Alert: Passbooks, cheques of 8 banks to be invalid from tomorrow

NEW DELHI: The cheque books and passbooks of as many as 8 banks that have merged with bigger lenders will become invalid tomorrow.

PNB and Bank of Baroda had already informed that current cheque books of OBC, United Bank of India, Vijaya Bank, and Dena Bank will be discontinued from April 1, as they are valid only until March 31, 2021.

On April 1, 2019, and April 1, 2020, Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank, and Allahabad Bank merged.

With effect from April 1, 2019, Dena and Vijaya Bank merged with Bank of Baroda.

While, Oriental Bank of Commerce (OBC) and United Bank of India were merged with Punjab National Bank (PNB), Syndicate Bank merger with Canara Bank, Andhra Bank, and Corporation Bank merger with Union Bank of India, and Allahabad Bank merger with Indian Bank.

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Account-holders of the other merged banks will be able to use their current cheque books and passbooks only till today. If a customer has an account with one of these banks, look for a new cheque book and IFSC code right away. However, Syndicate Bank and Canara Bank's current cheque books and passbooks will be valid until June 30, 2021.

Customers of each of these banks would need to update their contact information, such as their mobile number, address, candidate, and so on, in order to receive all important information and notifications via SMS or email.

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Moreover, after receiving the new cheque book and passbook, bank account holders will need to change their new banking information in a number of financial instruments, such as mutual funds, trading accounts, life insurance plans, income tax accounts, FD/RD accounts, PF accounts, and a variety of other locations where bank account information must be changed to prevent any difficulties.

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