Punjab National Bank (PNB) has extended the validity of cheque of account holders in Oriental Bank of Commerce (OBC) and United Bank of India by three months. Account holders will now be able to use their old cheque books till end on June 30. Earlier, PNB stated that the existing cheque books of Oriental Bank of Commerce and United Bank of India will be invalid from April 1 — the day new financial year begins.
The bank had directed the customers to update their details such as mobile number, address, nominee and other to obtain a new cheque book and passbook.”Dear e-OBC/e-UNI customers, please get new PNB cheque book issued through branch/internet banking/mobile banking service/ATM. Please note that your e-OBC/e-UNI cheques will remain valid only up to 30th June, 2021. e-OBC/e-UNI cheques already issued (post-dated) shall remain valid only up to 30th The bank had asked customers to update their details such as mobile number, address, nominee and other to obtain a new cheque book and passbook.”Dear e-OBC/e-UNI customers, please get new PNB cheque book issued through branch/internet banking/mobile banking service/ATM. Please note that your e-OBC/e-UNI cheques will remain valid only up to 30th June, 2021. e-OBC/e-UNI cheques already issued (post-dated) shall remain valid only up to 30th June, 2021,” the bank stated in a tweet.
Also Read: Centre revokes revised Interest Rates on PPF, NSC, Savings Deposits Cut: Details Inside
Oriental Bank of Commerce and United Bank of India have amalgamated with Punjab National Bank with effect from April 1, 2020. Punjab National Bank is India’s second largest public sector bank. The bank previously issued a new IFSC code and MICR for the account holders of OBC and United Bank of India.
Also Read: Bank Holidays: Banks to remain closed for 15 days in April 2021
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/