PNB Cardless Cash Withdrawal: PNB is going to start cardless cash withdrawal facility for its customers. Along with this, the bank has also launched a virtual debit card.
PNB Cardless Cash Withdrawal: Punjab National Bank has introduced the facility of cardless cash withdrawal to make the transaction more convenient and easy for its customers. Through this, customers of the bank will be able to withdraw cash from ATM without using their card. Along with this, the bank has also launched a virtual debit card.
PNB was celebrating its 128th Foundation Day on Tuesday, where the bank launched a new range of select digital services on the PNB One mobile app to enable secure banking transactions for its customers.
Atul Kumar Goel, MD & CEO, PNB said that on the strong path of recovery in the financial sector, PNB is witnessing strong growth. With this, PNB has redefined its commitment to digital transformation by introducing several new features.
How to do card-less cash withdrawal through ATM
Card-less cash withdrawal through ATMs is a mode of transaction by some banks in the country on an on-us basis (for their customers at their ATMs). Unifyte Payments Interface (UPI) is used while settling such transactions from ATMs. Withdrawing cash from an ATM without a card will help prevent fraud incidents like skimming, card cloning or device tampering.
RBI announced in the monetary policy meeting
The Reserve Bank of India (RBI) in its first MPC meet meeting of this financial year had talked about bringing cardless cash withdrawal facility for all banks. RBI Governor Shaktikanta Das said that RBI is working on a proposal to provide cardless cash withdrawal facility from ATMs of all banks in the country.
