Cheque Book & Pass Book of 8 Banks to become invalid from 1 April

March 17: The merger of public sector lenders into four larger and stronger banks was announced by the government in August 2019. As a result of this merger, the Oriental Bank of Commerce (OBC) and United Bank of India were merged with Punjab National Bank (PNB), followed by Syndicate Bank merger with Canara Bank, Andhra Bank and Corporation Bank merger with Union Bank of India, and Allahabad Bank merger with Indian Bank. This was the biggest consolidation exercise in the history of the banking sector, after which the number of PSBs in India dropped from 27 in 2007 to 12 in 2021.

So, if your account is in these 8 government banks, then before 1st April, you must visit your branches once.

1. Dena Bank
2. Vijaya Bank
3. Corporation Bank
4. Andhra Bank
5. Syndicate Bank
6. Oriental Bank of Commerce
7. United Bank of India
8. Allahabad Bank

However, now the customers or account holders of the above-mentioned banks need to note that cheque-books and passbooks of these banks will become invalid from April 1, 2021. Customers of these banks should also know that their account number, IFSC, MICR code, branch address, cheque book, passbook will change. To get all the important information and updates via SMS or email, customers of any of these banks will have to update the details like mobile number, address, 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.