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PNB Account Holder? Do this before March 31 or you won't be able to transfer money

By Lokmat English Desk | Updated: March 7, 2021 15:00 IST

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PNB account holders must do this to ensure they are not inconvenienced and do it before the last day.
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There is an alert for Punjab National Bank (PNB) account holders. This is regarding IFSC-MICR Code.
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Punjab National Bank has announced that it has changed the old IFSC-MICR Code and these will stop working from March 31, 2021.
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If you have a cheque book or plan to transfer money and do any banking related transaction or work, you will have to ensure that you use new IFSC-MICR Code, wherever required.
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For this, you will have to take these codes from PNB to continue transacting without any problem.
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Earlier on April 1, 2020, the government had merged three public sector banks—Punjab National Bank, United Bank of India and Oriental Bank of Commerce.
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Once the changes in PNB IFSC-MICR Code is made, changes in cheque books of account holders will also be done. Informing about changes, Punjab National Bank (PNB) tweeted, ' All transactions with current IFSC/MICR code will be honoured till March 31, 2021. Post March 31, 2021, you will need to ensure for NEFT and RTGS services, you shall use the new IFSC/MICR code only. '
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'Please also note that your current erstwhile eOBC/eUNI cheque book will remain valid until March 31, 2021.
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Further you are requested to get the new cheque book from your branch, including replacement of post-dated cheques issued in your eOBC/eUNI account, latest by March 31, 2021.
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Cheques already issued shall remain valid and honored on presentation, if otherwise in order till March 31, 2021, ' It further wrote. For further details about IFSC-MICR Code and cheque book, the customers can visit the nearest branch or can reach out to bank representatives at toll free number 18001802222/18001032222.
Tags: Punjab National Bank
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