Find Branch By IFSC

What Is a Bank IFSC Code?

IFSC is an acronym that stands for the Indian Financial System Code of any given bank in India. The code itself is an alphanumeric combination of letters and numbers, used to identify the specific branch taking part in the four primary Electronic Funds Settlement Systems in India, which are:

  1. Real Time Gross Settlement (RTGS)
  2. National Electronic Funds Transfer (NEFT)
  3. Immediate Payment Service Systems (IMPS)
  4. Centralised Funds Management System (CFMS)

Always consisting of 11 alphanumeric characters, the first four letters in a bank's IFSC code indicate the name of the bank taking part in the transaction. At present, the fifth digit is set at zero and has been reserved for future use. The identity and remaining information of the specific branch of the bank in question is communicated in the last six digits of the code.

Every bank in India has a unique IFSC code, which is primarily used to facilitate and simplify the settlement systems mentioned above. The IFSC code was devised to make it both simple and secure for messages to be sent between banks, for the purposes of completing electronic transfers.

All electronic transfers completed using IFSC codes are recorded for legislative and general customer security purposes.