Importance Of IFSC code - PowerPoint PPT Presentation

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Importance Of IFSC code

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IFSC is unique 11 character code issued by the RBI to all banks and their branches for processing Fund Transfer. – PowerPoint PPT presentation

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Title: Importance Of IFSC code


1
The Importance Of IFSC Codes
  • Created By Priya Mathiyazhagan
  • http//indianbankdetails.com/

2
Introduction
  • IFSC is the well known term for the people in
    financial system (Indian Financial System Code.
  • IFSC code of Canara Bank is the 11 character
    alphanumeric code provided by the RBI for all
    banks for processing EFT ( Electronic Fund
    Transfer)
  • The first four digits of IFSC code represents the
    Bank name and fifth character is zero. The Last 6
    digits of IFSC code represents the branch. This
    is unique and will vary for each and every
    branches of all banks.

3
Ifsc code
4
Services By Canara Bank
  • Personal Banking
  • Personal Loans
  • Home Loan
  • Canara Bank Global Credit Cardsv
  • Corporate Banking
  • Accounts and Deposits
  • Loans Advance
  • TUF Schems
  • Canara Electronis Tax

5
Conclusion
  • The use IFSC code has made the transactions easy
    and quick, a very important tool for all the
    banking services By Raviranjan.
  • IFSC code is very important to the financial
    institution for processing money transfer. For
    using Internet Banking IFSC code is mandatory for
    Fund transfer.
  • http//indianbankdetails.com/
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