What is mean by IFSC CODE of Bank?
IFSC Code means by the Indian Financial System Code, it’s assigned by RBI which is an eleven-character code to identify every branch of the bank. This IFSC Code is used by electronic payment transfer such as NEFT, RTGS, UPI and CFMS.
The IFSC Code is having 11 characters. The first part is the alphabet character, second is zero and the third is branch code.
- First four alphabet characters representing the Bank.
- Second character is 0(zero), which is reserved for future use.
- Second is the last six characters are the branch code.
To Find IFSC Code of any branch follow the instructions below.