Big news for Canara Bank customers, update this code before June 30, otherwise money transfer won't happen

Big news for Canara Bank customers, update this code before June 30, otherwise money transfer won't happen

New Delhi: there's important news for patrons who have an account with Canara Bank. If you furthermore may have an account, then you recognize that from Dominion Day , you'll not be ready to transact money. Recently, there has been a merger of Syndicate Bank in Canara Bank, after which customers were using the old checkbook, but you'll only use it till June 30. After this, the IFSC codes of all customers are going to be disabled (that is, you'll not be ready to transfer money using the old code).

Information about this has been given by tweeting from the bank. The bank has written within the tweet that the old checkbook of consumers will work only till June 30. After this you'll not be ready to use it.

There is important news for patrons for patrons having an account with Canara Bank. The old checkbook of bank customers will work only till June 30.

Disabled from Dominion Day ,

Canara Bank informed the purchasers that after the merger of Syndicate Bank with Canara Bank, all e-Syndicate IFSC codes ranging from SYNB are changed. All IFSC WEFs starting with SYNB are going to be disabled from 01.07.2021.

Apart from this, the bank has also given information about this by issuing a press release on the web site . The bank has written that while sending NEFT / RTGS / IMPS to the vendors, only inform them to use their new IFSC code ranging from CNRB. At an equivalent time, codes starting with SYNB won't work. what's an IFSC Code?

IFSC (Indian economic system Code) may be a unique 11-digit alphanumeric code used for online fund transfer transactions done through NEFT, RTGS and IMPS. Also read: Now earn money without job and business, these 4 ways are going to be rich! minister of finance announced

Let us know that within the year 2019 minister of finance Nirmala Sitharaman had announced to merge 10 government banks into 4 big government banks. While the merger came into force in April 2020. After this, the IFSC and MICR codes of banks have began to be updated from 1 April 2021. aside from Canara Bank, customers are Bank of Baroda, Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Syndicate Bank, Oriental Bank of Commerce, United Bank of India and Allahabad Bank. These banks were merged with other banks.