Current Affairs - Banking - Discussion

Punjab National Bank (PNB) has introduced the 'Safety Ring' security feature to combat rising cyber fraud incidents. This optional mechanism allows customers to set daily transaction limits for term deposits (TDs) specifically for online closures or overdraft facilities. By enabling customers to define these limits, PNB aims to provide an additional layer of protection against unauthorized access and potential financial losses. The initiative underscores PNB's commitment to enhancing security measures for its internet and mobile banking users.