
I have a saving account with Dena bank. What will be the impact on my account after the Dena-BoB-Vijaya merger?


Follow
Existing customers of Dena Bank and Vijaya Bank need not worry due to the merger. All their accounts will be continued, but with Bank of Baroda. If any changes made to the account and bank policy, all notifications will be timely provided to the respective customers.
In regards to cheque book and ATM card, customers can continue using them. New cards with Bank of Baroda branding will be issued to all customers soon by April 2019.
If you want to deposit cash or cheque then you can visit the branch of your respective bank.
Changes will be seen in existing Quarterly Account Balance limits and charges.
Customers don't have to worry about any shutdown of Dena Bank and Vijaya Bank branches. They can visit any branches. Branches will function as Bank of Baroda from April 1, 2019.
Terms and conditions of loans or other credit facilities will remain the same. However, it will be under the policies of Bank of Baroda, currently, no changes will be made.
For fund transfers between Bank of Baroda, Dena Bank and Vijaya Bank using NEFT or RTGS services, there won't be any charges.
No extra charges in using ATM services in any of the three banks. Charges will be continued to exist over basic services like cash withdrawal, balance enquiry, mini statement and pin change at any of the banks’ ATMs.
The digital banking facilities of all three banks will continue to function as earlier.
The combined bank will now aim to expand by 9,500 branches, more than 13,400 ATMs with 85,000 employees serving 120 million customers.