Bank IFSC Code, MICR Code List of All banks in India is given below. Click to find out more about the bank and its services. To find details of different banks, use the form below. All you need to do is know the name of your bank and branch. Just use the box to enter the bank name and select the branch accordingly. The drop-down list will then help you find the correct IFSC Code of your bank branch. You can also get the complete details of all the branch by entering Bank IFSC.
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IFSC Code, MICR code List of all banks in India is given below. Click for more information about the bank and its services. To find details of other banks, use the form below.
Bank IFSC Code (IFSC: Indian Financial System Code)
It's an 11-digit alpha-numeric code which uniquely identifies a bank-branch engaging in any RBI regulated funds transfer system. This code is used at the time of online fund transfer facilities like NEFT (National Electronic Fund Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment System). The first 4 digits of the IFSC represent the bank and the last 6 characters signify the branch. The 5th character is zero.
How Can You Find the IFSC Code Using the bankcodeinfo.com?
All you need to do is know the name of your bank and branch. Just use the box to enter the bank name and select the branch accordingly. The drop-down list will then help you find the correct IFSC Code of your bank branch. You can also get the complete details of all the branch by entering Bank IFSC & MICR Codes.
- >You can search for the IFSC code on the cheque and passbook provided by the bank
- >By visiting the website of the respective bank
- >Search for IFSC code at RBIâ€™s website
- >Find IFSC code easily on the bankcodeinfo.com website. Select Bank, State, District, and then branch.
What are the features of the IFSC Code and its importance?
IFSC code helps identify a bank's branch.Â It's an important tool that makes various online banking operations simple and hassle-free.Â IFSC allows instant fund transfer, and error-free NEFT and RTGS transfer of cash with quick validation and verification to the clients.Â Some attributes of IFSC are recorded as follows:
- >IFSC enables easy branch location and identification
- >Eases digitalization of bank operations
- >Quick transfer of funds
What are the methods of online fund transfer using the IFSC Code?
IFSC code is used to transfer funds online by using three primary quick payment methods in India such as IMPS, NEFT, and RTGS.Â These three fund transfer techniques may be used through internet banking or mobile banking.
NEFT - NEFT means National Electronic Fund Transfer is an electronic payment system used in India for quick interbank transfer of funds.Â Under NEFT, the fund transfer time can vary between 1-2 hours.Â The key advantages of NEFT are there is not any limit on the minimum and maximum amount transaction and is offered by all banks in India.Â
The money transfer occurs between 8 AM to 6:30 PM from Monday to Fridays and 8 AM to 1 PM on working Saturdays.Â There are fees on NEFT fund transfer that vary from bank to bank.Â The fees are in the range of Rs. 2.5 to Rs. 25 and GST depending on the transaction amount.
RTGS - RTGS means Real Time Gross Settlement is among the quickest interbank money transfer facility in India.Â It allows the transfer of money on a real-time basis within 1 hour.Â As per RBI, there's a minimum transaction limit of Rs. two lakh.Â This facility can be found on RTGS allowed bank branches.Â The fund can be transferred on bank working days between 8 AM to 4 PM from Monday to Friday and working Saturdays.Â A charge of around Rs. 60 and GST is levied on fund transfer depending on the transaction amount.
IMPS â€“ IMPS means the Immediate Payment System is an electronic money transfer facility where the money is transferred to the beneficiary's account within a few seconds. IMPS fund transfer is secure and uses a two-step verification process to perform transactions. There is no minimum limit on fund transfer but the maximum limit is different for different banks. This facility is available when a customer has a mobile banking or internet banking facility. The fund can be transferred 24*7 hassles free even on bank holidays. The charges attached to this facility are up to Rs. 15 plus GST depending upon the fund transfer amount.