Money

Cheque book of these 3 banks to become invalid from 1st October. Details here

Cheque book holders of Allahabad Bank, Oriental Bank and United Bank of India wants to apply for brand new cheque book as quickly as potential as a result of their previous cheque book will become invalid from 1st October 2021. This change of cheque book has been brought on due to Allahabad Bank combining into Indian Bank whereas Oriental Bank of Commerce and United Bank of India merged into Punjab National Bank (PNB). Both PNB and Indian Bank have knowledgeable in regards to the cheque book replace on twitter and suggested its clients who bought their financial institution accounts transferred from the both of these three banks, to get a brand new cheque book.

Indian Bank tweeted in regards to the cheque book replace in regard to its Allahabad Bank clients and stated, “Erstwhile Allahabad Bank customers can continue to enjoy a seamless banking experience with Indian Bank by ordering new cheque books as the old ones will no longer be acceptable w.e.f 1st October, 2021.”

Indian Bank suggested its Allahabad Bank clients to undergo web banking, cellular banking or by way of financial institution department to get a brand new cheque book.

Similarly, PNB additionally suggested its Oriental Bank of Commerce and United Bank of India clients to get a brand new cheque book citing, “Old cheque book of eOBC and eUNI are going to be discontinued from 01-10-2021. Please replace your old cheque book of eOBC and eUNI with PNB cheque book with updated PNB IFSC and MICR. Get your new cheque book your branch or apply through ATM/IBS/PNB one.”

PNB additional added that each one financial institution clients are requested to use new PNB cheque book with up to date IFSC and MICR solely from now onwards to keep away from any transactional inconvenience.

Apart from these 3 PSU banks, 4 different banks had been merged into different banks below central authorities’s mega financial institution amalgamation plan. Syndicate Bank was mixed into Canara Bank whereas Andhra Bank and Corporation Bank merged into Union Bank of India. Following this mega financial institution amalgamation, PNB has become the second largest Indian industrial financial institution after State Bank of India (SBI).

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