RBI has allotted IFSC codes to all the bank branches in India to easily identify transactions done through a particular branch. IFSC codes are unique 11-digit codes with alphanumeric characters, which are given to all bank branches and the code won't repeat. It is mandatory to enter IFSC code or MICR code to identify the branches to perform fund or cash transactions. Without this code the bank branches can't transfer funds. These codes help the users to ensure that the transferred funds go to the right person, without any errors.
For example, we can take the IFSC code: “CTCB0000003” of the CTBC Bank Co Limited branch in Sriperumbudur Branch, Kancheepuram, District, near Chennai, Tamil Nadu. This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any CTBC Bank Corporation Limited account or to other bank accounts.
- Here, the first four alphabets, CTCB, indicate the bank name, i.e., CTBC Bank Co Limited.
- The fifth digit is 0 (zero) - provided for future use
- The last six digits 000003 - denotes a particular branch of Sriperumbudur Branch, Kancheepuram, District, near Chennai, Tamil Nadu.
The Indian Financial System Code in short denoted as IFSC is used for online payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IPM), from one bank to another through electronic Instant Mobile Money Transfer service (IMPS), and Centralized Funds Management System (CFMS) instructed by RBI.
RBI has allotted IFSC codes for all banks in India to find out the branches when money transfers take place. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India. With help of IFSC codes and MICR codes, the online fund transfers are made easy without any confusion. The first four Characters mentioned in IFSC code denote the bank names and the last six digits helps to identify the bank branch name involved in the transaction. The fifth digit is zero for all banks which is next to alphabets provided for future use. This code helps to avoid the risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches the right account holder at the specified branch.
Easy way to find CTBC Bank Co Limited IFSC Code and MICR Code?
If the customer knows the full name of the bank and its branch location, then it is easy to find IFSC codes and MICR codes within a few seconds. The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by CTBC Bank Co Limited.
The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter on the bank’s official website. Some of the third-party financial websites or other advertisement websites are also rendering the service to get IFSC codes of any bank and its branches located in India.
Some of the popular financial comparison sites display the table carrying IFSC codes for CTBC Bank Co Limited branches throughout India. Any account holder visiting the website can choose the Bank IFSC code link present on the home page. Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes for CTBC Bank Co Limited. The website displays all details about the bank such as the phone number, address of the branch, name, branch code etc.
Chinatrust Commercial Bank Limited Branch Details
About China Trust Bank Corporation Bank
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CTBC (China Trust Bank Corporation) Bank was first established in 1966, as China Securities Investment Corporation (CSIC), to facilitate the trading of stocks given to landlords as compensation for lands transferred to farmers during the government sponsored land reform program. During its existence, the bank has undergone two reorganization schemes: changing its name to China Trust Investment Co., Ltd. in 1971 and later, transforming its operations to become the China Trust Commercial Bank in 1992. The growth of the bank coincided with Taiwan's economic developments and historical trends', having experienced the formation and development of the country's financial market and is closely related to it.
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CTBC Bank incorporated in Taiwan had established its first branch in India at New Delhi in April 1996 and had opened a second branch in Sriperumbudur, near Chennai in June 2012. It is the first and only Taiwanese Bank in India which has completed more than twenty five years of successful operation and stood the test of time by growing steadily, offering vast, varied and versatile services with a personal touch.
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It mainly provides banking services to corporate customers through a bouquet of products comprising wholesale lending and deposits, trade finance solutions, cross-border businesses, among others. The bank is also licensed as an ‘Authorised Dealer Category 1’ bank by the Reserve Bank of India. It can provide foreign currency products and services to its customers, as per regulations.
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In India, CTBC Bank is committed to support the domestic and international businesses through tailor made, innovative products and services. It will continue to stand by its brand spirit "We are family". It will also adhere to its mission "protect and build" and core values of caring, professional, and trustworthy while providing customers with a complete variety of convenient services.
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CTBC Bank is a leading financial services group in Asia and is Ranked No.1 most valuable brand in Taiwan’s financial industry. It was named as the ‘Best Retail Bank’ in Asia Pacific for 2019 by the Asian Banker. CTBC Bank has a high credit rating and has a comprehensive overseas network with over 260 service outlets in 14 countries and 152 branches in Taiwan, America, Canada, Japan, India, Indonesia, Philippines, Thailand, Vietnam, Hong Kong, Singapore and mainland China. It has been actively expanding into overseas markets and focuses on building a complete cross-border financial service platform.
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The Indian operations benefit from a strong product franchise and legacy of CTBC Group. It is an organization complying with the traditional Indian values of service to the community. This bank was established under license from Reserve Bank of India and became a scheduled bank as per RBI Regulations. CTBC Bank is regarded as one of the well-run foreign banks operating in India. Today, its good customer service, adherence to prudential norms, complying with all the regulations stipulated by RBI and its Head Office in Taiwan and adoption of modern technology for betterment of customer service have earned the bank a place of pride in the Banking Community. It has been richly endowed with a relatively young, dynamic and efficient manpower, which is the key factor of the bank's success. Excellence in performance and uniqueness in customer service form the central core of the bank's organizational culture. The growing confidence of its clientele is well reflected in the bank's performance in all critical areas of its operations through the years.
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Taking into consideration the economic liberalization, market scenario and the opportunities available CTBC Bank was set up largely to cater to the business needs of Indian Corporate as well as Taiwanese clients. Moreover New Delhi being the Capital of the country, the place was selected to cater to Northern and Eastern part of India as most of the foreign banks were catering in West of India i.e. Mumbai. The entry in India was during the Financial Year 1995-96 and the office was set up in October 1995. RBI allowed banking license in February 1996 and the bank formally started operations from April 1996.
Address:
CTBC Bank Corporation Limited,
Ground Floor & 2nd Floor, Aria Tower,
JW Mariott Hotel, Delhi-Aerocity,
New Delhi – 110037,
For further details contact phone No: 91-11-43688888,
Fax No: 91-11-43688873.
Customer Services Email : in.customerservices@ctbcbank.com
Trade Services Email : in.tradeservices@ctbcbank.com
General Inquiries Email : in.info@ctbcbank.com
Website : https://www.ctbcbank.com/content/dam/cbminisite/IN/index.html