IFSC code and name of 1300 branches changed to SBI
GSTV December 10 2017 13:59
After merger of different banks in different parts of the country, the name and IFSC code of 1300 branches have been changed by SBI. Name and code have been changed in the branches of cities like Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Calcutta and Lucknow.
According to details from the sources, the decision has been taken after the merger of some of the associate bank branches of SBI into SBI. All the affected customers have been informed about this. Banks have been tied up with this new code. If someone pays money with the old IFSC code, then it will be credited to the new code.
This decision has come as a surprise by the bank that the bank will not face any problem.
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