Financial institution of Baroda (BoB) has accomplished the combination/migration of 3898 branches of erstwhile Vijaya Financial institution and Dena Financial institution with itself. BoB has accomplished the combination of 1770 erstwhile Dena Financial institution Branches in December 2020. It had earlier accomplished the combination of 2128 erstwhile Vijaya Financial institution Branches in September 2020. With this, the combination of erstwhile banks with Financial institution of Baroda stands accomplished a lot earlier than dedicated timeline, BoB stated in an announcement right this moment (December 20, 2020).
BoB is India’s nation’s third-largest public-sector financial institution (PSB) by belongings. Within the one among its sort merger at this scale, over 5 crore buyer accounts had been migrated. Additionally, along with branches, all ATMs, POS machines and bank cards have been migrated efficiently.
After the profitable integration, all prospects of the financial institution now have entry to a complete of 8248 home branches and 10318 ATMs throughout India. These will present them full entry to your entire suite of merchandise and repair choices of Financial institution of Baroda, BoB stated.
Additionally, all prospects will now have entry to Financial institution of Baroda’s Digital Channels similar to Baroda Join and M-Join.
How you can get IFSC Code, Financial institution Account, ATM Card particulars
BoB stated that the shoppers whose accounts have been migrated can get any data relating to their accounts similar to account quantity, IFSC code by utilizing any digital channels or name centre or any department.
The Debit Playing cards already issued to prospects by erstwhile Banks will proceed to perform till the stipulated expiry of the Card.
Commenting on the entire integration of the three banks, Sanjiv Chadha, MD & CEO ,stated, “We’re happy to tell that we’ve got efficiently accomplished absolutely Integration of erstwhile Banks with Financial institution of Baroda amidst the challenges confronted beneath the COVID atmosphere. We’re blissful to as soon as once more welcome all our esteemed prospects and request them to avail full suite of Financial institution of Baroda merchandise and digital options. With the profitable integration, the Financial institution is properly poised to derive and consolidate the advantages arising from this amalgamation of the three Banks, aside from driving synergies.”