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Often when you go for electronic payment system, specifically money transfer, you must have been asked to give the IFSC Code.
At that time, you may have just called up your respective branch of the bank and asked for it. They must have given you a code and helped you in the processing of your transaction.
Let me tell you that this code was with you on your bank statement or your cheque book or your bank pass book.
The question arises as to how and where?
In this article, we will discuss as to what is this IFSC Code and where can you locate it in the documents provided to you by the bank in which you are the account holder.
What is an IFSC Code?
It stands for Indian Financial System Code. It is an eleven digit alphanumeric code prescribed by the Reserve Bank of India (RBI) to all the bank branches who participate in the online transfer/ net banking system.
The first four alphabets represent the name of the bank, next character is 0 and then is the branch code, as mentioned below in the sample cheque leaf.
This code is used in case of online transfers such as Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT) and Centralised Funds Management System (CFMS).
How to find the IFSC Code?
Ordinarily, you can get the IFSC Code on your bank statement. At times, it is also printed on the chequebook itself.
Alternatively, you can go here and the following window will open:
Follow the following steps there on:
Step 1: Select the name of the bank name from the list.
Step 2: Select the state in which that bank is located.
Step 3: Select the district of the state selected by you.
Step 4: Select the respective branch of that particular bank.
Step 5: You will get the following details after following all the aforementioned steps.
Post-reading this blog, we hope that you have come to know much more than you knew. By now, you know what does it stands for, where you write for us and where will you find the information related to it.
Now you don’t need anyone’s assistance in this regard. Follow the steps mentioned above and know about any bank’s IFSC Code you want to know about.
You may read more related topics here.
Indian Budgetary Framework Code (IFSC) codes are doled out to each and every bank in India by the RBI. The Indian IFSC Monetary Framework Code is being utilized as a tending to code. The code is a 11 Digit Alphanumeric code with the beginning four characters speaking to the bank code, the following character is a control character, and the remaining characters are to distinguish the Branch.
Excellent information of IFSC Code
FInd all bank branches updated IFSC code list on below link for transfer fund (NEFT, RTGS, IMPS) from one bank to another bank account.
THanks for your guide to IFSC Code
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Very well explanation of ifsc code. Thanks for sharing
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Want to know IFSC MICR bank Detail?
Thnaks for the great information about IFSC Codes. I have also found the blog about Pin codes and IFSC codes where anyone can update their knowledge.
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