 2021, in an attempt to check frauds, related to money transactions. This restriction will apply to both, financial and non-financial transactions. To overcome this, PNB will introduce OTP based systems for withdrawing cash.
WARRIOR 5.0 Batch for SBI, RRB, RBI and IBPS Exams Banking Awareness Online Coaching | Bilingual
What are non-EMV ATMs?
Non-EMV ATMs are those which reads data through magnetic strips and do not hold the ATM card during the transaction.
Other major decision
Important takeaways for all competitive exams:
Did you know that there is a waterfall in India that becomes truly magical during…
The Central Board of Indirect Taxes and Customs (CBIC) is set to launch SWIFT 2.0…
Saudi Arabia has banned poultry and egg imports from 40 countries while including countries like…
The National Board of Examinations in Medical Sciences (NBEMS) has achieved the Guinness World Record…
Did you know that one famous water body in the Middle East is called by…
India has announced its first-ever results-based environmental award called the Zero Prize which targeting verified…