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.
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.