Cheque Book of 3 PSU Banks to Become Invalid From October 1- Know Details Here
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).
The nationalised banks in which these two banks have merged have informed the users about the changes on Twitter. Both PNB and Indian Bank have informed their customers who got their accounts transferred from the three banks, to get new cheque books.
In a tweet in August, Indian Bank said that cheque books of the erstwhile Allahabad Bank will be valid only till September 30, 2021. The MICR codes of that bank will also become invalid from October 1, the tweet further said.
The PNB also tweeted earlier this month asking the account holders of Oriental Bank of Commerce and United Bank to replace their old cheque books as soon as possible.
Take note & apply for your new cheque book through👇
➡️ ATM
➡️ Internet Banking
➡️ PNB One
➡️ Branch pic.twitter.com/OEmRM1x6j0— Punjab National Bank (@pnbindia) September 8, 2021
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.”
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.#IndianBank pic.twitter.com/LUPHSrV84d
— Indian Bank (@MyIndianBank) September 14, 2021
Following the consolidation, PNB has become the country’s second largest after State Bank of India (SBI), Canara Bank fourth, Union Bank of India fifth and Indian Bank seventh biggest public sector lender.