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The central government has merged many state-run banks, due to which many changes are going to happen.
There is an important news for bank customers. From April 1, 2021, checkbooks and passbooks of many banks will become invalid, that is, you will not be able to do any transactions with them. This has happened due to the inter-merger of several banks. The central government has merged several state-run banks, due to which it will have an impact on the customers from the new financial year.
The passbooks and checkbooks of these banks are valid only till 31 March 2021. Customers do not have any problem, for this they will have to issue new documents.
There are many changes in passbook and checkbook due to merger of banks. Change the account number, IFSC code, MICR code, etc.
The merger of these banks was announced in August 2019. Dena and Vijaya Bank have been merged with Bank of Baroda. Oriental Bank of Commerce and United Bank of India have been merged with Punjab National Bank. Andhra Bank and Corporation Bank have been merged with Union Bank of India. Allahabad Bank has been merged with Indian Bank. At the same time, the merger of Syndicate Bank took place in Canara Bank.
For Syndicate Bank customers, Canara Bank has stated that the checkbook will be valid till June 30, 2021.
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