Reserve bank of India has allotted IFSC codes to all the bank branches in India to easily identify the transactions which are done through a particular branch. IFSC codes are unique 11 digits codes with alphabetic and numeric characters, which are given to all bank branches, and the code won't repeat. It is mandatory to enter IFSC code or MICR codes to identify the branches to perform the cash transactions, without this code the bank branches can't transfer the funds.
These codes helps the users to ensure that the transferred funds receives to the rightful person without any error or concern.
The IFSC code for INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED which is located in Level 1, east wing, wokhardt tower, c 2, g block, bandra kurla complex, bandra east, Mumbai 400 051 is ICBK0000001.
This IFSC code can be used for online money transaction via NEFT, RTGS and IMPS to any INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED account or to any other bank accounts, Here the first 4 alphabets ICBK indicates the bank name, The fifth digit is 0 [zero] for future use, The last 6 digits indicates 000001 the particular branch of INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED which is located in Level 1, east wing, wokhardt tower, c 2, g block, Bandra kurla complex, Bandra east, Mumbai- 400 051.
IFSC code whose full form is Indian Financial System Code used for online payment applications like RTGS which is Real Time Gross Settlement, NEFT which is National Electronic Funds Transfer, IPM, from one bank to another through IMPS which is electronic Instant Mobile Money transfer Service and CFMS which is Centralized Funds Management System instructed by RBI.
RBI has allotted IFSC codes to all banks in India to find out the branches when money transfer takes place. According to RBI guidelines the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India, with the help of IFSC codes and MICR codes the online funds transaction are made easily without any confusion. This codes helps to avoid risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches to the rightful account holder at the specified branch.
The subsidiaries of INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED:-
The total asset value ofINDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED is CN 27.70 trillion which is 4027.44billion in U.S.$ dollars.
For further details contact or write to INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED;City | Branch | IFSC Code |
---|---|---|
Mumbai | Rtgs-Ho | ICBK0000001 |