RBI Changes Name Of THIS Bank: What Happens To Your Passbook, Cheque Book, Debit Card, And IFSC Code?

RBI Bank Name Change: The Reserve Bank of India (RBI) issued a notification on May 21, 2025, saying the title alternate of North East Small Finance Bank Limited to ‘slice Small Finance Bank Limited’ within the Second Schedule of the Reserve Bank of India Act, 1934.

Following this transfer, a number of questions have arisen amongst account holders—whether or not they want new passbooks or cheque books, whether or not their debit playing cards will proceed to paintings, and if the IFSC codes will alternate. As discussed in EconomicTimes, this article is going to assist transparent all of your doubts in an issue of seconds.

Passbooks, Cheque Books And Debit Cards: What Changes After Bank Renaming? 

As in keeping with RBI pointers, when a financial institution adjustments its title, shoppers can proceed the usage of their current passbooks, debit playing cards, and cheque books with none disruption—except the financial institution in particular instructs differently.

IFSC codes additionally typically stay the similar except a separate notification is issued. The transition procedure is designed to be sluggish and well-managed, making sure that buyer services and products aren’t affected. 

Will Your IFSC Code Change After Bank Name Change?

The IFSC (Indian Financial System Code) is a novel identifier that is helping establish financial institution branches for on-line bills like NEFT, RTGS, and IMPS. Even although the code normally has a part of the financial institution’s title, converting the financial institution’s title doesn’t all the time imply the IFSC code will alternate. If the financial institution or RBI comes to a decision to replace the IFSC codes to replicate the brand new title, this shall be executed in a phased and well-communicated way.

Generally, the purchasers will obtain common updates from the financial institution about any adjustments. Even after the financial institution title alternate is whole, they may be able to proceed the usage of their outdated passbooks and cheque books for as much as six months. For assist or questions, shoppers will have to touch their native department or the financial institution’s buyer fortify.