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PNB Bank changed the rules: customers get new IFSC code and checkbook before April 1, otherwise there will be trouble in the transaction of money

Posted on January 25, 2021January 25, 2021 by Nidhi Malviya

PNB Bank informed its customers on social media that the old checkbook and IFSC / MICR code of Oriental Bank of Commerce and United Bank of India will work only till 31 March. After this, customers will have to issue a new code and checkbook from the bank.

From April 1, Punjab National Bank or PNB Bank, the country’s second largest government bank, is going to change some rules. According to the information, PNB is changing the old IFFC and MICR codes of its customers from April 1. This means that these codes will stop working from 31 March onwards.

Bank gave information through social media

PNB Bank has given this information to its customers through social media. After this, customers will have to issue a new code and checkbook from the bank.

With this, PNB customers will not be able to withdraw money from non-EMV ATM machines from February 1. Actually, this step has been taken by PNB Bank in view of increasing fraud cases.

Non-EMV ATMs or non-EMV ATMs are those in which ATM or debit card is used at the time of transaction. It simply swaps a card once in the beginning. In these machines, the card is read through a magnetic strip. At the same time in the EMV machine, the card goes inside for a few seconds.

Nidhi Malviya

Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.

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