One fund transfer is one of the fastest growing ways of sending or receiving money to and from your loved ones. For online fund transfer, you need to know the receivers’ account name, IFSC code, and the type of bank account he or she has in Woori bank. If you cant get access to the list of IFSC code of Woori bank branches, then we are here with the step-wide process to finding the branch IFSC code.
Using IFSC code, you can transfer money via NEFT or RTGS. These are online fund transfer system that allows senders’ to send money without wasting any time. There are different codes for NEFT, IMPS, and RTGS electronic fund transfer system. RBI is the governing body that looks after the allotment of these codes.
NEFT fund transfer, National Electronic Fund transfer system is managed on the groups whereas RTGS, Real-time Gross settlement transactions are handled instantly. IMPS are an instant money transfer that is available 24×7.
Please make sure that all the branches of banks do not allow to use net banking so whenever you open your account, do check for the service with the bank managers.
IFSC code is an 11-digit alphanumeric code to get the information about the bank branch involved in money transfer. This code is issued by RBI to differentiate bank branches from one another.
Let us now look at these 11-digits in details. Taking an example of HVBK0000001
- Here, the HVBK character means the name of the bank where the sender will send the money.
- Next digit, 5TH digit is always zero.
- The next 4 characters will give you information about the IFSC code of the branch of the Woori Bank.
There are Four electronic money transfer systems where you can use IFSC Code:
- Centralized Funds Management System or CFMS
- Immediate Payment Service Systems or IMPS
- Real Time Gross Settlement or RTGS
- National Electronic Funds Transfer or NEFT
How To Find out IFSC code of the Woori Global Wibee Bank, Chennai branch?
Step 1: The first step is open the website link findyourbank.in.
Step 2: Then enter bank name “Woori Global Wibee Bank”, state “Tamil Nadu”, district “Chennai”, branch “Chennai”.
Step 3: The result screen will show yout the IFSC code of the Woori Global Wibee Bank, Chennai branch.
Hopefully, you find this information useful and consider it while finding the IFSC code of the Woori Global Wibee Bank of any branch.