Cheque Book, IFSC Code Of These Govt Banks Will Stop Working From October 1: How To Upgrade? Next Steps For Customers?

Cheque Book, IFSC Code Of These Govt Banks Will Stop Working From October 1: How To Upgrade? Next Steps For Customers?

When any organization gets absorbed by another organization, we can expect a sleuth of changes in the operation of the organization. A similar thing is happening in public sector banks which were merged last year. For the case in point, it should be noted that the Oriental Bank of Commerce and the United Bank of India were merged with Punjab National Bank back in April of 2020.

And now Punjab National Bank has announced some major changes.

New Chequebooks for PNB Customers

By making a tweet, PNB alerted its customers and account holders of a new change. From next month onwards the bank has stated that the existing chequebooks of the Oriental Bank of Commerce (OBC) and United Bank of India will not be accepted. The lender said that this change would come into effect from October 1, 2021. Along with that, the Punjab National Bank has also requested its customers to replace their old chequebooks as soon as possible.

The tweet that was issued from their official Twitter account read: “The old cheque book of eOBC and eUNI are going to be discontinued from 1-10-2021. Please replace your old chequebook of e-OBC and e-UNI with the PNB cheque book with updated PNB IFSC and MICR.”

It also informed customers about the ways with which they can apply for a new chequebook. The bank stated that you can apply for your new chequebook through either ATM, internet banking, PNB One, or via a call centre.

“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,” the bank said in its Tweet.

The Bank is gearing up for the festive season

As the festival season rounds the corner, PNB has decided to waive all service charges and processing fees on retail products as part of the holiday season offers. The bank will also be waiving the documentation charges on its retail products. The list of retail products includes home loans, vehicle loans, property loans, personal loans, pension loans, and even gold loans.

The bank offers a refreshed interest rate starting from 6.80 percent on home loans. For car loans, the bank offers an interest rate of 7.15 percent. Also, the bank will also be offering an attractive interest rate for its home loan top-up.

The customers will be able to avail of these offers till the end of this year, i.e., December 31, 2021.