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Indian Financial System Codes News

10 Jul 2021

Alert! THESE banks’ IFSC codes remain invalid: Here’s how to make a new one

The old IFSC codes will remain invalid for online transactions through NEFT, RTGS or IMPS routes. Syndicate Bank, Allahabad Bank, Dena Bank, United Bank of India, Vijaya Bank, the Oriental Bank of Commerce, Andhra Bank and Corporation Bank are those public sector banks whose mergers have already been announced. Due to this, the account holders in these banks will be asked to update their IFSC codes on the web portal to continue availing online banking facilities.

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