Indian Financial System Code
Encyclopedia
The Indian Financial System Code (IFSC) is an alphanumeric code
that uniquely identifies a bank-branch participating in the NEFT system. This is a 11 digit code with the first 4 alphabet
ic characters representing the bank
, and the last 6 characters (usually numeric, but can be alphabetic) representing the branch. The 5th character is 0 (zero). IFSC is used by the NEFT system to route the messages to the destination banks / branches.
Bank-wise list of IFSCs is available with all the bank-branches participating in NEFT. List of bank-branches participating in NEFT and their IFSCs is available on the website of Reserve Bank of India
at http://www.rbi.org.in/scripts/neft.aspx. All the banks have also been advised to print the IFSC of the branch on cheque
s issued by branches to their customers. For net banking
customers many banks have enabled online search / pop-up of the IFSC of the destination bank branch.
Alphanumeric code
In general, in computing, an alphanumeric code is a series of letters and numbers which are written in a form that can be processed by a computer....
that uniquely identifies a bank-branch participating in the NEFT system. This is a 11 digit code with the first 4 alphabet
Alphabet
An alphabet is a standard set of letters—basic written symbols or graphemes—each of which represents a phoneme in a spoken language, either as it exists now or as it was in the past. There are other systems, such as logographies, in which each character represents a word, morpheme, or semantic...
ic characters representing the bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
, and the last 6 characters (usually numeric, but can be alphabetic) representing the branch. The 5th character is 0 (zero). IFSC is used by the NEFT system to route the messages to the destination banks / branches.
Bank-wise list of IFSCs is available with all the bank-branches participating in NEFT. List of bank-branches participating in NEFT and their IFSCs is available on the website of Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
at http://www.rbi.org.in/scripts/neft.aspx. All the banks have also been advised to print the IFSC of the branch on cheque
Cheque
A cheque is a document/instrument See the negotiable cow—itself a fictional story—for discussions of cheques written on unusual surfaces. that orders a payment of money from a bank account...
s issued by branches to their customers. For net banking
Online banking
Online banking allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank, credit union or building society.-Features:...
customers many banks have enabled online search / pop-up of the IFSC of the destination bank branch.