After the merger, Bank of Baroda has closed the checkbooks of Dena Bank and Vijaya Bank from July 1, i.e. from today. Also asked the customers of old banks to update the new IFC code for transactions.
Bank Of Baroda (BOB)
According to the instructions of Reserve Bank of India (RBI), Bank of Baroda has closed the check book of Vijaya Bank and Dena Bank from 1st July i.e. Thursday. Because after the merger both the banks have been merged into BOB. Therefore, now the new check book of this bank will be valid for the transaction of money. If you also have an account in these two former banks, then update it immediately.
In this regard, Bank of Baroda issued a statement saying, ‘Customers have been advised to replace the old check book with a new check. Closing the old check book is being done as per the instructions of Reserve Bank of India (RBI).
“Bank of Baroda is continuously notifying all its customers of these erstwhile banks through SMS, text and mail. Customers are being advised to collect fresh check books through digital channels of the Bank. Customers of old banks can apply for e-check book by calling 24/7 customer care number or can also collect it by visiting the nearest branch.”
It is to be known that this was the third major restructuring in the public sector banking industry by the government announced in the year 2018. Earlier, five associate banks of State Bank of India were merged with themselves. The government had proposed the merger of three state-owned banks on 10 September 2018. The erstwhile Dena Bank was placed under prompt corrective action (PCA) by the Reserve Bank of India (RBI).
Also update new IFSC code
After the merger, the customers of both the former banks will have to get a new IFC code from Bank of Baroda. Get it updated in your passbook and check book. According to BOB, the IFSC of Dena Bank and Vijaya Bank will be closed from today i.e. July 1. With this you will not be able to do the transaction. To update the new code, you can also find out by calling the toll free number 18002584455/18001024455.
You can find out through SMS. For this, you can also find the IFSC code by sending the last four digits of the MIGR
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