What should I do if the bank has changed the branch IFSC or my account number?

While an individual’s account number does not change when bank branches are merged, IFSC codes of the merged branch ceases to exist after some time. In that case, the customers have to use the IFSC code of the new branch where the older branch has got merged. The bank typically communicates this to its customers.

How can I get IFSC code from old IFSC code?

You can search for the IFSC code on the cheque and passbook provided by the bank. By visiting website of the respective bank. Search for IFSC code at RBI’s website. Find IFSC code easily at MyLoanCare website.

What happens if we use old IFSC code?

“If the incorrect IFSC code refers to a wrong branch of the same bank, then the fund transfer could still be possible. Remember, all banks may not match the beneficiary name before making the fund transfer, so if the account number matches, the transaction will go through.

How can I get money back sent to wrong account number?

If you sent money to the wrong account number, contact the company that sent the money transfer immediately. Ask for the transfer to be stopped or reversed. The company may be able to retrieve the funds. If you have sent money internationally, in some cases, the company will be required to offer you a refund.

Can you transfer money if the IFSC code is wrong?

In this case, the money transfer will most likely happen, provided other details you enter are correct. “If the incorrect IFSC code refers to a wrong branch of the same bank, then the fund transfer could still be possible. This is because the next reference point is the account number and the name of the account holder.

Where can I find the IFSC code for my account?

The IFSC code is listed next to your account number. You can also find it on your bank account statement. You cannot find the code by looking at your account number alone. IFSC codes are very important if you are sending money to or from India since they denote the specific banking branch where your money is being sent to or from.

Can I transfer money from SBI to IFSC account?

In this case, whether or not the fund transfer happens will depend on whether SBI has an account with a matching account number. “If the bank has an account with the account number in the branch identified by IFSC, then the transfer will go through.

What is IFSC code and why is it important?

This code is important because it denotes the banking branch that will be involved in a wire transfer. Using the wrong one would be like mailing a letter to an address with the wrong postal code. Is IFSC code required for international money transfer? Yes, an IFSC code is required to transfer money to, from or within India.