Check which bank an IFSC code belongs to by inputting your IFSC code of the bank Use this Search by IFSC code feature and double-check the IFSC code before making a NEFT or RTGS transfer to a bank account.
What is IFSC?
- Full Form: IFSC stands for “Indian Financial System Code.”
- Unique Identification: Each bank branch in India is assigned a distinct IFSC code.
- Electronic Transactions: IFSC codes are used to identify specific bank branches, ensuring secure and efficient electronic funds transfer.
- 11-Digit Code: IFSC codes consist of 11 characters, combining both letters and numbers.
- Regulated by RBI: The Reserve Bank of India (RBI) oversees and assigns IFSC codes to standardize banking transactions across the country.
- Online Banking: IFSC codes are integral to online banking and are required for various transactions, including NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service).
- Location Specific: Each IFSC code uniquely corresponds to a specific bank branch, aiding accurate identification.
- Swift Fund Transfers: IFSC codes ensure swift and error-free fund transfers between different banks and branches in India.
Structure of an IFSC code
- The First Four Characters: These represent the bank’s name. For example, “HDFC” for HDFC Bank or “ICICI” for ICICI Bank.
- The Fifth Character: This is always a zero (0) and is reserved for future use.
- The Last Six Characters: These identify the specific branch of the bank.
Importance of IFSC Code
- Electronic Funds Transfer: IFSC codes are crucial for initiating secure electronic fund transfers, ensuring accurate routing to the recipient’s bank branch.
- Online Transactions: In online transactions, IFSC codes uniquely identify bank branches, facilitating error-free and precise money transfers.
- NEFT and RTGS Transactions: IFSC codes are mandatory for NEFT and RTGS transactions, enabling seamless interbank transfers with precision and efficiency.
- IMPS Transactions: For Immediate Payment Service (IMPS), IFSC codes are essential to specify the recipient’s bank branch, ensuring real-time fund transfers.
- Bank Verification: IFSC codes aid in verifying the authenticity of bank details during transactions, preventing errors and ensuring funds reach the intended destination accurately.
Locating Your IFSC Code
There are several ways to find the IFSC code you need:
- Chequebook or Passbook: This is the most common method. Look for the IFSC code printed on the top portion of your cheque leaf or the first page of your bank passbook.
- Net Banking or Mobile Banking App: Most banks allow you to access your IFSC code through their online banking or mobile banking platforms. Look for a dedicated section for account details or branch information.
- Bank’s Website: Many banks provide a search tool on their website where you can enter your branch details or bank account number to retrieve the corresponding IFSC code.
How Does the IFSC Code Finder Work?
The IFSC system operates as follows:
- Initiating Transactions: When you initiate an electronic transaction (such as NEFT or RTGS), you provide the recipient’s bank branch’s IFSC code.
- Routing: The IFSC code helps route the transaction accurately to the intended bank branch.
- Verification: It also aids in verifying the authenticity of bank details during transactions, preventing errors.
Search by IFSC Code – FAQs
Can we find bank using IFSC code?
Yes, you can find the bank and its branch using the IFSC code. The IFSC code is an 11-character code where the first four characters represent the bank, the fifth character is a default “0” left for future use, and the last six characters represent the branch.
How to check branch name by IFSC code?
You can check the branch name using the IFSC code by entering it into a branch locator tool available on banking websites or financial service websites. The last six characters of the IFSC code represent the branch.
How do I know if my IFSC code is correct?
You can verify the correctness of an IFSC code by using online tools provided by banking or financial service websites. You can also check your bank’s official website, cheque book, or account statement.
How many digits is an IFSC code?
An IFSC code is 11 characters long. The first four characters are alphabetic and represent the bank, the fifth character is a default “0”, and the last six characters, which could be alphanumeric, represent the branch.