Bank IFSC Code Detail Finder Tool
Bank IFSC is an abbreviation for Indian Financial System Code, which is a unique 11-character code assigned to each bank branch in India. It is used to identify and facilitate electronic fund transfers between banks and their customers. The IFSC code is required for any transactions made through the National Electronic Fund Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) systems.
The IFSC code comprises four parts: the first four characters represent the bank code, followed by a zero, and the last six characters indicate the specific branch code. For instance, the IFSC code for the State Bank of India's Fort branch in Mumbai is SBIN0000300, where "SBIN" is the bank code and "000300" is the branch code.
IFSC codes can be easily found on a bank's website, on a cheque or passbook, or through online IFSC code search engines. It is important to ensure the accuracy of the IFSC code before initiating any online fund transfers, as an incorrect code can result in the funds being transferred to the wrong bank or branch. In summary, the Bank IFSC is a crucial code that enables the secure transfer of funds electronically between banks and their customers in India.
