Singapore ACH Bank Key Code And Branch Clearing Code Finder

Lookup SG Bank Key And Branch Code

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Interbank GIRO (IBG) System In Singapore

Interbank GIRO (IBG) is a paperless system that allows a customer of a participating bank to transfer funds, through direct debits and credits, to the accounts of customers of any participating bank.

In July 2001, the ACH introduced the eGIRO system, which removes the manual delivery of magnetic tapes between the banks and the ACH by using secured electronic transmission of payment data. Under eGIRO, the entire process of clearing and settlement, including processing of returned and rejected items can be straight through and automated.

The ACH Bank Code, Branch Code and Account Number are key fields in the required information to be provided for Interbank GIRO (IBG) transactions only. For accounts belonging to the following banks, you may wish to take note of the following conditions when preparing the IBG transactions.

Automated Clearing House (ACH)

The FAST And Secure Transfers ("FAST"), Singapore Dollar Cheque Clearing System (“SGDCCS”), US Dollar Cheque Clearing System (“USDCCS”), and Inter-bank GIRO System (“IBG”) collectively called the ACH systems, are operated by the Banking Computer Services Pte Ltd (“BCS”) under the Banking (Clearing House) Regulations.

The ACH systems process mainly interbank retail payments. These retail transactions form a large volume of important business and retail transactions such as salary and bill payments. ACH clears transactions on a multilateral deferred net settlement basis. Actual funds settlement for FAST, IBG and SGDCCS take place in MEPS+ while for USDCCS, settlement occurs in the Cheque Settlement System operated by Citibank N.A., the appointed settlement bank for USDCCS.

Browse Singapore Bank Codes For Banks Below

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Analysis of Financial Ratios
NIM (Net Interest Margin): Net interest margin (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their (interest-earning) assets. Thus, it also has high correlation to interest spread and thus impacts profitability of the bank. NIM of Andhra Bank is 2.77 which is greater than the average of all public sector banks but less than average NIM of all banks in India. This indicates that the bank is doing well as compared to an average PSB in India but lagging among all banks in India.

COF (Cost of Funds): Cost of funds for a bank is the average interest rate paid to depositors on financial products such as savings account, current account, and fixed deposits etc. Lower CoF is better for banks as it will increase profitability. COF of Andhra Bank is 7.13 which is poorer than the average among PSBs as well as poorer than average CoF of all banks.

Return on Advances: Return on advances indicates the average interest rate at which the bank lends money to the borrowers. Higher return of advances is better for higher profitability of the bank (however, higher interest rates also indicate risky assests). So this ratio should be read along with NPA Ratio for better understanding about the bank.

Return on Equity (ROE): Return on equity is the measure of bank's profitability. Higher the better. [RoE = Net Profit / Total Equity].

CRAR: Capital to Risk-Weighted Assets Ratio (also known as Capital Adequacy Ratio is the ratio of bank's capital to its risk. This ratio is also monitored by RBI for all banks and higher value indicates higher stability for a bank. CRAR of Andhra Bank is 11.76 which is less than group average among PSBs and also less than average of all banks.

NPA Ratio: Non Performing Assets refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset. Thus, NPA Ratio = [Non Perforing Assets/Total Assets]. Higher NPA Ratio indicates riskiness of the bank and losses as it may result in write downs. If you are investing in a bank, be aware to check this ratio carefully. NPA Ratio of Andhra Bank is 2.45 which is high and it is poorer than average NPA of PSBs as well as average NPA of all banks.