Punjab National Bank customers got a big shock, now they will be able to withdraw only ₹ 50,000 from the card, the bank changed the rules in the name of security.

News India Live, Digital Desk: If your bank account is in Punjab National Bank (PNB) and you often use debit card to withdraw huge cash, then this news is for you. Keeping in view the security of its customers and increasing cyber fraud, PNB Cash Withdrawal from Debit Card And POS/E-commerce The daily limits of transactions have been revised. Now you will not be able to withdraw more than ₹ 50,000 cash in a day on some selected cards.

What is the new rule? (Understand according to the card)

The bank has set different limits for different card categories:

Platinum Debit Card: Daily cash withdrawal limit now reduced for PNB Platinum Debit Card holders ₹50,000 Has been decided. At the same time, the expenditure limit for POS or online shopping ₹1,25,000 Will be till.

Classic Debit Card: Cash withdrawal limit for Classic Card users ₹25,000 and daily purchase limit ₹60,000 It has been determined.

Business Debit Card: Cash withdrawal limits for business card holders ₹1,00,000 And for POS/e-commerce ₹3,00,000 A huge limit of up to Rs.

Why did the bank take this decision? (The Reason)

The reason behind this change by PNB is mainly two big reasons Being told:

Control on cyber security and fraud: The Bank has ‘customised’ the transaction limits to reduce the huge financial loss to the customer in case of card cloning and fraud.

Promotion of Digital India: The bank wants people to use digital payment modes like UPI, net banking and POS more instead of cash withdrawals.

How to change your transaction limit?

The good thing is that the bank has also given the facility to the customers to manage their limit themselves. If you want to increase or decrease your limit:

PNB One App: Through the PNB One mobile app, you can set your limit by going to the ‘Debit Card’ section.

Internet Banking: Changes can also be made by logging into the official website of the bank.

ATM: You can also update your daily limits by visiting PNB ATM.

Note: The bank has suggested that for security reasons, customers should keep the limit set as per their requirement and keep the card in ‘off’ mode when not in use.