If you have an account with Punjab National Bank (PNB) and use its debit card, this update is very important for you. The bank has changed the daily ATM withdrawal limits for many of its debit cards.
This decision 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 shared on the bank’s website, PNB is continuously working to reduce risks and make banking safer for customers.
Because of this, the daily ATM withdrawal limit for several debit cards has been reduced. This means you will not be able to withdraw as much cash in one day as you could earlier.
However, there is no change in the limits for transactions made through e-commerce websites or contactless payments. These limits will remain the same.
Customers can set or reset their ATM withdrawal limits (within the new maximum limits) through:
Internet Banking
PNB One mobile app
IVR
WhatsApp Banking
New ATM Withdrawal Limits for Different Debit Cards
PNB has divided debit cards into two categories and reduced their limits.
First Category: New Limit ₹50,000 per Day
Earlier, these cards allowed withdrawals of up to ₹1 lakh per day. Now, the limit has been reduced to ₹50,000 per day.
Cards included in this category:
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 also had their limits reduced. Earlier, customers could withdraw up to ₹1.5 lakh per day. Now, the maximum withdrawal limit is ₹75,000 per day.
Cards included in this category:
RuPay Select Debit Card
PNB RuPay Select Excel
Visa Signature Debit Card
Mastercard Business Debit Card
How to Change 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 PNB One 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-Commerce, or POS limit) from the drop-down menu. Then click ‘Continue’.
Step 3: Enter your card number, expiry date, and card PIN. After filling in the details correctly, click ‘Submit’.
Step 4: On the next page, enter your new limit for ATM, Contactless, E-Commerce, or POS. Then 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 you want to update — ATM limit, POS limit, E-Commerce limit, or Contactless limit.
Step 4: Select the account number linked to your debit card from the drop-down list.
Step 5: Select your debit card and enter the new limit for ATM, POS, E-Commerce, or Contactless transactions.
Step 6: The next page will show your current limit and the new applicable limit. Enter the desired limit and click ‘Continue’.
Step 7: Enter your transaction password to confirm the request. Your limit will be updated successfully.
