Bank of Baroda completed the integration of 3,898 branches of Vijaya Bank and Dena Bank with itself. Vijaya Bank and Dena Bank were merged with Bank of Baroda on 1 April 2019 and the customers could use the old IFSC and MICR codes until intimated by the Bank. The IFSC Codes of Vijaya Bank and Dena Bank are to be discontinued after 28th February 2021 as per the information provided by the Bank of Baroda on Thursday, 4th February 2021. Find below how to obtain the new IFSC Codes for the erstwhile Vijaya Bank and Dena Bank in order to make online banking transactions.
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There are four simple ways through which Vijaya Bank and Dena Bank account holders can get a new IFSC code:
- Visiting the Bank Branch
Customers can easily get the new IFSC Code by visiting the nearest bank branch.
- Toll-Free Number
Customers can also call on the toll-free number i.e. 18002581700.
- Via SMS
You can also send an SMS i.e. ‘MIGR <Space> Last 4 digits of the old account number from your registered mobile number to 8422009988.
- RBI Website
Customers can also check the Bank of Baroda IFSC Code on the Reserve Bank of India portal i.e. https://www.rbi.org.in/Scripts/IFSCMICRDetails.aspx. by entering the bank name and branch name.
How to Check New IFSC Codes for Vijaya Bank and Dena Bank?
To check the new IFSC Codes for Vijaya Bank and Dena Bank, you need to visit the Bank of Baroda official website. Enter the state, city, branch and click on the search button. Your IFSC Code will appear on the screen.
What is an IFSC Code?
An IFSC Code is an 11 digit code assigned to each of its branches by the Reserve Bank of India (RBI). This code helps in electronically transferring the funds to another individual, corporate, or firm.
What are the key features of an IFSC Code?
The key features of the Bank of Baroda IFSC Code are as follows:
- Helps in transferring online funds easily
- It helps in identifying transactions of a specific branch
- Ensures there are no errors in the fund transfer process
- It is used for all electronic payment options such as NEFT, RTGS, IMPS, and UPI
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Since Vijaya Bank and Dena Bank IFSC Codes are going to be discontinued from 1st March 2021, banking transactions for transferring funds, using NEFT, IMPS, and RTGS, won’t be initiated with the old IFSC Code. Hence, it is advised that you get the new IFSC code from the bank and update it with any and every biller from where you receive funds. If the sender does not use the new IFSC code, the transaction will not be processed and your funds will not reflect in your account.