Understanding the Merger and its Impact on IFSC Codes

On April 1, 2019, Dena Bank, along with Vijaya Bank, merged with Bank of Baroda (BoB), marking a significant consolidation in the Indian banking sector. As a result of this merger, the IFSC codes of Dena Bank and Vijaya Bank were rendered inactive, and customers were required to update their IFSC codes to the new BoB codes.

The Importance of Updating Your IFSC Code

The old IFSC codes of Dena Bank are now inactive, and any transactions attempted using these codes will result in failures. It is essential for customers to update their IFSC codes to the new Bank of Baroda codes to ensure seamless transactions.

Consequences of Using Old IFSC Codes

Using old IFSC codes can lead to:

  • Transaction failures
  • Delayed payments
  • Potential losses due to failed transactions

To avoid these issues, customers must update their IFSC codes to the new ones.

Finding Your New IFSC Code

To find your new IFSC code, you can use the IFSCTeam.com search tool. Simply enter your branch name, city, or old IFSC code, and our tool will provide you with the corresponding new IFSC code.

Steps to Search for Your New IFSC Code

  • Visit IFSCTeam.com
  • Use the IFSC code search tool
  • Enter your branch name, city, or old IFSC code
  • Get your new IFSC code

Updating KYC and Checkbook Details

Post-merger, customers are required to update their Know Your Customer (KYC) details and checkbook information to reflect the changes.

Steps to Update KYC and Checkbook Details

  • Visit your nearest Bank of Baroda branch
  • Submit a request to update your KYC details
  • Provide required documents, such as ID proof and address proof
  • Update your checkbook details with the new IFSC code and account number (if changed)