Punjab National Bank (PNB) is going to change the rules for withdrawing money from its ATMs in the next six days i.e. from February 1. PNB has taken a commendable step to curb the growing ATM fraud across the country. If you also have a bank account with PNB, then this is news for you. From February 1, PNB customers will not be able to withdraw money from non-EMV ATM machines. PNB Bank has given information about this by tweeting on its official Twitter account.
PNB Bank has taken this step in view of increasing cases of fraud, so that customers’ money can be protected. From February 1, customers will not be able to conduct financial or non-financial transactions from ATMs without EMVs.
To protect our esteemed customers from fraudulent ATM activities, PNB will be restricting transactions(financial & non-financial) from Non-EMV ATM machines from 01.02.2021. Go Digital, Stay Safe!
— Punjab National Bank (@pnbindia) January 14, 2021
Know what are non EMV ATMs
Non-EMV ATMs or non-EMV ATMs are those in which ATMs or debit cards are not used during transactions. In these machines the data is read through the magnetic stripe of the card. Here the card is also locked for a few seconds.
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