Deutsche bank is a German global banking and financial institution which is headquartered Deutsche Bank Twin Towers in Frankfurt. The bank was founded in the year 1870 in Berlin and the presence of the bank is felt worldwide.
Deutsche bank offers various products and services such as
Reserve Bank of India (RBI) has launched IFSC codes which stand for Indian Financial System Code. This code was introduced by the RBI in order to ensure security and safety of the transactions. IFSC Code also helps in indentifying the bank and branch where the account of the beneficiary is held. RBI has also mandated IFSC code for different bank transactions. The IFSC code helps in recognizing each and every bank and its branches separately. The IFSC Codes follow two payment and settlement systems in India which are as follows:
In IFS Code (a) First four characters identify the bank name i.e. DEUT (b) The fifth character is always 0 (c) And the last character represents the branch address i.e. 403PBC [The IFSC Code used in above example is of Moradabad, Uttar Pradesh i.e. “DEUT0403PBC”]. Moradabad is a city, commissionary, and a municipal corporation in Moradabad district of Indian State of Uttar Pradesh. The city was established as an office for the Chaupala pargana during Emperor Akbar’s regime. It is situated on the banks of the Ramganga River that originates from the Doodhatoli ranges and is a part of the Namik Glacier, originating from the high altitude zone 800 mts to 900 mts.
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Rahul BhistFirst blog by the Bhist Archives
February 2018
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