Which banks were merged in India in 2020?

In 2020, the Government of India merged 10 public sector banks into 4: (1) Syndicate Bank merged with Canara Bank, (2) Oriental Bank of Commerce and United Bank of India merged with Punjab National Bank, (3) Andhra Bank and Corporation Bank merged with Union Bank of India, (4) Allahabad Bank merged with Indian Bank, (5) Vijaya Bank and Dena Bank merged with Bank of Baroda (in 2019). This was the largest banking consolidation in India's history.

Has my IFSC code changed after bank merger?

Yes, for customers of merged banks (Syndicate, OBC, UBI, Andhra, Corporation, Allahabad, Vijaya, Dena), your old IFSC code may have been changed to the new acquirer bank's IFSC code. However, banks usually provide a 3-6 month grace period during which the old IFSC remains valid. After the grace period, transfers using the old IFSC may fail. Check IFSCTeam's Bank Merger Tracker to find the new IFSC code for your branch.

Is my old Syndicate Bank IFSC code still valid?

Syndicate Bank merged with Canara Bank on April 1, 2020. The grace period for old Syndicate Bank IFSC codes has ended. You must use the new Canara Bank IFSC code for your branch for all electronic transfers. Old Syndicate IFSC codes starting with SYNB have been mapped to new Canara Bank codes starting with CNRB. Use IFSCTeam's merger tracker to find your specific branch's new IFSC.

Do I need to update my cheque book after bank merger?

Yes. After the merger grace period (typically 3-6 months), old cheque books of merged banks (Syndicate, OBC, UBI, Andhra, Corporation, Allahabad) became invalid. You must request a new cheque book from your new bank (Canara, PNB, Union, Indian Bank) with updated MICR codes. For most merged banks, the grace period ended by December 2020.

What happens to my SIP if my bank was merged?

Your SIP mandate is linked to your old bank's MICR code. After a bank merger, if the branch MICR code changes, your SIP auto-debit ECS mandate may fail silently. Your mutual fund will mark the SIP as 'payment failed' and may pause it. You need to re-register your ECS mandate with the new MICR code. Check with your fund house if your SIPs are running smoothly.

Bank Merger & IFSC Impact

Bank Mergers India: Your IFSC May Have Changed

Complete guide to all Indian bank mergers 2019–2025. Find the new IFSC codes, check if your ECS mandates are still valid, and verify your cheque book status.

Nikky Dhale

IFSCTeam Founder

Updated

June 2026

Affected IFSC Records

30+

⚠️ Still Using Old Bank IFSC?

If you're a customer of Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, Allahabad Bank, Vijaya Bank, or Dena Bank — your bank no longer exists. It was merged into another bank. Your old IFSC codes, cheque books, and ECS mandates may be invalid. Read this guide to find your new IFSC code and avoid failed transfers.

Banks Merged

Surviving Banks

50K+

IFSC Codes Changed

2019-20

Merger Period

In This Guide

All Bank Mergers 2019–2025: Complete List
IFSC Code Changes — Old Bank → New Bank Mapping
Are Your ECS Mandates Still Valid?
Cheque Book Validity After Merger
Customer Action Checklist — What To Do Now
How to Find Your New IFSC Code
Frequently Asked Questions

Section 1

All Bank Mergers 2019–2025: Complete List

India's banking sector consolidation happened in two major waves. Here's the complete picture:

Wave 1: April 2019

Phase 1

Vijaya Bank ❌ + Dena Bank ❌ → Bank of Baroda ✅

India's first major 3-way bank merger. Effective April 1, 2019. Vijaya Bank (founded 1931, HQ Mangaluru) and Dena Bank (founded 1938, HQ Mumbai) were merged into Bank of Baroda. Combined branch network: 9,500+. Old IFSC codes of Vijaya (VIJB) and Dena (DENA) were replaced with Bank of Baroda (BARB) codes.

