Canara Bank will change the IFSC code of Syndicate Bank from July 1, 2021. The new IFSC URL can be accessed by visiting Canarabank.com/IFSC.html or Canarabank’s website, the statement said. Otherwise, customers of the former syndicate bank will need to get a new checkbook with the changed IFSC and MICR code Let us tell you that in August 2019, Finance Minister Nirmala Sitharaman decided to merge 10 public banks. Now the IFSC code and MICR code of these banks will be changed.
All Syndicate Bank customers are requested to check the updated IFSC code from their branch. Customers will have to use the new Canara IFSC to accept cash through Neft / RTGS / IMPS, the bank said in a statement. The bank has asked customers to update the new IFC code, otherwise the benefits of facilities like NETF / RTGS / IMPS will not be available from July 1
When any bank changes the IFSC code
|Anchor Bank||The combined bank||Date|
|Punjab National Bank||Oriental Bank, United Bank of India||1 April 2021|
|Union Bank of India||Bank of Andhra Bank Corporation||1 April 2021|
|The Indian Bank||Allahabad Bank||1 May 2021|
|Bank of Canara||Syndicate Bank||1 July 2021|