PNB Customers to Pay More for ATM Transactions | CORPORATE ETHOS

PNB Customers to Pay More for ATM Transactions

By: | September 11, 2017

Sep 11: Come October, and customers of state-run lender Punjab National Bank (PNB) would have to shell out more for transactions at ATMs.  PNB customers will have to shell out extra money for carrying out more than five transactions a month from the bank’s ATMs, it has been reported.

As of now, PNB allows customers to make any number of transactions a month without charging them. At present, account holders of the country’s second largest public sector bank can make any number of transactions in a month, financial or non-financial, at the bank’s ATMs without attracting any charge.

According to a bank statement the number of free transactions and the charges beyond these free transactions for PNB customers on PNB ATMs have been revised. The revised charges will be effective from October 1, 2017.

And that means savings / current /overdraft account holders would all attract charges at Rs 10 per transaction beyond a limit of five times a month. This charges would apply even if the customer uses the PNB ATM all the time.

The bank has also clarified that it would not charge customers for other non-financial transactions like balance enquiry, fund transfer or green pin request.