Loan Repayment Through UPI in PNB: The country’s second largest public sector bank i.e. Punjab National Bank has started a new and special facility for its customers. The bank has made it very easy for the customers to pay the EMI of the loan. Now customers will not have to run here and there to deposit the loan installment. Now he will be able to repay the loan sitting at home in a very easy way. The bank has started a new facility for the customers to make loan repayment. Now customers will be able to make EMI payment only through UPI without any hassle. For this, customers can use Google Pay, Paytm, Phone Pe.
Earlier payment had to be made through check
Let us tell you that earlier the bank used to give the option of check to the bank loan repayment options to the customers. Earlier, customers had to carry a bank check to pay the loan EMI. But, now he will repay his loan sitting at home using UPI only. The bank has made a tweet giving information about UPI payment.
No more running around to submit check for repayment of your loan. Pay your EMI through UPI with GPay, PhonePe and Paytm.#online #EMI #Loan #AzadiKaAmritMahotsav #AmritMahotsav @AmritMahotsav pic.twitter.com/0FotzO6CFK
— Punjab National Bank (@pnbindia) April 23, 2022
How to make loan repayment-
In this, it has been told that through the customer’s own UPI app, validate the loan account through ‘Fetch and Pay Solution’. By doing this the money will not be transferred to the wrong account. After this, the name of the loan account will appear on your UPI before transferring the money. By verifying it, you can transfer money easily. Apart from this, the bank has also informed the customers that they can also make loan repayment through BHIM app.
Customers will now be able to make payments every month through their UPI App sitting at home. Let us tell you that in the last few years, there has been a tremendous increase in the number of people using UPI in the country. Such PNB has also included the UPI option in the loan repayment for the convenience of the customers.