Bank IFSC CodeIFSC is short for Indian Financial System Code and represents the 11 digit character that you can usually see on your bank’s cheque leaves, or other bank sponsored material.
This 11 character code helps identify the individual bank branches that participate in the various online money transfer options like NEFT and RTGS.IFSC stands for Indian Financial System Code.
It is a 11-digit alpha-numeric code that uniquely identifies a bank branch participating in any RBI regulated funds transfer system.
The IFSC code helps to transfer money using RTGS, NEFT or IMPS method.
The first 4 digits of the IFSC represent the bank and last 6 characters represent the branch.
Electronic funds transfer in India is facilitated by an alpha-numeric code called the Indian Financial System Code (IFS Code or IFSC).This code exclusively recognises each bank branch which participates in the two main settlement and payment systems in India, namely, National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS).