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Head Office : HDFC House, 2nd Floor, H.T. Parekh Mary, 165-166, Back bay Reclamation, Churchgate, Mumbai — 400 020. ACKNOWLEDGEMENT SLIP (To be ...
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What is sponsor bank code?
The sponsor bank code is a unique identification code assigned to a financial institution that sponsors a non-bank entity in electronic fund transfers.
Who is required to file sponsor bank code?
Financial institutions that sponsor non-bank entities are required to file sponsor bank code.
How to fill out sponsor bank code?
To fill out sponsor bank code, financial institutions need to provide the necessary information about the sponsoring entity and the unique identification code assigned to them.
What is the purpose of sponsor bank code?
The purpose of sponsor bank code is to facilitate and streamline electronic fund transfers between non-bank entities and financial institutions.
What information must be reported on sponsor bank code?
The sponsor bank code must include the unique identification code assigned to the sponsoring financial institution and information about the sponsoring entity.
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