Syndicate Bank was merged with Canara Bank. This was part of the mega-merger of 10 public sector banks by the government. In such a situation, customers who have not updated their IFSC code. Do this work as soon as possible.
IFSC code and check book of Syndicate Bank have become invalid after June 30. Syndicate Bank was merged with Canara Bank in April 2020. This was part of the mega-merger of 10 public sector banks by the government. Now the IFSC and MICR of this bank were also changed in the financial year 2021-22. The old IFSC code has been closed since June 30. In such a situation, customers who have not updated their IFSC code. They must be facing difficulties in transactions now. If you have also not done this work then you can update your IFSC code online.
The new IFSC codes will now start with CNRB instead of SYNB and 10000 will have to be added to the existing IFSC code number. Canara Bank has been continuously updating the customers about this.
What is IFSC Code?
IFSC (Indian Finance System Code) code is an 11 digit code, which consists of both alphabet and number. This code is used to transfer money online through NEFT, RTGS, IMPS. This is the unique code of each bank branch. IFSC code is very important for digital banking. Transaction will not happen without IFSC code.
Know your IFSC Code like this
If you are a customer of Syndicate Bank, then you can find out the new IFSC code sitting at home. Firstly, by clicking on a link https://www.canarabank.com/IFSC.html , you can find out about your branch and see the IFSC code. Apart from this, the bank has given a link on its portal itself.
After clicking on this link, you have to enter the name of your branch in the given space. Enter the branch name and click on ‘Click here to get new IFSC’.
Apart from this, you can also know your IFSC code by visiting the bank branch. Customers can also contact Canara Bank through customer care number 18004250018.
What the bank said
The bank has said that we request you to inform the senders to use your new IFSC code starting with “CNRB” only while sending NEFT/RTGS/IMPS. Canara Bank also announced the closure of the existing SWIFT code, which was being used by the customers of the erstwhile Syndicate Bank for foreign exchange transactions.