On 29.6.191, Rajarambapu Patil Bank / Walwa Sahakari Bank Ltd., Peth was established. The Bank commenced its operations on 10.11.1981 with the permission of Reserve Bank of India. In 1984, it was unanimously decided to change the name of Walava Sahakari Bank to Rajarambapu Sahakari Bank. Veteran leader and ex. Maharashtra Congress Committee President Mr. Rajarambapu Patil was instrumental in establishing education society, sugar factory, spinning mill, consumer store and cooperative bank in this region. He had a vision to develop rural areas for which he recognized the need for banking. Rajarambapu Patil was leading the bank’s elevation; He observed that the bank provides services to small and needy persons. Throughout his life it was his endless endeavor to meet the needs of the poor farmers of the region.
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.