Punjab National Bank is making some changes in its rules from next month. From February 1, if there is no money in your debit account with any installment or investment and due to this it fails, then you will have to pay a separate charge of Rs 250.
Big changes are going to happen from 1st February. If your account is in SBI, PNB and Bank of Baroda (Bank of Baroda-BoB) then they are linked to your pocket. While SBI-PNB is going to make changes in the transaction fee, while Bank of Baroda is going to change the rules related to payment by its cheque.
SBI will charge more
If you are an SBI customer, then transferring money from February 1 is going to cost you dearly. The bank has added a new slab for IMPS transactions. It is from 2 lakh to 5 lakh rupees. Accordingly, from February 1, you will have to pay a tax of Rs 20 and a separate GST (GST) on sending money from IMPS from a bank branch between Rs 2 lakh to 5 lakh from February 1.
PNB will also take extra charge of debit
Punjab National Bank is also making some changes in its rules from next month. From February 1, if there is no money in your debit account with any installment or investment and due to this it fails, then you will have to pay a separate charge of Rs 250. As of now, the bank charges you Rs 100 for this. Also, even after canceling the demand draft, you will have to pay Rs 150 instead of 100.
Bank of Baroda rules change
Bank of Baroda is going to change the check clearance rule from next month. Now confirmation will be mandatory for check payment. According to the new rules, if there is no confirmation, then the check will be returned. The bank has said that customers should take advantage of the service of positive pay system for this.
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