![]() Finacle generates account numbers in a serial format, including various details, such as branch code, scheme code, serial number, etc. TCS’s BaNCS generates random numbers for the accounts opened without any details of branches or products included. Indian Bank account number’s length may vary from 9 to 18 digits depending upon the core banking product used by the particular branch.īaNCS and Finacle are the two major core banking product used widely in India. However, there is no uniformity in the account number format followed by several banks in India. With the technology advancement in the banking system, account number formats have changed across the banks. All Indian bank’s branches also do provide core banking services (anytime, anywhere banking). Electronic payments like IMPS (Immediate Payment Services), RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) help you receive and pay money anytime using your core banking account number.Īs digital transformation has changed the scenario of the Indian banking industry, today almost every public sector and private sector bank are working on core banking platform for enhanced services and better results. Indian bank also offers net banking and mobile banking services to help you operate your bank account anytime and at your convenience. Like many other banks, Indian bank was also moved on to core banking platform way back in 2008. Basically, the core banking system brings in more efficiency in the banking system as the whole bank is treated like one setup which allows account holders to operate the account from anywhere and anytime. Most of the traditional banks have transformed to become modernised by stepping into the core banking system and digitalization. Indian Bank also offers diversified financial solutions through its two subsidiaries, including Indbank Merchant Banking Services Ltd. It’s one of the top-performing public sector banks in India with a wide range of banking and financial services offered to its customers. ![]() Indian Bank also has its foreign branches in Colombo and Singapore as well. It has its presence in 75 countries, through its overseas correspondence banks. It offers a number of banking and financial services such as savings accounts, fixed deposits, loans, etc. For each of the financial product, an applicant gets an Indian Bank account number. The bank is headquartered at Chennai with the countrywide network of 2836 branches. Indian Bank is a state-owned banking and financial services company, established in 1907. ![]()
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