Five Bank Mergers: What Happens to Customer Deposits?
Five banks, First Security, Global Islami, Union, Exim, and Social Islami are merging to form United Islamic Bank. Customers' deposits are fully protected, existing accounts remain valid, and old checks will continue to be honoured. Withdrawals start within a month, and normal banking operations will continue. The integration process may take up to two years.
Keep updated, follow The Business Standard's Google news channel
