Find the Branch details including bank address, bank telephone number, bank email address, SWIFT Code, MICR code, PIN code, etc., of any bank in India by entering the IFSC code of that particular branch in the search box given in this page at banksifsccodes.com!
What Is Bank IFSC Code?
The Indian Financial System Code (IFSC) is an alphanumeric unique arrangement of digits and letters or code which represents a particular bank or a particular branch taking part in four main Electronic Funds Settlement Systems prevalent in India. These four Electronic Funds Settlement Systems are:
- 1. Real Time Gross Settlement or RTGS
- 2. National Electronic Funds Transfer or NEFT
- 3. Immediate Payment Service Systems or IMPS
- 4. Centralised Funds Management System or CFMS
Technically, IFSC is an 11 character alphanumeric combination in which the first 4 characters are usually alphabets and represent the name of the Bank participating in the transaction. The fifth character is numeric 0 (zero) and is reserved for future use only. The last six characters can be numeric or alphabets that represent the name of the participating Branch.
Each bank has a unique IFSC code. The IFSC code is primarily used by the RTGS, NEFT, CFMS and IMPS systems to relay the messages from the source to the destination, In short IFSC is used to route the message from originating bank to the destination bank.
All the banks which participate in the Electronic Funds Transfer maintain a bank wise list of IFSCs and are also listed on the Official Website of Reserve Bank of India for the consumers as well.
Why Do We Need It?
The IFSC code finds its use in Online Banking Transactions. These Online Banking transactions might include payment of water and electricity bills, bus, train and flight reservations online. Apart from that IFSC is used in online shopping payments, share and equity payments and EMIs and Loan payments to count a few. In general, whenever money is transferred from one account to another, the transaction cannot be completed without IFSC.
How To Get IFSC Code?
At banksifsccodes.com, you can get the IFSC codes for all the 165 computerised banks in India. Apart from IFSC codes, you can get Bank Address, Contact details including Bank's email address and telephone number, SWIFT code, MICR Code, PIN Code, etc.