Smart CA - An Introduction to INDIAN BANKING SYSTEM and IFSC Code

Banks in India are the back bone of Indian Economy. Gone are the days when banks used to only accept deposits, lend loans and act as agents. The computerization and digitalization of banking sector has caused a major revolution in our country. In India, Reserve Bank of India is the apex or the highest banking organization. All public sector banks, private sector banks, foreign banks, regional rural banks, co-operative banks and co-operative credit institutions come under the governance of RBI.

IFSC in short is Indian Financial System Code. Each of the branches of banks located in India or abroad have IFSC code. IFSC code is a combination of numbers and alphabets. Reserve Bank of India is the apex banking organization that is authorized to issue IFSC codes. All online transactions in India is based on this IFSC code. Fund transfers online like NEFT, IMPS AND RTGS banking transactions is based on IFSC code. You can Find IFSC Codes Here.

Viewing 91 - 113 of 113 Banks

IFSC Codes | Bank Codes | NEFT IMPS RTGST Methods

Why do you need an IFSC Code of a Branch of any Bank?

In India, Reserve Bank of India is the apex or the highest banking organization. All public sector banks, private sector banks, foreign banks, regional rural banks, co-operative banks and co-operative credit institutions come under the governance of RBI. It has the power to fix interest rates, Cash reserve ratio, printing of bank notes, foreign exchange control and other banking powers.

In case if you are planning to start a business, Get ready to open a business bank account once you have necessary business registration. Though for a sole trader it is not compulsory to open a separate business bank account, it is always wise to have a separate bank account for business purposes to have separate record for business banking transactions.

ADVANTAGES OF HAVING BUSINESS BANK ACCOUNTS

All business owners have the same question- Is it necessary to open bank account for my business?. Let us see why you need to have business bank accounts.

Who is Smart CA Team? Smart CA is a team of Best Chartered Accountants and No 1 Auditors in Chennai. We provide Private Limited Registration services, LLP registration services, Audit And Review Services, MSME registration services, GST registration services and filing services. We have great contacts with many banks and have helped scores of our clients in opening business bank account easily and quickly with minimum documents across various banks. We also help our clients for business loans from banks. Please call or text us for more details.


Warning: include(../include/our-services.php): failed to open stream: No such file or directory in /var/www/vhosts/smartca.org/httpdocs/bank/find-ifsc-codes.php on line 143

Warning: include(../include/our-services.php): failed to open stream: No such file or directory in /var/www/vhosts/smartca.org/httpdocs/bank/find-ifsc-codes.php on line 143

Warning: include(): Failed opening '../include/our-services.php' for inclusion (include_path='.:/opt/plesk/php/7.3/share/pear') in /var/www/vhosts/smartca.org/httpdocs/bank/find-ifsc-codes.php on line 143