What is the difference between Bank IFSC Code and Bank SWIFT Code?

 Banking in the world has been controlled by various systems which will facilitate the transfer of funds from one account to another.

Even countries when engaged in trading use various banking systems to transfer funds.

The Bank IFSC Code and SWIFT Code are such financial system that uses various codes to facilitate fund transfers.

In this article, we will discuss, what is the difference between Bank IFSC Code and Bank SWIFT Code, Structure, features, examples for using the code, etc.

IFSC Code

IFSC Code stands for the Indian Financial System Code which is a code used to transfer funds within India. This system was introduced by the RBI to facilitate fund transfer in India.

The mechanism of the IFSC Code is standardized such that it is easy and effective for the user to transfer funds.

The IFSC Code will be issued to different branches of the bank functioning in India. For example- the State Bank of India Rohini branch IFSC Code has an IFSC Code of SBIN0021223 which is unique to the branch and can only be used by individuals having an account with the same branch.

IFSC Code Structure

IFSC Code is an 11-digit alphanumeric code and has the first four-digit as a bank code like in the above example SBIN is for State Bank of India.

The next number i.e. 5^th number is 0 which is for future expansion of the branch followed by the next 6 digits which are for the branch code. This structure is standard for every bank functioning in India.

Features of IFSC Code

IFSC Code has multiple features which makes it special and useful for the Banks to facilitate fund transfer. The following are the features that might be useful-

·         It helps in reducing the mismanagement of the fund transfers

·         It helps you in identifying the bank branch easily

·         Every bank branch in India has a unique bank branch code that will help you in transferring funds.

SWIFT Code

Swift stands for Society for Worldwide Interbank Financial Telecommunication.SWIFT Code is a code used for international fund transfers, Every country has an access to the SWIFT Code except Russia.

Using the SWIFT Code merchant in one country can pay for the goods he/she bought in the other country. SWIFT is the backbone of international trade and every country is required to do trade using the SWIFT Code.

SWIFT Code Structure

SWIFT code is an 8 to 11-digit code used to transfer funds internationally. The first 4 digits in SWIFT are the bank code followed by 2 digit placeholder code usually 0 and the last 3 digits will be the location code.

If the code is 11 digits, then everything mentioned above will be the same however, the last digits will be of the branch code.

Features of SWIFT Code

The following are the features of the SWIFT Code-

·         It is used internationally and is capable of sending funds from one country to another

·         It is a global standard for the world trade

·         It is widely accepted by countries around the world

About World Bank

World Bank is an organization which provides loans and financial aids to developing countries. With its headquarters in Washington D.C. the World Bank was founded in 1944. The World Bank consists of two financial bodies IBRD (International Bank for Reconstruction and Development) and IDA (International Development Association).

There are 189 countries which own the membership of the World Bank. Its motto is ‘Working for a World Free of Poverty’. Improving health, education and infrastructure are the main objectives of the World Bank. David Malpass is serving as the president of World Bank Group since 9^th April, 2019.

World Bank is the major observer of the global economics along with WTO (World Trade Organization) and IMF (International Monetary Fund). The bank gathers its funds mainly from the capital subscription of member countries and net earnings raised from interest payments on loans. World Bank has more than 10,000 employees with more than 120 offices worldwide.

The bank’s involvement in forming economic policies has increased in developing countries. World Bank is also working in prevention of climate change. As it may shove 100 million people to poverty by 2030. The bank launched an open website to give free access of major indicators in 2010. They are:

• Health
• Poverty, gender and aid effectiveness
• Business, agriculture and financial areas
• Labor, education and income
• Development and infrastructure

World Bank analyzes global trends in trade and finance, and also explains their effects on countries.

It is not impossible but limits the sources from borrowing funds for the poor and developing countries in the absence of World Bank. The projects which are done by these countries are essential for education, employment and providing healthy living conditions of their citizens. One of the world's largest development assistance, the World Bank supports the efforts of developing countries to build schools and medical centers, provide water and electricity, fight severe diseases, and protect the environment.

The number of shares of the World Bank a country can have is calculated on the size of its economy. Right now United States is the biggest shareholder of the bank. Then Japan followed by Germany, UK and France. The remaining shares are divided among other country members. A board of Governors represents the Bank’s government shareholders. These are finance ministers and central bank governor of the countries. Governors are the policymakers in the World Bank. Their meeting held once per year.

