Has IFSC Code of Corporation Bank changed?

Has IFSC Code of Corporation Bank changed?

IFSC codes of e-Andhra and those of e-Corporation Bank branches have been changed. Old IFSC codes of branches of both banks will not be valid from April 2021 since the the e-Andhra and e-Corporation Bank have been amalgamated with Union bank of India.

What is my IFSC code?

The full address of the branch is mentioned at the top left corner of a cheque leaf. At the end of the address, you will find an 11-digit code. This is your IFSC Code.

Can we use old IFSC code for Corporation Bank?

The existing IFSC codes for Corporation Bank will not be applicable after 1st April 2021. This move comes due to the merger of Corporation Bank and Andhra Bank with Union Bank of India. Existing Corporation Bank customers are requested to update their branch IFSC codes and intimate the same to all remitters.

Is IFSC code same for all accounts?

This code is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same. In an IFSC code, the first 4 digits of the IFSC represent the bank and last 6 characters represent the branch.

How can I get my IFSC code online?

You can find the IFSC code on the cheque leaf that is provided by the bank. The Reserve Bank of India (RBI) assigns the IFSC codes to the bank. Apart from the cheque leaf, you can also find the IFSC code on the official website of the bank and the RBI.

Will IFSC code change after bank merger?

Due to the recent mergers of several public-sector banks, many bank account holders may have to delete their old IFSC codes (Indian Financial System Codes) and get a new one in accordance with the post-merger bank regulations.

What is the new name for Corporation Bank?

The Central Government in exercise of the powers conferred by Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 after consultation with the Reserve Bank of India has notified the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 (” …

Will IFSC code change after Bank merger?

How can I get IFSC code after merger?

To change your IFSC code, visit the official website of your bank and register for the new IFSC codes by filling in your details again. In case of confusion, account holders can call on the bank’s toll-free number or reach their personal customer care executive.