Bank IFSC Code Detail Finder Tool
Bank IFSC: What is it and How to Find it?
"IFSC, which stands for Indian Financial System Code, is a unique 11-digit alphanumeric code used to identify individual bank branches in India. This code is used in electronic funds transfer (EFT) and Real Time Gross Settlement (RTGS) transactions to identify the bank and its branch where the account is held. It is a crucial piece of information for online banking and money transfer".
The Reserve Bank of India (RBI) assigns this code to all banks that participate in the National Electronic Funds Transfer (NEFT) system. This system enables transfer of funds between banks electronically, quickly and safely. The IFSC code is mandatory to carry out any NEFT or RTGS transaction.
The IFSC code consists of 3 parts. The first 4 characters represent the bank name, the 5th character is a zero and is reserved for future use, and the last 6 characters identify the individual branch.
For example, the IFSC code for the Mumbai branch of State Bank of India is SBIN0001234. Here, SBIN stands for State Bank of India, the 5th character is zero and the last 6 digits (001234) identify the Mumbai branch.
Finding the IFSC code of a bank branch is simple. You can find it on the bank's website, the chequebook or passbook of the account, or by contacting the bank's customer care. You can also find it on the RBI website or other third-party websites that offer IFSC code search.
To find the IFSC code on the RBI website, follow these steps:
Go to the RBI website (https://www.rbi.org.in/)
Click on the "IFSC/MICR Codes" option under "Popular Links" section.
Select the bank name, state, district, and branch from the dropdown menus.
The IFSC code and other bank details will be displayed on the screen.
Similarly, there are several third-party websites and mobile apps that offer IFSC code search. These websites and apps are easy to use and provide accurate information.
conclusion:
the IFSC code is a crucial piece of information for online banking and money transfer. It is important to have the correct IFSC code while making a funds transfer. You can find the IFSC code of a bank branch on the bank's website, the chequebook or passbook of the account, or by contacting the bank's customer care. Additionally, the RBI website and several third-party websites and apps offer IFSC code search services that are quick and easy to use.