These officials decide what should be the main focus on upcoming years to reduce poverty globally. The bank has well managed financial reserves which help it to borrow money at low interest and lend that to developing countries. World Bank lends money to the poorest countries at no interest. It also has the advantage of longer repay period. Countries have 35-40 years to repay, with a 10-year grace period.

World Bank’s work resulted as a big help for non developed countries as it has given them an opportunity to make themselves developed. It is also working continuously in climate change, poverty, weak infrastructure and several global issues. 
Source of Article- Bank IFSC Code

How to Keep Bank Account Safe?

Bank account is a basic necessity for every individual. It helps in saving our money and helping in keeping them safe. When it comes to safety the banking system provides full safety of our money. When we store our money in the bank, you will get your money back and it will get reflect in your account immediately.

Banking system often introduced latest and advanced technology to cater the growing needs of the country. Digital Banking is a new technology that offers the user with the latest and most advanced features that allows the user to use the banking system without leaving the house or office premises. This type of banking is a preferred method of banking for those who are busy in their daily routine and does not want to visit the bank branch.

Since, digital Banking uses the internet as a medium for providing the banking services. It can be the reason of breach in the security. This has to counter by using different measures that will prevent hacking into the banking account which we will discuss in this article.

SSL Certificate

SSL Stands for Socket Security Layer which provides protection from any third party breach while the two i.e. bank and the account holder are sharing a layer of communication. SSL protects this layer and prevent any interruption. It uses the encryption technology that is impossible to crack. A supercomputer would take 100s of years if it starts decrypting the SSL protected layer.

Two- Step Verification

Two-step verification is a process when a payment or any changes to the bank account is confirmed by a password followed by another step that is added to provide even more security. In digital Banking, the two-step verification is used by OTP method meaning an OTP will be sent to your mobile number.

OTP Based Payment Key

Whenever we initiate the payment transfer the very first step includes providing the password which is followed by providing the payment key via OTP sent to the mobile number registered with the bank. It prevents any false payment initiated and helps the account to secure its payments.

Source- HDFC Bank IFSC Code

Banking Services to Use in 2019 to Make the Banking Easy

Banks is an essential part of a country economy. It is the backbone and support of the country which makes it very prominent for development and growth prospects. To meet this needs the banking sector is always improving and changing in terms of security, services and creditability. The developing country like India that aims for being the Global Superpower by the year 2025 has to be very fast in adapting to new technology and new ideas that can improve the banking system.

List of Banking service Provided by the Bank

Net Banking

Net Banking or internet banking is a banking service which helps the customer to use the banking without leaving the house or home. It can be done by using the laptop or PC and an internet connection. The internet banking can be used for various task like fund transfer, Bank balance check, account statement etc.

Mobile Banking

Mobile banking is similar to the net banking in many ways the only difference being the use of mobile device instead of the pc or laptop. It is however a little limited with the usability as there are some limit imposed on the mobile banking for some banks. Different banks vendor have different mobile app services.

Savings Account

Savings Account is the traditional part of a bank and the concept of the savings bank has not yet changed in any terms. These types of account are aimed to save the hard earned money which provides the people with option to save for their needs and want. Savings account offers interest on the amount of money you deposited.

Current Account

Current Account is the account best suitable for the businesses who wants to use the banking system often without requiring much of limitation in any way that savings bank posses. Some bank does provide an interest on the amount deposit and some don’t but regardless to say this account is very beneficial if you have a business that require continuous transition requirement.

Payments Bank

Payment bank is a new concept of banking that uses a digital wallet instead of bank account for the transaction. You can transfer fund from wallet to wallet or form wallet to bank account. It is made for introducing banking system in daily activities like buying groceries etc.

Source- Bank IFSC Code

How to Transfer Funds using RTGS Online?

RTGS is a very useful way of transferring money online as well as offline. Previously offline method of RTGS was mostly used by the people. RTGS stands for Real Time Gross Settlement which stands on it abbreviation. It settles the fund transfer in the real time meaning immediately. Before transferring any funds online it is important to check your bank account balance using the Bankbalance check missed call number to ensure that the account contains sufficient fund. In this article we will provide you with different steps that you can use to make your RTGS transaction online.

