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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.
MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount (usually added after a cheque is presented for payment), and a control indicator. The format for the bank code and bank account number is country ...
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 ...
the final "3" in the MICR is the check digit, and; the "01" below the fraction form is the branch number. In the case of a MICR line that is illegible or torn, the check can still be processed without the check digit. Typically, a repair strip or sleeve is attached to the check, then a new MICR line is imprinted.
Indian Bank, Jagannath Prasad (IFSC Code : IDIB000J001 , MICR Code: 761019009) State Bank Of India, Jagannath Prasad (IFSC Code : SBIN0012113 , MICR Code: 760002508) Utkal Grameen Bank, Jagannath Prasad (IFSC Code : SBIN0RRUKGB) The Aska Coop Central Bank Limited (IFSC Code : UTIB0SASKAC)
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]
The IFSC Code of the branch is CORP0003433 and its MICR Code is 520017106. The working hours of the Chakrayapalem branch of CORPORATION BANK are Monday to Saturday from 10am to 4pm while the 2nd and the 4th Saturdays generally remain non-working days.
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