Wednesday, June 29, 2022

PNB Stops Incentive: Bad news for 18 crore customers of PNB, the bank immediately stopped this facility

PNB Stops Stimulation: Bad news for PNB’s 18 million customers, banks closed the facility immediately. If your account is held at Punjab National Bank (PNB), these news will help you. If you pay digitally with a pump when you buy petrol and diesel, you’ll definitely be disappointed after reading this news.  PNB Suspends Incentives: This news is useful if your account is held at the Punjab National Bank (PNB). If you pay digitally with a pump when you buy petrol and diesel, you’ll definitely be disappointed after reading this news. Yes, the 0.75% digital payment discount offered by oil marketers when buying oil with a pump has been withdrawn.

 Banks have stopped benefiting customers
The impact is likely to affect people who often pay with cards to get oil. The public sector Punjab National Bank (PNB) has stopped offering this benefit to its customers. This will affect all of PNB’s 18 billion customers. Beginning in May, PNB has stopped offering this discount to its customers.  This rule went into force in May of this year.

Read More: SBI Home Loan Costly: SBI made home loans expensive and increased the rates in one stroke, know the effect on you.

Banks say the oil marketing company (OMC) has withdrawn the opportunity. According to information on the PNB website, Bharat Petroleum Corporation (BPCL) has announced that oil companies (IOC, BPCL, HPCL) have offered a 0.75% discount on payments for fuel purchases on digital mode gas pumps. It was withdrawn. PNB has notified customers that they have stopped using this discount since May. NEFT and RTGS charges have also been raised

 Previously, PNB’s NEFT and RTGS prices were also raised. This change by the Bank came into effect on May 20, 2022. According to PNB, RTGS fees have been reduced from Rs 20 for branch-level offline transactions to Rs 24.50 for offline transactions and Rs 24 for online transactions.
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