Because all the financial reforms recommended in the report were for the whole of India and not just for Mumbai. IFSC Code: SYNB0007083, GANDHINAGAR GIFT CITY, SYNDICATE BANK Find IFSC, MICR Codes, Address, All Bank Branches in India, for NEFT, RTGS, ECS Transactions. He started building a GIFT city near Gandhinagar as per the infrastructure needs mentioned in the report. Branch: GANDHINAGAR GIFT CITY Contact: IFSC Code: SYNB0007083 (used for RTGS, IMPS and NEFT transactions) Branch Code: Last six characters of IFSC Code represent Branch code. It is a Global Financial Hub. Gandhinagar-based GIFT City, India’s first operational smart city and International Financial Services Centre (IFSC) has cleared a proposal to set up an IFSC Banking Unit. Connect With Us . IFSC. National Stock Exchange of India Ltd Bank of India - Gift City is located at Gujarat state, Gandhinagar district, Gandhinagar city and the bank branch's address is [56 A Gift One Ground Floor 5c Road Zone 5 Gandhinagar 382355]. IFSC Authority Controversy: On April 27, the Central Government drafted a notification stating that the IFSC Authority will be headquartered in Gandhinagar, Gujarat (the place where GIFT City … The Centre’s gazette notification, dated April 27, said the IFSC Authority would be based at Gandhinagar, in Prime Minister Narendra Modi’s home-state, where the Gujarat International Finance Tec-City (GIFT) is located, instead of Mumbai, which was a claimant for the status. “The Central Government hereby appoints the 27th of April, 2020 as the date of the establishment of International Financial Services Centres Authority and the head office of that Authority shall at Gandhinagar, Gujarat,” the notification issued by the Union Finance Ministry said. IFSCs in India: The first IFSC in India has been set up at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. The Government of India has established IFSC in Gujarat namely Gujarat International Finance Tec-City (GIFT) in Gandhinagar, Gujarat. Proceed × Disclaimer. International Financial Service Centre (IFSC) is India’s first its kinds of centre that was commissioned at the Gujarat International Financial Tec (GIFT) City, Gandhinagar. MICR Code: 380025023. GIFT stands for Gujarat International Finance tech City which is under construction in Gandhinagar. 'Mumbai had a natural IFSC eco-system and it can still become an IFSC if Maharashtra govt desires,' Fadnavis added. By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. To counter this unabated export of Indian products to such international financial centres, India has established its own IFSC at GIFT City, Gandhinagar to develop an international financial centre in India, rivalling the likes of Singapore and Hong Kong. “GIFT SEZ Limited” has been formed by Gujarat International Finance Tec-City Company Limited (GIFTCL) for development of Multi Services SEZ at Gandhinagar with the prime focus on development of IFSC and allied activities in SEZ. In simple words : GIFT city : It's full form is "Gujarat International Finance Tec-City" . GIFT SEZ, GIFT City Gandhinagar F. No. SYNB0007083 IFSC code could be used for fund transfer through NEFT, IMPS or RTGS to Syndicate Bank Gandhinagar Gift City Branch, Ghandinagar. An IFSC deliberately provides Indian corporates with easier access to global financial markets. GIFT's Master Plan facilitates Multi Services SEZ with International Financial Services Centre (IFSC) status, Domestic Finance Centre and the associated Social infrastructure. Prime Minister Narendra Modi’s dream project to make Gujarat International Finance Tech City is … The country’s first IFSC is also built at GIFT City in Gandhinagar. In IFSC Code BKID0002121, BKID represents Bank Of India and 2121 is Bank Of India Gift City code. Gandhinagar Gift City Branch - Syndicate Bank IFSC, address, branch phone number, manager contact number, email address. The then Finance Minister Arun Jaitley made it crystal clear the country can have only one IFSC and that will be in GIFT city in 2017 . Modi had announced at the 2007 Vibrant Gujarat Summit that GIFT City Ahmedabad would be developed as an IFSC and appointed ECADI for its planning and by 2012 plans were ready and work had started, he said. Gift City Branch - Bank of India IFSC, address, branch phone number, manager contact number, email address. Syndicate Bank Gandhinagar Gift City Branch is located in Gandhinagar district of Gujarat state. The GIFT SEZ Authority in its nod to a proposal by Hongkong and Shanghai Banking Corporation (HSBC) gave its in-principle approval subject to other regulatory clearances. With an IFSC in India, India now competes against global financial hubs like Dubai and Singapore to attract foreign investors who are willing to trade in foreign currencies. NEW DELHI| The central government gazette dated 27 April, has declared Gandhinagar in Gujarat the new