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<ul><li>The Punjab National Bank (PNB) has introduced a new One Time Password (OTP) system for account holders looking to withdraw cash from ATMs.</li><li>However, the OTP verification is only required for withdrawals of over ₹10,000.</li><li>Withdrawals of over ₹10,000 will also only be permitted between 8:00 am to 8:00 pm. </li></ul>After India’s largest public sector bank, the State Bank of India (SBI), brought in new rules for how customers could withdraw from ATMs, the Punjab National Bank (PNB) is following suit. The new rules come into effect today, but you only have to worry about the change if you plan to withdraw more than ₹10,000 at a time. Changes to PNB’s ATM rules Starting December 1, PNB account holders will now need a One Time Password (OTP) to withdraw cash of ₹10,000 or above from ATMs. Withdrawals of amounts greater than ₹10,000 will also only be available between 8:00 am to 08:00 pm. This means that if any customer has changed their registered mobile number, they will need to update their details with the bank in order to withdraw money. How to use PNB’s new OTP-based system? <ul><li>If you’re looking to withdraw more than ₹ 10,000 from an ATM, make sure you’re carrying your mobile phone with you. </li><li>Once you check-in at a PNB ATM, insert your debit/ATM card.</li><li>Enter the required details on the screen. </li><li>An OTP will be sent to your mobile phone to verify your identity. </li><li>Enter the OTP on the ATM machine.</li><li>If the OTP is approved, the cash will be released. </li></ul>SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/pubg-mobile-india-is-still-fighting-its-ban-as-indigenous-clone-fau-g-makes-its-debut/articleshow/79503526.cms">PUBG Mobile India is still fighting its ban as indigenous clone FAU-G makes its debut</a> <a href="https://www.businessinsider.in/business/startups/news/kunal-shah-cred-raises-80-million-valuation-doubles-to-800-million-for-the-just-two-year-old-startup/articleshow/79502864.cms">Kunal Shah’s CRED raises $80 million — valuation doubles to $800 million for the just two-year old startup</a> <a href="https://www.businessinsider.in/science/space/news/new-technology-to-create-fuel-and-oxygen-on-mars-could-help-humans-explore-the-deep-sea-here-on-earth/articleshow/79504876.cms">New technology to create fuel and oxygen on Mars could help humans explore the deep sea here on Earth</a>

After SBI, PNB brings in new rules to withdraw cash from ATMs

<keyword id="62034" type="CITY" weightage="20" keywordseo="Punjab-National-Bank">Punjab National Bank</keyword> (<keyword id="47268" type="ORGANIZATION" weightage="20" keywordseo="PNB">PNB</keyword>) Maestro debit cards holders will face a card blockage if they fail to replace it with a more secure <keyword id="726464" type="ORGANIZATION" weightage="20" keywordseo="EMV">EMV</keyword> chip based card by the end of this month, according to PTI news report. The bank will not charge anything for the replacement and it will be provided free of cost. "If you are having Maestro debit card, git replaced free of cost with a new EMV chip based debit card from any PNB branch. All Maestro cards issued by PNB will be blocked or hotlisted on July 31, 2017 for security based reasons," the bank said in a communication to its customers. The replacement is as per RBI advisory issued in 2015, asking all the banks to migrate to a much secured EMV chip based cards, an official of the bank said. The bank has identified that there are about one lakh customers with old Maestro debit cards and has started sending them SMSes as well, an official of the bank said. Presently, PNB's card base stands at around 5.65 crore. "However, we have excluded those customers who are not using these Maestro debit cards at all with not even a single transaction in a year as making of cards involves cost as well as time," the official said. As per RBI advisory, existing magnetic stripe only cards need to be replaced with EMV chip and pin based cards by December 31, 2018, irrespective of the validity period of the cards. And from January 31, 2016 onwards, banks are directed to issue only EMV based debit and credit cards. Card replacement is important, keeping in mind digital drive of the government that has led to a drastic rise in debit card usage. "Now, people are taking interest in using debit cards. Young generation definitely use it, but people over 40 years of age are also using it and taking help from children to learn card usage," the official said.1

This is why PNB Debit cards will get blocked after 31 July

Is it a car? Is it a taxi? Or is it an ATM? It’s just another <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> Cab fitted with ATM. 
 After petrol pumps, cash can now be withdrawn by swiping debit cards at select Ola cabs as India's largest ride-hailing service partners with lenders like <keyword id="6354731" type="CITY" weightage="20" keywordseo="State-Bank-Of-India">State Bank of India</keyword> (SBI) and <keyword id="62034" type="CITY" weightage="20" keywordseo="Punjab-National-Bank">Punjab National Bank</keyword> to ease cash crunch, according to a news report by an agency. 
 
With banks and ATMs not being able to cope with the rush for access to lower denomination or new currency after old Rs 500 and 1,000 notes were banned, cash dispensing through swipe of debit cards at POS machines was introduced at around 3,700 petrol pumps. 
 The same is being replicated by Ola on a test basis in its cabs in <keyword id="6354925" type="COMPANY" weightage="20" keywordseo="Kolkata">Kolkata</keyword> and Hyderabad where taxis with a bank officer and POS machine are parked at different locations and dispense cash of Rs 2,000 per card. 
 Ola Chief Operating Officer <keyword id="2904207" type="UNKNOWN" weightage="20" keywordseo="Pranay-Jivrajka">Pranay Jivrajka</keyword> told that the initial response has been tremendous and the company was exploring with banks to expand this service to other cities with cash being dispensed on the go rather than current experiment of cars being parked at a particular busy point. 
 In Kolkata, Ola has partnered with Punjab National Bank (<keyword id="47268" type="ORGANIZATION" weightage="20" keywordseo="PNB">PNB</keyword>), while for Hyderabad, it has collaborated with SBI and <keyword id="6358006" type="CITY" weightage="20" keywordseo="Andhra-Bank">Andhra Bank</keyword>. "The week-long activity, that is already servicing thousands of citizens, will continue till end of the month. It (cabs) will visit areas like Chandni Chowk Metro Station, Esplanade Metro, Barabazaar, Salt Lake, Exide and <keyword id="2668672" type="UNKNOWN" weightage="20" keywordseo="Rashbehari">Rashbehari</keyword> (in Kolkata)," he said. 
 Cars carrying POS machine are servicing citizens in popular areas in Hyderabad like <keyword id="184466" type="COMPANY" weightage="20" keywordseo="KBR">KBR</keyword> Park, JNTU, Inorbit Mall over the weekend, he added. 
 
"We are also looking at flagging off the programme in other key cities, including Delhi. The banks are providing on-ground executives to enable people withdraw cash seamlessly," he said. 
 
Following the government's move to scrap old Rs 500 and Rs 1,000 notes earlier this month, there have been serpentine queues at banks and ATMs as people lined up to withdraw valid currency. 
 
There have been demands for setting up more mobile ATMs across the country and also refilling them more often as there seems to be a crunch of liquid cash given the long queues. 
 
Ola, which has its mobile wallet service, claimed it has seen 1500 per cent growth in recharge of 'Ola Money'. 
"The number of trips paid in cash has certainly gone down. More people are now paying using digital platforms like Ola Money and credit/debit cards," he said.

You can now swipe
card and collect cash on Ola Cabs

New Delhi, May 10 () At a time when the spread of COVID-19 has made social distancing a buzzword, banks have increased their reliance on social media to engage with their customers -- may it be for disseminating information or for dispelling their boredom. The government imposed a 21-day countrywide lockdown beginning March 25 to check the spread of coronavirus, and extended it twice, prompting business entities including banks to get innovative on social media. Among the noteworthy initiatives by banks during the lockdown, HDFC Bank came out with a scheme to help its customers find their hidden artistic talent. "Tired of staying home and having nothing to do? HDFC Bank Fingage presents The Art Project, to give you a #BreakFromBoredom! Unlock your creativity during the lockdown &amp; stand a chance to win exciting prizes!," tweeted the bank, trying to engage its customers during the lockdown. Punjab National Bank (PNB) has come up with a contest on the Mother's Day with a catchy slogan, "For her, you will always remain a child." Since the lockdown has made online banking more vulnerable to fraudsters, several banks are regularly warning their customers against possible frauds. "Beware of fraudsters who pose as bank officials and scam people by gaining remote access to their mobile phone screens through an app. Inform us when you identify a scamster through e-mail: epg.cms@sbi.co.in &amp; report.phishing@sbi.co.in," tweeted SBI. Similar warnings were issued by a few other lenders. "Fraudsters find new ways to target innocent people. And this time, they are targeting through banking and other payments apps to steal your hard-earned money. Be careful and keep following the #PNBKaFunda to learn the ways to avoid them," PNB tweeted. Another public sector major Canara Bank warned its customers in a tweet, "Don't get hooked by #Phishing! Always check before you click on any links. Be cautious about opening any attachments or downloading files received via email/sms , if source is unknown." A few banks have also come up with 'lockdown offers' for their customers. HDFC Bank offered discount on purchase of jewellery on Akshaya Tritya with a promise that part of the money would go to PM Cares Fund. "This Akshaya Tritya, buy jewellery from the safety of your home, with HDFC Bank Credit Cards! With every purchase above Rs.10,000, we will contribute Rs. 100 to the PM Cares Fund and you earn 5X Reward Points," HDFC Bank tweeted. Union Bank of India has offered discount on purchase of medicine. "In this difficult time, it's easy to save some cash on your pharmacy bill. Just use #UnionBankofIndia cards at your nearest Apollo Pharmacy Store to get up to 15% off," UBI said in a tweet. SBI gave a similar offer to its customers: "Get a health check from the comfort of your home with Apollo 24/7. Earn great discounts on key lab tests via YONO SBI app." Some banks are telling customers how they are tweaking services to suit the times. Union Bank of India informed its customers that for the time being there would be no charge on withdrawal of funds from ATMs of other banks. "To ease the lockdown burden, Debit card ATM withdrawals from any other bank ATMs will be free of charge till 30th June 2020," the bank said in a tweet. Banks are also making sure people in rural areas do not crowd the branches for direct benefit transfers. The country's largest lender SBI informed that the second installment of Rs 500 had been deposited in the accounts of female Pradhan Mantri Jan Dhan Yojana account holders under Pradhan Mantri Garib Kalyan Yojana. It also provided a schedule for withdrawal of funds by them so that social distancing norms are not breached. NKD CS RVK

