Frontlist | Alert For Account Holders of These Govt Banks! Your Cheque Book, Passbook Will Get Scrapped After 2 Weeks | Details

Frontlist | Alert For Account Holders of These Govt Banks! Your Cheque Book, Passbook Will Get Scrapped After 2 Weeks | Details
on Mar 15, 2021

New Delhi: The merger of public sectors banks (PSBs)- Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank, and Allahabad Bank–has already taken place. The customers of these banks should note that cheque books and passbooks of these banks will now become invalid from April 1, 2021.

1) While the existing cheque books of OBC, United Bank of India, Vijaya Bank, Allahabad Bank, Corporation Bank, Andhra Bank and Dena Bank will become invalid from April 1. The customers of these banks can use their existing cheque books and passbook only till March 31. 2) The existing account number, IFSC, MICR code, branch address, cheque book, passbook will also undergo a change once the existing cheque books and passbooks become invalid. 3) The existing cheque book and passbook of Syndicate Bank and Canara Bank can be used till June 30, 2021. 4) Account holders can also get updates via SMS or email. All they have to do is update their mobile number, address, nominee details. Must Read - Daksh Aggarwal & Zeeshan Thomas, Delhi Law Review Chaos Walking: 7 Big Differences Between The Book And The Movie Indiana Novelist Wins National Award 5) Also, don’t forget to update the new account details in various investment as well financial instruments including mutual funds, trading accounts, life insurance policy, FD / RD and PF account. Dena and Vijaya Bank had merged with Bank of Baroda on April 1, 2019. Oriental Bank of Commerce (OBC) and United Bank of India were merged with Punjab National Bank (PNB). Syndicate Bank was merged with Canara Bank and Andhra Bank and Corporation Bank had merged with Union Bank of India. Allahabad Bank’s merger happened with Indian Bank. Source: india.com