Today is the last day of the financial year 2020-21 and the new financial year (2021-22) is beginning from tomorrow. In the last two financial years, consolidation of banks was done. Under this, eight government banks of the country were merged into big banks. For the customers, they did not have to face the trouble, so the checkbooks, IFSC codes, passbooks of the old banks were still running. 31 March is its last date. Many things are going to change about these eight banks from April 1, which is important to be aware of.
From 1 April 2021, the checkbook of these eight banks will become invalid. The merger of these banks took effect from 1 April 2019 and 1 April 2020. In such a situation, the bank is constantly requesting customers to get their checkbooks updated. Dena Bank and Vijaya Bank were merged with Bank of Baroda. Oriental Bank of Commerce and United Bank of India (UBI) were merged with Punjab National Bank (PNB). Syndicate Bank’s Syndicate Bank in Canara Bank, Andhra Bank (Andhra Bank) and Corporation Bank (Union Bank) in Union Bank of India and Allahabad Bank (Allahabad Bank) Indian Bank (Indian Bank) was merged.
IFSC code also changed
The IFSC code of all banks has also changed since the merger. However, its deadline has already ended. The IFSC code of Allahabad Bank branches has been changed since 15 February. Now the old IFSC codes of your branch will not work. If someone uses the old code, then money will not be transferred. Indian Bank has given this information by tweeting. If you also have an account in these banks, then you have to first find your new IFSC code from the bank, because it is very useful for you. You can find it through bank or online.
You have to do?
If you have an account with these banks, then you will first have to find your new IFSC code from the bank. With this, if you give your bank details to someone, then you will have to give the updated IFSC code. You can also find out the address of your new IFSC code through the official website of the bank. Apart from this, you have to go to the bank branch and get the check book made, so that if you need to give the check-in future, then you do not have any problem.
