Indian Financial System Code (IFSC) is one of the modern approaches to make banking system much flexible and transforming it in paperless mode. IFSC code helps to take banking facility from challans to internet banking, long queue to computer system and small queue. Integration of this simple unique code brings new boost in banking and financial sectors. IFSC means Indian Financial System Code is important when any transaction especially in case of online transaction and make transaction robust and error free. With the help of this code use can easily transfer maximum amount to another account across the world to pay your shopping bills and other expenses.

About IFSC Code

Indian Financial System Code (IFSC Code) is combination of 11alpha numeric characters in which first four digit represent to bank code fifth digit is zero reserved for future use and remaining digit refers to bank branch code. IFSC code allows individuals to do National electronic fund transfer (NEFT) and Real time gross settlement (RTGS) quite comfortably. IFSC system is valid and useful for domestic transactions across the country. Reserve bank of India (RBI) is liable of issuing of codes to mange transaction without any complications. As per RBI guideline bank used to print their ifsc code in their cheque book to easy the customers tasks.

IFSC code has made inter banking transaction system much easier and robust. In simple word it can be said that IFSC code refers to unique identity of bank branches and inter banking system. Because of IFSC code IMPS becomes quite easy and secure. User can use various payment modes including payment through app, online payment through internet banking, transfer through SMS and other transaction platform. Example of IFSC code is PUNB0629300.

To Know about IFSC Codes of Bank Listed Below

  • Axis Bank

  • Allahabad Bank

  • Bank of Baroda

  • Bank of India

  • Canara Bank

  • Citi Bank

  • Central Bank of India

  • HDFC Bank

  • ICICI Bank

  • Indian Bank

  • Karnataka Bank

  • IDFC Bank

  • IDBI Bank

  • Punjab National Bank

  • State Bank of India

  • Yes Bank

  • United Bank of India

  • Union Bank of India

  • Vijaya Bank

  • Abhyudaya Cooperative Bank

  • Ahmedabad Mercantile Co Operative Bank

  • Airtel Payments Bank

  • Akola Janata Commercial Co Operative Bank

  • State Bank of Travancore

  • Syndicate Bank

  • Tamilnad Mercantile Bank

  • UCO Bank

  • Reserve Bank of India/p>

  • RBL Bank

  • South Indian Bank

  • Paytm Payment Bank

  • Standard Chartered Bank

  • State Bank of Bikaner and Jaipur

  • City Union Bank

  • Corporation Bank

  • DCB Bank

  • Dena Bank

  • Karnataka Vikas Grameena Bank

  • Karur Vysya Bank

  • Kerala Gramin Bank

  • Kotak Mahindra Bank

  • Almora Urban Cooperative Bank

  • Andhra Bank

  • Andhra Pragathi Grameena Bank

  • Australia and New Zealand Banking Group

  • Indian Overseas Bank

  • Indusind Bank

  • Jammu and Kashmir Bank

  • Bandhan Bank

  • Bank of America

  • Bank of Baharain and Kuwait BSC

  • Lakshmi Vilas Bank

  • Nainital Bank

  • Oriental Bank of Commerce

  • Pragathi Krishna Gramin Bank

  • Prathama Bank

  • Punjab and Sind Bank

  • Bank of Maharashtra

  • Bank of Tokyo Mitsubishi

  • Barclays Bank

  • Bassein Catholic Cooperative Bank

  • Zila Sahakri Bank

  • Bank of Ceylon

  • Dhanalakshmi Bank

  • Federal Bank

  • Gurgaon Gramin Bank

  • Himachal Pradesh State Cooperative Bank

  • HSBC Bank

  • Catholic Syrian Bank

  • Deogiri Nagari Sahakari Bank Aurangabad

  • Deustche Bank

  • State Bank of Mysore

  • State Bank of Patiala

MICR (Magnetic Ink Character Recognition)

Magnetic Ink Character Recognition is latest technology and use to validate the integrity of paper based documents and original documents to boost the security feature of one to other transactions. In banking sector Magnetic Ink Character Recognition (MICR) code is used to recognize cheque identity easily. MICR codes are easy to read by human and on the other hand bar codes are hard to understand and read. MICR code is combination of 9 digits in which first 3 digits represents city of bank, next three digits represents to identity of bank and remaining 3 digits refers to branch of bank. Example of MICR code is 486024002.