Under the decision of the government, 10 public sector banks have been merged. Due to this the IFSC codes of old banks will not work. Therefore, it is necessary to update it to take advantage of banking facilities.
How to update IFSC Code
After the privatization of public sector banks, the old IFSC codes of those banks have become useless. With this, net banking or online transactions etc. will not work. If you are also facing such problems then you have to get the new code immediately. There is no need to even go to the bank branch for this. You can get new IFSC code sitting at home. For this you have to follow some procedures.
Change IFSC Code from Registration
To change your IFSC code, you need to visit the official website of your bank and then register for the new IFSC code by filling your details. Customers can also take help by calling the toll free numbers of the banks.
You can also get new code in this way
In order to replace the old IFSC code with the new one, customers will have to submit a softcopy of their bank proof. You can send a request for online correction from your registered mobile number which is linked with Aadhar card.
Updates can be done from bank branch
If your account was in such banks which have been merged then you will have to hand over your old passbook and check book to the bank to get the new IFSC code. In return, they will give you a passbook and checkbook containing your updated details.
The codes of these banks became invalid
Syndicate Bank, Allahabad Bank, Dena Bank, United Bank of India, Vijaya Bank, Oriental Bank of Commerce, Andhra Bank and Corporation Bank are the public sector banks that have been merged. Due to this, the old IFSC codes of these banks have become useless. The account holders of these banks have been asked to update their IFSC codes on the web portal to continue availing the online banking facilities.
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