• CCI AD FROM 5th April 2021

Change of IFSC and Account due to Bank Merger

Circular No. ES/445/2020-21                                                             12th March, 2021 

                                                                                                   

To: Members of the Council         


Sub: Change of IFSC and Account due to Bank Merger 

 

Dear Member, 

 

JNCH Customs has issued Public Notice No.21/2021 dated 9th March, 2021 regarding change of Indian Financial System Code (IFSC) and Account due to Bank Merger. 

 

Your kind attention is invited to PSU banks merger & amalgamation. 

 

The following list is of PSU Banks after Merger:- 

 

Anchor Bank 

Bank to be merged with Anchor Bank 

Punjab National Bank 

Oriental Bank of Commerce + United Bank of India 

Canara Bank 

Syndicate Bank 

Indian Bank 

Allahabad Bank 

Bank Of Baroda 

Dena Bank +Vijaya Bank 

Union Bank of India 

Andhra Bank + Corporation Bank 

State Bank of India (SBI) 

State Bank of Bikaner and Jaipur (SBBJ) + State Bank of Hyderabad (SBH) + State Bank of Mysore (SBM) + State Bank of Patiala (SBP) + State Bank of Travancore (SBT) + Bharatiya Mahila Bank 

 

Due to the ongoing exercise, a higher incidence of rejection of IGST Scrolls due to Invalid IFSC (TPE0014) is being noticed; which is expected to increase further in future. 

 

In view of the above, JNCH has directed the stakeholders to identify their bank accounts which are under process of merger or already merged and update their new IFSC codes along with account number through online Bank management/AD code registration facility provided on ICEGATE website using the 'modify option', as per Public Notice 93/2020 dated 29.07.2020 and 130/2020 dated 07.10.2020. As of now banks are not accepting payment with old bank details, any delay in updation of bank account will further result in failure of IGST and other incentive payments. 

 

In case of any difficulty, members may kindly contact the Joint Commissioner (EDI)/Deputy Commissioner (EDI), JNCH on edi@jawaharcustoms.gov.inicegatehelpdesk@icegate.gov.in & contact EDI section, 2nd Floor, B wing, JNCH for any further assistance. 

 

Members may kindly make a note of the above and do the needful at the earliest. 

  

Thanking you,   

 

Yours faithfully, 

  

S. BALARAJU 
EXECUTIVE DIRECTOR