Syndicate Bank IFSC code will change from July 1, here’s how to get new one

Syndicate bank's customers should inform all money senders that now while using NEFT / RTGS / IMPS, they should use only the new IFSC starting with CNRB, which belong to Canara Bank.

New Delhi: If you are a customer of Syndicate Bank, then there is important news for you, as the IFSC codes of all the branches are all set to change. Syndicate Bank was merged with Canara Bank with effect from 1st April 2020, according to Reserve Bank of India’s (RBI) orders. However, to provide a buffer time to customers, the bank’s IFSC code remained the same for over a year. But that’s going to change, as Syndicate Bank’s older IFSC Code will work only till 30 June 2021.  The new IFSC codes of the bank will be applicable from July 1, 2021. Customers should note that they have to get the details of the new IFSC and MICR codes to facilitate banking transactions without running into any troubles.  Since Syndicate Bank’s customers are now Canara Bank’s customers, the latter has also issued an advisory about the former’s IFSC code updation. From July 1 onwards, Syndicate Bank customers won’t be able to use the IFSC codes starting with SYNB.