In the event of a bank merger, there is a change in many things including the account number of the customers, the address of the bank account, the chequebook, the passbook.
A two-day strike has been called by the United Forum of Bank Unions (UFBU) to protest against the privatization of banks. In fact, some state-owned banks have already been merged and some are to be merged. Among the public sector banks that have been announced for merger are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank. Due to the merger, the checkbook and passbook of these government banks are going to change from April 1. In such a situation, if you also have an account in these government banks, then you have only 18 days left. In these days, you get your checkbook and passbook changed, otherwise you will have to face trouble.
In the event of the merger of the banks, there is a change in many things including the account number of the customer, the address of the brach, the checkbook, the passbook. However, the bank gives information to its customers so that they can change it in time. But if you have not done so yet, get it done within 18 days.
Banks have issued alerts
Punjab National Bank and Bank of Baroda have already alerted their customers. At the same time, the existing checkbooks of United Bank of India, Vijaya Bank and Dena Bank will be valid only till 31 March 2021. Therefore, if you have an account with these banks, then the merger will also affect your account. However, Canara Bank has announced that even after the merger with Syndicate Bank, the checkbook will be valid for customers on June 30.
What things need to be updated
If your account is also in these government banks, then you will have to update your address, details of your nominee and address before April 1. Otherwise, no information of the bank will be able to come to your mail or address. Because nowadays banks send most of the information to their customers through mail or SMS.
It is also necessary to link them
The government has asked the banks to link all the accounts with the customer base by 31 March 2021. The government said that on March 31, where PAN is necessary and appropriate in every account, PAN should be there and Aadhaar is for every account. If you use net banking, then you can also link your bank account with Aadhaar through this.