Dena Bank and Vijaya Bank were merged with Bank of Baroda and came into effect from 1 April 2019. On the other hand, Oriental Bank of Commerce and United Bank of India (UBI) merged into Punjab National Bank (PNB), Syndicate Bank’s Canara Bank (Canara Bank), Andhra Bank (Andhra Bank) And Corporation Bank (Corporation Bank) merged with Union Bank of India and Allahabad Bank (Indian Bank) merged with Indian Bank.
Discontinuation of cheque books: cheque books and passbooks of some banks are going to be invoiced in the country with effect from April 1, 2021. These are banks whose merger with other banks took effect from 1 April 2019 and 1 April 2020. The names of these banks are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank.
Which bank has merged with whom
Dena and Vijaya Bank were merged with Bank of Baroda and came into effect from 1 April 2019. Oriental Bank of Commerce and United Bank of India merged with Punjab National Bank (PNB), Syndicate Bank merged with Canara Bank, Andhra Bank and Corporation Bank with Union Bank of India and Allahabad Bank with Indian Bank.
PNB, Bank of Baroda have already alerted Other banks change the account number of customers of merged banks, IFSC, MICR code, branch address, cheque book, passbook etc. 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 31 March 2021. Similarly, customers of other merged banks will also be able to operate from the existing cheque book, passbook only till March 31. New cheque books, passbooks will be valid from 1 April.
Relief currently for Syndicate Bank customers
In the case of Syndicate Bank, Canara Bank has stated that the existing cheque books of Syndicate Bank will be valid till June 30, 2021. If you are a customer of merged banks, then update the details like mobile number, address, nominee etc. so that there is no further trouble and you will get the necessary information through SMS or email.
It is also necessary to do this work
After getting the new cheque book, passbook, do not forget to update your banking details also 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.