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. It is a Global Financial Hub. 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. GIFT's Master Plan facilitates Multi Services SEZ with International Financial Services Centre (IFSC) status, Domestic Finance Centre and the associated Social infrastructure. 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. Dividend Distribution Tax (DDT) abolished. facilitates Multi Services SEZ with International Financial Services Centre (IFSC) status, Domestic Finance Centre and the associated Social infrastructure. 2. Then why did Gandhinagar get IFSC status? 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. Commodity Transaction Tax (CTT) 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. “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. Email: ibu.gift@kotak.com × Disclaimer. Syndicate Bank Gandhinagar Gift City Branch is located in Gandhinagar district of Gujarat state. Use Branch Locator tool here if you know State, City and Branch Name. Poll . Gift City Branch - Bank of India IFSC, address, branch phone number, manager contact number, email address. IFSC Code: SYNB0007083, GANDHINAGAR GIFT CITY, SYNDICATE BANK Find IFSC, MICR Codes, Address, All Bank Branches in India, for NEFT, RTGS, ECS Transactions. 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. 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. 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… Because all the financial reforms recommended in the report were for the whole of India and not just for Mumbai. 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. 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]. MICR Code: 380025023. 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 . The country’s first IFSC is also built at GIFT City in Gandhinagar. 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. 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]. He started building a GIFT city near Gandhinagar as per the infrastructure needs mentioned in the report. Indian Financial System Code (IFSC). 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. Photo Gallery Video Gallery. 2nd & 3rd Floor, PRAGYA Tower, Block 15, Zone 1, Road 1C, GIFT SEZ, GIFT City, Gandhinagar, Gujarat - 382 355 + 91-79- 6180-9800 . The Government of India has established IFSC in Gujarat namely Gujarat International Finance Tec-City (GIFT) in Gandhinagar, Gujarat. 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. Proceed × Disclaimer. the International Financial Services Centre (IFSC - special economic zone) within the GIFT City in Gandhinagar, Gujarat, effective Monday 1 June 2020. Jaitley also attacked the previous UPA government for being "lethargic" in giving permission to the IFSC. 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 … 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. IFSCs in India: The first IFSC in India has been set up at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. 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. 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. 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