Cheque Books & Passbook to Become Invalid from 1st April
The account holders of 8 banks will have to get a new cheque book and passbook as the previous ones will become invalid from 1 April 2021. Watch our latest video to learn more.
In August 2019, the government had announced that government banks will be merged into bigger and stronger banks. Dena Bank & Vijaya Bank merged with Bank of Baroda. Oriental Bank of Commerce (OBC) & United Bank of India merged with Punjab National Bank. Syndicate Bank merged with Canara Bank. Andhra Bank and Corporation Bank merged with Union Bank of India. Allahabad Bank merged with Indian Bank.
If your account is in these 8 government banks, then you will have to visit your branch and get a new cheque book and passbook as the previous ones will become invalid from 1st April. Customers having accounts in these banks, will be given new account numbers in the banks they have been merged with. You will also have to update your details such as your mobile number, address, name of the nominee, etc. After getting your new account number you will have to update your banking details recorded in various financial instruments.