Eligibility for RTGS online

The following are the Eligibility for RTGS Online-

1.          The Maximum and minimum limit for RTGS are Rs.2 Lakhs and no upper limit respectively
2.          Functional Net Banking
3.         Account holder details

Pre-requisite for RTGS online

You need to have the following details for transferring funds online-

•          Account details of the receiver

o   Account number

o   Name

o   Bank IFSC Code

1.       Net Banking Login details

2.       Internet connection

3.       PC/Laptop or Smartphone Phone

Steps for Transferring Money online using RTGS

The following are the steps that you can follow to transfer the funds online-

• Login to your net banking portal using the ID and Password
• Navigate to the Fund transfer tab
• Now click on the Add Beneficiary Tab
• Fill all the details like account number, name etc.
• After adding the beneficiary  navigate again to the fund transfer tab
• Now fill the details with the name and selecting beneficiary followed by the amount and click proceed
• An OTP will be sent to your mobile number enter that into the provided space and click ok
• Your funds are transferred using the RTGS and since, it works on the real time bases therefore the funds will be reflected on your account immediately. 

How to Do RTGS Bank Transfer?

RTGS stands for Real Time Gross Settlement which is an electronic fund transfer system. This type of electronic transfer is used to transfer higher amount of money above 2 lakhs as the minimum amount to be transferred is 2 lakhs and there is no maximum limit. The money transferred is executed by the clearance office of RBI, it is done in time slots and the timings are Monday – Friday is 9 A.M to 4.30 P.M and for Saturday it is 9 A.M to 2 P.M.

RTGS Bank Transfer Requirement

RTGS fund transfer Requirement

• Amount to be remitted.
• Remitting customer’s account number which is to be debited
• Name of the beneficiary bank.
• Name of the beneficiary.
• Account number of the beneficiary.
• Bank IFSC code of the destination bank branch

RTGS Bank Transfer Online

RTGS Bank Transfer can be done by following these methods-

Adding Beneficiary

1. Log In to your net banking website and click on the profile tab.
2. Click on the manage beneficiary
3. Select Add option and fill the required data of Beneficiary name, Address, account number and transfer limit.
4. Now fill the Bank IFSC Code of the Beneficiary Bank.
5. Now accept the Terms and Condition followed by clicking confirm. A security pass code is sent to your registered mobile number. Enter this number and validate the beneficiary. The beneficiary will be added and takes from 30 min to 16 hours.

Transfer Fund

1. Select the ‘Inter Bank Transfer’ link in the ‘Payments/Transfers’ tab.
2. Select the transfer type to RTGS.
3. The list of beneficiary accounts added will be displayed.
4. Enter the Amount and select the beneficiary to be credited.
5. Accept the terms and condition and click confirm.

RTGS Bank Transfer Offline

RTGS can also be used offline by filling a form provided at your bank branch. For amount above 2 lakhs, you have to attach the cheque leaf with the RTGS Form.

