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cheques & passbooks of the following merged banks will be invalid and will not be accepted in the banking system with effect from 01-Apr-2021

Discontinuation of Cheques of Merged Banks*

Dear All,

This is to alert you that the cheques & passbooks of the following merged banks will be invalid and will not be accepted in the banking system with effect from 01-Apr-2021.

1. Dena Bank

2. Vijaya Bank

3. Corporation Bank

4. Andhra Bank

5. Oriental Bank of Commerce (OBC)

6. United Bank

7. Syndicate Bank

8. Allahabad Bank

Your one or more bank account details, viz. account number, IFSC Code, MICR Code, branch address etc. have been changed due to merger of above listed banks.

To avoid inconvenience in future, I advice you to take the following action immediately:-

*_Please contact your bank and get the new cheque book and passbook at the earliest. Keep your old passbooks & cheque books safely._* Avoid last minute rush!!

Also, if your details like registered mobile number/ address/ nominee etc. are not added/updated, then do update the same too.

Once you receive your new passbook &/or cheque book, please update your bank details in all your financial instruments, i.e. Mutual Fund folios, Demat & trading accounts, Life Insurance policies, Income Tax account, FDs/RDs, PF accounts & other deposit accounts, Lockers, Gas agencies (if you are receiving subsidies) and all other places where your bank account needs to be updated. All these are beneficial, especially in cases like claiming survival benefits, maturity proceeds, redemptions etc.

Please share your old bank's cheque leaf name with account holder's name(s) & new bank's cheque leaf with account holder's name(s), both in original to get bank details updated in mutual funds folios.

The mergers are as follows:-

1. Dena Bank with Bank of Baroda

2. Vijaya Bank with Bank of Baroda

3. Corporation Bank with Union Bank of India

4. Andhra Bank with Union Bank of India

5. Oriental Bank of Commerce (OBC) with Punjab National Bank

6. United Bank with Punjab National Bank

7. Syndicate Bank with Canara Bank

8. Allahabad Bank with Indian Bank

*This message is for your information only. For further details please contact your bank.*

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More

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