Know the latest details if you hold an account in these 7 banks

New Delhi: Since the bank merger, the checkbook, passbook, and IFSC code of many banks are going to be changed (Discontinuation of Check Books and FSC Code). This will affect the customers of 7 banks of the country from 1 April onwards. From 1 April 2021, the old checkbook and IFSC codes of many banks will not work, then contact your bank today and find out your new code, so that you do not have any problem doing online transactions.

The customers of Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank, and Allahabad Bank will be affected by this. So if you have an account with any of these 7 banks, then quickly find out your new checkbook and IFSC code from the bank branch.

From 1 April 2020, the government merged the three banks of the country, Punjab National Bank, Oriental Bank of Coors, and United Bank of India. Apart from this, Dena and Vijaya Bank were merged with Bank of Baroda and it is effective from 1 April 2019. Apart from this, Syndicate Bank has been merged with Canara Bank, Andhra Bank, and Corporation Bank with Union Bank of India and Allahabad Bank with Indian Bank.

the account holders of Andhra Bank and Corporation Bank can now know their new IFSC codes online through the official website of the banks. For this, you have to go to the official website www.unionbankofindia.co.in. After this, you have to click on amalgamation center here. After this, you will be able to know the updated IFSC code. Apart from this, customers can call the bank’s customer care number 18002082244 or 18004251515 or 18004253555. Or you can get information through SMS. For this, you have to send the message to 9223008486 by typing IFSC.

Why an IFSC Code is needed
Changes in the IFSC code will have an impact on the account holders. However, you do not have to worry immediately. The last date for the IFSC code of these branches is 31 March 2021. The bank has also informed all customers in this regard. For online transactions, you have to add the bank’s IFSC i.e. Indian Financial System Code along with the bank account number. The number of banks in India is very large and in this situation, the branches of all banks cannot be remembered. At the same time, MICR code is Magnetic Ink Character Recognition.

Apart from this, let us tell you that after getting the new checkbook, passbook, do not forget to update your banking details recorded in various financial instruments such as mutual funds, trading accounts, life insurance policy, income tax account, FD / RD, PF Account, and many other places where it is necessary to update the bank account.