The State Bank of India on Thursday notified its customers that cheque books and India Financial System (IFS) code of six of its subsidiary banks would be invalid from September 30 and asked them to submit new applications.

These banks are,
State Bank of Patiala,
State Bank of Bikaner and Jaipur,
State Bank of Raipur,
State Bank of Travancore,
State Bank of Hyderabad and
Bhartiya Mahila Bank.

Earlier in April, these banks had merged with SBI, which put SBI among the top 50 banks in the world.

On the Minimum Account Balance issue, Kumar also said that there could be a change in policy, especially for senior citizens and students who have an account with SBI. "We have received feedback from our customers on the issue and we are reviewing those. The bank will take into account those and make an informed decision," Rajnish Kumar, the banks managing director (national banking group), told PTI.

MAB for metro branches were raised to Rs 5,000 and penalty for non-maintenance of minimum balance was decided to be kept between Rs 50 and Rs 100. For urban and semi-urban branches, it was fixed at Rs 3,000 and Rs 2,000 respectively.