16 April 2009
Respected All, Pls tell me that For Payment remittance RTGS & NEFT there is COMMON IFSC CODE to be used or there are different codes for RTGS & NEFT?
if different code is used for both then for which transaction IFSC Code is used?
16 April 2009
The remitting customer has to furnish the IFSC code of the receiving branch to a bank for effecting a RTGS remittance.
The beneficiary customer can obtain the IFSC code from his branch. The IFSC code is also available in the cheque leaf. This code number and bank branch details can be communicated by the beneficiary to the remitting customer.
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