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Banking IFSC Codes

All Bank Branches Address IFSC, MICR Codes Data


INDUSTRIAL BANK OF KOREA

  • 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 Bank of Korea was established in 1961 as an industrial bank headquartered in Jung-gu, Seoul, South Korea. The bank is owned by the government of the Republic of Korea (South Korea). From 2013 to 2016, Kwon Seon-joo was its CEO, thus becoming South Korea’s first female bank CEO.
The Industrial Bank of Korea (IBK) lends to small and medium-sized enterprises. The bank leads South Korea in small business loans, representing the bulk of its loan portfolio. Other offerings include deposit accounts, credit cards and asset management services. IBK operates over 560 branches across the country and in approximately 20 countries in Asia (including China and India), the UK and the US. The Korean government controls about 76% of IBK, which was established in 1961. In 2013, the government scrapped plans to fully privatize the bank.

  • INDUSTRIAL BANK OF KOREA





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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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