Merged and closed banks: old IFSC codes and what replaced them

Large bank mergers and their old codes

Dates are from the banks' own notices. "Old codes here" is the number of old codes of that bank in our lists.

Is my money safe?

Yes. In a merger every account, deposit and loan moves to the bank that took over, with the same balance. Only the names and codes change: the IFSC code, usually the MICR code, the cheque book, and sometimes the account number.

What to do if you still have the old code

1. If you are paying someone: ask them for the new code, or find it here and confirm it with them. A payment to the old code is refused and the money returns to your account.
2. If it is your own account: use the code printed on your new cheque book or passbook, or shown in the bank's app. Give the new code to your employer, tenants, clients, mutual funds, insurers and the income tax portal, so salaries, refunds and SIP or EMI debits keep working.
3. Old cheques: cheque books of the merged bank stopped being accepted after a notice period. Ask your branch for a new one.

De-registered banks with old codes

For these banks the official list shows no merger.

Old codes of banks that are still working

Working banks also drop codes when they close or join branches. The banks with the most old codes:

• State Bank of India 4,029 old codes
• Bank of India 1,749 old codes
• Yes Bank 1,134 old codes
• Union Bank of India 761 old codes
• IDBI 487 old codes
• Central Bank of India 483 old codes
• Indian Bank 451 old codes
• HDFC Bank 414 old codes
• Indian Overseas Bank 387 old codes
• Andhra Pradesh State Co-operative Bank 317 old codes
• Punjab National Bank 182 old codes
• Kotak Mahindra Bank 144 old codes
• Canara Bank 109 old codes
• Bank of Maharashtra 102 old codes
• Fino Payments Bank 102 old codes
• Development Bank of Singapore 77 old codes
• Bank of Baroda 71 old codes
• UCO Bank 62 old codes
• Indusind Bank 61 old codes
• Saraswat Co-operative Bank 58 old codes
• ICICI Bank 43 old codes
• Axis Bank 42 old codes
• South Indian Bank 39 old codes
• Pusad Urban Co-operative Bank 39 old codes
• Federal Bank 34 old codes
• Deogiri Nagari Sahakari Bank Aurangabad 34 old codes
• CITI Bank 31 old codes
• Royal Bank of Scotland N.V. 29 old codes
• Gujarat State Co-operative Bank 28 old codes
• Jana Small Finance Bank 26 old codes
• Apna Sahakari Bank 25 old codes
• SVC Co-operative Bank 25 old codes
• HSBC Bank Oman S.A.O.G 22 old codes
• Irinjalakuda Town Co-operative Bank 21 old codes
• Satara Shakari Bank 19 old codes
• Karnataka Bank 17 old codes
• Angul United Central Co-operative Bank 17 old codes
• Karur Vysya Bank 16 old codes
• Karnataka State Co-operative Apex Bank 16 old codes
• HASTI Co-operative Bank 15 old codes
• Maharashtra State Co-operative Bank 11 old codes
• Mumbai District Central Co-operative Bank 10 old codes
• Pimpalgaon Merchants Co-operative Bank 10 old codes
• Goa State Co-operative Bank 9 old codes
• Kalupur Commercial Co-operative Bank 8 old codes
• Abhyudaya Co-operative Bank 7 old codes
• Ace Co-operative Bank 5 old codes
• Esaf Small Finance Bank 5 old codes
• Bank of Nova Scotia 4 old codes
• Jammu and Kashmir Bank 4 old codes
• Kalyan Janata Sahakari Bank 4 old codes
• Agrasen Co-operative Urban Bank 4 old codes
• Konark Urban Co-operative Bank 4 old codes
• Ujjivan Small Finance Bank 4 old codes
• IDFC FIRST Bank 4 old codes
• Tamilnad Mercantile Bank 3 old codes
• Catholic Syrian Bank 3 old codes
• Rajasthan State Co-operative Bank 3 old codes
• RBL Bank 2 old codes
• Janaseva Sahakari Bank, Pune 2 old codes

Every bank de-registered since 2012: the official list

DICGC, the deposit insurer owned by the Reserve Bank of India, publishes the list of banks whose registration it has cancelled: 340 banks from 2012-13 to 2026-27 (years run April to March; list as on 12 August 2026). The list marks 118 of them as merged or amalgamated with another bank. For the others it gives no reason: typically the Reserve Bank cancelled the licence of a co-operative bank, or a foreign bank closed its business in India. Most small co-operative banks had no IFSC codes of their own.

Questions

Sources: DICGC list of de-registered banks (as on 12 August 2026); bank notices for the merger dates; branch lists of the Reserve Bank and NPCI since December 2006. Current data as of 1 September 2026.