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KRUNG THAI BANK PCL IFSC Code

The bank came into being on 14 March 1966 following the merger of two government-owned banks, Kaset Bank and Monton Bank. The merged banks were then named "Krungthai Bank Limited", bearing its logo as an image of the Vayupaksa bird, which is also used by the Ministry of Finance. On 2 August 1989, Krungthai Bank was the first state enterprise to list its shares on the Stock Exchange of Thailand (SET). Its major shareholder is the Ministry of Finance through a shareholding of 6,184 billion shares by the Financial Institutions Development Fund (FIDF), accounting for 55.31 percent of total shares.

Krung Thai Bank IFSC Code 11 digit code where first 4 digit are alphabets , 5th digit is always ZERO and ast 5 digit represents branch code. The IFSC and MICR Code for Krung Thai Bank are easily available online and also on cheque books issued by the bank. Every cheque leaf of a cheque book issued by the bank will carry the IFSC code of the issuing branch.

Krung Thai Bank NEFT, RTGS, IMPS Timings

Transaction timings for Krung Thai Bank are from Monday to Saturday (except 2nd & 4th Saturday which is Bank Week Off) and for NEFT timings are from 8AM to 6:30 PM, for RTGS timings are from 8 AM to 4:30 PM. IMGS allows 24x7 transfer of funds.

Krung Thai Bank NEFT, RTGS, IMPS transaction limit

NEFT has a limit of 50,000/0 maximum per transaction while RTGS is primarily meant for large value transactions with min amount of INR 2 Lakhs with no upper limit in RTGS transactions with Krung Thai Bank. IMPS has Rs. 50,000 max fund transfer in a day.

Krung Thai Bank NEFT, RTGS, IMPS Charges On Digital Plateform

  1. RBI has removed charges for NEFT, RTGS payments. It has asked banks to pass on benefits to customers.
  2. RTGS is used for transferring high value amounts. The minimum amount that can be currently transferred is Rs 2 lakh.
  3. This move will benefit the small traders who deal in small value transactions and operates on small margins.
  4. NEFT is a payment system facilitating funds transfers from one bank account to another.

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