The Indian Financial System Code (IFSC) is a unique code used to identify every bank branch in India. The IFSC code is essential for making online transfers. Recently, the United Bank of India has changed its IFSC code for its branches located in Punjab, India. This article will explain the impact of this change on Punjab National Bank customers.
United Bank of India Changes IFSC Code
The United Bank of India has recently announced that it is changing the IFSC code of its branches located in Punjab, India. This change is necessary in order for the bank to comply with the guidelines of the Reserve Bank of India (RBI). The new IFSC codes will be effective from April 1st, 2021.
Impact on Punjab National Bank Customers
The IFSC code change will have an impact on the customers of the Punjab National Bank. These customers will need to update their IFSC code in order to make online transfers to the United Bank of India. The customers must use the new IFSC code provided by the United Bank of India in order to make successful transactions. Additionally, customers must ensure that the IFSC code provided by the United Bank of India is correct before initiating any online transfers.
In conclusion, the United Bank of India has changed its IFSC code for its branches located in Punjab, India. This change will have an impact on the customers of the Punjab National Bank, who will need to update their IFSC code in order to make successful online transfers. It is important for customers to ensure that the IFSC code provided by the United Bank of India is correct before initiating any online transfers.
