Bank Rules: This is an important news for the customers of State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB). Banks have given information about this to their account holders many times.
New Delhi. Bank Rules: This is an important news for the customers of State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB). Actually, the necessary rules related to all these banks are going to change. According to the latest information, these rules will be applicable for bank account holders from February 1, 2022. Banks have given information about this to their account holders many times. Banks have asked the account holders to pay special attention to these rules.
Bank of Baroda rules change
From February 1, Bank of Baroda is going to change the rules related to the Cheque Clearance Rule. According to the information given by the bank, for cheque payment from February 1, customers will have to follow the Positive Pay System. This means that now customers will have to send the information related to that cheque to the bank after issuing their cheque. If you issued the cheque and did not inform it, then your cheque can be sent back, meaning it will not be able to be cashed. Can be given through SMS, Mobile App, Internet Banking and ATM.
One thing to note here is that this is only for cheques with an amount of 10 lakhs or more. If you have given a small amount cheque to someone, then you do not need to follow this process. Explain that RBI has issued this new rule to protect against fraud. Many banks have applied for it.
Change in rules of Punjab National Bank
Punjab National Bank (PNB) is also going to change a rule. From February 1, if the debit of any of your installments or investments fails and the reason for this is that there is no money in your account, then it will cost you dearly. For this you will have to pay a fee of Rs 250. Till now, only 100 rupees were charged for this. Apart from this, if you cancel or cancel the demand draft, now instead of 100, you will have to pay 150 rupees.
State Bank Of India Rules
If you are a customer of State Bank of India (SBI), then now it is going to be costly for you to transfer money. According to the SBI website, the bank has added a new slab in IMPS transactions (IMPS) with effect from February 1, 2022, which ranges from Rs 2 lakh to Rs 5 lakh. From next month between Rs 2 lakh to Rs 5 lakh, the fee for sending money through IMPS from bank branch will be Rs 20 plus GST.