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Strive for being the most trusted financial institution
With our secured foundation proven with time of half the decade, Krungthai bank has determined to be the best at offering most convenient and secured service. We offer full coverage of bank networks that available to provide great service in all levels including personal, organizational, institutional, government or state enterprise and all types of business customers. We also return our profits back to the society and the environment with intellectual-capital-building activities in all regions of the country.
ROOTS OF STABILITY
Our first branch was located on "Yaowarat" area which was at that time the city’s financial centre.
"Krungthai Bank" began its operations
Established the first branch of “Krungthai Bank Company Limited”. The bank was originally from the mergence between Kaseat Bank Co,Ltd and Monthon Bank Co,.Ltd whose main shareholder was the Thai Government. The branch was located on Yaowarat road which was a very important business area at that time. Since then, the bank has played a major role in developing Thailand’s economy.
The Bank moved to the current location on 35 Sukhumvit Road.
The headquarter has been moved to the current location at 35 Sukhumvit road to support for the bank’s fast-growing business and rapid full coverage of customer service.
Bank was entrusted to take part in ‘4th April Campaign’ initiated by Bank of Thailand.
The focal role was to focus on business perspective, giving Krungthai Bank chance to have significant roles in mending one of the most critical economic crisis of the nation. Krungthai Bank was granted assets and debts of Siam Bank Co,Ltd which was in unstable condition at the time. As the result of the mergence, Krungthai Bank has become the second highest asset-owner among other banks and performed the role of “Lead Bank”.
Strive with Determination
In 2003 Krungthai Bank was the first commercial bank being able to pay dividends to its shareholders since the financial crisis of 1997. At the same time, the Bank acted as the leader to maintain the deposit interest rate. Krungthai Bank was the last commercial bank lowering the deposit interest rates. Also, the Bank has long encouraged people to manage and reveal their credit information for benefit of loan application.
At the end of 2004 The bank also contributed Bt100 million of money donation to help out the victims for tsunami in 6 southern provinces of Thailand.
Krungthai bank is now growing together with Thai society by adapting itself to the change and competitive environment. The bank has transformed from being “The Convenience Bank”, which is the present standard, to the concept of “Growing Together” bank. With that particular concept, we dedicate ourselves to enhance our human resources ‘s qualifications and create value service which surely support the growth and stability of the customers, contribute to shape better society and satisfactory sustainable yields to our shareholders.
What is IFSC Code
IFSC is short for Indian Financial System Code and represents the 11 digit character that you can usually see on your bank’s cheque leaves, or other bank sponsored material. This 11 character code helps identify the individual bank branches that participate in the various online money transfer options like NEFT and RTGS.
How to find IFSC Code?
Ways to find IFSC codes
- IFSC code can be found on cheque leaf and bank passbook of the respective bank.
- Banks and respective branch list of IFSC codes can be obtained from Reserve Bank of India’s website.
- The IFSC code of a particular bank can also be found on the banks’ official website.
Benefits of IFSC Code
Benefits of IFSC Code are :
- Helps to identify a Bank and its respective branch
- Eliminates errors in the process of fund transfer
- Transfers done with IFSC such as NEFT, RTGS and IMPS are accurate
What is MICR Code
MICR or Magnetic Ink Character Recognition Code is a 9 digit code used for faster processing of cheques. MICR number is also unique for every bank branch, hence it helps in uniquely identifying the bank and branch participating in an Electronic Clearing System (ECS). MICR Code like IFSC is a combination of 3 essential components:
- The first 3 digits represent the city code.
- The middle 3 represent the particular bank code.
- The last 3 digits represent the specific branch code
Benefits of MICR Code
Benefits of MICR Codes are:
MICR code enables efficient, quick and error-free processing of cheques. This is possible with magnetic ink, reading machines and technology used in MICR.
Difference between IFSC and MICR code
ink character recognition code (MICR) is a technology that enables faster
processing of cheques by recognizing unique characters printed on the cheque.
MICR consists of a 9 digit code. The
first three digits of the MICR code represent the city, the next three give the
bank code and the last three digits denote the branch of the bank. Similar to
an IFSC code, every branch of a bank has a specific MICR code. While IFSC is
used for online fund transactions, MICR is used for cheques.
Let’s understand the difference between IFSC and MICR