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Bank’s Overview and History
The Thrissur District Cooperative Bank Limited, No.60 was registered as the Cochin Central Cooperative Bank Ltd on 29-06-1918 and started functioning on 19-11-1918 as the apex bank of the Erstwhile Cochin State with 39 affiliated Societies and a paid-up capital of Rs.2795/- and had constituted on 15-07-1918. Shri. Manakulam Kunjunni Raja was the first President and Shri V.K.Varkey, as the first Secretary.
In 1954, when Cochin and Travancore were amalgamated, Then Travancore Central Cooperative Bank granted the status of APEX BANK and the Cochin Central Cooperative Bank was affiliated with District Cooperative Bank. Subsequently, a branch was opened at Eranakulam on 1st December 1954. Later, in 1961 the area of operation of the bank was restricted to Thrissur revenue district and the bank was renamed as THRISSUR DISTRICT COOPERATIVE BANK LIMITED. This was after the reorganization of cooperative banks on the basis of revenue districts. Till 1978, The Bank extended finance only through Primary Cooperatives and in 1978, it started direct finance to individuals. Now The Bank functions with its registered office at Thrissur and extends its operation to the whole revenue district through 58 branches and 85 ATMs and an e-Lobby. "SAHAKARANA SATHABDHI MANDHIRAM", a five storied building at Kovilakathumpadam, is the main landmark of the city of Thrissur to house the quarters of the bank. Bank renovated their head office building at Kuruppan Rooad to an inhouse training centre with international standards and technologically felicitated digital classrooms. Many organisations in the cooperative sector had conducted residential trainings over here.
Bank has completed 101 golden years in the cooperative movements in Kerala and we all greatful to eachother for making our bank in this flagship position.
Presently we provide the following facilities to our Customers with FREE OF CHARGE.
We are also proud that the following eminent personalities have enriched the bank with their leadership qualities to complete 100 glorious years of Banking.
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