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Business News/ Money / Personal Finance/  Cheque book of these 3 PSU banks to become invalid from next month. Details here
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Cheque book of these 3 PSU banks to become invalid from next month. Details here

Cheque book holders of these three PSU banks are advised to apply for new cheque book as their existing old cheque book will become invalid from 1st October 2021

Customers of these three PSU banks can go through net banking, mobile banking or via bank branch to get new cheque book. (Mint)Premium
Customers of these three PSU banks can go through net banking, mobile banking or via bank branch to get new cheque book. (Mint)

Cheque book holders of three public sector banks — Allahabad Bank, Oriental Bank of Commerce and United Bank of India — are advised to apply for new cheque book as their existing old cheque book will become invalid from 1st October 2021. This is happening due to the merger of Allahabad Bank into Indian Bank while Oriental Bank of Commerce and United Bank of India combined into Punjab National Bank (PNB).

Indian Bank asked its Allahabad Bank customers to apply for new Indian Bank cheque book from its official twitter handle citing, "Erstwhile Allahabad Bank customers can continue to enjoy a seamless banking experience with Indian Bank by ordering new cheque books as the old ones will no longer be acceptable w.e.f 1st October, 2021."

Allahabad Bank customers can go through net banking, mobile banking or via bank branch to get new cheque book of the Indian Bank.

Likewise, Punjab National Bank also asked its Oriental Bank of Commerce and United Bank of India customers to apply for new PNB passbook from its official twitter handle citing, "Old cheque book of eOBC and eUNI are going to be discontinued from 01-10-2021. Please replace your old cheque book of eOBC and eUNI with PNB cheque book with updated PNB IFSC and MICR. Get your new cheque book your branch or apply through ATM/IBS/PNB one."

The PNB tweet went on to add that all customers are requested to use new PNB cheque book with updated IFSC and MICR only from now onwards to avoid any transactional inconvenience.

Apart from this, owing to Government of India's (GoI's) bank merger plan, Syndicate Bank was merged into Canara Bank while Corporation Bank and Andhra Bank were merged into Union Bank of India.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Published: 25 Sep 2021, 03:42 PM IST
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