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Cheque Books Of These Banks To Be Invalid After Today

The government approved the SBI's merger with its five associate bank last year
The government approved the SBI's merger with its five associate bank last year

Cheque books of the five of State Bank of India (SBI)'s erstwhile associate banks that are now part of India's largest bank, as well as those of Bharatiya Mahila Bank, will not be valid from the next week, March 31 to be precise. The customers of the five erstwhile associate banks of SBI are requested to apply for the new cheque books with new IFSC codes, said SBI on microblogging site Twitter. To be able to procure the new cheque books, one may visit the bank branch or an ATM. One can even log in on the SBI app for getting the new cheque book. Previously, the deadline to get the new cheque books was September 30, which was later extended to December 31. The year-end deadline was further deferred to March 31 after which the old cheque books will not stand valid. This means in case you issue a cheque after March 31, the same will stand to get dishonoured.

The development is valid for the five erstwhile associate banks of SBI, namely State Bank of Patiala, State Bank of Mysore, State Bank of Bikaner and Jaipur, State Bank of Travancore, and State Bank of Hyderabad, and Bharatiya Mahila Bank, The customers of these banks are meant to get the new cheque books.