If you have an account in this bank, then this news is for you. In fact, this is big news for bank account holders who have accounts in DBS Bank India Limited (DBIL) and Lakshmi Vilas Bank (LVB). In fact, due to the merger of the banks, the old cheque books of many banks had to be updated by the customers, now due to the fact that there is a complaint of these banks and the old chequebooks with their customers will only last till February 28, in such a way, if the bank customers do not pay attention, they may have to face trouble in the future.
Let us also tell all of you that the news has worked for DBS Bank India Limited (DBIL) and Lakshmi Vilas Bank (LVB) customers because these two banks have merged, after this, the IFSC and MICR codes of all the branches have also been changed. Let you all know that as per the information provided by DBIL Bank, from 1st March 2022 onwards, NEFT/NEFT/ RTGS / A new IFSC code will be required to transact money through IMPS.
Yes, and for this, DBIL Bank had sent letters to its customers, informing them about the change in branches through email and SMS. In such a situation, if you have existing cheques before February 28, 2022, then they will have to be replaced with a new cheque. Yes, and after this date, cheques with old MICR codes will not be taken. There is a new IFSC code/ You can see the full text of the MICR code here.