Indian Financial System Code, popularly known as IFSC code, is an 11-digit alphanumeric code that helps identify the individual bank branches. IFSC code is used to transfer funds online for NEFT, IMPS, and RTGS transactions. First four digit characters represent the bank, followed by a zero (0), and the last 6 characters, usually number, represent the bank branch.
Customer can find IFSC code on their bank’s cheque leaves, passbooks, bank statement and other banking documents.
Unique branch identification: Through an IFSC code, the particular branches of source and destination banks can be identified.
Useful for electronic transfer: It is used for online fund transfer like NEFT, RTGS & IMPS, and helps eliminate errors.
This helps customers search for IFSC code of any branch of any bank across the country.
Sumitomo Mitsui Banking Corporation (SMBC) is a Japanese multinational banking and financial services company founded in 87. It is the core unit of Sumitomo Mitsui Financial Group, Inc. Headquartered in Tokyo, Japan, SMBC is the second largest bank in Japan by assets. In April 00, Sakura Bank and Sumitomo Bank merged to form Sumitomo Mitsui Banking Corporation. It operates a network of domestic branches (excluding sub-branches and agencies) and 8 overseas branches (excluding sub-branches and representative offices). SMBC operates in India with a presence in New Delhi and Mumbai. The bank established its branch in New Delhi in March 0, and the Mumbai branch was opened in March 07. Its offices in India are supported by an offshore team in Singapore to serve its clients’ global needs better. The bank also has strategic alliance partners to increase the number of products offered to clients in the country.Sumitomo Mitsui Banking Corporation, together with its subsidiaries, extends a host of financial products and services. The bank deals in deposit taking, lending, securities brokering and trading, securities investment, money transfer, foreign currency exchange, corporate bond trustee and custody, investment trust sale, and other commercial banking activities, as well as handles credit guarantees for housing loans. It also offers loans, credit card, venture capital, monetary assets purchasing, personal loan, investment advisory and trust management, and investment and derivative services.
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