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Cheque Books Of These Banks To Be Invalid After Today

To be able to get the new SBI cheque books, one may visit the bank branch, ATM, onlineSBI.com or mobile banking

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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


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.
In February last year, the government had approved the merger of SBI with the five banks.

Also Read: Five Associate Banks To Merge With SBI From April 1

Later in March last year, the Cabinet approved SBI's merger with Bharatiya Mahila Bank as well. With that, SBI became a lender of global proportions with an asset base of Rs 37 lakh crore or over $555 billion, 22,500 branches and 58,000 ATMs. It will have over 50 crore customers.


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