Syndicate Bank Customers To Get New IFSC, Cheque From July 1

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New Delhi, 15th June 2021: The current Indian Financial System Code (IFSC) of erstwhile Syndicate Bank would be disabled from July 1 and a new IFSC code will apply from July 1. Syndicate Bank merged with Canara Bank on April 1, 2020. Now, all branches of Syndicate Bank are working as Canara Bank’s branches.

“The IFSC of erstwhile Syndicate Bank branches will change from July 1, 2021. Customers have to use the new Canara Bank IFSC for receiving money through NEFT/RTGS/IMPS,” Canara bank said.

For obtaining new IFSC, customers can follow the link URL canarabank.com/IFSC.html or they can visit any Canara Bank branch.

The new cheque book will be issued to erstwhile Syndicate Bank customers with changed IFSC and MICR codes. IFSC, an 11-character alphanumeric code, is mandatory for completing NEFT, RTGS or IMPS transactions. Each branch has a unique code.

Canara Bank announced in March 2021, “The cheque book issued by erstwhile Syndicate bank branches is valid only up to Jun 30, 2021. Therefore, the customers can use the cheque book with Syndicate bank’s IFSC and MICR codes only till the end of June.

SWIFT code of erstwhile Syndicate bank (SYNBINBBXXX) used for sending and receiving swift messages on foreign exchange transactions, will be disabled with effect from July 1, 2021. All customers have to use SWIFT code (CNRBINBBBFD) for any foreign exchange needs.”

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