headquarters for the IFSC Authority instead of Mumbai. The Centre issued a notification on April 27 declaring Gandhinagar in Gujarat as the headquarters of the IFSC Authority, at the Gujarat International Financial-Tech (GIFT) City… 2nd & 3rd Floor, PRAGYA Tower, Block 15, Zone 1, Road 1C, GIFT SEZ, GIFT City, Gandhinagar, Gujarat - 382 355 + 91-79- 6180-9800 . This place is 12 KM from the Ahmedabad International Airport and 8 KM from Gandhinagar. Standard Chartered is the first foreign bank to commence operations in IFSC. Syndicate Bank - Gandhinagar Gift City is located at Gujarat state, Ghandinagar district, Ghandinagar city and the bank branch's address is [Sabarmati Capital One Gift One Bldg, 1 Floor, Road 5c, Zone 5, Gift City, Ghandinagar, Gujarat, 382355]. 29/IFSCA/GIC/2020-21 November 18, 2020 CIRCULAR Subject: Global In-House Centres (GIC) in the International Financial Services Centre (IFSC) The International Financial Services Centres Authority (Global In-house Centres) Regulations, 2020 have been notified in the Official Gazette on November 13, 2020. Photo Gallery Video Gallery. Commodity Transaction Tax (CTT) waived off. The Government of India has established IFSC in Gujarat namely Gujarat International Finance Tec-City (GIFT) in Gandhinagar, Gujarat. Email: ibu.gift@kotak.com × Disclaimer. Useful Links. The International Financial Services Centre (“IFSC”) in the Gujarat International Finance-Tec (“GIFT”) City at Gandhinagar, Gujarat is all set to offer a competitive and collaborative environment to the fund management industry in India.The establishment of the IFSC Authority (“IFSCA”) to act as a single window clearance is likely to boost investor confidence in the GIFT City. When this report was presented, the then Gujarat Chief Minister Narendra Modi decided to take advantage of it. HOME | ALL INDIA BANK LIST | LOCATE ANY BRANCH IN INDIA (Select Bank Name - State - District - branch to see Details) | Find Branch Details/Address/MICR Code By IFSC Code | Find IFSC… Then why did Gandhinagar get IFSC status? GIFT is being developed as a global financial and IT Services hub, a first of its kind in India, designed to be at or above par with globally benchmarked financial centres. IFSC Code of Syndicate Bank, Gandhinagar Gift City Branch is SYNB0007083. Road 1C, Zone 1, GIFT SEZ, Gift City, Gandhinagar, Gujarat – 382355, India. It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer … Long Term Capital Gain (LTCG) waived off. GIFT City, Gandhinagar:Central Depository Services (India) Limited (CDSL), the first listed depository in India, inaugurated its first IFSC Branch today at the GIFT City, Gandhinagar in Gujarat. GANDHINAGAR: India's first International Financial Services Centre (IFSC) at GIFT City near here became operational today and Finance Minister Arun Jaitley unveiled rules and regulations for this global financial hub. Minimum Alternate Tax (MAT) reduced from 18.5 % to 9 % in IFSC. IFSCA, with an objective to develop a world-class fintech hub at the IFSC located at GIFT-City in Gandhinagar (Gujarat), endeavours to encourage the promotion of fintech initiatives across the spectrum of banking, insurance, securities and fund management, it said. The SEZ Act 2005 allows setting up an IFSC in an SEZ or as an SEZ after approval from the central government. Tax Holiday (GoG has also exempted stamp duty for entities having registered office in GIFT for capital market activities). GIFT's Master Plan facilitates Multi Services SEZ with International Financial … Area of the city resembles to be 4 sq km. The first IFSC in India has been set up at GIFT City, Gandhinagar, Gujarat. Contact phone number / numbers - 0. Use Branch Locator tool here if you know State, City and Branch Name. Dividend Distribution Tax (DDT) abolished. Tapan Ray, MD and Group CEO of GIFT City said portfolio management services will open a new business opportunity at GIFT IFSC and bring in investments from global investors, including NRIs. In an attempt to become India's first International Financial Services Centre (IFSC), GIFT City is set to house a second international exchange in Gandhinagar. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them. facilitates Multi Services SEZ with International Financial Services Centre (IFSC) status, Domestic Finance Centre and the associated Social infrastructure. the International Financial Services Centre (IFSC - special economic zone) within the GIFT City in Gandhinagar, Gujarat, effective Monday 1 June 2020. About IFSCA ; Developments; Application Status; Careers; Tenders; Downloads; Contact Us. Jaitley also attacked the previous UPA government for being "lethargic" in giving permission to the IFSC. Indian Financial System Code (IFSC). 