Issuance of Indian Financial System Code (IFSC code) to IFSC Banking Units (IBUs)
In force — no superseding record on file.
IFSCA-FMPP0BR/9/2023/Banking/2 March 22, 2024
To All Financial Institutions in IFSC
Dear Sir/Madam,
Subject: Issuance of Indian Financial System Code (IFSC code) to IFSC Banking Units
(IBUs).
- Please refer to the circular entitled ‘Allocation of Indian Financial System Code (IFSC code) to IBUs’ dated November 28, 2023 issued by the Authority.
- As on date, 19 IBUs operating in GIFT City International Financial Service Centre have been issued the IFSC code. The names of the IBUs and the IFSC codes allotted to them are as follows:
Sr.
No.
IBU Name
IFSC code
Issued
1.
Bank of India
GIFT0BKID01
2.
Citibank, N.A.
GIFT0CITI01
3.
Deutsche Bank
GIFT0DEUT01
4.
Kotak Mahindra Bank Limited
GIFT0KKBK01
5.
State Bank of India
GIFT0SBIN01
6.
RBL Bank Limited
GIFT0RATN01
7.
Standard Chartered Bank
GIFT0SCBL01
8.
Bank of Baroda
GIFT0BARB01
9.
HDFC Bank
GIFT0HDFC01
10. Canara Bank
GIFT0CNRB01
11. Federal Bank Limited
GIFT0FDRL01
12. The Hongkong and Shanghai Banking Corporation Limited,
HK
GIFT0HSBC01
13. ICICI Bank Limited
GIFT0ICIC01
14. IDBI Bank Limited
GIFT0IBKL01
15. IndusInd Bank Limited
GIFT0INDB01
16. J.P. Morgan Chase Bank, N.A.
GIFT0CHAS01
17. MUFG Bank, Ltd.
GIFT0BOTM01
18. Punjab National Bank
GIFT0PUNB01
19. YES Bank Limited
GIFT0YESB01
-
IndusInd Bank Limited
GIFT0INDB01 -
J.P. Morgan Chase Bank, N.A.
GIFT0CHAS01 -
MUFG Bank, Ltd.
GIFT0BOTM01 -
Punjab National Bank
GIFT0PUNB01 -
YES Bank Limited
GIFT0YESB01 -
The abovementioned IFSC codes are to be used for only by the remitters to undertake cross border remittance to IBUs for mentioning in the relevant field of cross border payment systems messages where quoting of IFSC code of the destination branch in India is a mandatory requirement. The above mentioned IFSC codes shall not be used for initiating payments using any of the domestic payment systems like NEFT, RTGS etc.
-
Financial Institutions in IFSC are requested to host this information, as updated from time to time, on their IFSC webpages and appraise their customers about the above. Bank IT system databases and applications may also be updated accordingly. The list shall also be hosted on the website of the Authority and updated from time to time as and when IFSC code is allotted to other IBUs.
Yours faithfully (Supriyo Bhattacharjee) Chief General Manager Department of Banking
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