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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.
The average age of bank employees on the same date was 39 years. [34] The bank reported the business of ₹ 11.65 crore (US$1.4 million) per employee and net profit of ₹ 8.06 lakh (US$9,400) per employee during the FY 2012–13. [12] The company incurred ₹ 5,751 crore (US$670 million) towards employee benefit expenses during the same ...
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. [6] [7] [5]
Linking bank accounts is a way to make it easier to transact between the two.
Structured Financial Messaging System (SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. It is an Indian standard similar to SWIFT which is the international messaging system used for financial messaging globally. SFMS can be used for secure communication within the bank and ...
Following the killing of UnitedHealthcare CEO Brian Thompson and praise for the attack on social media, law enforcement is on high alert as calls for threats against health care executives and ...
The nation said a proper farewell to former President Jimmy Carter during his funeral service in Washington D.C. on Thursday. President Joe Biden, who declared Thursday a national day of mourning ...
To make payments easier, Indians living abroad who have mobile numbers in the UAE can download the PhonePe app and link their current NRE and NRO accounts. PhonePe will also launch inbound remittance services as soon as the corridor for inward remittances is activated, eliminating the need for information like bank account numbers and IFSC codes.