Punjab National Bank on Wednesday said it will not put a cap on number of free ATMs transactions for its saving account customers.
“Punjab National Bank has decided not to charge its own customers and shall continue giving free transactions to all Saving Bank Account cardholders using PNB ATMs irrespective of the number of transactions,” it said in a statement.
The RBI recently advised that at least five free transaction (inclusive of financial and non financial transactions) per month should be permitted to the saving bank account customers for use of own bank ATMs.
The number of mandatory free ATM transactions for Saving Bank Account Customers at other Bank ATM located at six metro cities has been reduced from present 5 to 3 transactions per month.
