What Is IFSC CODE
IFSC Code stands for Indian Financial System Code,This is a 11-digit unique alphanumeric code. Ifsc Code is used for fund transfer and transactions online via NEFT, RTGS and IMPS services of any bank. IFSC code is assigned by RBI (Reserve Bank of India) to all the banks.
All the bank branches have their own unique 11 digit IFSC Code.
NICR Stands for Magnetic Ink Character Recognition. MICR code is a code printed on cheques using Magnetic Ink Character Recognition technology). This technology enables to identification the cheques in turns faster processing. An MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System ECS or Nach.
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Total IFSC Code
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Something about IFSC Code
Here You can find the information about IFSC code and Their unique features
- IFSC Code: Indian Financial System Code
- Process of IFSC: IFSC Code is used for identification of bank brach.
- Where can I found IFSC: Its mentiond in the Cheques and Passbook of Account
Summary:If you want to do any type of Finacial bank transaction from bank account to another bank account, you need the IFSC code of that bank. with this 11 digit uniqe code, Sender bank can found the bank branch details.
Something About MICR Code
Here You can find all the information about MICR Code With the Features
MICR Code: Magnetic Ink Character Recognition Code Magnetic Ink Character Recognition (MICR) is a 9-digit code that helps identify a particular bank branch that is part of the Electronic Clearing System (ECS) which is used to clear cheques on a routine basis.The MICR code is located on the bottom of a cheque leaf, next to the cheque number. You can also find it printed on the first page of a bank savings account passbook.
MICR Code is used in the processing of cheques by machines. Indian Financial System Code (or more commonly known as IFSC code) is an 11-digit alpha-numeric code used to uniquely identify bank branches within the National Electronic Funds Transfer (NEFT) network by central bank
IFSC Code of Bank
On Allifscode.com, You can find all the branches of Indian bank IFSC CODE, MICR Code for your Fincial money trasaction.
- SBI IFSC CODE
- ICICI Bank IFSC CODE
- HDFC IFSC CODE
- BOI IFSC CODE (Bank of Baroda)
- AXIS Bank IFSC CODE
- Allahabad Bank IFSC Code
If You are looking for IFSC Code finder? Then You are the right Place , In this IFSC Code finder. you can search all the banks ifsc and Micr code in IFSC code search box.
Other Unique Featuers of Allifscode.com
Here You can find the follwing types of search results in Allifscode.com
- IFSC CODE
- MICR CODE
- Bank Branch Address
- Bank Branch Contact Details
- NEFT Availbilty
- RTGS Availbilty
- UPI Availbilty
Rajnish KumarChaireman SBI Bank
Amitabh ChaudhryCEO & MD: AXIS Bank
Aditya PuriCEO: HDFC BANK
Sandeep BakhshiCEO: ICICI Bank
Frequently Asked Questions
What is IFSC code example?
IFSC codes are 11 characters, comprised like this: XXXX0YYYYYY. The first four (XXXX) are alphabetic characters that represent the bank. The zero (0) is reserved for future use. The last six digits (YYYYYY) are a code of numbers representing the individual branch of the bank.
What Is IFSC code in SBI bank account?
SBI IFSC code is a 11-digit code which is used to identify a bank branch for electronic transactions like NEFT, RTGS & IMPS. It is alphanumeric code is different for each bank branch of a particular bank.
Is IFSC and IFS code same?
IFS code is known as Indian Financial System code which an alpha-numeric identification code is uniquely allotted by our RBI to the bank's branch. IFSC code and IFS code is same, they are just written with a difference. RBI is the only authorized body to allot IFS codes to the banks and their branches.
How can I know my bank branch IFSC code?
You can search for the IFSC Code of a bank in multiple ways: You can search for the IFSC code on the cheque and passbook provided by the bank. By visiting website of the respective bank. Search for IFSC code at RBI's website. Find IFSC code easily at MyLoanCare website. Select Bank, State, District and then branch.
What happens if I use wrong IFSC code?
The fund will be transferred to another bank if both (IFS and account number) of the bank is correct. Otherwise, the transaction will be failed and an amount cannot transfer. In the rare case, if unintended IFS code (Wrong IFS code) has the same account number, the amount will be transferred.
Why IFSC code is important?
When making a bank transfer, it is necessary to identify the bank and the branch where the beneficiary account is held and the IFSC Code is designed to do just that. That is why the IFSC is mandatory for various bank transfers such as NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement).
Is IFSC code required for international transfer?
Because IFSC code is Indian Financial System Code, which is used in India for money transfer. You need to provide BIC or Swift code in case of sending money from abroad. No you have to use the ifsc code , It is used to find the exact bank and it's their branch.
How can I know my SBI IFSC code?
Find State Bank of India (SBI) IFSC Code, Address list of all State Bank of India branches. First select your bank, select the state, now select your district and finally select the branch of your bank to find IFSC Code.
How can I know my SBI bank IFSC code?
To find an SBI IFSC code, you need to select the bank name from the drop down menu and select the state of the bank branch. You can get all the essential details of the bank, including the address, phone numbers, and branch details, along with the IFSC, MICR, NEFT and RTGS related information.