The Reserve Bank of India (RBI) has made an important announcement stating that North East Small Finance Bank Limited has been renamed ‘Slice Small Finance Bank Limited.’ This change has been recorded under the Second Schedule of the RBI Act, 1934. Following this update, many customers have questions such as: Will the old debit cards and checkbooks still work? Will the IFSC code change? Let us explain the answers to all these questions in a simple way.
What Impact Will the Name Change Have on Customers?
The name change will not affect customers’ day-to-day banking services for now. You can continue to use your existing passbooks, debit cards, and checkbooks as before. There is no need to make any changes unless the bank issues new instructions.
Will the IFSC Code Change?
The IFSC code is a unique identifier used for online transactions (NEFT, RTGS, IMPS). Although the code includes the bank’s name, a mere name change does not immediately alter the IFSC code. If any changes to the IFSC code are made in the future, the bank or RBI will provide clear and timely information about it.
How Will the Change Be Implemented?
Such name changes are implemented gradually to ensure customers face no inconvenience. The bank will keep customers informed of all necessary updates through SMS, email, or official notices.
What to Do If You Need Assistance?
If you have any doubts about this name change, you can visit your nearest bank branch for information or call the bank’s customer care number for assistance.
In Summary, Customers Need Not Worry
A bank name change is a routine process. It does not affect your account status, the safety of your money, or your banking services. Continue using all your existing documents—such as passbooks, checkbooks, and cards—as you did before.
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