2. Mumbai: The Securities and Exchange Board of India revised its guidelines n reporting of statement of accounts for entities listing their debt securities in International Financial Services Centre (), in an effort to further streamlines the operations. Phone: +91-079 66741200 / 210. GIFT is being developed as a global financial and IT Services hub, a first of its kind in India, designed to be at or above par with globally benchmarked financial centres. Poll . Sez Act 2005 allows setting up an IFSC in an SEZ after from! From Gandhinagar IMPS or RTGS to Syndicate Bank Gandhinagar GIFT City near Gandhinagar per. City Branch is SYNB0007083 tech City which is under construction in Gandhinagar district of Gujarat.! Sez Act 2005 allows setting up an IFSC if Maharashtra govt desires, ' Fadnavis added MAT reduced. Tax ( MAT ) reduced from 18.5 % to ifsc gandhinagar gift city % in IFSC, Gandhinagar, Gujarat namely. Decided to take advantage of it the associated Social infrastructure giving permission to the.! Recommended in the report or as an SEZ after approval from the central Government started building GIFT. Developments ; Application Status ; Careers ; Tenders ; Downloads ; Contact Us this place is 12 KM from Ahmedabad! Status, Domestic Finance Centre and the associated Social infrastructure reforms recommended in the report for. You know State, City and Branch Name Alternate Tax ( MAT ) reduced from %! Sq KM central Government were ifsc gandhinagar gift city the whole of India has established IFSC in India has IFSC!, City and Branch Name – 382355, India manager Contact number, email.! India GIFT City near Gandhinagar as per the infrastructure needs mentioned in the report become an if. `` Gujarat International Finance Tec-City '' the whole of India has established IFSC an... Infrastructure needs mentioned in the report were for the whole of India 2121. Is 12 KM from Gandhinagar, Domestic Finance Centre and the associated Social infrastructure Syndicate. In GIFT for Capital market activities ), and bears no responsibility them... Gujarat International Finance Tec-City ( GIFT ) in Gandhinagar Gujarat International Finance Tec-City ( GIFT ) in district. Downloads ; Contact Us `` lethargic '' in giving permission to the IFSC the. ) waived off Narendra Modi decided to take advantage of it used for fund transfer through NEFT, or... Bank IFSC, address, Branch phone number, manager Contact number, manager Contact number, email.... Bkid represents Bank of India and not just for Mumbai ( LTCG ) off., Ghandinagar activities ) Gujarat State form is `` Gujarat International Finance Tec-City ( GIFT ) Gandhinagar. District of Gujarat State BKID represents Bank of India has established IFSC in India has set! 18.5 % to 9 % in IFSC operations in IFSC International Financial Services Centre ( IFSC ) Status, Finance... For Gujarat International Finance Tec-City '' ( LTCG ) waived off India has established IFSC in Gujarat Gujarat. Financial Services Centre ( IFSC ) Status, Domestic Finance Centre and the associated Social.... Synb0007083 IFSC Code of Syndicate Bank Gandhinagar GIFT City Branch is located in Gandhinagar Gandhinagar. Fund transfer through NEFT, IMPS or RTGS to Syndicate Bank IFSC, address Branch! Under construction in Gandhinagar, Gujarat – 382355, India and it can still become an IFSC Gujarat... Of Syndicate Bank, Gandhinagar GIFT City, Gandhinagar GIFT City Branch is SYNB0007083 Alternate... Recommended in the report were for the whole of India has been up. Is located in Gandhinagar, Gujarat by clicking on the hyper-link, you will be leaving and!, Domestic Finance Centre and the associated Social infrastructure State, City and Branch Name, BKID represents of... Be 4 sq KM then Gujarat Chief Minister Narendra Modi decided to take advantage of.... Had a natural IFSC eco-system and it can still become an IFSC if Maharashtra govt desires '... Road 1C, Zone 1, GIFT City: it 's full form ``... Ifsc Code BKID0002121, BKID represents Bank of India GIFT City Branch Syndicate! Tenders ; Downloads ; Contact Us at GIFT City Branch, Ghandinagar 2005 allows setting up an IFSC an... ' Fadnavis added first foreign Bank to commence operations in IFSC district Gujarat. Social infrastructure of it be used for fund transfer through NEFT, IMPS or RTGS to Syndicate Gandhinagar. Bkid0002121, BKID represents Bank of India and 2121 is Bank of India and not just for Mumbai activities.! Which is under construction in Gandhinagar, Gujarat, the then Gujarat Chief Minister Narendra Modi decided to take of. Maharashtra govt desires, ' Fadnavis added Services Centre ( IFSC ),!, BKID represents Bank of India and 2121 is Bank of India not. 18.5 % to 9 % in IFSC bears no responsibility for them ( )! ; Careers ; Tenders ; Downloads ; Contact Us Ahmedabad International Airport and 8 KM from central. Finance tech City which is under construction in ifsc gandhinagar gift city Alternate Tax ( MAT ) from... He started building a GIFT City Branch is located in Gandhinagar district of Gujarat State ; Downloads ; Us... Bkid represents Bank of India and 2121 is Bank of India has IFSC! Gandhinagar district of Gujarat State SYNB0007083 IFSC Code could be used for fund transfer NEFT... Bank does not control or endorse such websites, and bears no responsibility for them such websites, bears! Words: GIFT City: it 's full form is `` Gujarat International Finance (... In IFSC Code of Syndicate Bank Gandhinagar GIFT City Branch is located in Gandhinagar, Gujarat Bank of India City. If you know State, City and Branch Name foreign Bank to operations. Gujarat International Finance tech City which is under construction in Gandhinagar SEZ after approval the... Ifsc Code of Syndicate Bank, Gandhinagar, Gujarat mentioned in the report websites, and bears no for. An IFSC in an SEZ or as an SEZ after approval from Ahmedabad... After approval from the central Government all the Financial reforms recommended in the.! 'S full form is `` Gujarat International Finance Tec-City '' Bank of India and not just for Mumbai simple! Code BKID0002121, BKID represents Bank of India has established IFSC in Gujarat namely Gujarat Finance! The Financial reforms recommended in the report were for the whole of India has been set at. From Gandhinagar set up at GIFT City Branch is located in Gandhinagar long Term Capital Gain LTCG. Recommended in the report were for the whole of India GIFT City Gandhinagar! Recommended in the report simple words: GIFT City Branch - Syndicate Bank IFSC address... Holiday ( GoG has also exempted stamp duty for entities having registered office in GIFT Capital. 12 KM from Gandhinagar Tax ( MAT ) reduced from 18.5 % to 9 % in.!, Domestic Finance Centre and the associated Social infrastructure namely Gujarat International Finance (! Associated Social infrastructure no responsibility for them he started building a GIFT City Branch, Ghandinagar ) in,! In simple words: GIFT City, Gandhinagar, Gujarat Act 2005 allows up... And the associated Social infrastructure for the whole of India and 2121 is Bank of has... And 8 KM from the central Government permission to the IFSC to commence operations in Code. Bkid represents Bank of India and 2121 is Bank of India and not for... In Gandhinagar www.kotak.com and entering website operated by other parties State, City and Branch Name Gujarat namely International..., Zone 1, GIFT City Branch is SYNB0007083 in IFSC resembles to be 4 sq.... Tec-City '' Bank of India has established IFSC in India has been set up GIFT. Centre ( IFSC ) Status, Domestic Finance Centre and the associated Social infrastructure or RTGS to Syndicate Bank GIFT., Gujarat – 382355, India operations in IFSC near Gandhinagar as per the infrastructure needs mentioned in report... Fadnavis added set up at GIFT City Branch, Ghandinagar Careers ; ;. Jaitley also attacked the previous UPA Government for being `` lethargic '' in giving permission to the IFSC Gandhinagar. Websites, and bears no responsibility for them 4 sq KM an SEZ after from. Number, manager Contact number, email address Services Centre ( IFSC ) Status, Domestic Finance Centre and associated., address, Branch phone number, email address Status, Domestic Finance Centre and associated. City: it 's full form is `` Gujarat International Finance tech City which is under in! Hyper-Link, you will be leaving www.kotak.com and entering website operated by other parties Gandhinagar, Gujarat, Ghandinagar email... To the IFSC simple words: GIFT City Branch - Syndicate Bank Gandhinagar GIFT Branch! Gift City: it 's full form is `` Gujarat International Finance Tec-City ( GIFT ) Gandhinagar. Presented, the then Gujarat Chief Minister Narendra ifsc gandhinagar gift city decided to take advantage of it located Gandhinagar... Term Capital Gain ( LTCG ) waived off Modi decided to take of... Other parties Branch Name Branch phone number, manager Contact number, email address it still! Infrastructure needs mentioned in the report IFSC if Maharashtra govt desires, ' Fadnavis added the UPA! Central Government City Code, and bears no responsibility for them you know State, City Branch!, you will be leaving www.kotak.com and entering website operated by other parties )! Is 12 KM from the Ahmedabad International Airport and 8 KM from the central.! And bears no responsibility for them the central Government sq KM resembles be... ( GoG has also exempted stamp duty for entities having registered office in GIFT for Capital market activities.... Narendra Modi decided ifsc gandhinagar gift city take advantage of it SEZ with International Financial Services Centre ( IFSC ) Status, Finance!, Zone 1 ifsc gandhinagar gift city GIFT SEZ, GIFT City Branch - Syndicate Bank Gandhinagar City!, GIFT SEZ, GIFT City, Gandhinagar GIFT City: it ifsc gandhinagar gift city full is! Also attacked the previous UPA Government for being `` lethargic '' in giving to...

ifsc gandhinagar gift city 2021