Old Vijaya IFSC prefix: VIJB → New BoB prefix: BARB | Old Dena IFSC prefix: DENA → New BoB prefix: BARB

Wave 2: April 2020 (Mega Merger)

Phase 2 — 6 Mergers at Once

Syndicate Bank ❌ → Canara Bank ✅

Syndicate Bank (founded 1925, one of India's oldest) merged into Canara Bank. Combined: 10,000+ branches. Syndicate's SYNB IFSC codes mapped to Canara's CNRB codes.

SYNBXXXXXXX → CNRBXXXXXXX

OBC ❌ + United Bank ❌ → PNB ✅

Oriental Bank of Commerce and United Bank of India both merged into Punjab National Bank. India's second largest PSU bank. Combined: 11,000+ branches.

ORBC & UTBI → PUNB

Andhra Bank ❌ + Corporation Bank ❌ → Union Bank ✅

Andhra Bank and Corporation Bank merged into Union Bank of India. Combined: 9,500+ branches. Both Andhra (ANDB) and Corporation (CORP) IFSC codes migrated to Union (UBIN) codes.

ANDB & CORP → UBIN

Allahabad Bank ❌ → Indian Bank ✅

Allahabad Bank (founded 1865 — one of India's oldest banks) merged into Indian Bank. Combined: 6,000+ branches. ALLA IFSC codes migrated to IDIB codes.

ALLAXXXXXXX → IDIBXXXXXXX

2021–2025: No New Mergers (Stable Phase)

As of 2025, the Government of India has not announced any new public sector bank mergers. The consolidation phase (2019–2020) is complete. However, some smaller co-operative banks and regional rural banks (RRBs) continue to merge under RBI supervision. IFSCTeam monitors all RBI circulars and updates our Bank Merger Tracker in real-time.

Section 2

IFSC Code Changes — Old → New Mapping

Old Bank (Dissolved)	Old IFSC Prefix	New/Acquiring Bank	New IFSC Prefix	Merger Date	Status
Vijaya Bank	VIJB	Bank of Baroda	BARB	Apr 2019	Old invalid
Dena Bank	DENA	Bank of Baroda	BARB	Apr 2019	Old invalid
Syndicate Bank	SYNB	Canara Bank	CNRB	Apr 2020	Old invalid
Oriental Bank (OBC)	ORBC	Punjab National Bank	PUNB	Apr 2020	Old invalid
United Bank of India	UTBI	Punjab National Bank	PUNB	Apr 2020	Old invalid
Andhra Bank	ANDB	Union Bank of India	UBIN	Apr 2020	Old invalid
Corporation Bank	CORP	Union Bank of India	UBIN	Apr 2020	Old invalid
Allahabad Bank	ALLA	Indian Bank	IDIB	Apr 2020	Old invalid

Important Note:

Not every branch gets a new IFSC — some branches were consolidated (closed) during the merger. Some branches kept their original IFSC even after merger. Always verify your specific branch's IFSC on IFSCTeam's Bank Merger Tracker or the new bank's official website before initiating transfers.

Section 3

Are Your ECS Mandates Still Valid?

ECS (Electronic Clearing Service) mandates link your bank account to recurring payments like SIPs, EMIs, and insurance premiums. They use your bank's MICR code as the routing identifier. When banks merge and MICR codes change, these mandates can fail silently — often without any SMS or notification.

📉

SIP Investments

Your mutual fund SIPs may have paused if ECS mandate failed. Check with your fund house immediately.

🏠

Loan EMIs

Failed EMI auto-debits may result in late payment fees and credit score damage. Verify with your lender.

🛡️

Insurance Premiums

Lapsed insurance due to failed ECS can leave you uninsured. Verify all insurance ECS mandates.

Action Required:

If you were a customer of any merged bank (Syndicate, OBC, UBI, Andhra, Corporation, Allahabad, Vijaya, Dena) and had SIPs or EMI auto-debits — log into your mutual fund and insurance accounts TODAY and verify that your SIPs are showing "Active" status with successful recent deductions. If they show "Payment Failed" or "Mandate Rejected," you need to re-register the ECS mandate with your new bank's MICR code.

