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Cheque books of THESE banks will be deemed invalid from October - Check details

The Allahabad Bank has also said that it would discontinue the cheque books and the MICR code for its account holders starting from October.

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Issuing an important alert for its customers, Punjab National Bank (PNB) has said that it will discontinue cheque books of Oriental Bank of Commerce (OBC) and the United Bank of India starting October 2021. 

PNB had first announced the same earlier in September via its Twitter account. In its notification, PNB had said, "The old cheque book of eOBC and eUNI are going to be discontinued from 1-10-2021. Please replace your old cheque book of e-OBC and e-UNI with the PNB cheque book with updated PNB IFSC and MICR."

Notably, Oriental Bank of Commerce (OBC) and the United Bank of India were merged with PNB on April 1, 2020. 

In the same tweet, the Punjab National Bank had also advised two ways in which account holders can make the necessary changes. 

  1. Issue new cheque books from their local PNB branch. 
  2. Apply for a new cheque book through an ATM, using internet banking or PNB One, or by contacting customer care. 

The tweet read, "Get your new cheque book from your branch or apply through ATM/IBS/PNB ONE. All customers are requested to use the new PNB Cheque Book with updates PNB IFSC and MICR only from now onwards to avoid any transactional inconvenience. Please contact our toll-free number 1800-180-2222 for any assistance or query." 

Punjab National Bank - Additional Changes 

PNB has also dismissed all service charges and processing fees on retail products amid the festival season and is also offering an interest rate starting at 6.80 percent on home loans and 7.15 percent on car loans.

PNB has said that these facilities and offers would be available till December 31, 2021.

Cheque book changes in October - Allahabad Bank 

In addition to Punjab National Bank, the Allahabad Bank has also said that it would discontinue the cheque books and the MICR code for its account holders starting from October. 

Allahabad Banks asked its account holders to issue new cheque books via their nearest local branch or apply for them through the internet or mobile banking. 

In its tweet, the bank said, "Enjoy smooth banking transactions without any glitch. The MICR code and cheque books of the erstwhile Allahabad Bank will be discontinued from 01.10.2021. Get new cheque books from your nearest branch or apply through internet banking/mobile banking."

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