Bank IFSC Code
The IFSC or the Indian Financial System Code, commonly popularly known as IFSC Code
is basically a code which is alphanumeric in nature. It is give to each bank branch which takes part in the basic electronic systems- the real time gross settlement or the RTGS and the national electronic funds transfer or NEFT.
Magnetic ink character recognition
Indian Financial System Code
Reserve Bank of India
Real Time Gross Settlement
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About Bank IFSC Code
- The whole code is made up of 11 numbers.
- The first 4 characters of the code are alphabets and they represent the bank’s name.
- The last 6 characters of the code can be alphabets or numbers or a combination of both. They represent the branch.
- The 5th character is always a zero.
Do you have the 11 digit IFSC Code with you? Just paste it in the box and click on submit button to get the full bank details at one place.
Need Of IFSC Code
This code is given to each bank branch in order to send messages to the desired branches of any particular branch. The codes are decided and given by the Reserve Bank of India (RBI).
All bank branches which are a part of the electronic funds transfer have access to these codes of every bank branch. The official website of the Reserve Bank of India holds information and names of all the banks and their branches which participate in this electronic funds transfer system. This code is also printed on the cheques of the branch.