JP Morgan Bank was a commercial and investment banking institution founded by JPMorgan in 1871.The firm’s origins date back to 1854 when Junius S. Morgan joined George Peabody & Company (which became Peabody, Morgan & Company), a London-based banking business headed by George Peabody. It was renamed J.S. Morgan & Company was placed upon Peabody’s retirement in 1864 The company was the predecessor of the three largest banking institutions in the world – JPMorgan Chase, Morgan Stanley and Deutsche Bank (via Morgan, Grenfell and). Co.) – and Drexel was involved in the formation of Burnham Lambert. Another name for the company is “House of Morgan” or simply “Morgan”.
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).
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.