State wise list of Doha Bank IFSC code, MICR code and addresses of all branches in India
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The Reserve Bank of India has assigned IFSC codes to all banks in India to identify branches when fund transfers are made. IFSC codes are 11 digit alphanumeric codes, which is unique to every bank branch in India. The use of an IFSC code is mandatory while making interbank transfers like NEFT and RTGS across any bank in India. Online money transfers can be made without any hassles using IFSC codes and MICR codes. The first four letters in an IFSC code indicate the name of the bank and the last six numbers help identify the beneficiary's branch. The zero in the centre is a control character and is kept for future use. IFSC codes help eliminate the risk factor while making money transactions and make sure that the funds reach the right recipient at the right branch.
Given below is an example of a Doha Bank IFSC code:
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IFSC codes can be got easily if the name of the bank and branch is known. Customers can find IFSC codes and MICR codes on cheque books issued by Doha Bank. The Reserve Bank of India website also carries a comprehensive list of IFSC codes. Other sources of IFSC codes are third party financial websites or the concerned bank itself.
BankBazaar provides the complete list of IFSC codes for Doha Bank branches in India. Any customer visiting the BankBazaar portal has to choose the Bank IFSC code link available at the bottom of the homepage. Once this link has been selected customers will be taken to a page containing four dropdowns. Users have to enter details like state, branch, district and branch in order to get IFSC codes for Doha Bank. The table that comes up also carries the address of the branch, phone number, name, etc.
Doha Bank customers can make fund transfers through NEFT or RTGS to any bank account in India.
National Electronic Funds Transfer (NEFT):
Doha Bank does not levy any charge for a NEFT transfers and settles transaction as batches during weekdays and on Saturdays. The money will be sent to the beneficiary within the same day or by the next working day. NEFT transactions are done based on Deferred Net Settlements (DNS).
Real Time Gross Settlement System (RTGS):
Real Time Gross Settlement System (RTGS) settlements are done on an individual basis by Doha Bank. No charge is levied for RTGS transfers and customers have to make transfers as per the bank's regulations. Funds can be transferred anywhere within India using this service.
As the largest private and commercial bank in Qatar, Doha Bank was incorporated in 1978. The Indian branch of Doha Bank was started in 2014 in the financial capital, Mumbai. In India, Doha Bank provides corporate banking, treasury, deposit services, credit services and personalised banking services to NRIs. Doha Bank also has a wide network of correspondents to manage Trade Finance and Remittance services.
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Qatar’s Doha Bank is seeking to diversify its business operations into India, the world’s fastest growing economy. The bank is looking at this expansion to full tap the potential for remittances between India and the gulf state. Within the next two months Doha Bank will apply with the Qatar Central Bank to open operations in India and will subsequently draft an application with the Reserve Bank of India (RBI). The bank is looking to open operations in India through a three-phase program. In the first phase the bank will be present in 12 locations across India, in the second phase it will open another 6 branches across India and in the third phase it will open another 6 branches. The first phase is set to open within the next three years. Doha Bank presently has three branches in India after acquiring HSBC Bank Oman’s Indian operations. The bank is looking at building a network across Tier I and Tier II cities across India. Doha Bank helped remit Rs.3,200 crore into India last year.
19th December 2016
The largest commercial bank in Qatar, Doha Bank, and Mumbai-based Centrum Group have entered into a partnership to scale up each other’s operations in India and Gulf Cooperation Council (GCC) countries. Doha Bank had recently launched a second branch in India, and is keen to explore areas of banking, wealth management, foreign exchange and investment banking in the country.
GCC is a political and economic coalition of the West Asian countries of Saudi Arabia, Kuwait, Qatar, Oman, Bahrain and UAE.
The Centrum Group has 125 branches and offers institutional broking, non-banking retail lending, wealth management, forex and investment banking services to over one million customers in India today.
29th August 2016
Sovereign funds from Gulf nations must be motivated to capitalize their resources in India as the CEO of Doha Bank, Mr. R Seetaraman emphasized in his interview to Business Line. More investment opportunities will arise from this. The Qatar-based lender is also ardent on drumming up investments between India and Gulf countries. Their business model is limited to fetching further internal investments so as to improve retail and investment prospects, appealing to the Indian conglomerates as well as SMEs. The Gulf nations have also guaranteed investments to India ensuing Prime Minister Narendra Modi’s official visit earlier this financial year. While the UAE had promised to put in 75 billion USD in India, Qatar had promised 10 billion USD. Doha Bank, which started its operations here in the beginning of this year, is also preparing to apply to RBI for starting a full-fledged subsidiary to enable its expansion. Then online transactions using IFSC Code will be possible for this bank too.
24th December 2015
