PNB to update debit card charges on declined transactions due to insufficient balance at PoS machines, eComm transactions

Punjab National Bank (PNB) will update its charges on debit cards for declined transactions due to insufficient balance at PoS machine, eComm transactions from December 6, 2023, according to the PNB website.As per the website, “Dear Customer, Bank is in process of implementing the changes w.e.f 6-12-23 – Bank will start levying charges on declined Transactions due to insufficient balance at PoS machine and eComm Transactions (Domestic/International) done through Debit Card.”PNB hikes FD interest rates on select tenures by up to 50 bps; these investors can earn 8.05% The bank as of now charges Rs 15 for transaction declined due to insufficient balance for debit cards as per website….
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Source: https://m.economictimes.com/wealth/save/pnb-to-update-debit-card-charges-on-declined-transactions-due-to-insufficient-balance-at-pos-machines-ecomm-transactions/amp_articleshow/105252621.cms