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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.
Madhyanchal Gramin Bank is a regional rural bank in India. It is under the ownership of Ministry of Finance, Government of India.It was formed by merging three rural banks in the state of Madhya Pradesh in central India namely Madhya Bharat Bank, Sharda Grameen Bank, Rewa Sidhi Grameen Bank, sponsored by State Bank Of India, Allahabad Bank and Union Bank of India.
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.
A bank branch can be identified from the bank code. Denmark has 4-digit bank code (called Registreringsnummer, or Reg. nr.). France has a 10 digit code, the first 5 digits contain the clearing identifier of the banking company (Code Banque), followed by the 5-digit branch code (Code Guichet). Both numbers are only used as a combined prefix for ...
In 1985, it acquired Miraj State Bank, which had been established in 1929, and which had 26 branches. In 1999, UBI acquired Sikkim Bank with its eight branches. UBI expanded internationally in 2007 with the opening of offices in Abu Dhabi, United Arab Emirates and in Shanghai, China. [10] In 2008, it established a branch in Hong Kong. [11]
The Bank has 1078 branches as on 1 January 2019. It is under the ownership of Ministry of Finance , Government of India . Dr. Ashutosh Kumar Jha is the current chairman of Dakshin Bihar Gramin Bank.
The first 17 digits of the CLABE are, as mentioned above, the Bank Code, the Branch Office Code and the Account Number. The weight factor of a given digit is: 3 if its position (starting at 0) modulus 3 is 0; 7 if its position modulus 3 is 1; 1 if its position modulus 3 is 2; A 17 digit weight is always "37137137137137137". The method is:
IFSC may refer to: Indian Financial System Code; International Federation of Sport Climbing; International Financial Services Centre (disambiguation), several financial areas; International Financial Services Centre, GIFT City Financial Centre in India