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Your bank will change from 01/04/2020 RBI announced.
Your bank will change from April 1, 2020 as the practice of merging 10 government banks into four major banks is in its final stages. The merger of these 10 banks on April 1 will lead to four major banks, which will be the largest merger of India's financial sector.
The Reserve Bank of India (RBI) notified the merger on Saturday of this month. Will be implemented by public notification at the outset. This is going to be a big change in the banking sector.
That's where Syndicate Bank will operate as Canara Bank. The branch of Andhra Bank and Corporation Bank will work as Union Bank of India. While the branches of Allahabad Bank will function as the branches of the Indian Bank. Bank Employees Unions and Associations have put a lot of effort into this merger as it was the time of lockdown. He said that distributing government benefits to the Jan Dhan Yojana account holders is a major challenge.
Your bank will change from April 1, 2020. RBI announced.
RBI Announces Release According to a release issued by RBI President General Manager Yogesh Dayal, each branch of Allahabad Bank will operate as a branch of Indian Bank from April 2020. There, the account holders and depositors of Allahabad Bank will all be considered customers of Indian Bank from April 2020. Another release from the Central Bank on Saturday said that all branches of Andhra Bank and Corporation Bank will operate as a branch of Union Bank of India from April 1, 2020. In this way, the customers, account holders and creditors of Andhra Bank and Corporation Bank will all be considered as customers of Union Bank of India.
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