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PNB customers to pay extra charges after 5 free ATM transactions from October

The customers of Punjab National Bank have to shell out more money from October over withdrawal from ATMs after five transactions. 

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PNB customers to pay extra charges after 5 free ATM transactions from October
The revised charges will be effective from October.
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    The customers of Punjab National Bank have to shell out more money from October over withdrawal from ATMs after five transactions. 
    Currently, PNB account holders can make unlimited number of transactions without paying any additional cost. 

    "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," Punjab National Bank said in a notice to customers. 

    The bank in its note said that savings fund/current/overdraft account holders would all attract charges at Rs 10 per transaction beyond a limit of five times a month even if the PNB card holder makes the transaction at PNB ATM only. 

    In August 2014, Reserve Bank had rationalised the number of free ATM transactions that customers could do at own and other bank ATMs.

    For own bank ATM transactions, RBI had advised banks to give at least five free transactions (financial and non- financial) a month on savings accounts at all locations.

    (With inputs from PTI)

     

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