All Banks are extremely helpful with all bank details in one app. you’ll be able to realize simply all Indian bank’s branch codes like IFSC Code.
What is IFSC Code ?
IFSC stands for Indian Financial System Code. It is an alphanumeric code that uniquely identifies a bank branch within the National Electronic Funds Transfer (NEFT) network in India. The Reserve Bank of India (RBI) assigns this code to each bank branch to facilitate electronic funds transfer and other online transactions.
The IFSC code is typically 11 characters long and includes both letters and numbers. The first four characters represent the bank, the fifth character is always ‘0’, and the last six characters uniquely identify the specific branch. For example, in the IFSC code “SBIN0001234,” “SBIN” represents State Bank of India, “0” is a control character, and “001234” identifies the particular branch.
When making online transactions or transferring funds electronically, providing the correct IFSC code ensures that the money reaches the intended recipient’s bank branch accurately. It is an essential component for seamless and secure interbank transactions in India.
Nishakant joshi –
Satisfactory and easy to handle. Nice information