After 31 March, will the customers of OBC and United Bank of India not be able to transact online money? Bank responded to this

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After the merger of PNB (Punjab National Bank), will the customers of OBC and United Bank of India not be able to transact online money from 31 March? Let’s know all the things related to this …

PNB-Punjab National Bank, the country’s second largest state-owned bank of the country’s two largest state-owned banks, Oriental Bank of Commerce and United Bank of India (UNI-United Bank of India), with effect from 1 April 2020. ) Has been merged. Now OBC and UNI customers will be called PNB customers. That is why PNB is answering questions related to it.

PNB has tweeted that the news has been coming for the last few days, after March 31, the customers of OBC and United Bank of India will not be able to transact online money. This is not the case at all. All customers will be able to easily deal with money as before.

PNB says that OBC and UNI customers will need a new IFSC code to conduct online transactions. For this, they can contact the bank.

Know about United Bank of India…

United Bank of India Limited is one of the 14 major banks nationalized on 19 July 1969. Which was established in 1950 after the merger of four banks.

These four banks were Comilla Banking Corporation Limited (1914), Bengal Central Bank Limited (1918), Comillan Union Bank Limited (1922) and Hooghly Bank Limited (1932)

Know about the Oriental Bank of Commerce

The Oriental Bank of Commerce is a government bank. It was established on 19 February 1943 in Lahore (undivided India).

The founder and first chairman of the bank was the late Rai Bahadur Lala Sohan Lal. Four years after the establishment, the partition of India became two parts, that is, India and Pakistan.

In such a situation, the bank had to close all the branches of Pakistan and shifted its head office from Lahore to Amritsar in Punjab. The then chairman Lala Karam Chand Thapar also returned the entire money of all the depositors who were leaving from Pakistan.

The bank has seen many ups and downs since its inception. It is said that there was a time in the year 1970-76. When the bank had only 175 rupees of profit. Then preparations started to close the bank.

But the bank employees and union leaders managed to convince the bank owners. It can be brought back on the track of profit.

After this, the bank owners decided to move forward with the employees. This led to pleasant results and the bank’s performance improved significantly. This proved to be a milestone in the bank’s history. The bank became nationalized on 15 April 1980.

Also read: From next month, these rules will change with respect to income tax, if not known, loss will be done

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Bhagyashree Soni
Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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