Public Sector Banks that were merged - were you affected?In the last few years, especially last year, there has been quite an upheaval for the general public due to the merging of various public sector banks. The mergers included-
Allahabad Bank with Indian Bank
Syndicate Bank into Canara Bank
Andhra Bank and Corporation Bank both with Union Bank of India
Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with Punjab National Bank (PNB)
Prior to that, Vijaya Bank and Dena Bank were merged with Bank of Baroda; and State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Hyderabad, and State Bank of Patiala all were merged with SBI.
How many of you faced major hassles due to the merging of banks? You need not mention which banks you are having an account with.
In my case, we did have some issues. As it is, some years ago our short account number expanded to a long one due to an updating of the system by the bank's Head Office, a number that could not be remembered off-hand. A couple of years after that, due to some structural problems in the building, the branch location shifted. Though in the same locality as such, it meant an extra 10 minutes of walking than the earlier closer location. Then, as a result of a merger, we had to get new passbooks and cheque books. That itself took ages to get due to problems with the server and other things. The cheque books were really important as we had to intimate all the mutual funds' houses of the change in the Bank name and for that had to provide a cancelled cheque as a supporting document. So that got delayed due to the cheque books taking so long.
The ultimate joke was that all our new passbooks indicate our profession as farmers!!