UBI update on change in IFSC code for merged banks - The Hindu BusinessLine
UBI update on change in IFSC code for merged banks March 06, 2021 Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile (e)-Andhra Bank and e-Corporation Bank branches will change with effect from April 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes, UBI said in a statement. The Indian Financial System Code (IFSC) is used to identify a participating bank branch in the National Electronic Funds Transfer (NEFT) Structured Financial Messaging Solution (SFMS) message. Magnetic Ink Character Recognition (MICR) C...
Source: thehindubusinessline.com