Andhra Bank Merger with Union Bank of India: An Overview

The Indian banking sector has witnessed significant consolidation in recent years, with several mergers aimed at strengthening the financial stability and operational efficiency of banks. One such significant merger was between Andhra Bank and Union Bank of India. The merger, which came into effect on April 1, 2020, marked a significant milestone in the banking history of India.

Background of the Merger

The merger was part of the Government of India's initiative to consolidate public sector banks (PSBs) to create stronger and more competitive entities. Andhra Bank, along with Corporation Bank, was merged with Union Bank of India to form a significantly larger banking entity. This consolidation aimed to enhance the merged entity's ability to compete globally, improve operational efficiency, and increase its capacity to support larger credit demands.

Impact on IFSC Codes

One of the critical changes resulting from the merger was the alteration in the Identity of the bank branches. Consequently, the IFSC (Indian Financial System Code) codes of Andhra Bank branches were changed. The old IFSC codes of Andhra Bank are now INACTIVE and will lead to transaction failures if used.

Customers who previously banked with Andhra Bank need to be aware of these changes to avoid any disruptions in their banking transactions. The new IFSC code for the merged entity, Union Bank of India, can be identified by the bank code "UBIN."

Finding Your New IFSC Code

To facilitate a seamless transition, IFSCTeam.com provides a comprehensive search tool that enables customers to find their new IFSC codes easily. By using our search tool, customers can:

  • Enter their old IFSC code or branch details to find the new IFSC code.
  • Verify the new IFSC code for their specific branch.
  • Ensure that their transactions are processed smoothly without any failures.

We recommend that all customers visit IFSCTeam.com and use our search tool to find their new 2026 IFSC codes.

Updating KYC and Checkbook Details

Post-merger, it is essential for customers to update their Know Your Customer (KYC) details and checkbook information to reflect the changes. Here are the steps customers can follow:

  • Update KYC Details: Customers should visit their nearest Union Bank of India branch with the required documents to update their KYC information. This may include providing identification proof, address proof, and other relevant documents.
  • Request a New Checkbook: Customers can request a new checkbook with the updated details, including the new IFSC code and branch name. This will ensure that their checks are processed correctly.
  • Inform Beneficiaries and Employers: It is also advisable for customers to inform their beneficiaries and employers about the change in their bank's IFSC code to avoid any issues with transactions.