Find Bank IFSC Code.

The IFSC (Indian Financial System identifier) is a one-of-a-kind alphanumeric identifier used to identify individual bank branches in India's electronic payments transfer system. This code is required by several electronic payment systems, including NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).

MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.




Here's a breakdown of the components of an IFSC code:

  1. The first four characters are: These symbolize the bank's name. "SBIN" stands for State Bank of India, for example.
  2. Fifth character: Always "0" and retained for future use.
  3. The remaining six characters are as follows: These digits identify the bank's unique branch. They are unique to each branch and are used to precisely route funds to their designated destination.

For example, the IFSC code for a specific State Bank of India branch might look like this: SBIN0001234, where "SBIN" is the name of the bank, "0" is a reserved character, and "001234" identifies the branch uniquely.

To ensure that the funds are sent to the right person while sending electronic fund transfers in India, you must include both the recipient's bank account number and the IFSC code of the recipient's bank branch. The IFSC code must be verified twice for accuracy to prevent any mistakes from occurring during fund transfers.