Amalgamation

Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank

Amalganation

Bank of Baroda, erstwhile Dena Bank and erstwhile Vijaya Bank come together to join their rich past and legacy to forge a dynamic future. Their strong relationships with over 120 million happy customers are proof of the transformed experience their amalgamation will bring. While they will continue to remain focused on business growth, they will also use this opportunity to create one of the best banks in the country for their employees, partners, and the most important stakeholder of all their customers.

Amalganation

Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank are established institutions serving the nation and the society at large, with a legacy of 80 – 100 years. The combined synergy of the three banks is aimed at deepening the relationship with the customers by offering wider range of products & services, enhanced network of branches, ATMs and a different banking experience. The synergy is aimed at creating a contemporary banking entity that’s truly Indian at Heart and Global in Scale.

This process of amalgamation promises to leverage the specific skills of each bank and imbibe their best practices. This mega entity has the ability to do more and reach further to fulfil customers with world class offerings backed by robust processes.

The power of 3 became an organic thought for campaign and it came effortlessly from the intent and purpose of dynamic amalgamation. The articulation for it then became an evocative campaign line “Ab Saath Hain Teen, Behtar Se Behtareen” which takes inspiration from the fact that the whole is always bigger than the sum of its parts. That when three great institutions come together, things will go from better to the best.

Frequently Ask Questions (FAQs)

Q

Whether the account number and IFSC code will be changed for the existing customers?

The existing account number, IFSC code, MICR code and other identifiers of account and branch will continue, till a change is notified and announced

Q

Whether I have to close my account in erstwhile Dena / erstwhile Vijaya Bank?

The existing account with erstwhile Vijaya Bank and erstwhile Dena Bank will continue, till otherwise notified and communicated

Q

Whether I will get new cheque book/ATM card and what will happen to existing cheque book/ATM card

The existing ATM card and cheque books can be used till otherwise notified, well in advance

Q

What will be the new name of the merged Bank?

Bank of Baroda

Q

Will the branches of Bank of Baroda get merged with erstwhile Dena bank and erstwhile Vijaya bank thus resulting in the change of location of the branches?

As of now, there is no change in location of branches. Should there be any change, you will be notified well in advance

Q

Will some branches close after the merger?

We don’t plan to close any branch. Should we decide to merge branches located close by/nearby, you will be notified well in advance

Q

Whether lockers will be shifted in case Bank of Baroda Branch is getting merged?

Should we decide to merge the branches located close by, customers will be allocated lockers in the new branch

Q

Will I see changes in the terms and conditions of my loans or lines of credit?

There will be no immediate changes in any terms & conditions of existing credit facilities. However, the facilities are to be governed by the guidelines/policies of Bank of Baroda, post amalgamation. Any changes in the terms & conditions shall be informed in advance and consent shall be obtained prior to effecting the changed terms & conditions

Q

Which bank will merge with which bank?

erstwhile Vijaya Bank and erstwhile Dena Bank are amalgamating with Bank of Baroda w.e.f. 1st April 2019. The name of the amalgamated entity or Bank will be Bank of Baroda erstwhile Vijaya Bank and erstwhile Dena Bank are amalgamating with Bank of Baroda w.e.f. 1st April 2019. The name of the amalgamated entity or Bank will be Bank of Baroda

Q

Is erstwhile Dena / erstwhile Vijaya Bank private or government?

All three Banks are Public Sector Banks, i.e., Banks in which the Government of India holds a majority stake

Q

Why do mergers happen?

The government of India approved the merger of erstwhile Dena Bank and erstwhile Vijaya Bank with Bank of Baroda to make it a globally competitive lender. With the merger, the new bank will become the third largest bank after State Bank of India and ICICI Bank. Any merger or amalgamation of one or more banks provides a broader geographic footprint and helps derive the benefit of size, scale, strength. Now, the combined entity has a network of close to 9500 branches and approximately 13000 ATMs across India. ( erstwhile Vijaya Bank - ATMs approx 2000 & Branches approx 2050 ,erstwhile Dena Bank - ATMs approx 1500 & branches approx 1850)

Q

How many branches does BOB/ erstwhile Vijaya /erstwhile Dena have?

Bank of Baroda has around 5500 branches in India and 104 branches in overseas locations. erstwhile Vijaya Bank has approximately 2050 branches and erstwhile Dena Bank has around 1850 branches in India

Q

Is erstwhile Vijaya Bank/ erstwhile Dena Bank closing?

