New Delhi: From April 1, the cheque books and passbooks of 7 banks had been purported to be invalid on account of their merger. Banks like Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank which have gone for merger have requested their customers to get new cheque e-book and IFSC code. The older cheque books will stop to work from April 1.
Although Punjab National Bank (PNB) has prolonged the deadline from April 1 to June 30, other banks like Union Bank of India, Canara Bank, Indian Bank and Bank of Baroda are but to return out with any official discover on this. These are the anchor banks the place the above talked about banks have been merged.
In a significant aid to customers, Punjab National Bank (PNB) has introduced that account holders who’ve accounts in Oriental Bank of Commerce (OBC) and United Bank of India (UNI) can proceed to make use of outdated cheque e-book until June 30 2021 because the financial institution has prolonged the validity of cheque e-book until the mentioned date. In impact, their outdated cheque e-book will turn out to be invalid from 1 July.Â
Oriental Bank of Commerce and United Bank of India have been merged with PNB, which means that the cheque books, passbooks, IFSC codes of these banks must be modified by a deadline fastened by the financial institution. PNB has mentioned that e-OBC / e-UNI customers can take new PNB Check Book via the department, Internet Banking Service, Mobile Banking Service and ATM. PNB has acknowledged that the already issued verify e-book of Oriental Bank of Commerce and United Bank of India (Post Dated Check Book) will likely be legitimate solely until June 30, 2021.
Finance Minister Nirmala Sitharaman had in 2019 introduced large consolidation of 10 public sector banks.
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