How the PSU bank merger that comes into force on April 1 will impact you

PSU Bank merger: You'll have to take stock of your cheque books, passbooks, IFCS, ECS mandates and other things once you start dealing with the new entity

Change is inevitable. And this seems to be true for customers of eight banks--Vijaya Bank, Corporation Bank, Andhra Bank, Syndicate Bank, Oriental Bank of Commerce, United Bank of India, Allahabad Bank and Dena Bank--whose merger comes into force on April 1. If you are a customer of any of these banks, there are a few things you should know, and some action you should take, as cheque books, cards, Indian Financial System Code (IFSC) and Magnetic Ink Character Recognition Code (MICR) change.  

Chequebooks: Your first step will be to gather your old cheque books and passbooks of the merging bank