https://v2.webnotes.in/tags/fund-withdrawal/Recent content in Fund Withdrawal on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-change-bank-ifsc-zerodha/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-change-bank-ifsc-zerodha/<p>When a bank merger occurs, the IFSC code of branches is changed as the acquiring bank integrates the network. If your Zerodha account is linked to a bank whose IFSC has changed due to a merger, fund withdrawals from Zerodha to that account will fail until the new IFSC is updated.</p> <p>Notable bank mergers in India that have triggered IFSC changes include:</p> <ul> <li><strong>Lakshmi Vilas Bank merged into DBS Bank India</strong> (November 2020): All LVB IFSC codes were replaced with DBS India IFSCs.</li> <li><strong>Yes Bank restructuring</strong> (March 2020): IFSC codes were retained but some branches were closed.</li> <li><strong>HDFC Ltd merged into HDFC Bank</strong> (July 2023): HDFC Ltd was a housing finance company, not a commercial bank; this merger is less likely to affect IFSC codes for savings accounts.</li> <li><strong>Bank of Baroda, Vijaya Bank, Dena Bank merger</strong> (2019): All Vijaya and Dena IFSC codes were migrated to Bank of Baroda IFSCs.</li> </ul> <p>This guide covers how to update the bank IFSC at Zerodha following any such merger.</p>