Indian Bank, which is a state-owned bank on Monday said that it has successfully integrated the software system with the Allahabad Bank following the amalgamation, on Monday. The scheme of the merger between Allahabad Bank and the Indian Bank came into action on April 1, 2020. After the Allahabad Bank’s merger with the Indian Bank, many new rules came into effect from Monday. Here are the new rules that existing/new customers have to know:
1. IFSC codes
Allahabad Bank customers, who have had accounts with the bank, will be able to get a new Indian Financial System Code or an IFSC code as the old one would not be acceptable anymore.
Customers should only use the Indian Bank’s IFSC codes starting with ‘IDIB..’ from February 15 onwards for remittances (RTGS, NEFT, IMPS).
If someone wants to know more, customers can log into www.Indian bank.in/amalgamation and enter the old IFSC code. This is how they will obtain the fresh code. An SMS can be sent to 92668 01962 from the registered mobile number as IFSC<Space> <OLD IFSC> (Eg. IFSC ALLA0210999).
2. Net banking services
Customers wanting to use the internet banking services have to log on to https://indianbank.net.in from February 15 with their existing log-in information.
3. Mobile banking, IndOASIS app
To receive mobile banking services, customers have to install the IndOASIS app on their phones. They also have to start using it from February 15. The app is available on Google play store and IOS.
4. Cheque book, passbook
Customers are allowed to use their existing chequebooks until they are exhausted. However, the new passbooks in the new format of the Indian Bank will be issued after February 15. Customers must receive a new passbook from the bank from their nearest branch.
5. Complete information on the Indian Bank website
Customers must also note that the bank has to take full care to make sure that there are no problems for the customers and that they can get the services from the bank. The account holders will get all kinds of information about the new rules through the website http://indianbank.net.in.
