The Goods and Services Tax Network ( GSTN ) has directed the Taxpayers to IFSC Codes of eight banks due to merger.
In a statement issued by GSTN said that, Taxpayers may update their Bank Account details through non-core Amendments and update refund application, in case failed due to validation error sent by PFMS.
On April 1, 2019, Dena Bank and Vijaya Bank were merged with Bank of Baroda. The amalgamation of the Oriental Bank of Commerce (OBC) and United Bank of India with PNB was completed on April 1, 2020. Other banks that merged are – Syndicate Bank merged with Canara Bank, Andhra Bank and Corporation Bank merged with Union Bank of India, Allahabad Bank merged with Indian Bank.
The account holders of these eight banks are also required to update their account details such as mobile number, address, name of the nominee, etc. The customer should get a new cheque book and passbook issued from the bank with which their former banks had merged. After getting the new cheque book and passbook, account holders should update their banking details on the various financial instruments.
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