Bank Mergers in India
Comprehensive guide to bank consolidations and mergers in the Indian banking sector. Find out which banks have merged and where to find their current IFSC codes.
Bank Mergers in India
Many banks in India have merged with larger institutions. If you can't find your bank's IFSC code, it may have been merged:
State Bank Associates
Understanding Bank Mergers
The Indian banking sector has undergone significant consolidation over the past decade. Many banks have merged with larger institutions to create stronger, more efficient banking entities. This consolidation has affected IFSC codes, branch operations, and customer services.
Impact on Customers
- IFSC Codes: Old bank IFSC codes may no longer work for new transactions
- Account Numbers: Most account numbers remain the same, but check with your bank
- Branch Operations: Some branches may be consolidated or relocated
- Services: Enhanced digital services and broader network access
What to Do If Your Bank Has Merged
Update Your Records
Update your bank details with employers, utility companies, and other service providers using the new bank's name and IFSC codes.
Check Your IFSC Code
Use our IFSC finder to get the current IFSC code for your branch under the new bank name.
Update Digital Banking
Download the new bank's mobile app and update your digital banking preferences and settings.
Contact Customer Service
Reach out to the new bank's customer service for any specific queries about your account or services.
Frequently Asked Questions
Will my account number change after a merger?
In most cases, your account number remains the same. However, you should verify this with your new bank and update any automatic payments or direct deposits.
Do I need to get a new debit/credit card?
Your existing cards will continue to work until their expiry date. The new bank will typically issue new cards with their branding before your current cards expire.
What happens to my fixed deposits and loans?
All your existing deposits, loans, and other products are automatically transferred to the new bank with the same terms and conditions.
How do I find the new IFSC code for my branch?
Use our IFSC code finder tool by searching for the new bank name and your branch location. You can also contact your branch directly for the updated IFSC code.
Need to Find Your New IFSC Code?
Use our comprehensive IFSC code finder to locate the current IFSC code for your bank branch.
Find IFSC Codes