Saturday, April 10, 2021

PNB account holder? Alert! Do this before March 31 or you won’t be able to transfer money

PNB account holders should do that to make sure they aren’t inconvenienced and do it earlier than the final day. There may be an alert for Punjab Nationwide Financial institution (PNB) account holders. That is relating to IFSC-MICR Code. Punjab Nationwide Financial institution has introduced that it has modified the previous IFSC-MICR Code and these will cease working from March 31, 2021.

If in case you have a cheque e book or plan to switch cash and do any banking associated transaction or work, you’ll have to be sure that you use new IFSC-MICR Code, wherever required. For this, you’ll have to take these codes from PNB to proceed transacting with none drawback.  

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Earlier on April 1, 2020, the federal government had merged three public sector banks—Punjab Nationwide Financial institution, United Financial institution of India and Oriental Financial institution of Commerce.  

As soon as the adjustments in PNB IFSC-MICR Code is made, adjustments in cheque books of account holders can even be carried out.

Informing about adjustments, Punjab Nationwide Financial institution (PNB) tweeted, ” All transactions with present IFSC/MICR code can be honoured until March 31, 2021. Put up March 31, 2021, you’ll need to make sure for NEFT and RTGS providers, you shall use the brand new IFSC/MICR code solely. ”  

“Please additionally notice that your present erstwhile eOBC/eUNI cheque e book will stay legitimate till March 31, 2021. Additional you’re requested to get the brand new cheque e book out of your department, together with alternative of post-dated cheques issued in your  eOBC/eUNI account, newest by March 31, 2021. Cheques already issued shall stay legitimate and honored on presentation, if in any other case so as until March 31, 2021, ” It additional wrote.  

For additional particulars about IFSC-MICR Code and cheque e book, the  prospects can go to the closest department or can attain out to financial institution representatives at toll free quantity 18001802222/18001032222.

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