Punjab National Bank (PNB) is going to change the rules for withdrawing money from its ATMs from February 1. PNB has taken a commendable step to stop the growing ATM fraud across the country. If you also have a bank account in 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!
#TransactioKaroFearless #ATM pic.twitter.com/puvHq7fda3
— Punjab National Bank (@pnbindia) January 14, 2021
Know what are Non EMV ATMs
Non EMV ATMs or Non EMV ATMs are those in which ATM or Debit Card is not used during the transaction. In these machines the data is read through the magnetic stripe of the card. Here the card is also locked for a few seconds. Also Read: Panchayat elections: contenders entangled with SC-ST or OBC caste, now waiting for reservation policy eagerly
