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Banking IFSC Codes

All Bank Branches Address IFSC, MICR Codes Data


INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD

  • 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).

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD  is an industrial and commercial bank of China and a multinational Chinese banking company. It was established on 1 January 1984 as a limited company.

 ICBC is a state-owned commercial bank. It is considered a systemically important bank by the Financial Stability Board.

China’s mono-banking system since 1948 was the People’s Bank of China, which provided both policy lending and operations to the commercial sector. Banking reform was initiated by the Chinese government during 1978 to 1979, expressing a desire to have a central bank with four state-owned specialization banks, one of which was the ICBC.

A two-tier banking system was created during 1979-1985.]

Right from a contradiction within the economic functioning of the Chinese government during 1984–2005, the State Council of the People’s Republic, the State Council of China, decided during September 1983 to separate some of the government’s activities into an exclusively governed organisation. . , which was later renamed the Industrial and Commercial Bank of China.

  • INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD





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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.

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