Indian Financial System Code (IFSC)

It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI) read more...

List of IFSC Code, MICR Code and Addresses of all Banks in India

 
 
 
 

-- Bank details --

IFSC:
Bank Name:
Branch Name:
City:
District:
Branch Address:

IFSC Codes by Popular Banks

SBI New Delhi IFSC Code

Bank: SBI Bank (State Bank of India)

IFSC Code: SBIN0001537

MICR Code: 110002022

Branch: Connaught Place

District: New Delhi

State: Delhi

Address: B 37 By 38, Second Floor, Inner Circle Connought Circus, New Delhi

ICICI Karnataka IFSC Code

Bank: ICICI Bank

IFSC Code: ICIC0006561

MICR Code: 560229057

Branch: Bangalore M.G. Road

District: Bangalore

State: Karnataka

Address: 11-C, Mittal Towers, M.G. Road, Bangalore, Karnataka

Axis Maharastra IFSC Code

Bank: AXIS Bank

IFSC Code: UTIB0000373

MICR Code: 400211033

Branch: Goregaon (East)

District: Greater Mumbai

State: Maharashtra

Address: Manish Chambers, Commercial Complex CTS. 87/A, Sonawala Road

IFSC Codes in India

What is an IFSC Code?

IFSC is an acronym for Indian Financial System Code. IFSC code is a unique eleven-digit number which is a combination of alphabets and numerals. It is used to transfer funds online for NEFT, IMPS and RTGS transactions. Usually, the IFSC code can be found on the cheque-book provided by the bank. It can also be found on the front page of the accountholder’s passbook. The IFSC code of each bank branch is assigned by the Reserve Bank of India. The accountholders can easily check the IFSC code of their bank/branch on the Reserve Bank of India’s website. Internet banking transactions for transferring funds, using NEFT, IMPS and RTGS, can’t be initiated without a valid Indian Financial System Code.

Generally, there isn’t any change or update in the 11-digit IFSC code. Recently, the State Bank of India changed Indian Financial System Code of its branches all over the nation after the merger with five associate banks and 1 other bank.

The Importance of IFSC code

The points mentioned below highlight the importance of IFSC code.

  1. Unique Identification- It helps in identifying a particular bank branch
  2. Elimination Errors It helps to eliminate any discrepancy in the fund transfer process.
  3. Electronic Payments Made Easier- It used in electronic payment tools such as RTGS, IMPS, and NEFT.

Format for Bank IFSC Code

In an IFSC code, the first four characters are alphabets which denote the bank name. Hence, the IFSC code of each branch of the same bank will begin with the same four letters. The fifth character is a zero.

The remaining six characters are digits or numbers which denote the branch code. This is the part which makes an IFSC code unique.

A

B

C

D

0

1

2

3

4

5

6

Bank Code

0

Branch Code

How does IFSC CODE work?

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).

IFSC code is an eleven-character code that is assigned by the Reserve Bank of India (RBI). The first portion of the code is composed of four letters representing the bank. Next character is zero that is reserved for future use. The last 6 characters are the identification code of the branch.

Let’s take an example:

IFSC Code of State Bank of India (SBI) starts with letters ‘SBI’. As there are a lot of banks with several branches, the IFSC code is used to identify the branch involved in the transaction.

IFSC codes are vital while carrying out payment transactions including RTGS, NEFT transfers. Like, for SBI, the IFSC Code will be SBIN0011569 for the branch located in Sector 31, Gurugram.

How to know the IFSC Code?

It is simple. If you have an account with any branch of any bank, you will automatically get to know its IFSC code as it is printed on the passbook.

However, if you want to know the code without creating an account, you can do so via the internet. There is an official website of IFSC code where you can know all about this code.

How to search for the IFSC Code of a particular Bank's Branch

Abbreviated as Indian Financial System Code, IFSC is an 11-digit alphanumeric code that is used to identify the bank branches that participate in various electronic monetary transactions like NEFT or RTGS. One can find the IFSC code either in his/her bank passbook or on the chequebook. The image below can help you understand better.

One can search for the IFSC Code of any bank branch by visiting the official website of a particular bank or by calling on their helpline number. For instance, if you want to know HDFC bank South Delhi branch code:

  1. You can call the branch over the phone and ask the IFSC Code
  2. As said before, you can find it on the chequebook or passbook given by the bank
  3. You can find IFSC codes on RBI’s official website as well. It is mentioned with the list of banks participating in the RTGS/NEFT network
  4. Apart from the above, third-party websites like www.bank-ifsc-codes.in also helps you find the required information. To get the IFSC code of HDFC Bank, visit HDFC bank IFSC code page of www.bank-ifsc-codes.in/. Click on the tab ‘Search HDFC Bank code by Branch’. Make the relevant selection by clicking on the drop-down menu and enter the required details like state, district, branch. Once you submit this information, the entire details of that particular bank branch will appear in front of you.

We have tried our best to keep the latest information updated as available from RBI, users are requested to confirm information with the respective bank before using the information provided. The author reserves the right not to be responsible for the topicality, correctness, completeness or quality of the information provided. Liability claims regarding damage caused by the use of any information provided, including any kind of information which is incomplete or incorrect, will therefore be rejected.