What Is IFSC Code

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what is ifsc code

• Payment Gateway

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What is IFSC code? - An IFSC code is a unique
identification code that is used to identify the
bank and branch of any particular bank account
and is used in bank transfer systems like NEFT,
RTGS, and IMPS. IFSC stands for Indian Financial
System Code and forms an essential part of the
Indian banking infrastructure.Every code
contains 11 alphanumeric characters. The first
four characters are alphabets and used to
identify the bank name the last six characters
are numeric or alphanumeric and used to indicate
the branch code. The fifth character in the code
is zero and always remains constant for all codes.

• What is an IFSC code?

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IFSC Code PUNB 0 392500The first four
characters are PUNB, which refers to Punjab
National Bank. The last six characters refer to
the particular branch of the bank, which in this
case is Mahalakshmi Layout Branch,
Bangalore.IFSC codes are allotted by the
Reserve Bank of India (RBI) and these codes are
unique, meaning that no two banks or branches can
have the same code.

• Example of IFSC code

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Your IFSC Code can be visibly printed on the top
of the cheque page, while the MICR Code can be
seen printed on the bottom side of the same.
Also, the IFSC, as well as the MICR Code, can
also be found on the first page of your passbook
that is provided by the respective bank branch.

• How to search for IFSC code?

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