Monday, June 14, 2021

Cheque book and passbook of these banks to become invalid from next month

From next month, the account numbers of the customers of eight banks, which were merged with other big lenders, will change. These banks are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Syndicate Bank, Oriental Bank of Commerce, United Bank of India and Allahabad Bank.

The account holders of these banks will have to get a new cheque book and passbook as the previous ones will become invalid from 1 April 2021. Punjab National National (PNB) has informed customers that the existing cheque books of United Bank of India and Oriental Bank of Commerce (OBC) will become invalid on April 1, 2021, and that the account holders should get new ones issued.

The account holders of these banks should also find out the IFSC and MICR code. The account holders of these eight banks are also required to update their account details such as mobile number, address, name of the nominee, etc. The customer should get a new cheque book and passbook issued from the bank with which their former banks had merged.

After getting the new cheque book and passbook, account holders should update their banking details on the various financial instruments.

Bank Mergers: On April 1, 2019, Dena Bank and Vijaya Bank were merged with Bank of Baroda. The amalgamation of the Oriental Bank of Commerce (OBC) and United Bank of India with PNB was completed on April 1, 2020. Other banks that merged are – Syndicate Bank merged with Canara Bank, Andhra Bank and Corporation Bank merged with Union Bank of India, Allahabad Bank merged with Indian Bank.

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