Tuesday, 28 February 2017

What is IFSC


It stands for Indian Financial System Code.It contains 11 digits code with alpha-numeric format .It is use for electronic payments system applications such as RTGS (Real Time Gross Settlement).Normally the 11 digits code will be printed on cheque book for NEFT enabled banks and also printed on bank passbook.Also you can find the branch IFSC code ,Address,Bank details,Branch address in India by follow link. http://www.ifsccodebank.com/ 

 In IFSC 11 digits code first 4 letters indicates Bank Code,next single digit reserved for future purpose remaining 6 digits are Bank code.

Example :- 

  • SBIN First 4 letters indicates Bank Code,
  • 0 Single digit reserved for future purpose,
  • 000900 These 6 digits are Bank code.

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