123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL » General >> View Article

Money Transfer Made Easier With Ifsc Code

By Expert Author: addneybanner

Nowadays, companies, corporations and even individuals in India need not have to run to banks for carrying each and every transaction and fund transfers. These days, it is turning out to be hard to find customers using checks for making payments. This is made possible because of the advancement in the field of information technology and these days people can send and receive money electronically through NEFT as against making payments through checks.

This facility provides the customers to transfer money through internet from any corner through a computer with internet connection. A few years back, this was not the case as people were forced to visit the branches in which they hold account for making money transfers. Also, they were forced to wait in long queues for completing the intended transactions. Otherwise, they had the option of signing the checks for payment. In short, the fund transfer process was lengthy those days as against what it is nowadays and so businesses will not have to waste their valuable business hours and will not have to wait in long queues for completing the transactions.

An introduction to IFSC Code: These days each of every branches different banks in India are provided with the unique IFSC code. For instance, there will a difference between the ICICI bank Mumbai IFSC code and Corporation Bank IFSC Code Chennai. In addition to difference present between the code of one bank and another, there will be difference in the code from one branch and another branch of the same bank. However, the initial digits will be the same for all branches as the denote the name of the bank. So, what is this code? It is the Indian Financial System Code and it is provided by the RBI for each bank to use the CFMS, NEFT and RTGS systems for making and receiving payments.

Generally, this code will have 11 digits with a combination of alphabets and numbers. As mentioned earlier, the starting 4 figures will be common for different branches of the same bank to denote the name, while the remaining digits will differ. Nowadays, most of these financial services have printed these unique characters on the check book leaves.

The Corporation Bank IFSC code Chennai can be used by an individual, corporate, company or trading centers in India for transferring funds to any individual, company or corporate with account in the Corporation Bank, Chennai branch. The same thing is applicable for people planning to transfer funds to an individual/company with account in ICICI bank and they can use ICICI Bank Mumbai IFSC code.

Want to find bank ifsc code finder? IFSC code is having great importance in fund transfers. It plays a vital role in online and mobile banking for any transaction to be performed. Get more info on ifsc code sbi, please visit us.

Total Views : 61Word Count Appx. : 469See All articles From Author

General Articles

1. The Importance And Use Of Solid Rivets In Industries
Author: Alpesh

2. Wie Man Ein Abendkleid Wählen Das Ist Die Richtige Für Sie
Author: dameo.de

3. Erin Scharf Hat Eine Romanze Mit Brautkleider Mekleid
Author: mekleid

4. Are You Ready For The Ride Of Your Life?
Author: Ackerley Bach

5. Thminers Release 2 New Cryptocurrency Miners
Author: 1888PressRelease

6. Elegant Prom Dresses Znu.com
Author: ZNUZNU

7. Change It Up: Sit Or Stand Easily With Adjustable Desks
Author: Jensen Karp

8. Tough Choice This Week As There Are A Madden 17 Lot Of Juicy Matchups.
Author: Tough choice this week as there are a Madden 17 lo

9. Car Hauling Hours Determined By Congress
Author: parveen kumar

10. 5 Factors To Consider When Looking For Taxi Services In Nottingham
Author: Nottscars

11. The Bank Of The West Classic
Author: Unknown Member

12. Digital Marketing – The Competitive Advantage
Author: Mario Sazos

13. Planetary Mixer Plays The Vital Role In Concrete Industry
Author: Planetary Mixer Plays the Vital Role in Concrete I

14. Analysis Of Main Parts Of Concrete Equipment
Author: Analysis of Main Parts of concrete equipment

15. Ensure The Normal Working Of Concrete Mixing Machine
Author: Ensure the Normal Working of concrete mixing machi

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: