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PNB account holders should do this work by 31 March, otherwise they will not be able to use…

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PNB account holders should do this work by March 31, otherwise they will not be able to use…

new Delhi. The country’s second largest government bank PUNJAB NATIONAL BANK (PNB) has appealed to its consumers to take the new IFSC (Indian Financial System Code) and checkbook (CHEQUE BOOK) by 31 March. Otherwise they will not be able to avail banking from April 1.

In fact, on 1 April 2020, many banks of the country merged. In which the merger of ORIENTAL BANK OF COMMERCE (OBC) and UNITED BANK OF INDIA took place in PUNJAB BANK OF INDIA. There have been many changes in the banking system since then. Because of this, PNB has asked customers of both these banks to get a new IFSC / MICR and CHEQUE BOOK.

PNB account holders should do this work by March 31, otherwise they will not be able to use…

According to the bank, if you do not do this by 31 March 2021, then you will be away from the use of banking system and transactions. That is, these codes will not work after 31 March 2021. If you want to transfer money, then you have to get a new code from the bank.

Information provided through social media

Punjab National Bank has given this information through social media. The bank has said that the old checkbook and IFSC / MICR code of Oriental Bank of Corse and United Bank of India will work only till 31 March. After this, you have to get a new code and checkbook from the bank. Customers can also call the toll free number 18001802222/18001032222 for more information.

There will be a change in the rules for withdrawing money from ATM from February 1

From February 1, Punjab National Bank customers will not be able to withdraw money from non-EMV ATM machines. The PNB has taken this step in view of increasing cases of fraud. Non-EMV ATMs or non-EVM ATMs are those in which an ATM or debit card is not used during the transaction, all you have to do is swap a card once in the beginning. In these machines, the card is read through the magnetic strip. Whereas in EMV machine, the card is also locked for a few seconds.

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CBI: United kingdom requires ‘COBR for business’ as overall economy lurches into disaster

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CBI: UK needs ‘COBR for business’ as economy lurches into crisis

B

ritain’s top company team has termed on the govt to established up an unexpected emergency task drive at the coronary heart of governing administration to deal with the cluster of ongoing crises that are threatening to derail the Uk’s economic restoration.

The Confederation of British Business (CBI) said the federal government requires to set up a ‘COBR’-fashion undertaking drive to assist the economic system, referencing the Cabinet Office environment Briefing Area emergency groups that are convened to tackle major crises like floods and terrorist assaults.

“After speaking with hundreds of small business leaders this week it is clear there’s a full state of mind change from developing to coping,” mentioned Tony Danker, director basic of the CBI. “This is now a major menace to our recovery, and the Federal government requires to action up its response to a new stage of both pace and boldness.”

Britain is struggling with a variety of interlinked financial crises, mainly stemming from a combination of Brexit and the pandemic.

The economic system at large has more than 1 million vacancies as businesses wrestle to fill work. Gurus blame a combination of Brexit and the pandemic — equally of which led lots of overseas staff to return to their home international locations — and a competencies mismatch, which a lot of staff obtaining the erroneous skills for the work obtainable.

“While numerous of these problems are world in mother nature, the options we have to have are local,” Danker mentioned.

He named for temporary visas to enable overseas staff to assistance plug gaps in the financial state. Danker also urged the govt to supply assist for the vitality marketplace and industrial suppliers to deal with the strength selling price crisis.

“Establishing a crisis administration Taskforce to go quickly – with the two enterprise and government around the table – will assure Federal government is much a lot more educated about the nature and scale of the difficulties can formulate responses speedy and is equipped to get the assist of the Prime Minister and the Cabinet to get motion necessary,” he mentioned. “We stand all set to help the Government to do this.”

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