Banks that get merged with other big banks - account number, IFSC, MICR code, branch address, cheque-book, passbook of their customers also change.
From April 1, 2021, cheque-books and passbooks of some banks will become invalid. These banks are those whose mergers with other banks took effect from April 1, 2019, and April 1, 2020. The names of these banks are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank.
Dena and Vijaya Bank were merged with Bank of Baroda and it came into effect on April 1, 2019. On the other hand, Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank (PNB).
Syndicate Bank merged with Canara Bank, Andhra Bank and Corporation Bank merged with Union Bank of India, and Allahabad Bank had a merger with Indian Bank.
Banks that get merged with other big banks - account number, IFSC, MICR code, branch address, cheque-book, passbook of their customers also change.
Punjab National Bank and Bank of Baroda have already stated that the existing cheque-books of OBC, United Bank of India, Vijaya Bank, and Dena Bank will be valid only till March 31, 2021.
Similarly, customers of other merged banks will also be able to operate from the existing cheque-books and passbook only till March 31. New cheque-books, passbooks will be valid from April 1.
In the case of Syndicate Bank, Canara Bank has already stated that the existing cheque-books of the Syndicate Bank account holders will be valid till June 30, 2021.
If you are a customer of any of the merged banks, then update the details like your mobile number, address, nominee, etc. so that there is no further trouble and you will get the necessary information through SMS or email.
After getting the new cheque-book, passbook, do not forget also to update your banking details recorded in various financial instruments - such as mutual funds, trading accounts, life insurance policy, income tax account, FD / RD, PF account, and many other places where it is necessary to update the bank account.
1. Cheque books, passbooks of some banks to become invalid from April 1, 2021
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From April 1, 2021, cheque-books and passbooks of some banks will become invalid. These banks are those whose mergers with other banks took effect from April 1, 2019, and April 1, 2020. The names of these banks are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank.
2. Dena and Vijaya Bank merged with Bank of Baroda
)
Dena and Vijaya Bank were merged with Bank of Baroda and it came into effect on April 1, 2019.
3. OBC and United Bank merged with PNB
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On the other hand, Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank (PNB).
4. Corporation Bank merged with Union Bank of India
)
Syndicate Bank merged with Canara Bank, Andhra Bank and Corporation Bank merged with Union Bank of India, and Allahabad Bank had a merger with Indian Bank.
5. PNB, Bank of Baroda already alerted customers
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Punjab National Bank and Bank of Baroda have already stated that the existing cheque-books of OBC, United Bank of India, Vijaya Bank, and Dena Bank will be valid only till March 31, 2021.
6. IFSC, MICR code, branch address, cheque book will change
)
Banks that get merged with other big banks - account number, IFSC, MICR code, branch address, cheque-book, passbook of their customers also change.
Similarly, customers of other merged banks will also be able to operate from the existing cheque-books and passbook only till March 31. New cheque-books, passbooks will be valid from April 1.
7. Relief for Syndicate Bank customers
)
In the case of Syndicate Bank, Canara Bank has already stated that the existing cheque-books of the Syndicate Bank account holders will be valid till June 30, 2021.
If you are a customer of any of the merged banks, then update the details like your mobile number, address, nominee, etc. so that there is no further trouble and you will get the necessary information through SMS or email.
8. What else required to do?
)
After getting the new cheque-book, passbook, do not forget also to update your banking details recorded in various financial instruments - such as mutual funds, trading accounts, life insurance policy, income tax account, FD / RD, PF account, and many other places where it is necessary to update the bank account.
