Canara Bank Merged With Which Bank? (2026 Update)
Canara Bank was merged with Syndicate Bank.
Quick Summary
- Merged banks: Canara Bank + Syndicate Bank
- Merger effective date: 1 April 2020
- Anchor bank: Canara Bank
- Current status: Syndicate Bank no longer operates separately
Details of Canara Bank Merger
As part of the Government of India’s public sector bank consolidation, Syndicate Bank was merged into Canara Bank. After the merger:
- All Syndicate Bank branches now operate as Canara Bank branches
- Existing accounts, FDs, and loans of Syndicate Bank customers continue
- Customers use Canara Bank services, apps, and net banking
What Changed for Syndicate Bank Customers?
What Stayed the Same
- Account balance and deposits
- Loans, EMIs, and interest rates (as per original terms)
- Existing cheque books and debit cards (initially)
What Changed Gradually
- Net banking shifted to Canara Bank Net Banking
- Mobile banking moved to Canara ai1 app
- IFSC codes updated in many cases
- Branding and branch name changed to Canara Bank
Changes were done in phases to avoid inconvenience.
Services After the Merger
All customers now get access to:
- Canara Bank branches and ATMs
- NEFT / RTGS / IMPS
- Net banking & mobile banking
- FD, RD, loans, and government schemes
FAQs
Q. Is Syndicate Bank still operating?
A. No. Syndicate Bank ceased to exist as a separate bank after the merger.
Q. Do Syndicate Bank customers need a new account?
A. No. Existing accounts continue with Canara Bank.
Q. When did Canara Bank merge with Syndicate Bank?
A. The merger came into effect on 1 April 2020.
Conclusion
Canara Bank merged with Syndicate Bank as part of PSU bank consolidation. Today, all Syndicate Bank customers are fully served under Canara Bank, with continued access to banking services across India.
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