ATM will be useless from tomorrow. This new Change is made to protect customers from fraud

ATM will be useless from tomorrow. This new Change is made to protects customers from fraud. Punjab National Bank is making new rules to protect its customers from fraud. Under this rule, from tomorrow, ie from 1 February 2021, customers of Punjab National Bank will not be able to withdraw money from any non-ATM machine. Due to this, many customers may face some problems. But this big step has been taken by PNB to protect its customers from fraud.

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PNB Made Changes To Withdraw Money From ATM

Punjab National Bank has made this major decision through its official Twitter account. PNB has made changes in its ATMs since 1 February, focusing on getting customers digital and keeping them safe. Now PNB customers will not be able to transact money through any non-EMV.

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What Is Non EMV

PNB has made several changes to withdraw money from non-EMVs to prevent fraud happening every day. Let us tell you that non EMV is one in which ATM or Debit Card is not used during the transaction. In this machine, your data card is read on a magnetic basis. There is also a problem of locking in these cards.

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The Month Of December Had Facilitated OTP

Punjab National Bank makes several new changes every day for the convenience of its customers. With this, in December 2020, the company started the OTP facility on withdrawing cash from ATMs. Through which any customer had the facility of one time OTP password on withdrawing more than 10000 rupees. Through which it was not possible to withdraw cash from ATM without adding OTP.

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(TezzBuzz)