Banks find new ways to amuse and inform during lockdown

<keyword id="6358006" type="COMPANY" weightage="20" keywordseo="andhra-bank">Andhra Bank</keyword> has been serving Indian customers since 1923. Headquartered in Hyderabad, Andhra Bank is one of the most popular banks in the country with a large customer base. The customers of Andhra Bank have several easy and quick methods to check their account balance without visiting the bank physically. Read on to know some simple ways to check <keyword id="9083519" type="UNKNOWN" weightage="20" keywordseo="Andhra-Bank-account">Andhra Bank account</keyword> balance. Missed call method to check account balance To check your Andhra Bank account balance using the missed call method, you just need to give a missed call from your registered mobile number to 09223011300. After a few rings, the call will automatically get disconnected and you will get an instant SMS stating your account balance. Internet banking to check the balance Andhra Bank provides an internet banking facility to its customers. You can visit the Bank’s internet banking site and login using your credentials. Once you land on your account page, navigate to Accounts and then inquire. Choose ‘Account Summary’ option and select Actions and then click on ‘Account Statement’. Mobile banking method to check the balance Andhra Bank provides mobile banking facility for its customers. AB Tej and Andhra Bank e-Passbook are two innovative and customer-friendly apps provided by Andhra Bank to check your account balance and also perform some easy banking and financial activities online. Some banking and financial functions you can perform on the mobile app include balance check, mini statement, cheque book request, fund transfers, and others. Download and install any one of these apps on your phone and register for the online services. You can easily check your account balance from time to time on these mobile apps. Toll free enquiry number to check account balance Andhra Bank provides a toll-free number to check account balance. From your registered mobile number, dial 1800 425 1515. Once you dial this number, you will be asked to select your language. You can use this telebanking service to check your account balance, get account statements, and carry out some easy banking and financial activities. Andhra Bank’s telebanking facility is available to customers between 10.00 am to 5.00 pm on all working days. On the second and fourth Saturdays, this service is not available. Check account balance at the ATM Andhra Bank provides a number of ATMs across the country for its customers. You can visit the Andhra Bank ATM to check your account balance and also perform some banking and financial activities. In fact, Andhra Bank customers can use any bank’s ATM to check their account balance and perform some financial transactions. To check you balance, insert your debit card in the slot provided. Input your PIN and follow the instructions. Select the ‘Account balance’ option and you will find your account balance information displayed on the screen. You can also get your account balance information printed by the ATM machine. Passbook Andhra Bank provides a passbook for all its customers while opening the account. You need to update the passbook entry by visiting the bank or the passbook printing kiosks set up by the bank in different sites. The passbook will have all the information about your account with the bank. Once it is updated, you will see the latest transactions done on your Andhra Bank account. See Also - <a href="https://www.businessinsider.in/finance/news/how-to-check-account-balance-in-icici-bank/articleshow/74169469.cms">How to check Account balance in ICICI Bank</a> <a href="https://www.businessinsider.in/personal-finance/news/how-to-activate-the-new-state-bank-of-india-atm-card-online/articleshow/74965906.cms"></a><a href="https://www.businessinsider.in/steps-to-check-account-balance-in-sbi/articleshow/69607243.cms">How to check account balance in sbi</a> <a href="https://www.businessinsider.in/personal-finance/news/how-to-check-account-balance-in-pnb/articleshow/74135649.cms">How to check account balance in pnb</a>

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After SBI, PNB brings in new rules to withdraw cash from ATMs

BI India Bureau

This is why PNB Debit cards will get blocked after 31 July

BI India Bureau

You can now swipe card and collect cash on Ola Cabs

BI India Bureau

Banks find new ways to amuse and inform during lockdown

PTI

How to check Andhra Bank account balance from enquiry number

BI India Bureau

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