Introduction to Oriental Bank of Commerce
Oriental Bank of Commerce (OBC) was a public sector bank in India that was established in 1943. It was one of the oldest and most respected banks in the country, with a rich history and a strong presence in the Indian banking industry.
Merger with Punjab National Bank
On April 1, 2020, Oriental Bank of Commerce merged with Punjab National Bank (PNB), another public sector bank in India. The merger was part of the Indian government's plan to consolidate the public sector banking industry and create larger, more efficient banks. The merger resulted in the creation of the second-largest public sector bank in India, with a combined asset base of over ₹17.5 lakh crore.
Impact on IFSC Codes
As a result of the merger, the IFSC codes of Oriental Bank of Commerce were changed to reflect the new entity. The old IFSC codes of OBC are now inactive and will lead to transaction failures if used. It is essential for customers to update their IFSC codes to the new PNB IFSC codes to avoid any disruptions to their banking services.
We recommend using the IFSCTeam.com search tool to find the new 2026 IFSC codes for your PNB branch. Simply enter the old OBC IFSC code or the branch name, and the tool will provide you with the updated IFSC code.
Updating KYC and Checkbook Details
Post-merger, it is crucial for customers to update their KYC (Know Your Customer) details and checkbook information to reflect the changes. Customers can visit their nearest PNB branch to update their KYC details and obtain a new checkbook with the updated IFSC code.
- Visit the nearest PNB branch with the required documents (Aadhaar card, PAN card, etc.)
- Fill out the KYC update form and submit it to the bank representative
- Request a new checkbook with the updated IFSC code