What does the rural commercial bank code mean?

It means the ID card of China Rural Commercial Bank.

According to today's headline data, the code of China Rural Commercial Bank is equivalent to the ID card of China Rural Commercial Bank, representing the identity of the rural commercial bank. Rural commercial bank codes are often used to handle inter-bank business (remittance, deposit and withdrawal in different places, bill exchange and other payment and settlement services). ), because customers may be required to fill in the bank code when handling inter-bank transfer to ensure the security of the transfer transaction.

The rural commercial bank code usually consists of 12 digits, with the first 6 digits being UnionPay number and the last 6 digits being bank branch number. Among them, the UnionPay number is the unique identification number assigned by China UnionPay system, which is used to distinguish different financial institutions, while the branch number is divided according to the internal management system of financial institutions. Therefore, the rural commercial bank code can uniquely identify a rural commercial bank, which is convenient for financial transactions and liquidation.