No. erstwhile Vijaya Bank and erstwhile Dena Bank are being amalgamated with Bank of Baroda and the name of the amalgamated entity or Bank is Bank of Baroda

Q

How the Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank merger will impact the customer?

The customer will become a part of the larger organization or Bank, named Bank of Baroda.The new entity will have an increased market share, which will help improve economies of scale and become more profitable. The customers of each Bank will benefit by way of larger number of branch and ATM network, have access credit facilities and a wider array of products and services

Q

How will this merger benefit customers and our communities?

The combined entity has a network of close to 9500 branches , approximately 13000 ATMs across India. ( erstwhile Vijaya Bank - ATMs approx 2000 & Branches approx 2050 , erstwhile Dena Bank - ATMs approx 1500 & branches approx 1850) . Customers can also choose from a broader suite of products & services. The combined entity is now the second largest public sector Bank in the country and third largest bank after State Bank of India and ICICI Bank. Any merger or amalgamation of one or more banks provides a broader geographic footprint and helps derive the benefit of size, scale, strength.

Q

What about the charges of NEFT/RTGS from BOB To erstwhile Dena/ erstwhile Vijay and vice versa

Charges will not apply , branch will refund/reverse the charges to your account

Q

Can I make deposits with any of the branches in BOB, erstwhile Dena, erstwhile Vijaya?

For Cash/Cheque deposit, customer to visit branches of parent bank only

Q

Will I still be able to use ATMs anywhere with no fees?

You can use the ATMs of any of the 3 banks, no ATM transaction charges will be levied

Q

Can a customer of erstwhile Dena Bank & erstwhile Vijaya bank access Bank of Baroda ATM and vice-versa?

Yes, Customers of Bank of Baroda, erstwhile DENA bank and erstwhile Vijaya Bank can avail the following basic services at any of the bank's ATM without any additional charges.

  • Cash withdrawal
  • Balance enquiry
  • Mini statement
  • Pin change

Q

Which card & variant will I receive If I apply for a new Debit Card or reissue my existing card of erstwhile Dena and erstwhile Vijaya bank?

Effective 1st April 2019, all cards issued/reissued will be of Bank of Baroda branding for both erstwhile Dena Bank and erstwhile Vijaya Bank

Q

What will happen to my QAB? Will it change?

We have tried our best to cause minimal changes to the existing QAB limit and charges. Incase of any further changes, we'll notify the customers in advance

Q

Will there be a change in the Interest rates on my RD/FD and savings accounts?

As of now there are no changes, any future changes in interest rates will be displayed on Bank's website as well as in branch premises with advance notice

Q

Will there be any new service charges that will be levied on my account?

Merger has not resulted into any new service charges for the customers. Incase of any changes, we'll notify the customers in advance

Q

What will happen to my existing shares of erstwhile Vijaya Bank / erstwhile Dena Bank?

Shares of erstwhile Vijaya Bank and erstwhile Dena Bank will be converted as under:

  • 402- Equity shares of Rs. 2/- each of Bank of Baroda for every -1000- equity shares of Rs.10/ - each of erstwhile Vijaya Bank.
  • 110- Equity shares of Rs. 2/- each of Bank of Baroda for every -1000- equity shares of Rs.10/ - each of erstwhile Dena Bank.

Q

What about my Digital Banking channels viz Mobile Banking/Internet Banking/UPI/BBPS/BHIM/Prepaid Cards

No change in any of the processes, all applications of the three banks will continue to work as it is. All applications of the banks will continue to be functional to service the customers

Brand Anthem

Video Gallery

  • Director
  • Amalgamation
Bank of Baroda
Vijaya Bank

Erstwhile Vijaya Bank

https://www.vijayabank.com

Dena Bank

Erstwhile Dena Bank

https://www.denabank.com

Toll Free

For any queries, Kindly contact the branch or call at

Amalgamation Related Escalation

1800 258 1700 (7:00am to 10:00pm)

Bank of Baroda

1800 258 4455,
1800 102 4455

Erstwhile Vijaya Bank

1800 425 5885,
1800 425 9992

Erstwhile Dena Bank

1800 233 6427

Paid Call

022-62242424

Amalgamation Related Escalation

1800 258 1700 (7:00am to 10:00pm)

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