List of Bank That is RTGS Enabled

RTGS Enabled Banks are as follows-

• ·         A P MAHESH CO-OP URBAN BANK LTD.
• ·         ABHYUDAYA CO-OP BANK LTD
• ·         ABU DHABI COMMERCIAL BANK
• ·         ADITYA BIRLA IDEA PAYMENTS BANK
• ·         AHMEDABAD MERC COOP BK LTD
• ·         AHMEDNAGAR MERCHANTS CO-OP. BANK LTD.
• ·         AIRTEL PAYMENTS BANK LIMITED
• ·         AKOLA DISTRICT CENTRAL CO-OPERATIVE BANK LTD.
• ·         AKOLA JANATA COMMERCIAL COOPERATIVE BANK LTD.
• ·         ALLAHABAD BANK
• ·         ALMORA URBAN BANK LTD.
• ·         AMBARNATH JAIHIND CO-OP. BANK LTD., AMBARNATH
• ·         ANDHRA BANK
• ·         ANDHRA PRADESH GRAMEENA VIKAS BANK
• ·         ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD.
• ·         ANDHRA PRAGATHI GRAMEENA BANK
• ·         APNA SAHAKARI BANK LTD.
• ·         AU SMALL FINANCE BANK LIMITED
• ·         AUSTRALIA & NEW ZEALAND BANKING GROUP LTD.
• ·         AXIS BANK LTD
• ·         BANDHAN BANK LIMITED
• ·         BANK INTERNATIONAL INDONESIA
• ·         BANK OF AMERICA
• ·         BANK OF BAHRAIN AND KUWAIT
• ·         BANK OF BARODA
• ·         BANK OF CEYLON
• ·         BANK OF INDIA
• ·         BANK OF MAHARASHTRA
• ·         BANK OF NOVA SCOTIA
• ·         BARAMATI SAHAKARI BANK LIMITED
• ·         BARCLAYS BANK PLC
• ·         BASSIN CATHOLIC COOP BANK LTD.
• ·         BHAGINI NIVEDITA SAHAKARI BANK LTD., PUNE
• ·         BHARAT COOPERATIVE BANK LTD
• ·         BNP PARIBAS
• ·         CANARA BANK
• ·         CAPITAL SMALL FINANCE BANK LIMITED
• ·         CATHOLIC SYRIAN BANK LTD.
• ·         CENTRAL BANK OF INDIA
• ·         CITI BANK N A
• ·         CITIZEN CRDIT CO-OP BANK LTD.
• ·         CITY UNION BANK LTD.
• ·         CORPORATION BANK
• ·         COSMOS CO-OPERATIVE BANK
• ·         CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
• ·         CREDIT SUISSE AG
• ·         CTBC BANK CO. LTD.
• ·         DBS BANK
• ·         DCB BANK LIMITED
• ·         DELHI STATE COOPERATIVE BANK LTD.
• ·         DENA BANK
• ·         DEOGIRI NAGARI SAHAKARI BANK LTD. AURANGABAD
• ·         DEPOSIT INS AND CR GUAR CORPN
• ·         DEUTSCHE BANK LTD
• ·         DHANALAKSHMI BANK LTD.
• ·         DMK JAOLI BANK
• ·         DOHA BANK
• ·         DOMBIVLI NAGARI SAHAKARI BANK
• ·         DURGAPUR STEEL PEOPLES CO-OPERATIVE BANK LTD
• ·         EMIRATES NBD BANK (P.J.S.C)
• ·         EQUITAS SMALL FINANCE BANK LIMITED
• ·         ESAF SMALL FINANCE BANK LIMITED
• ·         FEDERAL BANK LTD.
• ·         FINCARE SMALL FINANCE BANK LTD
• ·         FINO PAYMENTS BANK LIMITED
• ·         FIRST ABU DHABI BANK PJSC
• ·         FIRSTRAND BANK
• ·         GADCHIROLI DISTRICT CENTRAL CO-OP BANK LTD.
• ·         GOPINATH PATIL PARSIK JANATA SAHAKARI BK LTD.
• ·         GREATER BOMBAY CO-OP BANK
• ·         GUJARAT STATE COOPERATIVE BANK LTD.
• ·         HASTI COOPERATIVE BANK LTD.
• ·         HDFC BANK LTD.
• ·         HIMACHAL PRADESH STATE COOPERATIVE BANK LTD
• ·         HONGKONG & SHANGHAI BKG CORPORATION
• ·         ICICI BANK LTD
• ·         IDBI LTD.
• ·         IDFC BANK LIMITED
• ·         IDUKKI DISTRICT CO OPERATIVE BANK LTD
• ·         INDIA POST PAYMENTS BANK LIMITED
• ·         INDIAN BANK
• ·         INDIAN OVERSEAS BANK
• ·         INDUSIND BANK LTD.
• ·         INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD.
• ·         INDUSTRIAL BANK OF KOREA
• ·         IRINJALAKUDA TOWN CO-OPERATIVE BANK LTD.
• ·         JALGAON JANTA SAHAKARI BANK LTD.
• ·         JALGAON PEOPLES' COOPERATIVE BANK LTD.
• ·         JAMMU AND KASHMIR BANK LTD.
• ·         JANA SMALL FINANCE BANK LTD.
• ·         JANAKALYAN SAHAKARI BANK LTD.
• ·         JANASEVA SAHAKARI BANK (BORIVLI) LTD.
• ·         JANASEVA SAHAKARI BANK LTD., PUNE
• ·         JANATA SAHAKARI BANK LTD., PUNE
• ·         JIO PAYMENTS BANK LIMITED
• ·         JP MORGAN CHASE BANK, N A
• ·         KALLAPANNA AWADE ICHALKARANJI JANATA SAHAKARI BANK LTD.
• ·         KALUPUR COMMERCIAL CO-OP BANK
• ·         KALYAN JANATA SAH BANK LTD
• ·         KANGRA CENTRAL CO-OP. BANK LTD.
• ·         KANGRA CO-OPERATIVE BANK LTD.
• ·         KAPOL CO-OP BANK LTD
• ·         KARAD URBAN CO-OP. BANK LTD.
• ·         KARNATAKA BANK LTD.
• ·         KARNATAKA STATE APEX COOP BANK
• ·         KARNATAKA VIKAS GRAMEENA BANK
• ·         KARUR VYSYA BANK LTD.
