stands for ‘Indian Financial System Code’. A IFSC code is a unique code to identify a bank branch uniquely. It is used in processing NEFT and RTGS transaction from one bank account to another bank account i.e. interbank money transfers. We at ifsccodeindia.com provide an easy way to find these ifsc codes. You can also cross check the IFSC codes in the cheque book of your account. Most of the banks print the IFSC code of the bank branch in which your account is opened.
The IFSC code is 11 alphanumeric characters code that uniquely identifies a financial institution in India. The IFSC code has 3 sections within the full code which identifies the bank and the branch uniquely. Thus, IFSC Code for any two branches of the same bank will also be different.
First 4 characters – Bank Code – Identifies financial institution uniquely (only letters)
Next 1 characters – is 0 (left for future use)
Next 6 characters – Identifies Branch (Digits)
The above mentioned format of IFSC Code is provided by Reserve Bank of India and represents a particular bank or bank branch. These codes are used for transferring the money between banks especially the NEFT transactions. If you want to do a direct wire transfer between banks, your bank will probably ask for the NEFT code of the bank branch receiving the funds along with the account number of the person or entity to which you are sending the money.
Just Select Your Bank and Find the IFSC Code For Your Branch