Hyderabad/New Delhi, July 9 (Reporter) In response to the increasing number of cyber frauds, Punjab National Bank (PNB), the nation’s leading public sector bank, on Tuesday announced that it has introduced a new security feature ‘ Safety Ring’ within its Internet Banking System (IBS) and Mobile Banking System (MBS). This mechanism provides an additional safety layer to minimise potential losses in case of unauthorised access by fraudsters, the bank said in a release. Safety Ring is an optional feature that allows customers to set a daily transaction limit concerning term deposits (TD) on online closure or availing overdraft facility on TD up to the set limit amount. The limit set by the customer shall be the consolidated digital channels limit up to which the customer can close the TD or avail overdraft facility on TD. Customers can set the Safety Ring limit through branches or online via IBS/MBS...////...