Punjab National Bank (PNB), a government-owned institution, has declared that it will charge Rs. 10 plus GST for all domestic ATM cash withdrawals that are unsuccessful because of “insufficient funds.” The charge will be implemented by the bank on May 1, 2023.
Punjab National Bank, a government-owned institution, has declared that it will charge Rs. 10 plus GST for all domestic ATM cash withdrawals that are unsuccessful because of “insufficient funds.” The charge will be implemented by the bank on May 1, 2023.
What are the PNB guidelines?
Two significant modifications involving client costs were announced in a notice released by the bank.
1) An update to the fees for issuing debit cards, prepaid cards, and annual maintenance fees. 2) In the event that a debit card transaction is refused owing to insufficient funds in the account, the bank will begin to charge fees for PoS and eComm transactions (domestic and international).
Banks already charge a fee for the creation and upkeep of debit cards. Various PNB debit card options have varying fees.
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PNB fees assessed when using the card to make a cash withdrawal?
Customers of Punjab National Bank must pay R 10 if they use an ATM after their monthly withdrawal limit has been reached; there are five free withdrawals each month. Nonetheless, it is typically charged for successful ATM withdrawals. That is applicable if you use an ATM owned by PNB.
Three metro transactions per month and five non-metro transactions per month are free if you use an ATM from another bank. Once you exceed the limit, a fee of Rs 21 plus any applicable taxes will be charged for each transaction.
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