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IFSC for branches of Rural Cooperative Banks providing RTGS/NEFT facility through sub membership route
EC No.          /DoS-     /2019                                                        11 September 2019
 
Ref. No. NB. DoS. Pol. HO/               /J-1/2019-20
 
The Managing Director/Chief Executive Officer
All State Cooperative Banks
All District Central Cooperative Banks
 
Dear Sir
 
IFSC for branches of Rural Cooperative Banks providing RTGS/NEFT facility through sub membership route
Presently, most of the banks and their branches do not have IFS Code as on date to facilitate provision of mobile/internet banking through sub-membership route, especially for the following purposes: -
 
i. Branch identifier for MIS
ii. GIS mapping for branch locater
iii. PACS Computerisation
 
2.  The matter was examined by us in consultation with Reserve Bank of India and we advise that-
 
i. Sub member banks may approach the member banks (through whom they operate RTGS/NEFT through the sub membership route), to provide the bank and its branches with the IFS Codes. 
ii. Sub member banks may also bring to the notice of the member banks that there is no restriction on the number of IFSCs which can be allocated to the sub-members and the direct members i.e., the member banks can also allocate a different IFSC for each branch of the sub member bank.
iii. On allotment of IFSC to all the branches of the bank(s), it may be ensured that the IFSCs are updated regularly. This is to ensure that RTGS/ NEFT fund transfers can take place seamlessly. Any failure to update the IFSC would result in payment failure.
iv. On allotment of IFS Code for the bank and its branches, you may advise the Chief General Manager, Department of Financial Inclusion and Banking Technology, NABARD Head Office, Mumbai as also the Regional Offices of NABARD in your respective States, details regarding the same. 
 3.   Please acknowledge the receipt of this circular to our Regional Office concerned.
 
Yours faithfully 
         
         Sd/-
(S. Vijayalakshmi)
General Manager
Endt. No. NB. DoS/ POL/            / J-1/ 2019-20 of date.
Copy forwarded for information to: -
1. The Registrar of Cooperative Societies, Co-operation Department of all the States.  
2. The Executive Assistant to the Chairman, National Bank for Agriculture and Rural Development, Head Office, Mumbai.
3. The Chief General Manager, Department of Cooperative Bank Regulation, Reserve Bank of India, Central Office, C-7, 1st/2nd Floor, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051 with reference to their letter No. DCBR. CO.RCBD.No.1804/19.51.026/2018-19 dated 2nd January 2019. 
4. The Secretary, Secretary’s Department, National Bank for Agriculture and Rural Development, Head Office, Mumbai.
5. The Chief General Manager/ General Manager, All HO Departments, NABARD, Mumbai
6. The Chief General Manager. Department of Financial Inclusion and Banking Technology, NABARD Head Office, Mumbai w.r.t. his IDM No. NB. DFIBT/12981/DFIBT-60/2018-19 dated 14th January 2019.
7. The Chief General Manager/ Officer-in-Charge, NABARD, All Regional Offices. They are requested to arrange for reporting of the details regarding the IFS Codes of the individual RCBs and its branches promptly on the ENSURE portal in SO2 (Post CBS Technology Adoption by RCBs) on receipt of the same from the RCBs in their respective States. 
8. The General Manager, DoS, Head Office, North/ East/ West/ South Zones, Mumbai.
9. The Director, Bankers’ Institute National of Rural Development, Lucknow.
10. The Principal, National Bank Staff Collage, Lucknow.
11. The Joint Director, Bankers Institute of Rural Development, Mangaluru.
12. The Joint Director, Bankers Institute of Rural Development, Bolpur.
(L. M. Tyagarajan)
Assistant General Manager
Endt. No. NB. DoS/ POL/            / J-1/ 2019-20 of date.
Copy forwarded for information to: -
1. The Registrar of Cooperative Societies, Co-operation Department of all the States.  
2. The Executive Assistant to the Chairman, National Bank for Agriculture and Rural Development, Head Office, Mumbai.
3. The Secretary, Secretary’s Department, National Bank for Agriculture and Rural Development, Head Office, Mumbai.
4. The Chief General Manager/ General Manager, All HO Departments, NABARD, Mumbai
5. The Chief General Manager/ Officer-in-Charge, NABARD, All Regional Offices. They are requested to arrange for reporting of the details regarding the IFS Codes of the individual RCBs and its branches promptly on the ENSURE portal in SO2 (Post CBS Technology Adoption by RCBs) on receipt of the same from the RCBs in their respective States. 
6. The General Manager, DoS, Head Office, North/ East/ West/ South Zones, Mumbai.
7. The Director, Bankers’ Institute National of Rural Development, Lucknow.
8. The Principal, National Bank Staff Collage, Lucknow.
9. The Joint Director, Bankers Institute of Rural Development, Mangaluru.
10. The Joint Director, Bankers Institute of Rural Development, Bolpur.
(L. M. Tyagarajan)
Assistant General Manager
Endt. No. NB. DoS/ POL/            / J-1/ 2019-20 of date.
Copy forwarded for information to: -
The Chief General Manager, Department of Cooperative Bank Regulation, Reserve Bank of India, Central Office, C-7, 1st/2nd Floor, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051 with reference to their letter No. DCBR. CO.RCBD.No.1804/19.51.026/2018-19 dated 2nd January 2019. 
(L. M. Tyagarajan)
Assistant General Manager
Endt. No. NB. DoS/ POL/            / J-1/ 2019-20 of date.
Copy forwarded for information to: -
The Chief General Manager. Department of Financial Inclusion and Banking Technology, NABARD Head Office, Mumbai w.r.t. his IDM No. NB. DFIBT/12981/DFIBT-60/2018-19 dated 14th January 2019.
(L. M. Tyagarajan)
Assistant General Manager
Endt. No. NB. DoS/ POL/            / J-1/ 2019-20 of date.
Copy forwarded for information to: -
13. The Registrar of Cooperative Societies, Co-operation Department of all the States.  
14. The Executive Assistant to the Chairman, National Bank for Agriculture and Rural Development, Head Office, Mumbai.
15. The Chief General Manager, Department of Cooperative Bank Regulation, Reserve Bank of India, Central Office, C-7, 1st/2nd Floor, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051 with reference to their letter No. DCBR. CO.RCBD.No.1804/19.51.026/2018-19 dated 2nd January 2019. 
16. The Secretary, Secretary’s Department, National Bank for Agriculture and Rural Development, Head Office, Mumbai.
17. The Chief General Manager/ General Manager, All HO Departments, NABARD, Mumbai
18. The Chief General Manager. Department of Financial Inclusion and Banking Technology, NABARD Head Office, Mumbai w.r.t. his IDM No. NB. DFIBT/12981/DFIBT-60/2018-19 dated 14th January 2019.
19. The Chief General Manager/ Officer-in-Charge, NABARD, All Regional Offices. They are requested to arrange for reporting of the details regarding the IFS Codes of the individual RCBs and its branches promptly on the ENSURE portal in SO2 (Post CBS Technology Adoption by RCBs) on receipt of the same from the RCBs in their respective States. 
20. The General Manager, DoS, Head Office, North/ East/ West/ South Zones, Mumbai.
21. The Director, Bankers’ Institute National of Rural Development, Lucknow.
22. The Principal, National Bank Staff Collage, Lucknow.
23. The Joint Director, Bankers Institute of Rural Development, Mangaluru.
24. The Joint Director, Bankers Institute of Rural Development, Bolpur.
(L. M. Tyagarajan)
Assistant General Manager