RBI nod for IFS Code to Kangra cooperative bank

Dharamsala: Kangra Central Cooperative Bank (KCCB) has become the third cooperative bank in the country and the first in North India, to have its own Indian Financial System Code (IFSC).

KCCB has been allotted IFS code by Reserve Bank of India, Sandeep Kumar MD of the bank stated. Other two cooperative banks having IFSC standing are are Maharashtra State Co-Op Bank and Bombay Central Co-Op Bank.

He added, “now all KCCB customers can use their ATM cards anywhere in India. Our bank has also started giving services of RTGS and NEFT.”

Sandeep further said that all of its branches across 6 districts of the state have already been enrolled to Core Banking System CBS.

The 90 years old bank has Rs 8400 crore as working capital.

Arvind Sharma is an award winning bi-lingual journalist with more than 20 years of experience. He has worked with Divya Himachal, Dainik Jagran, Dainik Bhasker, Vir Partap, Ajit and PTI. In 2010, he was conferred the Himachal Kesri journalism award. He reports on the Tibetan Government in Exile, politics, sports, tourism and other topics. He lives in Dharamshala.

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