Punjab National Bank (PNB) has decided to continue giving free transactions to all saving bank account cardholders using PNB ATMs, irrespective of the number of transactions. The Reserve Bank of India (RBI) had advised that at least five free transactions (inclusive of financial and non-financial transaction) per month should be permitted to the savings bank account holders for use of own bank ATMs.
The bank has gone beyond this norm to provide value added services to its own customers.Punjab National Bank is one of the oldest banks in India having a virtual presence in every important center of the country. The bank has over 35 million customers through 4540 offices including 421 extension counters, out of which 2/3 of its branches in rural and semi rural areas-the largest among nationalized banks, which makes it enjoy one of the highest penetration rate of banking activities in the country.
