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). Code has eleven characters "Alpha Numeric" in nature. The first four characters represent bank, the fifth character is default "0" left for future use and the last six characters represent branch.
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
Do you need to know which bank an IFSC code belongs to? To make sure the IFSC code is correct before sending a NEFT or RTGS payment to a bank account, use the Search by IFSC code function.
Disclaimer: To find out branch information for any Indian bank, enter its IFSC code. Find all bank branches in India with their IFSC, MICR, and addresses for NEFT, RTGS, and ECS transactions.