SBI Notifies Cheque books, IFSC codes Of Its 6 Subsidiary Banks As Invalid

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

    After merger of SBI subsidiaries into the main SBI bank from the start of the financial year 2017-18, the cheques of the merging banks that include Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank of Raipur, State Bank of Travancore, State Bank of Hyderabad and Bhartiya Mahila Bank together with their IFSC will be rendered invalid with effect from September 30, 2017.

    SBI Notifies Cheque books, IFSC codes Of Its 6 Subsidiary Banks As Invalid

    SBI has informed its customers about the notification and asked them to make a fresh application for the issuance of new cheque books.

    The largest public-run lender also made news on accumulating heavily by way of non-maintenance charges. The consolidation in the banking sector has been initiated with the merger of SBI subsidiaries into it.

    Know the consequences of this banking sector consolidation on you as a banking customer, here.

    Lately the bank issued clarification that its charges with respect to non-maintenance of stipulated amount does not apply to PMJDY and basic savings and deposit accounts.

    Story first published: Thursday, September 21, 2017, 13:12 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more