Under the plan, Syndicate Bank was merged into Canara Bank, and Andhra Bank and Corporation Bank into Union Bank of India.įollowing 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.

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.Īpart from these, four other public sector banks were also merged into anchor banks under government's mega consolidation plan. The users can also apply through internet banking or mobile banking. blank cheque, blank check - a check that has been signed but with the amount payable left blank. The bank customers were asked to get the new cheque book from the nearest branch. chequebook - a book issued to holders of checking accounts. The MICR codes of that bank will also become invalid from October 1, the tweet further said. Hypernyms ('chequebook' is a kind of. In a tweet in August, Indian Bank said that cheque books of the erstwhile Allahabad Bank will be valid only till September 30, 2021. While Allahabad Bank merged with Indian Bank on April 1, 2020, Oriental Bank of Commerce (OBC) and United Bank of India were amalgamated into Punjab National Bank (PNB) on April 1, 2019.īoth PNB and Indian Bank have informed their customers who got their accounts transferred from the three banks, to get new cheque books. What does chequebook mean Information and translations of chequebook in the most comprehensive dictionary definitions resource on the web.

These three banks are now part of other banks. The banks whose cheque books will stop working from October 1 are Allahabad Bank, Oriental Bank of Commerce (OBC) and United Bank of India.

The nationalised banks in which these two banks have merged have informed the users about the changes on Twitter. The account holders of two banks will have to get their cheque books changed or updated as they will stop working from October 1.

Chequebook meaning