The Government has announced merger of five of its associate banks with State Bank of India (SBI) effective date of 1st of April 2017. The associate banks are State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP).
Post merger what will happen to my Internet banking?
Kindly note that after the merger of SBH /SBBJ/SBM/SBT/SBP ., those Bank’s websites will be disabled from 01st of April, 2017. But your internet banking facility will continue. You can directly log in to OnlineSBI.Com with your existing credentials of SBH (or SBT, SBM, SBP,SBBJ etc.). There is no change in the way you would log in to your existing SBH account
All these days my customers were able to transfer money online by using our old IFSC code but today they are not able to find my old IFSC code. How to get new IFSC code for my Bank account in State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP) ?
It is very simple if your IFSC code with State Bank of Mysore was SBMY0040513 JUST CHANGE to SBIN0040513 i.e. change first 4 letter from SBMY TO SBIN
In case of State Bank Of Travancore if for example old ifsc code was SBTR0000003 Just change to SBIN0000003 i.e. i.e. change first 4 letter from SBTR TO SBIN
In case of STATE BANK OF HYDERABAD if for example old ifsc code was SBHY0021746 Just change to SBIN0021746 i.e. i.e. change first 4 letter from SBHY TO SBIN
In case of STATE BANK OF BIKANER AND JAIPUR if for example old ifsc code was SBBJ0010434 Just change to SBIN0010434 i.e. i.e. change first 4 letter from SBBJ TO SBIN
The above said New IFSC code is very important as all the old ifsc code held by these 5 state Bank associates have become invalid now. You may find may funds not coming to your account if some one tries to use old IFSC code.
Kindly cross check with your branch before using the above code.