👉IFSC Code (Indian Financial System Code) is an alpha numeric code, it is used for electronic funds transfer like RTGS (Real Time Gross Settlement) and NEFT (National Electronic Fund Transfer).
👉The IFSC code is an 11 character code in which the first four characters represent the name of the bank, the fifth character is 0 (zero). and the last six characters (usually numbers, but can be alphabets) indicate the branch.
- IImportant Information about FSC Code:-
👉The ifsc code is printed on the passbook of your account.
👉Ifsc code is also printed on your check book.
👉RBI Bank website has a list of ifsc codes of all banks.
👉The full name of IFSC code is “Indian Financial System Code”.
👉Every bank has a different ifsc code.
👉The ifsc code of a bank is the same for every account holder of that bank. (E.g. If there is an HDFC bank in one area, its IFSC code is the same for all account holders of that bank, while an HDFC bank in another area has a different ifsc code.)
👉Every bank’s ifsc code is 11 digits long.