• ·         KEB HANA BANK
• ·         KERALA GRAMIN BANK
• ·         KOTAK MAHINDRA BANK LTD.
• ·         KOZHIKODE DISTRICT CO-OPERATIVE BANK LIMITED
• ·         KRUNG THAI BANK PCL
• ·         KURMANCHAL NAGAR SAHAKARI BANK LTD.
• ·         LAXMI VILAS BANK LTD.
• ·         MAHANAGAR CO-OP.BANK LTD.
• ·         MAHARASHTRA GRAMIN BANK
• ·         MAHARASHTRA STATE CO-OP BANK LTD.
• ·         MASHREQ BANK
• ·         MEHSANA URBAN COOPERATIVE BANK LTD.
• ·         MIZUHO BANK LTD.
• ·         MUFG BANK LTD.
• ·         MUMBAI DISTRICT CENTRAL COOP BANK LTD.
• ·         MUNICIPAL COOPERATIVE BANK LTD.
• ·         NAGAR URBAN COOPERATIVE BANK LTD.
• ·         NAGPUR NAGARIK SAHAKARI BANK LTD.
• ·         NAINITAL BANK LTD.
• ·         NASIK MARCHANT'S CO-OP BANK LTD.
• ·         NATIONAL AUSTRALIA BANK LIMITED
• ·         NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
• ·         NEW INDIA CO-OP BANK
• ·         NKGSB COOP BANK LTD.
• ·         NORTH EAST SMALL FINANCE BANK LIMITED
• ·         NUTAN NAGARIK SAHAKARI BANK LTD.
• ·         ORIENTAL BANK OF COMMERCE
• ·         ORISSA STATE COOPERATIVE BANK BANK LTD.
• ·         PANDHARPUR URBAN CO OP. BANK LTD.
• ·         PAYTM PAYMENTS BANK LIMITED
• ·         PRAGATHI KRISHNA GRAMIN BANK
• ·         PRATHAMA BANK
• ·         PRIME CO-OPERATIVE BANK LTD.
• ·         PUNJAB & MAHARASTRA CO-OP BANK
• ·         PUNJAB AND SIND BANK
• ·         PUNJAB NATIONAL BANK
• ·         QATAR NATIONAL BANK SAQ
• ·         RABOBANK INTERNATIONAL
• ·         RAJARAMBAPU SAHAKARI BANK LIMITED
• ·         RAJASTHAN STATE COOPERATIVE BANK LTD.
• ·         RAJGURUNAGAR SAHAKARI BANK LIMITED
• ·         RAJKOT NAGARIK SAHAKARI BANK LTD.
• ·         RATNAKAR BANK LIMITED
• ·         RESERVE BANK OF INDIA , PAD
• ·         ROYAL BANK OF SCOTLAND plc.
• ·         SAHEBRAO DESHMUKH CO-OP BANK LTD.
• ·         SAMARTH SAHAKARI BANK LTD
• ·         SARASWAT CO-OPERATIVE BANK LTD.
• ·         SATARA DISTRICT CENTRAL CO OP BANK LTD
• ·         SBER BANK
• ·         SHAMRAO VITHHAL CO-OP BANK LTD.
• ·         SHIKSHAK SAHAKARI BANK LIMITED
• ·         SHINHAN BANK
• ·         SHIVALIK MERCANTILE CO-OPERATIVE BANK LTD.
• ·         SHRI CHHATRAPATI RAJARSHI SHAHU URBAN CO-OP. BANK LTD.
• ·         SHRI VEERSHAIV CO-OP. BANK LTD.
• ·         SIR M VISVESVARAYA CO-OPERATIVE BANK LTD.
• ·         SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
• ·         SOCIETE GENERALE
• ·         SOLAPUR JANATA SAHAKARI BANK LTD.
• ·         SOUTH INDIAN BANK
• ·         STANDARD CHARTERED BANK LTD.
• ·         STATE BANK OF INDIA
• ·         STATE BANK OF MAURITIUS
• ·         SUMITOMO MITSUI BANKING CORPORATION
• ·         SURAT DISTRICT COOPERATIVE BANK LTD.
• ·         SURAT NATIONAL COOPERATIVE BANK
• ·         SURAT PEOPLES COOP BANK LTD.
• ·         SURYODAY SMALL FINANCE BANK LIMITED
• ·         SUTEX CO-OPERATIVE BANK LTD.
• ·         SYNDICATE BANK
• ·         TAMIL NADU STATE APEX COOP BANK LTD.
• ·         TAMILNAD MERCANTILE BANK LTD
• ·         TELANGANA STATE COOPERATIVE APEX BANK LIMITED
• ·         TEXTILE TRADERS CO-OPERATIVE BANK LIMITED
• ·         THANE BHARAT SAHAKARI BANK LTD.
• ·         THANE DISTRICT CENTRAL CO-OP. BANK LTD.
• ·         THE HARYANA STATE COOPERATIVE APEX BANK LTD
• ·         THE KOLHAPUR URBAN CO-OP. BANK LTD.
• ·         THE MUSLIM CO-OPERATIVE BANK LTD.
• ·         THE NAVNIRMAN CO-OPERATIVE BANK LIMITED
• ·         THE SEVA VIKAS COOPERATIVE BANK LIMITED
• ·         THE SINDHUDURG DISTRICT CENTRAL CO-OPERATIVE BANK LIMITED
• ·         THRISSUR DISTRICT CO-OPERATIVE BANK LIMITED
• ·         TJSB SAHAKARI BANK LTD.
• ·         TUMKUR GRAIN MERCHANTS CO-OP. BANK LTD.
• ·         UCO BANK
• ·         UJJIVAN SMALL FINANCE BANK LIMITED
• ·         UNION BANK OF INDIA
• ·         UNITED BANK OF INDIA
• ·         UNITED OVERSEAS BANK LTD.
• ·         UTKARSH SMALL FINANCE BANK
• ·         VARACHHA COOPERATIVE BANK LTD.
• ·         VASAI JANATA SAHAKARI BANK LTD.
• ·         VASAI VIKAS SAHAKARI BANK LTD.
• ·         VIJAYA BANK
• ·         VISHESHWAR SAHAKARI BANK LTD.
• ·         WEST BENGAL STATE COOP BANK LTD.
• ·         WESTPAC BANKING CORPORATION
• ·         WOORI BANK
• ·         YES BANK LTD.
• ·         ZILA SAHAKARI BANK LTD GHAZIABAD
• ·         ZOROASTRIAN COOPERATIVE BANK LTD

