The merge of Vijaya and Dena Bank came into effect today with Baroda Bank. The merge has dragged the position of the bank to top three largest in India. The merger will allow customers of all three banks to avail facilities at a larger number of branches, ATMs and other services.
“We don’t plan to close any branch. Should we decide to merge branches, you will be notified well in advance,” the bank said.
Bank of Baroda added, “the existing account number, IFSC code, MICR code and other identifiers of account and branch will continue, till a change is notified and announced.”
“There will be no immediate changes in any terms and conditions of existing credit facilities. However, the facilities are to be governed by the guidelines and policies of Bank of Baroda, post-amalgamation,” said the Bank.
For services charges, both Vijaya Bank and Dena Bank have issued a detailed list of charges applicable from today.
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