How to Search for Industrial Bank Of Korea & MICR Codes?
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You can find the IFSC and MICR codes for any Industrial Bank Of Korea branch printed on the cheque books issued by the bank. Each cheque book has the IFSC code of the branch from where it has been issued.
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You can find the IFSC or MICR CODE for any branch of Industrial Bank Of Korea via IndiaLends which provides information in a very easy format. All you have to do provide the information such as the bank name, the state and district and the particular branch that you’re looking for. Once you’ve provided that information, the page will immediately display the IFSC and MICR code for the bank that you’ve chosen, along with other relevant information like the address and contact details of the bank.
How do transfer funds using Industrial Bank Of Korea Limited RTGS & NEFT
Industrial Bank Of Korea customers can transfer fund using National Electronic Funds Transfer (NEFT), Real Time Gross Settlement System (RTGS) as well as IMPS platforms. You can use either of these facilities to send money across different banks, different accounts, different states and different cities.
Real Time Gross Settlement System (RTGS):
RTGS funds transfer can be used to send amounts of Rs. 1 lakh and above. You can go RTGS transfer through net banking or by walking into any of the branches. You must fill up a Fund Transfer Instruction form which is available at the Industrial Bank Of Korea. You need to provide the following information.
- Name of the recipient
- Account number and type of account of the recipient
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Bank Name, branch, IFSC code of the recipient
- Transfer amount
- Remark to the receiver
RTGS is available for customers to use on weekdays and Saturdays. It will not be available on Sundays and National holidays.
Fees & Charges for RTGS Transaction by Industrial Bank Of Korea :
| Amount |
Charge(per transaction, excluding taxes) |
| INR 2 lakh(Minimum Amount) |
|
| Sum between INR 2 lakh to INR 5 lakh |
INR 25
+ Applied Taxes
|
| Sum betwwen INR 5 lakh to INR 10 lakh |
INR 50
+ Applied Taxes
|
National Electronic Funds Transfer (NEFT)
NEFT can be used to transfer smaller amounts of money that do not exceed Rs. 99,999. To use this platform, customers can follow the same procedure as stated for RTGS. Fill up the Fund Transfer Instruction form available at the bank. You will need to furnish the information given below.
- Name of the recipient
- Account number and type of account of the recipient
- Bank name, branch, IFSC code of the recipient
- Transfer amount
- Remark to the receiver
Fees & Charges for NEFT Transaction by Industrial Bank Of Korea :
| Transaction Charges |
NEFT |
| Cash up to INR 10,000 |
INR 2,50 + Applied Taxes |
| Sum between INR 10,000 and INR 1 lakh |
INR 5 + Applied Taxes |
| Sum between INR 1 lakh and INR 2 lakh |
INR 15 + Applied Taxes |
| Sum between INR 2 lakh and INR 5 lakh |
INR 25 + Applied Taxes |
| Sum between INR 5 lakh and INR 10 lakh |
INR 25 + Applied Taxes |
NEFT Transaction timings specified by Industrial Bank Of Korea:
| Transaction Timings |
NEFT |
| All days except Sundays, 2nd and 4th Saturdays |
8:00 AM to 6:30 PM |
About Industrial Bank Of Korea
Industrial Bank of Korea or IBK is an industrial bank. Its headquarters are situated in Jung-gu, Seoul, South Korea. The bank was inaugurated in the year 1961. Its slogan says- "Global Leading Bank." and is owned by the Government of the Republic of Korea (South Korea).
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