Brief Details about Vijaya Bank

Vijaya Bank is a leading public sector bank in India, This bank have around 2100 branches in all over the nation, Vijaya Bank has also a good number of Automated teller machine if go for the the data then we see that it has 4000 ATMs in all over the nation. According to the recent data the Vijaya Bank have around 16000 employees in it. If we take a look at the Bombay Stock Exchange of Vijaya Bank then we get to know that this bank has BSE of around 532401. Now if we take a look at the financial status of this bank in the year 2017 then we find out that this bank makes revenue of around 123.79 billion Indian rupees which equals to 1.9 billion US dollar. If we go for the Total Assets data of the year 2017 for this bank then we find out that Vijaya Bank makes Total Assets of around 1548.8 billion Indian rupees that equals to 24 billion US dollar. If we go for the data of Operating Income and Net income of this bank in the same year then we find out that Vijaya Bank makes Operating Income of approx. 24.21 billion Indian rupees and Net income of approx. 7.5048 billion Indian rupees. So these are the economical data of this bank in the year 2017 and Vijaya Bank has all its 2017 financial data is in rising phase when it compared to the year 2016. This bank has also a large number of products and services which are running in the market, Some of the most popular services of this bank are listed below in points.

• Consumer Banking
• Corporate Banking
• Finance and Insurance
• Investment Banking
• Mortgage Loans
• Private Banking
• Wealth Management

So these are some of the current information regarding this bank, below in the next paragraph, I am going to provide some detailed regarding the history of Vijaya Bank.
Vijaya Bank was established in the year 1931 by a group of farmers which was led by A.B Shetty in Mangaluru which is in Dakshina Kannada a district of Karnataka state. Later on in the year 1958, this bank became a scheduled bank. In the period of 1936 to 1968, this bank makes rapid growth by merging with a large number of small sector banks. In the year 1965, this bank also registered its own logo and later in the year 1969 Vijaya Bank shifted its head office in Bengaluru. In the year 1980, this bank was nationalised by the government of India and at the time of nationalisation, this bank has only 571 branches in all over the nation with a total business of 6.0595 billion INR and staff strength of 1000 members.
Right now this bank is doing great business in all over the nation, If you have any kind of work to do in this bank and for that you are looking online to find out data for the Vijaya Bank like Vijaya Bank Branches IFSC Code, MICR Code, SWIFT Code, Toll free Number, Branch Locator then you just have to make a visit to our website “Ask Bank IFSC Code” where we managed to put all the data related to the banking sector.