The cheque books and IFSC codes of six subsidiary banks of SBI have become invalid from today. The State Bank of India had earlier asked the customers of these banks to apply for new SBI cheque books ‘as soon as possible’. These account holders also require a new Indian Financial System (IFS) code. SBI had announced: “All the erstwhile associate banks of SBI and the Bharatiya Mahila Bank users need to upgrade their cheque books.”
These six banks include Bharatiya Mahila Bank, State Bank of Patiala, State Bank of Raipur, State Bank of Travancore, State Bank of Bikaner and Jaipur, State Bank of Hyderabad. NDTV reports that users can avail the new cheque books via internet and mobile banking, ATM or by visiting the home branch
We request customers of SBI’s erstwhile Associate banks and Bharatiya Mahila Bank to apply for new SBI Cheque books as soon as possible. pic.twitter.com/iWhq4xtbrn
— State Bank of India (@TheOfficialSBI) September 20, 2017
Rajnish Kumar, the bank’s managing director (national banking group) was quoted by PTI as saying, “We have received feedback from our customers on the issue and we are reviewing those,” he added, “The bank will take into account those and make an informed decision.” Kumar also hinted that bank may bring some changes in the policy of minimum balance issue, especially for students and senior citizens with an account with the SBI. “We will internally debate whether any moderation for certain categories of customers like senior citizens and students needs to be done anywhere. The charges are never cast in iron,” he said.