How to find ICICI Bank PALAKKARAI IFSC CODE , Swift code

FAQs on ICICI Bank PALAKKARAI TIRUCHIRAPPALLI TAMIL NADU

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 TAMIL NADU

Tamil Nadu (; Tamil: [ˈtamiɻ ˈnaːɽɯ] (listen)) is a state in South India. Its capital and largest city is Chennai. Tamil Nadu lies in the southernmost part of the Indian subcontinent and is bordered by the union territory of Puducherry and the South Indian states of Kerala, Karnataka, and Andhra Pradesh. It is bounded by the Eastern Ghats on the north, by the Nilgiri Mountains, the Meghamalai Hills, and Kerala on the west, by the Bay of Bengal in the east, by the Gulf of Mannar and the Palk Strait on the southeast, and by the Indian Ocean on the south. The state shares a maritime border with the nation of Sri Lanka. Its official language is Tamil, which is one of the longest-surviving classical languages in the world.

The region was ruled by several regimes, including the “three crowned rulers” – Chera, Chola and Pandyan states, which shape the region’s cuisine, culture, and architecture. After the fall of the Kingdom of Mysore, the British Colonial rule during the modern period led to the emergence of Chennai, then known as Madras, as a metropolitan city. Modern-day Tamil Nadu was formed in 1956 after the reorganisation of states on linguistic lines. The state is home to a number of historic buildings, multi-religious pilgrimage sites, hill stations and three…

About TIRUCHIRAPPALLI

Tiruchirappalli (pronunciation ) (formerly Trichinopoly in English), also called Tiruchi or Trichy, is a major tier II city in the Indian state of Tamil Nadu and the administrative headquarters of Tiruchirappalli district. The city is credited with being the best livable city and the cleanest city of Tamil Nadu, as well as the fifth safest city for women in India. It is the fourth largest city as well as the fourth largest urban agglomeration in the state. Located 322 kilometres (200 mi) south of Chennai and 374 kilometres (232 mi) north of Kanyakumari, Tiruchirappalli sits almost at the geographic centre of the state. The Cauvery Delta begins 16 kilometres (9.9 mi) west of the city where the Kaveri river splits into two, forming the island of Srirangam which is now incorporated into the Tiruchirappalli City Municipal Corporation. The city occupies an area of 167.23 square kilometres (64.57 sq mi) and had a population of 916,857 in 2011.

Tiruchirappalli is one of the oldest inhabited cities in India. The City has mentioned in Sangam Literature. Srirangam and Uraiyur are the oldest inhabited areas of Trichy. Rockfort of the City is older than Himalayas, age of the rock is 3.8 billion years old. Its recorded history begins in the 3rd century BC, when it was capital of the Cholas. The city has also been ruled by the Pallavas, Pandyas, Vijayanagar Empire, Nayak Dynast…

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