2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes Bank
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Dena Bank
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Punjab National Bank
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Bank of Baroda
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Detailed explanation-1: -After the merger of OBC and UBI banks with PNB, the MICR Code and IFSC Code will also change from April 1, 2021. That means, the account holder will no longer be able to transact with the old user ID. Additionally, if customers dont change the User ID they will also not be able to use Net Banking .
Detailed explanation-2: -The merged entity of Punjab National Bank, Oriental Bank of Commerce and United Bank of India may follow a State Bank of India-like structure with local head offices in every region to leverage the strengths of each of the merged banks.
Detailed explanation-3: -The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020.