www.bankifsccode.co.in offers complete branch details of all banks located in India. We also offer pincode wise search as well as bankwise search to get to the desired details with ease from a huge data. Here are some Terms & Meaning of New Age Banking in India
With THE Reserve Bank of India (RBI) actively promoting the use of technology in the banking sector to
achieve its goal of financial inclusion and bringing down transaction costs, India has seen a revolution
in the way it Banks. Here are the few digital terms that are relevant today and for the future to come.
IFSC (Indian Financial System Code) is a 11 digit code provided by RBI(Reserve Bank of India)
for identifying individual bank branch in India. This code is used by RTGS and NEFT. The code is of 11
characters. The first part is the first 4 alphabet characters representing the Bank. Next character is
0(zero), this is reserved for future use. The branch code is the last six characters
What is a MICR Code?
MICR (Magnetic Ink Character Recognition) is a printing technology used to print alpha-numeric
details. MICR Code is printed on cheques and they let cheque processing, easy.
What is RTGS?
RTGS (Real Time Gross Settlement) is a fund transfer system used to transfer money from one bank
to another. This gross basis transfer is a real time transfer system. Minimum amount can be transferred
is Rs.2,00,000. Fees are applicable.
What is NEFT?
NEFT (National Electronic Fund Transfer) is an online fund transfer system supported by RBI.
NEFT is used for small and medium amount transfer between banks and accounts. No minimum amount limit
|The Other Services we offer of your Interest
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www.pincodesearch.info offers you the details of the city/town based on pincode or pincode for any city or town in India in an easy to use format.
www.bankifsccode.co.in offers IFSC Code, MICR code, Address, Contact details of every bank in India with an option to search bank wise or pin code wise. We are the only website offering to send the required details by both SMS and email.
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www.currency-converter.co.in Offers online currency exchange information on realtime basis for all available currencies in the world. Our service is from a real time feed that is in line with that moment exchange rate. We also offer history of the currency for the past week, month , year and upto 10 years.
www.unitconverter.co.in offers tools useful for conversion of units used on daily basis in an easy to understand format.
www.numberchange.in maintains the largest database of changed mobile numbers, changed land line numbers & email ID's. This is the first of the kind initiative which is imperative in today's context where we are more identified by our digital addresses.
If you find these website's useful, click here and kindly spread the news around your friends so that the whole world gets benefited.
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