Punjab National Bank unveils prepaid ATM Debit card

Punjab National Bank (PNB) has launched ‘PNB Prepaid ATM Debit Card, Suvidha’ for withdrawing money, making purchases at various shops, commercial establishments, air and rail tickets, payment of utility bills and for online Internet transactions. It is the first of its type to be launched by a nationalized bank, can be recharged at any branch of PNB in the country and is similar to like recharging a prepaid mobile connection at any place.

The card is valid for 6 months to 36 months and can be issued to PNB customers already having any account and also to Non Customers subject to their KYC compliance as per RBI directions. Instead of carrying cash people can procure the prepaid ATM Debit Card with a minimum of Rs 500 and maximum of Rs 50,000 recharge.

Beside, the Prepaid Debit Card can be used at ATMs for 24x7 cash withdrawal, at POS outlets for making purchases and over the internet for e-commerce transactions and payment of utility bills etc.