What is BIC ?

The BIC or Bank symbol Code (also referred to as the SWIFT address) is a unique address that in payment messages identifies exactly the bank concerned in monetary transactions. once employed in conjunction with the IBAN it identifies the bank at that the account of the beneficiary is command.

What is RTN ?

Bank routing number or routing transit number (RTN) is a nine digit number used to identify a financial institution in a transaction. Internation banks Routing Code, Bank Identifier Code (BIC) & SWIFT codes are basically the same.

What is Bank BSR Code

Basic Statistical Return (BSR) Income Tax Department's initiative to receive information and maintain records of tax paid through banks through online upload of challan details is named as OLTAS (Online Tax Accounting System).

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What is Bank IFSC CODE ?

IFSC stands Indian Financial System Code. IFSC is an alpha numeric code which uniquely identify bank branch in india. A Bank-Branch participating in the two main Electronic Funds Settlement Systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) systems. IFSC is used by the NEFT & RTGS systems to route the messages to the destination banks / branches. IFSC Code consists of 11 Characters: (ex. DDDD0010572)

  • First 4 characters represents bank code.
    For Example: One of the IFSC code for ICICI Bank is ICIC0001896. First 4 characters ICIC0001896 represents bank code.
  • The 5th character is a '0' Zero for future use (ICIC0001896)
  • Remaining last 6 characters used to indentiy the bank branch. ( ICIC0001896)

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What is MICR Code?

The Magnetic Ink Character Recognition Code (MICR) is a numeric code that uniquely identifies a Bank-Branch participating in the ECS Credit scheme. MICR code consists of 9 digits e.g 500447125

  • First 3 digits represent the city (500447125 )
  • Next 3 digits represent the bank (500447125 )
  • Last 3 digits represent the branch (500447125)

The MICR Code assigned to a bank branch is written on the MICR band of cheque leaves issued by bank branches.

IFSC Code Bank

IFSC used for Indian Financial System Code and is provided by the RBI (Reserve Bank of India).IFSC Code is identifying Bank branches participating in online fund transfers. IFSCcode Bank is unique for each branch. IFSC is an alpha numeric 11 characters code which uniquely identify each individual bank branch in india.