If you have an account with the country's second-largest government bank -- PNB (Punjab National Bank), then this news is very important for you.
If you have an account with the country's second-largest government bank -- PNB (Punjab National Bank), then this news is very important for you.
PNB has stated that the old IFSC and MICR codes have been replaced by the bank. This means that these codes will not work after March 31, 2021.
1. PNB customers alert!
If you have an account with the country's second-largest government bank -- PNB (Punjab National Bank), then this news is very important for you.
2. IFSC/MICR codes replaced
PNB has stated that the old IFSC and MICR codes have been replaced by the bank. This means that these codes will not work after March 31, 2021.
3. Customers will have to get new codes
If you want to transfer money, then you have to get a new code from the bank. Only then you will be able to do the transaction.
4. PNB, OBC, UBI merger
On April 1, 2020, the government had merged the three banks of the country, Punjab National Bank, Oriental Bank of Commerce and United Bank of India. All branches of United Bank of India and Oriental Bank of Commerce are now functioning as branches of PNB. After this, the customers' cheque book, IFSC/MICR Code will be changed.
5. IFSC/MICR codes to work till March 31
The Punjab National Bank shared this information on Twitter. The bank has said that the old cheque book and IFSC/MICR code of Oriental Bank of Commerce and United Bank of India will work only till March 31, 2021. After this, you have to get a new code and cheque book from the bank.
Important Announcement regarding cheques and IFSC/MICR code | Take Note pic.twitter.com/BVM3Jug6DW
— Punjab National Bank (@pnbindia) January 23, 2021
6. Call toll free number for more information
After the merger of these banks, the codes and cheque books of both the banks have changed, for which the customers will have to go to the bank and get a new cheque book. Customers can also call the toll free number 18001802222/18001032222 for more information.