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Bank Merger 2025: Reserve Bank of India has issued notifications of merger of four banks. This merger has also come into effect from December 15. After this merger, two banks have been merged into one bank. Let us understand what effect this merger of banks will have on the common customer.
New Delhi. The Reserve Bank of India (RBI) has approved the merger of four banks and this decision has come into effect from December 15, 2025. This merger took place mainly in two different parts. ‘The Amod Nagrik Co-operative Bank Limited’ and ‘The Bhuj Mercantile Co-operative Bank Limited’ based in Amod, Gujarat have been merged. From December 15, the old branches of Amod Bank are now functioning as branches of Bhuj Mercantile Bank. Similarly, ‘Amarnath Co-operative Bank Limited’ of Ahmedabad has been merged into ‘Kalupur Commercial Co-operative Bank Limited’. Now the accounts of Amarnath Co-operative Bank customers have come to Kalupur Bank.
These bank mergers have been approved by RBI through separate notifications. This approval has been given under the provisions of the Banking Regulation Act, 1949. It is important for a common customer to understand what effect this change will have on the customer’s bank account, pocket and banking? The best thing about this merger is that if your account is in any of these four banks, then you do not need to worry even an iota. RBI has made it clear that this merger is ‘voluntary’, that is, the banks have joined hands as per their wish and for the betterment. This will not cause any loss or trouble to the customers.
Is money safe after bank merger?
Yes, every rupee deposited in your account is completely safe. Neither will your money get stuck anywhere nor will there be any loss in interest rates. You should not be in a hurry to withdraw your money or close your account.
Will new checkbooks and passbooks have to be made?
Your old passbook and checkbook will continue to work for now. After some time the new bank will give you a new check book and pass book. Many times, after the merger, there is a change in the customer ID or account number, you will get this information from the bank through SMS or email.
Will IFSC code and MICR code change due to merger?
Since your old bank has now taken a new identity, its IFSC code will change. But, this change will not happen immediately. If any of your SIP, home loan EMI or any online transaction is linked to the old bank account, then you will have to update the new IFSC code in the coming days. Banks usually keep old checks and codes valid for some time.
Will bank branches be closed?
You will not have to go far for banking. The branches of ‘Amod Nagrik’ and ‘Amarnath Co-operative’ will remain where they were. Now the board outside them will change and the working style there will be like that of the bank in which it has been merged.
