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How do I close a Union Bank account in India online?

Coming to closing account online concept in India, it is not possible to close your Union Bank of India Account Online. To close your account it is mandatory to visit the branch and fill out the account closure application form.

How can I transfer my Sukanya Samriddhi account from the post office to SBI?

Want to transfer your Sukanya Samriddhi Account from post office to bank? Or you want to transfer from one post office to another post office or one bank account to another bank account? This situation mostly arrives when someone changes city due to the job or any other reason.I will help you to understand the process and answer all your queries. Just for your information, if you have SSA account in post office better you transfer that to any of the authorized banks so that you can enjoy better facilities like net banking transfer, online balance check etc.List of Authorized Banks for Opening / Transferring Sukanya Samriddhi AccountAlthough I have shared already, here is the list of 28 banks where you can transfer your SSA account from the post office.State Bank Of India (SBI)State Bank Of Patiala (SBP)State Bank of Bikaner & JaipurState Bank of Travancore (SBT)State Bank of Hyderabad (SBH)State Bank of Mysore (SBM)Andhra BankAllahabad BankBank of Baroda (BOB)Bank of India (BOI)Punjab & Sind BankBank of MaharashtraCanara BankCentral Bank of IndiaCorporation BankDena BankIndian BankIndian Overseas Bank (IOB)Punjab National Bank (PNB)Syndicate BankUCO BankOriental Bank of Commerce (OBC)Union Bank of India (UBI)United Bank of India (UBI)Vijaya BankAxis Bank LtdICICI Bank Ltd.IDBI Bank Ltd.Note: You can also open SSA account in other banks like HDFC Bank, ICICI Bank which are not mentioned in the initial list of authorized banks. Please check your bank website or call them whether they have enabled the SSA account opening process.Steps To Transfer Sukanya Samriddhi Yojana AccountThis is a very simple step by step guide and I will describe for one process. I will share the process of transfer from the post office to the bank, you can follow the same for the bank to bank also. In the case of the post office to post office transfer, you can do it easily if both the post offices are CBS enabled.Step #1 Visit Your Post OfficeFirst of all, you have to visit your post office where you have opened the SSA account. Make sure you carry all necessary documents like passbook, photo id proof, KYC document, a photograph of girl child etc.Step #2 Fill up account transfer request formYou have to fill up the account transfer form which is nothing but the SSA account closure form. You have to share the details of the bank where you want to transfer your bank account.Step #3 Document verificationAfter that post office executive will verify the documents and after successful verification, you will be provided with the documents like Original certified copy of the account, application form filled up, remaining account balance DD or cheque etc.Step #4 Visit Your BankAfter that, visit your nearest bank and follow the process of new account opening. You have to fill up the SSA application form and submit all the necessary proofs with the documents received from the post office.After verification by the bank executive, you will get the new SSA passbook. The amount will be transferred from the post office to bank account in next few days.ConclusionSo, these are the simple step by step process with which you can easily transfer your Sukanya Samriddhi Account from the post office to SBI, HDFC Bank, ICIC Bank etc. You can write a comment below and share your experience or any question regarding Sukanya Samriddhi Yojana transfer process.Original Post: How To Transfer Sukanya Samriddhi Account From Post Office To Bank?

How would NPA cases be handled after the merging of banks?

Hello,My view is that Bank mergers does not mean that there will be closure of branches immediately.Branches will continue to function, as they are, atleast for a period of 6-12 months post merger with few exceptions. Pre merger planning is already set in motion where in the acquiring bank head will have a series of meetings with the heads of banks to be merged/ lose their entity.The synergies of merged entity will be known better in a year or so by which time a clear picture should emerge as to which are all the branches to be closed/ merged. Normally a bank branch with a better health in a particular place, where there are other branches of proposed bank are existing, will acquire them.For example: Andhra Bank is getting merged with Union Bank of India. Lets say, an Andhra Bank Branch of bigger size, say Scale V, in Gandhi Marg is having good performing advances. Besides big business, the popularity of that branch and locational advantage also matter. In such a scenario, the near by Union Bank of India’s smaller branches in that area may be closed and get merged with Andhra Bank in view of its good health. However the name obviously will change as Union Bank of India, Gandhi Marg Branch which makes people to feel Andhra Bank Gandhi Marg branch is closed. Customers or its service will in no way be effected, rather should improve with merger, despite initial hiccups.There could be some changes in HR like transfers/ replacements of some staff including some Tier II bosses. But it in no way effects the loan accounts/ borrowers. The action plan already set in motion in the branch for recovery of NPAs will continue to be as usual. Hope this clarifies.

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