Section 4

Cheque Book Validity After Merger

After bank mergers, old cheque books of dissolved banks were given a grace period — after which they became invalid. Here's the status for each merged bank:

Old Bank	Cheque Book Grace Period Ended	Status in 2025	Action Needed
Vijaya Bank	June 2019	INVALID ❌	Get new Bank of Baroda cheque book
Dena Bank	June 2019	INVALID ❌	Get new Bank of Baroda cheque book
Syndicate Bank	December 2020	INVALID ❌	Get new Canara Bank cheque book
OBC	December 2020	INVALID ❌	Get new PNB cheque book
United Bank	December 2020	INVALID ❌	Get new PNB cheque book
Andhra Bank	December 2020	INVALID ❌	Get new Union Bank cheque book
Corporation Bank	December 2020	INVALID ❌	Get new Union Bank cheque book
Allahabad Bank	December 2020	INVALID ❌	Get new Indian Bank cheque book

Section 5

Customer Action Checklist

If you were a customer of any merged bank, complete this checklist:

Update your net banking app — Download the new bank's app (Canara, PNB, Union, Indian Bank, BoB). Old app may be discontinued.

Request a new cheque book — Old cheque books are invalid. Visit your branch or request via new net banking app.

Verify your new IFSC code — Find your branch's new IFSC using the IFSCTeam Merger Tracker. Update it with all contacts who transfer money to you.

Re-register ECS mandates — Log into every mutual fund, insurance company, and loan portal. Re-submit ECS mandate with new bank details.

Update employer payroll — Notify your HR/payroll department of your new IFSC code and any changed account number.

Update income tax portal — If your bank account is linked for TDS refunds, update it at incometax.gov.in with the new IFSC code.

Update UPI apps — In PhonePe, GPay, and Paytm, remove the old bank account and add the new bank account with the updated IFSC.

Section 6

How to Find Your New IFSC Code

IFSCTeam Merger Tracker

Our dedicated merger tracker shows old → new IFSC mapping for all merged banks. Enter the old IFSC code and get the new one instantly.

Open Merger Tracker →

IFSC Search Engine

Search by new bank name + branch + city to find the current IFSC code. All 177,632+ branches listed with verified post-merger data.

Search IFSC →

Call Your New Bank

Call the toll-free number of the acquiring bank. They can look up your branch's new IFSC code using your old account number.

Bank Helplines →

Section 7

Frequently Asked Questions

Is my account number the same after bank merger?

In most cases, yes — your account number remains the same after a bank merger. However, some banks added prefix digits to differentiate accounts from different merged banks. Check your new passbook or net banking to confirm your account number. If it changed, you'll receive an SMS/letter from your bank.

Can I still use my old Syndicate Bank IFSC to receive money?

No. Syndicate Bank IFSC codes (starting with SYNB) are no longer valid. Any sender using the old IFSC will have their transfer rejected by the NPCI system. Ask senders to use your new Canara Bank IFSC code. Find your branch's new Canara IFSC using our Merger Tracker tool.

Will I lose my money after bank merger?

No. Bank mergers in India are government-supervised processes. Your entire account balance, FDs, recurring deposits, loans, and all banking relationships migrate automatically to the new bank. You do not lose any money. The only things that change are: bank name, IFSC code, cheque book, and digital banking credentials.

My SIP was paused because of "payment mandate rejected" — what to do?

This is a common issue after bank mergers. Steps to fix: (1) Log into your mutual fund portal (Zerodha, Groww, Kuvera, etc.), (2) Find the failed SIP, (3) Click "Re-register mandate" or "Fix mandate", (4) Enter your new bank account details with the new IFSC code, (5) Complete bank verification (netbanking or penny drop). Your SIP should restart from the next cycle.

How do I know if my bank is on the RBI's merger watchlist?

RBI publishes official circulars before any bank merger is announced. IFSCTeam monitors RBI circulars daily and updates our Bank Merger Tracker page. Bookmark our RBI Circulars page to stay updated on any new merger or restructuring announcements.

Check Your Branch — Live Merger Tracker

IFSCTeam tracks 30+ merger records. Enter your old IFSC code to instantly find the new one — or search by bank name and branch.

Open Merger Tracker Search IFSC →