What is IFSC?
IFSC (Indian Financial System Code) is a unique code that helps banks identify the bank-branch that funds are directed to during an electronic transfer or settlement of funds. It is made up of 11 alphabets and numbers arranged in a manner such that the first four characters are alphabetic and denote the bank and the last six characters are numeric (could be alphabetic) and denote the branch of the bank and the two are divided by the fifth character, usually a zero (0), that can be used at a future date when required.
How do we get a Bank's IFSC?
The IFS code, or IFSC, is used during two main types of electronic settlement viz. NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement). Every bank-branch that uses an IFSC code can provide information on the code as required. It is also printed on the cheque books issued by the bank-branch that uses the IFSC. Alternatively, it can be found online either at the bank's website or through the RBI's website. It can also be found on other online sites such as BankBazaar.com.
One such online source for IFS codes which has an online directory of IFSCs of all banks in India, besides related information like bank details and offerings. You can reach the appropriate page by navigating to the 'Resources' tab on the home page and choosing 'Bank IFSC Codes' from the drop-down menu. You can also reach the directory, directly, by clicking on the following link http://www.bankbazaar.com/ifsc-code.html. Here, you will be required to select the bank of your choice either from the drop-down list or from the list of banks provided, followed by the state and district in which the bank is located and finally the particular branch for which the code is required.
What are Gramin Banks?
Gramin Banks are Regional Rural Banks which exist to serve the rural areas of India. They operate within the district(s) of a particular state as set by the government. They provide various banking services and help mobilise funds for rural farmers, labourers etc. Their operations may extend into semi-urban and urban areas as well. They were originally formed under the sponsorship of 5 public-sector commercial banks.
A number of RRBs have been amalgamated to consolidate the presence of these banks within each state. An overview of the amalgamated banks and their new names alongwith their sponsor bank can be found on the RBI website at the link given below.
Uttar Bihar Gramin Bank IFSC code:
Uttar Bihar Gramin Bank is one such regional rural bank or RRB. It is in the state of Bihar, headquartered at Muzaffarpur and sponsored by Central Bank of India. It has one of the most widespread networks with over 1000 branches across India. The contact details for the Uttar Bihar Gramin Bank are:
Uttar Bihar Gramin Bank,
Head Office, Kalambagh Chowk,
Muzaffarpur- 842 001
http://www.ubgb.in/
Phone no. 0621-2248141
(source: www.rbi.org.in)
As mentioned above, the IFSC code can be obtained either directly from the bank or online.
The Uttar Bihar Gramin Bank IFSC code is CBIN0R10001 (Central Bank of India, Muzaffarpur) where Central Bank of India is the bank, Bihar is the state, Muzaffarpur is the district and Uttar Bihar Gramin Bank is the branch.
CBIN - denotes the bank; 0 is the fifth character and R10001 - denotes the branch code.
The IFSC for all Gramin Banks or Regional Rural Banks (RRBs) can be found in a similar way.
A list of all RRBs in India, with their contact details, can be found on the RBI's website using the following link http://www.rbi.org.in/scripts/AboutUsDisplay.aspx?pg=RegionalRuralBanks.htm
Please note, the information provided above is subject to change.
To learn more about various banks and their codes, offerings and to compare and find products best suited to you, visit www.bankbazaar.com
IFSC (Indian Financial System Code) is a unique code that helps banks identify the bank-branch that funds are directed to during an electronic transfer or settlement of funds. It is made up of 11 alphabets and numbers arranged in a manner such that the first four characters are alphabetic and denote the bank and the last six characters are numeric (could be alphabetic) and denote the branch of the bank and the two are divided by the fifth character, usually a zero (0), that can be used at a future date when required.
How do we get a Bank's IFSC?
The IFS code, or IFSC, is used during two main types of electronic settlement viz. NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement). Every bank-branch that uses an IFSC code can provide information on the code as required. It is also printed on the cheque books issued by the bank-branch that uses the IFSC. Alternatively, it can be found online either at the bank's website or through the RBI's website. It can also be found on other online sites such as BankBazaar.com.
One such online source for IFS codes which has an online directory of IFSCs of all banks in India, besides related information like bank details and offerings. You can reach the appropriate page by navigating to the 'Resources' tab on the home page and choosing 'Bank IFSC Codes' from the drop-down menu. You can also reach the directory, directly, by clicking on the following link http://www.bankbazaar.com/ifsc-code.html. Here, you will be required to select the bank of your choice either from the drop-down list or from the list of banks provided, followed by the state and district in which the bank is located and finally the particular branch for which the code is required.
What are Gramin Banks?
Gramin Banks are Regional Rural Banks which exist to serve the rural areas of India. They operate within the district(s) of a particular state as set by the government. They provide various banking services and help mobilise funds for rural farmers, labourers etc. Their operations may extend into semi-urban and urban areas as well. They were originally formed under the sponsorship of 5 public-sector commercial banks.
A number of RRBs have been amalgamated to consolidate the presence of these banks within each state. An overview of the amalgamated banks and their new names alongwith their sponsor bank can be found on the RBI website at the link given below.
Uttar Bihar Gramin Bank IFSC code:
Uttar Bihar Gramin Bank is one such regional rural bank or RRB. It is in the state of Bihar, headquartered at Muzaffarpur and sponsored by Central Bank of India. It has one of the most widespread networks with over 1000 branches across India. The contact details for the Uttar Bihar Gramin Bank are:
Uttar Bihar Gramin Bank,
Head Office, Kalambagh Chowk,
Muzaffarpur- 842 001
http://www.ubgb.in/
Phone no. 0621-2248141
(source: www.rbi.org.in)
As mentioned above, the IFSC code can be obtained either directly from the bank or online.
The Uttar Bihar Gramin Bank IFSC code is CBIN0R10001 (Central Bank of India, Muzaffarpur) where Central Bank of India is the bank, Bihar is the state, Muzaffarpur is the district and Uttar Bihar Gramin Bank is the branch.
CBIN - denotes the bank; 0 is the fifth character and R10001 - denotes the branch code.
The IFSC for all Gramin Banks or Regional Rural Banks (RRBs) can be found in a similar way.
A list of all RRBs in India, with their contact details, can be found on the RBI's website using the following link http://www.rbi.org.in/scripts/AboutUsDisplay.aspx?pg=RegionalRuralBanks.htm
Please note, the information provided above is subject to change.
To learn more about various banks and their codes, offerings and to compare and find products best suited to you, visit www.bankbazaar.com