Industrial Bank of Korea IFSC and MICR Code:

State wise list of Industrial Bank of Korea IFSC code, MICR code and addresses of all branches in India

Locate any details of Industrial Bank of Korea branch in India.

Reset Details

or Choose State from list below

Industrial Bank of Korea:

Short for the Indian Financial System Code, IFSC is an alphanumeric code that is most commonly used to identify a bank and its branches while transferring money through either RTGS or NEFT. IFSC is popularly used in India as a secure and reliable code to transfer funds within India and abroad.

IFSC code consists of 11 digits and these digits signify the name of the bank and the corresponding branch. These codes are also unique. IFSC can be decoded by following the simple guidelines provided below.

  • Out of these 11 digits, the first four refer to the Bank’s name.
  • The fifth digit is a ‘control’ number and is always a 0.
  • The final six digits refer to a particular branch of the bank and differ for each branch.

For example, let us take the New Delhi branch of the Industrial Bank of Korea. The IFSC code for the same is IBKO0000001.

As mentioned in the guidelines above, IBKO refers to the name of the bank which is the Industrial Bank of Korea.

  • The fifth digit is 0 and is a control number.
  • The last six digits is 000001 which refers to the New Delhi branch of the bank.
  • The last six digits vary for every branch.

How to Search for Industrial Bank of Korea IFSC and MICR Codes?

It is quite simple to look for the IFSC codes of a particular branch. Customers can procure these codes either online or offline.

In case they are looking offline, then IFSC & MICR codes can be found written in the cheque book provided by the bank. In addition to this, the customer’s passbook also has the IFSC code provided in it.

In case customers are looking online, they can find the IFSC code of Industrial Bank of Korea on their website, on third party financial websites or on financial comparison portals.

One such financial comparison website that provides information regarding IFSC codes is BankBazaar. In order to find IFSC codes of particular banks, all users have to do is go to the main page, scroll below and click on the link that says ‘Bank IFSC Code’. Users will then be redirected to another page that has four menus that will drop down. Customers need to choose the bank, state, district and the branch for which they require the IFSC code. BankBazaar will then display the IFSC, MICR codes and the contact details of the bank.

Customers can transfer funds from one bank to another or within different branches of the same bank by using NEFT and RTGS processes.

National Electronic Funds Transfer (NEFT):

NEFT is one of the most commonly used electronic transfer method systems within the country due to its reliability and security. However, through this method, money is not transferred immediately. But despite this, it is used quite often.

Customers need to visit the Industrial Bank of Korea to avail this facility.

Real Time Gross Settlement (RTGS):

As the name suggests, through the RTGS facility, customers can transfer their money almost immediately between different branches of the same bank or different banks situated in India and abroad. RTGS is usually used when the amount to be transferred is quite high. Customers who wish to avail this facility need to visit the Industrial Bank of Korea.

Industrial Bank of Korea or Kiup Bank is an industrial bank that has its headquarters in Seoul, South Korea. This bank was founded in 1961 and is owned by the Government of South Korea. In 2013, Kwon Seon-joo became the first female CEO of a bank.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

This Page is BLOCKED as it is using Iframes.