IFSC Code Checker

What is the Format of the Bank IFSC Code?

IFSC Code, Indian Financial System Code is an exceptional alphanumeric code assigned by the Reserve Bank of India to bank branches involved in electronic fund transfer as their special address. The format of the IFSC Code is as follows,

• It is a unique combination of 11 alphabets and numbers.
• The first four characters are alphabets that appear for the bank name.
• The fifth character is always zero ‘0’ and sort of reserved for future use.
• The last six characters uniquely present the specific branch code of the bank.

For example, SBIN0011010 is the IFSC Code, in which SBIN is the bank name, the fifth character is 0 and the last six characters ‘011010’ is the branch code. If you want to check an IFSC code of your preferred bank branch, use the IFSC code checker.

Why is There a Need for IFSC?

You can think of the IFSC code as the key to electronic fund transfers, and see how it plays a crucial role in the Indian banking world.

• Smart Code for Identifying Bank Branches: IFSC codes are unique to each bank branch. This guarantees that the e-pay system can accurately identify the destination bank and branch where the funds are to be transferred. However, Make sure you have done an IFSC code check before making any payment.
• Allows Electronic Transactions:IFSC codes are the requirement if you want to transfer funds through NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).
• Reduces Error and Fraud: The importance of the IFSC code can be understood while thinking of its absence. Without an IFSC code, it would be easy to mistakenly transfer funds to the wrong branch.
• Enhancing Speed and Accuracy:e-Payments with the help of IFSC codes are processed swiftly and precisely. It is a superhero for time-sensitive transactions, like real-time settlement in RTGS.
• Compliance With Regulatory Guidelines: IFSC codes assist banks & financial institutions in complying with the regulatory requirements established by RBI, the father bank.

How to Use Our IFSC Code Checker?

Step 1 - Go to the IFSC Code Checker to search branch by IFSC code.

Step 2 - Enter the IFSC Code you want to check.

Step 3 - Once you click the "check code” button, you will get the comprehensive details on your screen such as IFSC code, MICR code, Bank name, branch name, address, city, district, state and even contact number. This way you can search banks by IFSC code and also branch name from IFSC code.

Benefits of Using Our IFSC Code Checker Tool.

You can enjoy a good many benefits using the IFSC Code Checker tool. Here are the reasons why IFSC code lookup is important.

• It makes sure that the IFSC code is correct so the amount will be directed to the destined account.
• Prevent the risk and fraud of funds being transferred to the wrong account.
• Quick verification without manual searching or visiting the bank.
• Accessible online, anywhere or anytime with an internet connection.
• It ensures secure and safe electronic fund transfers.
• And, definitely helps adhere to RBI regulations and Indian Banking Standards.

How to Transfer Money With the IFSC Code?

You can transfer money mainly through three payment service systems namely NEFT, RTGS or IMPS using an IFSC code. Follow the general steps mentioned below,

Step 1 - Login into your banking account.

Step 2 - Look for options such as “fund transfers” or “payments” to initiate a fund transfer.

Step 3 - Choose the type of transfer from NEFT, RTGS, or IMPS. ( for immediate transfer you can choose RTGS or IMPS while for standard transfer, NEFT is the go-to option)

Step 4 - Fill in the beneficiary details that involve the payee name, account number, and IFSC code of the recipient’s bank. Make sure you verify all the details.

Step 5 - Enter the amount you want to transfer.

Step 6 - Cross-check all the details, especially the IFSC Code.

Step 7 - Authorize the transaction by providing the OTP (one-time Password) that is sent to you.

Step 8 - Wait for the confirmation of the transaction and you have successfully transferred the fund to the recipient’s account.

Some Popular Bank IFSC Codes.