Starting April 1, 2021, some bank account holders need to be vary of change as cheque books and passbooks of as many as seven banks will become invalid. Thes list has the names of banks whose mergers with other banks took effect from April 1, 2019, and April 1, 2020. These banks are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank.
If you are someone who has an account in any of these banks, then you must hurry and get your details updated while getting yourself a new cheque book.
Earlier, the two banks, Dena Bank and Vijaya Bank, were merged with Bank of Baroda on April 1, 2019. Thus, from April 1, only cheque books and passbooks of the Bank of Baroda will be valid.
Next on the list are Oriental Bank of Commerce and United Bank of India. They were merged with Punjab National Bank (PNB) recently. Punjab National Bank has announced that the cheque books of the two banks merged in it will only be valid till March 31, 2021.
Andhra Bank and Corporation Bank account holders can get their updated IFSC codes online. For the same purpose, one needs to visit the official website of the banks. For example, go to the official website www.unionbankofindia.co.in. There, find and click on amalgamation center. There you will find a new IFSC code. You can call the bank’s customer care number 1800-208-2244 or 1800-425-1515 or 1800-425-3555 for further details. You can also get information through SMS. For this, you have to send the message to 9223008486 by typing IFSC.
Meanwhile, the merger period of Syndicate Bank’s cheque book with Canara Bank has been kept till June 30, 2021.
The merger rules in many banks will come into effect from April 1 and due to the merger, the account number, IFSC code, MICR code, branch address will also be changed.