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The GIFT International Financial Services Centre (GIFT IFSC) is a financial centre and special economic zone in Gujarat International Finance Tec-City (GIFT City) covering 106 ha (261 acres) established in April 2015 as a financial hub to provide world-class infrastructure and services for financial institutions and companies operating in areas such as banking, insurance, capital markets, and ...
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]
In 2020 GIFT IFSC bagged 10th place in Finance Industry and top rank in emerging financial centres in the Global Financial Centres Index. [1] [2] As of June 2023, it is home to 23 PSBs and multi-national banks, many of the first banks that started operation in early 2010s include Bank of Baroda, State Bank of India, Punjab National Bank, Indian ...
GIFT Nifty set an All-Time High Monthly Turnover of US $100.7 billion for the Month of September 2024. Highest-ever Monthly Turnover of 1,975,468 contracts worth US $100.7 billion (INR 8,43,713 Crs. equivalent) during September 2024 [ 3 ] [ 4 ] GIFT Nifty Sets an All-Time High Open Interest of US $20.84 billion on September 24, 2024.
The US uses the Social Security number as the de facto national ID number of the country. Vanuatu: National Identity Cards are being issued since October 2017. Plans for rolling out biometric cards were due for the late 2018. [161] [162] Vatican City: The Vatican City issues identity cards for its citizens [163] for main identification. [164]
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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.