All the necessary preparation to work as an amalgamated entity is in place, the

release said
The amalgamation is undertaken to ensure achieve a wider network, harmonized
products and services, enhanced capital base and increased economies of scale with
smooth transition and minimum disruption to customers, the release further said.
The current amalgamation will open up avenues for customers to benefit from its
capabilities to provide enhanced credit exposure with reduced costs, increased
operational efficiency owing to centralized processing channels and enhanced
multiple delivery channels with increased outreach, the release said.
To enable customers of any of the three banks to conduct operations,
interoperability has been built through a specific tool MobiTeller which is now
being implemented, the release said.
Customer Centricity is the key by bringing in the Best in Class products and
services at reduced costs to all its customers, the release said.
Customers will now be able to conduct basic transactions like cash deposit and
withdrawal, balance inquiry etc. from any branch of the other two banks as well.
In the wake of COVID 19 outbreak bank has focused on leveraging its technology
tools requesting the customers to stay safe and have safe banking, the release
said.
The account numbers, MICR Codes, IFSC Codes, cheque books, the mobile apps,
portals, usernames, passwords etc. all remain same, the release said.
The banking regulator today also notified amalgamation of Oriental Bank of Commerce
and United Bank of India with Punjab National Bank Syndicate Bank with Canara Bank
Allahabad Bank with Indian Bank.