Banking rules change from Next month: If you are a customer of Punjab National Bank (PNB) or Axis Bank, then there is important news for you. Actually, some rules of these two banks are changing in April. These changes will have a direct impact on the customers. Let us know what is this rule-
For Axis Bank customers-
From April 1, 2022, the rules on the salary or savings account of Axis Bank are going to change. The bank has increased the limit of minimum balance in savings account from 10 thousand to 12 thousand rupees. According to the information given on the website of AXIC Bank, the bank has also changed the prescribed limit of free cash transactions to four free transactions or Rs 1.5 lakh. Let us tell you that before this, Axis Bank and many other banks have increased the charges on the transactions of the free transaction limit from January 1, 2022.
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For PNB customers-
PNB is going to implement Positive Pay System (PPS) from 4th April 2022. According to the information given by PNB, from April 4, verification will be necessary for check payment. Let us tell you that if there is no confirmation after this rule, then the check can also be returned.
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According to the information given on the official website of PNB, “Positive Pay System system will be mandatory from April 4, 2022. PPS confirmation will be mandatory if customers issue checks of ₹ 10 lakh and above through bank branch or digital channel.” Account number, check number, check alpha, check date, check amount and name of the beneficiary have to be given. For more details, PNB customers can call on 1800-103-2222 or 1800-180-2222. Or you can visit the website of the bank.