Cash Withdrawal Limits at Punjab National Bank (PNB)
For individuals and businesses utilizing Punjab National Bank (PNB), understanding the cash withdrawal limits is crucial for managing your finances effectively. The limits can vary based on the type of account and the method of withdrawal, such as using an ATM, visiting a branch, using a cheque, or a cash withdrawal voucher. To ensure you have the most accurate and up-to-date information, it is recommended to check the official PNB website or contact their customer service directly.
Overview of Withdrawal Limits
The withdrawal limits for PNB can vary:
The daily withdrawal limit for savings accounts via ATMs is typically between Rs 10,000 to Rs 25,000 (Indian Rupees). The withdrawal limit for current accounts via ATMs is usually Rs 50,000 (Indian Rupees). For transactions at a base branch, the limit for a savings account is Rs 1 lakh (Rs 100,000) when the individual is present. For a current account, the limit is similarly Rs 1 lakh (Rs 100,000) when the individual is present. When using a cheque, the limit is subject to the bank's policies and may vary. For non-base branches, the limits are as follows: For home branches, there is currently no threshold limit as of the latest updates, subject to strict due diligence if a third-party payment is involved. For non-home branches, third-party cash payments are restricted: Savings account: Rs 50,000 (Indian Rupees) Current account: Rs 100,000 (Indian Rupees)Should you need to withdraw cash exceeding the specified limits, you will require a PAN (Permanent Account Number) or a cash voucher for amounts up to Rs 50,000.
Key Considerations
It is essential to note that the withdrawal limits can change based on specific circumstances, policies, and account types. Therefore, it is crucial to stay informed and check the latest policies from PNB to avoid any inconvenience during your transactions.
Withdrawal Methods
PNB offers several methods for cash withdrawals:
ATM Card: For cash withdrawals, the daily limit can vary depending on the type of account. Typically, savings accounts have a limit between Rs 10,000 to Rs 25,000, while current accounts can withdraw up to Rs 50,000 per day. Cheque: Cheque withdrawals are subject to the bank's policies and may involve additional verification steps. Cash Withdrawal Voucher: This method allows for higher limits and does not require a PAN, but you can only withdraw up to Rs 50,000 using a cash voucher.Conclusion
To ensure compliance and ease of transactions, always refer to the latest PNB policies on their official website or contact their customer service. For accurate and up-to-date information, PNB often implements circulars that detail changes and updates affecting withdrawal limits.
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