ifsc code finder

What does bank IFSC Code mean?


The IFSC code is the 11-digit alphanumeric code that helps identify the individual bank branch participating in various online money transfer options like NEFT and RTGS. It is mentioned on the cheques issued by the bank. However, you can also check bank IFSC code online as well.

IFSC code is mostly needed sudden when you have to transfer money to someone. That someone can be your friend or any family member or anyone else. The code can be tracked with the help of few details such as Bank’s name and branch address. Also, the vice versa is possible. You can track the branch address with the help of this code.

There is another code-MICR code which has an altogether different purpose. In this article, we have covered the basic understanding of IFSC code finder and MICR code.

The Concept of IFSC

IFSC Code stands for Indian Finance System Code. This is the code that defines the branch of the respective bank to which one transfers money to. The code usually contains eleven characters out of which, the first four digits refer to the bank code and the last six digits representing the branch code. The fifth character is zero. It has been kept as zero because the RBI has instructed them to do so for future use if needed.

What is MICR Code?

MICR stands for Magnetic Ink Character Recognition which can be found on the cheque leaves. It is used for funds transfer to other banks in a secured manner. This character is in a format that is readable only the banks, through which transactions can be processed in a hassle-free manner.  The MICR is of 9 characters, out of which the first three digits represent the city, second set of three digits represent the bank code and the last three digits represent the relevant branch code.

What are the components of an IFSC Code?

The Indian Financial System Code or the IFSC Code as it is commonly called a unique identification given to every branch of a particular bank so that sending money through NEFT (National Electronic Fund Transfer) or RTGS (Real Time Gross Settlement) becomes easier and reaches the right branch. The features of an IFSC are mentioned below:

  • It is an 11 digit code that contains alphabets and numerals
  • The first four codes pertain to the bank
  • The fifth character is always Zero, as per RBI instructions, as it can be used in the future if needed.
  • The last 6 digits the branch codes (These can contain letters and numbers).

What is the importance of Bank IFSC Code?

The IFSC is a very important code, as it is the code which determines if funds reach a particular branch or not. Many transactions have failed in the past in spite of entering the correct account number, mobile number and other details, purely because their IFSC codes were wrong. The RBI has instructed that all branches of all banks (nationalized and private) should print their IFSC codes on their cheque leaves as well, to make it easier for transactions.


Kunal Jaiswal is an SEO, blogger and shared his experience by providing advanced and valuable information about Home Improvement, Business, Health, Automotive and Fashion subjects which help readers to get more awareness.

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