come october, Punjab National Bank (PNB) said that the account holders have Oriental Bank of Commerce (OBC) and United Bank of India will see the existing Cheque Book has been closed. This was announced in an official tweet from the lender’s Twitter handle in early September. In the notification, Punjab National Bank said that the new change will come into effect from October 1, 2021. With the next calendar month, customers have been requested to replace their old check book at the earliest so as to avoid future hassles while using their check book.
The tweet released from his official Twitter account read: “Old check book of EOBC and EUNI is going to be closed from 1-10-2021. Please replace your old check book of e-OBC and e-UNI with PNB check book with updated PNB IFSC and MICR.
In the same post, the bank said that the respective bank account holders with the above mentioned lenders can make the necessary changes in a few different ways. For one, account holders can apply for a new check book through a local bank branch. Alternatively, customers can also make changes through Automated Teller Machines (ATMs), Internet Banking, PNB One or official call centers of the respective banks.
“Receive your new check book from your branch or apply through ATM/IBS/PNB One. All customers are requested to use the new PNB check book with only PNB IFSC and MICR updates from now onwards to avoid any transactional inconvenience. For any assistance or query please contact our toll-free number 1800-180-2222,” Punjab National Bank said on its tweet.
These changes have come in the light of the merger, in which both Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank in April 2020.
Additional Changes by Punjab National Bank
The list of new changes coming next month doesn’t stop here. Punjab National Bank had also announced that it would waive off all service charges and processing charges on retail products as part of its festive season offer. With this, the bank is offering attractive interest rates starting from 6.80 per cent on Home Loan and 7.15 per cent on Car Loan.
In terms of fee waiver, it will be applicable on all service charges and processing fees/documentation charges on retail products such as home loans, vehicle loans, property loans, pension loans, personal loans and even gold loans. It is to be noted that the home loan will come with a top-up with an attractive interest rate. The lender said these facilities and offers will be available till December 31, 2021.
Allahabad Bank check book changes in October
Similar to the changes being made by the above mentioned banks, Allahabad Bank is another lender which is going to discontinue the check book and MICR code for its account holders from next month. This was also announced in a Twitter post from the official Twitter handle of the bank, which stated that the changes would be effective from October 1, 2021. The tweet was earlier released on July 31, 2021, which gave a huge window to the account holders of this bank. Time than Punjab National Bank.
The bank asked its customers to obtain fresh check books from their nearest branches or apply for them through internet banking or mobile banking.
“Enjoy smooth banking transactions without any disturbances. MICR code and check book of erstwhile Allahabad Bank will be closed from 01.10.2021. Get a new check book from your nearest branch or apply through Internet Banking / Mobile Banking,” the bank said in its tweet notification.
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