Today, the IFSC codes of Oriental Bank of Commerce, United Bank of India, Syndicate Bank, Andhra Bank, Corporation Bank and Allahabad Bank have changed from 1 April. The account holders of these banks will now have to use the new IFC code. Account holders of these banks will not be able to use the old IFSC and SICR codes of their bank branch. In August 2019, Finance Minister Nirmala Sitharaman decided to merge 10 public banks.
Merger of banks
Oriental Bank of Commerce and United Bank of India merged with Punjab National Bank. Syndicate Bank merged into Canara Bank, Andhra Bank and Corporation Bank merged with Union Bank of India.
| Anchor bank | Integrated bank | When will the IFSC code be changed |
| Punjab National Bank | Oriental Bank, United Bank of India | 1 April 2021 |
| Union Bank of India | Andhra Bank, Corporation Bank | 1 April 2021 |
| Indian Bank | Allahabad Bank | 1 May 2021 |
| Canara Bank | Syndicate bank | 1 July 2021 |
