How to find ICICI Bank GURUGRAM M G ROAD IFSC CODE , Swift code

FAQs on ICICI Bank GURUGRAM M G ROAD GURGAON HARYANA

Format of IFSC Code

IFSC is made of 11 alphanumeric code structured in a pattern where the first four characters representing the name
of the bank, while the last six characters represent the branch of the bank. The fifth character is generally 0
(zero) reserved for future utilisation. The format of IFSC is as below.

How to find MICR Code

1:MICR code can be found on a cheque leaf and bank passbook.
2:You can also find MICR code on the specific bank’s website.

About UPI

Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India (NPCI) facilitating inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. The interface is regulated by the Reserve Bank of India (RBI) and works by instantly transferring funds between two bank accounts on a mobile platform. As of December 2020, there are 207 banks available on UPI with a monthly volume of 2334.16 million transactions and a value of ₹4,162 billion (US$58 billion) UPI witnessed 22102.3 million transactions till November 2020. The mobile-only payment system helped transact a total of ₹17.29 lakh crore (US$240 billion) during the 37 m…

About IMPS

Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24×7 throughout the year including bank holidays. NEFT was also made available 24×7 from December 2019. RTGS was also made available 24×7 from 14th December 2020.

It is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later t…

About NEFT

National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology. NEFT enables bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis. It is done via electronic messages.

Unlike real-time gross settlement, fund transfers through the NEFT system do not occur in real-time basis. Previously, NEFT system settled fund transfers in hourly batches with 23 settlements occurring between 00:30 hrs. to 00:00 hrs.

From 16 December 2019, there would be 48 half-hourly batches occurring between 00.30 am to 00:00 am every day regardless…

About RTGS

The Real Time Gross Settlement (RTGS) dollar or RTG (Zimdollar or zollar, now abbreviated as ZWL or ZWL$) was the only official currency in Zimbabwe from June 2019 to March 2020, after which foreign currencies were allowed for trade in the country again.

History

The RTGS dollar was introduced on 21 February 2019 as part of the February 2019 Monetary Policy that was enacted by the Governor of the Reserve Bank of Zimbabwe, John Mangudya. The currency was made up of bond coins, bond notes and RTGS balances. The original bond notes were introduced in 2016 to ease US Dollar cash shortages at the time. They were renamed RTGS dollars in 2019, and in June 2019 became the only legal currency in Zimbabwe, replacing the multi-curre…

About SWIFT Code

ISO 9362 defines a standard format of Business Identifier Codes (also known as SWIFT-BIC, BIC, SWIFT ID or SWIFT code) approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. The ISO has designated SWIFT as the BIC registration authority. When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI. These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometim…

About ICICI Bank

ICICI Bank Limited is an Indian financial services company with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. The bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.

The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa; as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company’s UK subsidiary has also established branches in Belgium and Germany.

History

ICICI Bank was established by the Industrial Credit and Investment Corporation of India (ICICI), an Indian financial institution, as a wholly owned subsidiary in 1994 in Vadodara however the parent company was formed in 1955 as a joint-venture of the World Bank, India’s public-sector banks and public-sector insurance companies to provide project financing to Indian industry. The bank was founded as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to IC…

About HARYANA

Haryana (; Hindustani: [ɦəɾɪˈjaːɳa]) is a state in India located in the northern part of the country. It was carved out of the former state of East Punjab on 1 November 1966 on a linguistic basis. It is ranked 22nd in terms of area, with less than 1.4% (44,212 km² or 17,070 sq mi) of India’s land area. Chandigarh is the state capital, Faridabad in National Capital Region (NCR) is the most populous city of the state, and Gurgaon is a leading financial hub of the NCR, with major Fortune 500 companies located in it. Haryana has 6 administrative divisions, 22 districts, 72 sub-divisions, 93 revenue tehsils, 50 sub-tehsils, 140 community development blocks, 154 cities and towns, 6,848 villages, and 6,222 villages panchayats.

As the largest recipient of investment per capita since 2000 in India, There are by 30 special economic zones (SEZs), mainly located within the industrial corridor projects connecting the NCR. Cities like Gurgaon is considered one of the major information technology and automobile hubs of India. Haryana is the 11th-highest ranking among Indian states in human development index. The economy of Haryana is the 13th largest in India, with a gross state domestic product (GSDP) of ₹7.65 trillion (US$110 billion) and has the country’s 5th-highest GSDP per capita o…

About GURGAON

Gurgaon, officially Gurugram, is a city located in the northern Indian state of Haryana. It is situated near the Delhi-Haryana border, about 30 kilometres (19 mi) southwest of the national capital New Delhi and 268 km (167 mi) south of Chandigarh, the state capital. It is one of the major satellite cities of Delhi and is part of the National Capital Region of India. As of 2011, Gurgaon had a population of 1,153,000.

Gurugram is India’s second largest information technology hub and third largest financial and banking hub. Gurugram is also home to India’s largest medical tourism industry. Despite being India’s 56th largest city in terms of population, Gurugram is the 8th largest city in the country in terms of total wealth. Gurugram serves as the headquarters of many of India’s largest companies, is home to thousands of startup companies and has local offices for more than 250 Fortune 500 companies. It accounts for almost 70% of the total annual economic investments in Haryana state, which has helped it become a leading hub for high-tech industry in northern India. Gurugram is categorised as very high on the Human Development Index, with an HDI of 0.889 (2017).

Gurugram’s economic growth started in the 1970s when Maruti Suzuki India Limited established a manufacturing plant and gathered pace after General Electric established its business outsourcing operations in the city in collaboration with real-estate firm DLF…

source : https://en.wikipedia.org/wiki/