What is bank IFSC code?

 What is bank IFSC code?

IFSC Code - The Indian Financial System Code is a unique 11-digit code issued by the Reserve Bank of India (RBI) to all banks that offer online transfer programs such as RTGS (Real-Time Gross Settlement), NEFT (National Fund Transfer electronic) and IMPS (Instant Payment Service).

See also: IFSC code finder tool for all banks

IFSC code ensures that money is transferred to the correct account. IFSC bank code is usually found on bank check sheets. The first four numbers mean bank. This is followed by the zero digit. The last six digits refer to the bank branch. To make an online transfer to any bank account, one must know the IFSC code of the recipient's bank branch.

With IFSC code finder online, you can easily find IFSC code depending on where you need it. To obtain IFSC bank code, you need to select the name of the bank, state and region where the bank is located and the bank branch. Once you have provided the details, your IFSC bank code will appear along with details such as your bank, state, region, city, branch, branch code, address and contact number.

Before making any fund transfers, you should check with the bank whether the IFSC code of the recipient's bank account is correct, to avoid any improper transactions.

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