In an IFSC code, the first four characters indicate the name of the bank. In the MICR code, a combination of the fourth, fifth and sixth digit indicate the bank code. In IFSC, the last six characters represent the branch code. In the MICR code, the last three digits indicate the bank branch code.
The IFSC Code or Indian Financial System Code is a code assigned to a bank or a branch of the bank to identify its location.
The IFSC code is a unique 11-digit code assigned to each bank branch in India for the purpose of electronic funds transfer. The first four digits represent the bank, the next ‘0’ represents any future use, and the last 6 digits represent the individual branch number within that bank.
The Indian Financial Code & Standards Board (IFSCB) is an independent body that has been set up to develop, maintain, and promote the uniformity of the financial codes and standards in India. The IFSCB ensures that all financial institutions adopt a standardized approach to their business processes.
IFSC stands for Indian Financial System Code. It is a unique eleven-digit code consisting of both alphabets and numerals. NEFT, IMPS, and RTGS transactions can be facilitated by using IFSC code. This code usually appears on the cheque book a bank will give you when they open an account with them. You can also find this, which is displayed on the first page of your account passbook.
If you are looking for the IFSC code to bank details, then you are in the right place and this tool is for you.
To know the bank details of a company and have the company's IFSC code. The first step, in order to find any bank details using its IFSC number, one needs to know where this information can be found on their website.
Once you have found the IFSC code, visit our IFSC code to bank details tool in order to find out more about their bank details.
