Oriental Bank of Commerce (OBC) and United Bank of India (UBI) to be merged with Punjab National Bank (PNB)

[Bapun]

PNB, Oriental Bank and United Bank to be merged Nirmala Sitharaman said in today's press conference.

Source

 

[Bapun]

No bank will be closed, no employee removed: Sitharaman allays fears on merger of public sector banks

“There is no closure of banks. No banks are being asked to do anything different from what they were doing. In fact, we are giving them more capital to do what they were doing,” Nirmala Sitharaman said at a press conference.

 

[piinku1]

No bank will be closed, no employee removed: Sitharaman allays fears on merger of public sector banks

“There is no closure of banks. No banks are being asked to do anything different from what they were doing. In fact, we are giving them more capital to do what they were doing,” Nirmala Sitharaman said at a press conference.

But there will be less promotion for the existing staff with heavy workload.

 

[Bapun]

“With this PNB has concluded the integration and migration of databases of both banks, which brings all the customers on the common platform and enable them to transact seamlessly across bank’s network as well as use PNB’s digital Banking platforms like Internet Banking and Mobile Banking,” it said.

The entire migration has been completed without effecting any change in customer account numbers, debit cards or net banking credentials, the bank added.

PNB completes IT integration of all branches of Oriental Bank of Commerce and United Bank of India

New internet banking link: PNB Internet Banking Services

All two merged banks also now uses PNB One mobile app. Android - iOS

 

[Optimus_Prime]

Customers IFSC code has been changed and now this become another harrasment to give new IFSC code everywhere to edit beneficiary and I have to edit beneficiary as well. Very bad.

 

[Esmail]

Customers IFSC code has been changed and now this become another harrasment to give new IFSC code everywhere to edit beneficiary and I have to edit beneficiary as well. Very bad.

Happened with my parents corporation bank accounts as well after it got merged into union bank. No alternative but to give out the new IFSC code everywhere.

 

[PowerStar]

Customers IFSC code has been changed and now this become another harrasment to give new IFSC code everywhere to edit beneficiary and I have to edit beneficiary as well. Very bad.

Same for Vijaya bank customers after bank merger. Both account number and IFSC has changed.

 

[Bapun]

Alerting their customers, Punjab National Bank (PNB) had already informed that the existing cheque books of Oriental Bank of Commerce (OBC) and United Bank of India will get discontinued from April 1, as they are valid only till March 31, 2021.

Cheque book and passbook of these banks to become invalid from next month

 

[Ashok L]

Worst move. Due to this stupid move, I am unable to pay my loan dues. I had a loan in OBC located at other end of my city. Earlier I used to visit OBC at my location for banking purposes. But after merger, I have to go to my home branch for every banking activities. Even for passbook requests, paying of loan amounts which is located at 45 kms from my location. Petrol stands 95Rs, in addition to this.

Digital India hey, Ache din hey, Modi Circar hey...