If you have an account with Punjab National Bank (PNB) and use a debit card, this update is important for you. The bank has changed the daily ATM withdrawal limit for many of its debit cards.
This step has been taken to improve customer security and promote digital banking. The new rules will come into effect from April 1.
According to a notice on the bank’s website, PNB is continuously working to reduce risk and make customer transactions safer. Because of this, the daily ATM withdrawal limit for several debit cards has been reduced.
This means you may not be able to withdraw as much cash in a single day as you could earlier.
However, there is no change in the limits for transactions made through e-commerce platforms or contactless payments. Those limits will remain the same.
Customers can set or reset their ATM withdrawal limits (within the new limits fixed by the bank) through internet banking, the PNB One app, IVR, or WhatsApp banking.
New ATM Withdrawal Limits for Different Debit Cards
PNB has divided debit cards into two main categories under the new rules. Here are the details in simple terms:
First Category: New Limit ₹50,000 Per Day
Some debit cards that earlier allowed withdrawals up to ₹1 lakh per day will now allow only ₹50,000 per day.
These cards include:
RuPay NCMC Platinum Domestic Debit Card
RuPay NCMC Platinum International Debit Card
RuPay Women Power Platinum Debit Card
RuPay PNB Palash Debit Card (Recycled PVC)
RuPay Business Platinum NCMC Debit Card
Mastercard Platinum Debit Card
Visa Gold Debit Card
PNB Mastercard Platinum Rise
Second Category: New Limit ₹75,000 Per Day
Some premium debit cards have also seen a reduction in their withdrawal limit. Earlier, these cards allowed withdrawals up to ₹1.5 lakh per day. Now, the limit has been reduced to ₹75,000 per day.
These cards include:
RuPay Select Debit Card
PNB RuPay Select Excel
Visa Signature Debit Card
Mastercard Business Debit Card
How to Change Your Debit Card Limit Online
If your ATM withdrawal limit has been reduced and you want to reset it according to your needs (within the new limit set by the bank), you can easily do it through internet banking or the mobile app.
Steps to Change Limit Through Internet Banking
Step 1: Log in to your PNB internet banking account. Go to the “Value Added Services” tab and click on “Debit Card Personalisation.”
Step 2: A new page will open. Select your account number and choose the service (ATM, Contactless, E-Comm, or POS limit) that you want to change from the drop-down menu. Click on “Continue.”
Step 3: Enter your card number, expiry date, and card PIN. Fill in the details carefully and click “Submit.”
Step 4: On the next page, enter the new limit for ATM, contactless, e-commerce, or POS transactions. After entering the desired limit, click “Update.”
Step 5: You will receive an OTP on your registered mobile number. Enter the OTP and click “Submit.” Your limit will be successfully updated, and a confirmation message will appear on the screen.
How to Change Limit Through PNB ONE App
Step 1: Open the PNB ONE mobile app and log in using your User ID and password. Click on “Services.”
Step 2: Click on “Debit Cards” to expand the menu.
Step 3: Choose the option for the limit you want to change — ATM, POS, E-Commerce, or Contactless.
Step 4: Select the account number linked to your debit card from the drop-down list.
Step 5: Choose your debit card and enter the details for the limit you want to update.
Step 6: On the next page, you will see your current limit and the new applicable limit. Enter your desired limit and click “Continue.”
Step 7: Enter your transaction password to confirm the request. Once done, your limit will be successfully updated.
