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The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
In December 2015 the first International Financial Services Centre (IFSC) in India was set up in Gujarat International Finance Tec-City (GIFT City). [ 5 ] In 2019 the Government of India enacted an Act of Parliament called the International Financial Services Centres Authority Act, 2019.
The CNAPS code is assigned to all banks in China, including foreign banks. This code is twelve digits long and is mandatory for payments to mainland China. [5] [6] India has an 11-digit alpha numeric Indian Financial System Code (IFSC). The first 4 characters indicate the financial institution, the fifth digit is 0 and the other 6 digits ...
382426. Area code. 091. Website. www .giftgujarat .in. Gujarat International Finance Tec-City, also called GIFT City, is a central business district under construction in the Ahmedabad district in Gujarat, India. It is India's first operational greenfield smart city and international financial services centre, which the Government of Gujarat ...
The Banking Codes and Standards Board of India ( BCSBI) [ 1] is an independent banking industry watchdog that protects consumers of banking services in India. The board oversee compliance with the "Code of Bank's Commitment to Customers". It is not a compensation mechanism and looks into an individual complaint only to the extent it points to ...
India International Exchange (IFSC) Limited, also known as India INX, is a wholly-owned subsidiary of BSE (Bombay Stock Exchange) Ltd. It is India's first international exchange located at the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City). India INX offers a wide range of products ...
Ministry of Finance , Government of India. Website. ubgb .in. Uttar Bihar Gramin Bank is a regional rural bank (RRB) in the State of Bihar, India. [1] It is under the ownership of Ministry of Finance, Government of India. It is one of the largest regional rural banks in India in terms of branch network, staff strength and area of operation.
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded. [1]