What is new IFSC code of Allahabad Bank after merger?

“From 1st July 2021 new IFSC of erstwhile Allahabad Bank will be IDIB000XXXX,” the bank said in one of the advertisements published in a national daily.

Is Allahabad Bank IFSC code changed?

In fact, allahabad bank has been merged with Indian Bank since April 1, 2020. After which customers can contact their home branch or get a new IFSC code by logging on to www.indianbank.in/amalgamation to know their new IFSC code starting with IDIB for RTGS, NEFT, IMPS(IMPS).

What is the latest IFSC code of Allahabad Bank?

IFSC Code for Allahabad Bank Hence the format of Allahabad Bank’s IFSC code is ALLA0123456.

Can I use old IFSC code of Allahabad Bank?

For IFSC codes Customers that had accounts with the Allahabad bank would now have to get a new Indian Financial System Code (IFSC) as the old one would not be applicable. Failure to do this would result in non-conduction of any monetary transactions.

Will Allahabad Bank change name after merger?

Allahabad Bank has merged into Indian Bank on April 1, 2020. The interest rates of Indian Bank will now be applicable on Allahabad Bank.

Is Allahabad Bank merged with any bank?

The mergers that are taking place are as follows – Syndicate Bank merged with Canara Bank, Allahabad Bank has been merged with Indian Bank, Vijaya Bank and Dena Bank have both been taken into the fold under the Bank of Baroda.

Is Allahabad Bank changed to Indian Bank?

Do we need to change IFSC code after merger?

In light of the mergers between banks, account holders will need to acquire new IFSC codes to access online money transfer facilities, to and from the bank. In the wake of the recent mergers of banks in the public sector, many account holders will need to do away with their old Indian Financial System Codes (IFSC).

Does IFSC code change after merger?

If you are facing trouble while making online transactions or net banking then this news is for you. Recently, due to the merger of several public-sector banks, banks will have to get new IFSC codes (Indian Financial System Codes) in accordance with the post-merger regulations.