What is an IFSC code?
The Indian Financial System Code (IFSC) is a code with 11 characters that is used for electronic payments like NEFT, RTGS, IMPS, and CFMS. It was created by the Reserve Bank of India (RBI). The first four characters identify the bank, the fifth character is always "0" for future use, and the last six characters represent the branch of the bank.
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
How to find IFSC code of Your branch
1. Cheque leaf: To find IFSC code of your branch, the simplest way is to refer to your cheque book. The full address of the branch is mentioned at the top left corner of a cheque leaf. At the end of the address, you will find an 11-digit code. This is your IFSC Code.
2. Passbook: Refer to the front sheet of your passbook. It mentions your account details, as well as your branch details. You can look for the IFSC Code there.
3. RBI website: You can easily find your IFSC code by visiting the official website of the Reserve Bank of India. Look for the 'IFSC codes' tab and select your bank from the dropdown menu. If you know the name of your branch, enter it and the website will provide you with the IFSC code. If you don't know the branch name, don't worry! You can select your bank and view a list of all the branches with their corresponding IFSC codes. Just search for your branch and you will find the relevant IFSC code. Click here to visit the RBI website.
4. Bank website: Most banks offer a Branch Locator tool on their website. To use this tool, simply visit your bank's official website and find the Branch Locator tool. Once you click on it, you can search for your branch and find the corresponding IFSC code. You can also access additional information about your branch using this tool.
You can find a branch's address and details using either the branch name or the IFSC code. Simply visit your bank's website and enter the IFSC code to locate the corresponding branch. Alternatively, you can perform a quick Google search using the IFSC code to find the branch's address.
If you accidentally enter an incorrect IFSC code while making an online transfer, the funds will be returned to your account. This occurs when you transfer money to an account with an IFSC code that doesn't match the bank's database.