Cheque Book of these six Banks will be invalid after December 31, 2017

Cheque book of these six banks will be invalid after 31 Dec. 2017. State Bank of India is largest public sector bank,there is a big news for subscribers of SBI subsidiary banks. Cheque book of these six banks will be invalid from 31 Dec. 2017 . Cheque book of six banks will be invalid after 31 Dec . So if you are also the bank account holder of these bank, then just submit the application to change the cheque book.

SBI has said that we request customers of SBI’s erstwhile Associate banks and Bharatiya Mahila Bank to apply for new SBI Cheque books. Old cheque books and IFSC codes will be invalid  after 31 Dec 2017

Here are some of the rules that these account holders should be aware of:

The website address for availing net banking services post-merger is https://www.onlinesbi.com.

If you were an account holder of SBBJ/SBM/SBT/ SBP/ SBH, there is no need for you to register afresh for availing net banking services of SBI, states the website of SBI. You can login with the same username and login password for logging into OnlineSBI, the official website of the bank. However, username and password are case sensitive. If you are still unable to login, please lodge a complaint.

The net banking features of associate banks are almost similar to those of SBI, states the official SBI website. After merger, one can use all the facilities as they are.

There is no need to register your mobile number afresh after merger of your bank with SBI, clarified the bank on its site.

The third party beneficiaries added and approved by you earlier will be available.

However, a customer has to register his email ID afresh in OnlineSBI.

The billers that were registered by you will be available in OnlineSBI even after the merger of your bank with SBI.

The standing instructions/ scheduled bill payments earlier set by a customer, will be executed on the due dates. There is no need to cancel those standing instructions post-merger.

There is a change in National Electronic Funds Transfer (NEFT) and real time gross settlement (RTGS) charges. All transactions performed through IMPS or Immediate Payment Service (interbank / intra bank) will incur service charges as hitherto.

Customers have to add existing SBI and associate banks’ account holders as Intra Bank (within SBI) beneficiaries under the payments/transfers tab in OnlineSBI. The beneficiaries added by you under State Bank Group Transfer will be available in the system in Intra Bank.

For fund transfer between SBI and erstwhile associate banks, customers must select Intra bank option under Payments/Transfers > Third party Transfer (Within SBI – Accounts of Others) option in the net banking facility.

For resetting of password of SBI net banking, customers can visit any SBI branch. For provident fund applications also one can visit any SBI branch.

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