After the eight nationalised banks that were recently merged with other nationalised banks, the customers will have to be careful while doing banking transactions as their old cheques and passbooks will no longer be valid from April 1, 2021. The cheques and passbooks of Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank, Syndicate Bank and Allahabad Bank will not be accepted in the banking system with effect from April 1. The customers of these banks have been requested to get the new cheque book and passbook of the banks in which the old bank has been merged. The customers are also advised to keep the old passbooks and cheque books safely and avoid last minute rush at the respective banks.
In addition to this, the customers may also update their mobile number, address, nominee etc., if they wish to do so. On receiving the new passbook, cheque book, customers need to update bank details in all financial instruments, i.e. mutual fund folios, demat and trading accounts, life insurance policies, Income Tax account, FDs/ RDs, PF accounts and other deposit accounts, lockers, gas agencies (for receiving subsidies) and all other places where the bank account is needed. It is important to note that Dena Bank andVijaya Bank were merged with Bank of Baroda; Corporation Bank and Andhra Bank were merged with Union Bank of India; Oriental Bank of Commerce and United Bank with Punjab National Bank; Syndicate Bank with Canara Bank and Allahabad Bank with Indian Bank.