The State Bank Of India (SBI) has released a statement that chequebooks of six banks (State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank Of Patiala, State Bank of Hyderabad and Bharatiya Mahila Bank) will become invalid after March 31, 2018. As these banks have been merged with the State Bank of India, customers can get the new chequebook from the requested branches.
SBI on their Twitter account wrote: “All
#customers of erstwhile #AssociateBanks and Bharatiya Mahila Bank are requested to apply for SBI #cheque books by 31st March 2018, to avoid any inconvenience. The olde- AB / BMB chequebooks will not be valid post 31.03.2018.”
In December 2017, SBI has changed names and Indian Financial System Code (IFSC) codes of nearly its 1,300 branches, also, it announced a substantial reduction of charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts from April 1.
PK Gupta, MD Retail and Digital Banking, SBI said: “We have reduced these charges taking into account the feedbacks and sentiments of our customers. Bank has always focused on keeping the interests of its customers first and this is one of our many efforts towards fulfilling customer expectations. Bank also offers its customers to shift from regular savings bank account to BSBD account on which no charges are levied.”