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State wise list of Exim Bank IFSC code, MICR code and addresses of all branches in India
(used for RTGS and NEFT transactions)
|MICR Code||MICR not provided.|
or Choose State from list below
Exim Bank’s NEFT and RTGS services can be used to send money securely and quickly within the country. The IFSC code is necessary to initiate a wireless money transfer using the NEFT or RTGS services, which guarantee a quick and secure method of money transfer.
The IFSC code is a unique 11 character code that is assigned to every bank branch that is part of the NEFT money transfer network. An IFSC code follows a set format of bank name, the number “0” and the branch code. For example, the Exim Bank IFSC code for the Service center branch located in Mumbai, Maharashtra is EIBI00000SC, where “EIBI” stands for Exim Bank, “0” is the fifth character and “0000SC” is the branch code.
Locating the IFSC code can be done both offline or online.
Those looking offline can find the code printed on the first page of bank passbooks issued at the branch. The code can also be found on the cheque leaves issued by the particular branch.
Online, the code can be found on the bank’s website.
Another way to look for the code online is through BankBazaar, which has the IFSC and MICR codes of all bank branches part of the NEFT network.
On visiting the BankBazaar homepage, click on the “Bank IFSC Code” tab, whereupon a new page will appear. Select the bank name, the state, district and the branch name from the drop down menus.
The IFSC code for the branch will be displayed on screen.
The Exim Bank’s NEFT and RTGS services can be used to transfer sums of money using a fast and secure means to any bank account in the country. As process is online, the transfer can be initiated wherever the individual is.
National Electronic Fund Transfer (NEFT):
The NEFT is an online fund transfer service that was initiated by the Reserve Bank of India to enable online transfer of funds using a quick and easily accessible service.
The NEFT service by Exim Bank is available during banking hours on all days except bank holidays. The transfer requests would be settled in hourly batches. Transfer requests received after banking hours or those received on holidays would be settled on the following working day.
Real Time Gross Settlement (RTGS):
The RTGS service is another method to send funds electronically in the country. The service is the fastest means of transferring money and is available during banking hours as specified by the bank.
Transfer requests made using this service are settled on a gross basis, which means the money is transferred immediately on receipt of the transfer request.
NEFT and RTGS Transaction Limits:
The amount that can be transferred using the NEFT and RTGS are mentioned below:
|Transaction Type||Minimum amount||Maximum amount|
|NEFT||No limit||No limit|
|RTGS||Rs. 2 lakh||No limit|
Exim Bank, or the Export Import Bank of India, is a publicly held financial institution that promotes export and foreign investment in India. Established in 1982, the bank is headquartered in Mumbai and offers products such as corporate finance and export services to firms. It also extends lines of credit and provides value added services to promote investment.
The Export Import Bank of India aims to raise at least Rs.10,000 crore for financial year 2018 through both domestic and international markets.
Speaking to the media Debasish Mallick said that the bank is planning to borrow $3.5 billion through international markets and raise Rs.8,000 crore in homefront. Funds are likely to be raised from euro bonds and US bonds. In the domestic arena, funds will be raised through private placements.
He also added that India-based establishments have the capability to penetrate into Asian markets though there seems to be stiff competition.
21st May 2017
Export-Import Bank of India also known as Exim Bank intends to launch export facilitation website in October with the goal of promoting exports by small enterprises. Based on Yaduvendra Mathur, CMD, Exim Bank’s statement to PTI the bank is attempting to expand into larger community to consider exporting since the Government has been supportive in the process.
The website should be up and running by middle of next month as per the statement. The SME system will be tapped while banks and insurance will aid through their IFSC codes for transactions and products to enable the expansion into a larger audience.
The website will not only provide access to SMEs of the facilities available but also intends to educate the mass number of SMEs in India about exports and how it works.
19th September 2016
TMoody's Investors Service, or Moody’s as it is widely known, has allocated a Baa3 rating to the suggested senior indiscreet notes in USD, distributed by Export-Import Bank of India (EXIM India) from its 100 million Medium-Term Note Programme via its Indian Head Office. The stocks will be registered on the Singapore Stock Exchange. The senior debt rating is conditional on getting the final paperwork, the terms and conditions of which will not undergo any change from the draft already assessed by Moody's. The Baa3 rating echoes (1) the position of the recommended notes as senior unsecured commitments of the bank; (2) EXIM India's standard credit assessment of ba2; and (3) Moody's valuation of the bank's considerably great reliance on, and the increased prospect of backing from the Indian Government (Baa3 positive). These days fund transactions online using specific IFSC Code and unique account number is common, making it a hassle-free process for the customers.
29th January 2016