2. Introduction:
• IFSC (Indian Financial System code) is the alphanumeric 11
character code provided by the RBI(Reserve Bank Of India) to
all banks and their branches.
• Bank IFSC code is the unique code for representing the
branches of all banks in India.
• First four character of IFSC code representing the bank and it is
common for all branches of particular banks
• IFSC code is important during the EFT( Electronic Fund Transfer)
3. IFSC code:
• Banks use IFSC code for all kind of fund transfer like NEFT,
RTGS and IMPS.
• BOFA0MM6205- Bank of America- Mumbai branch. In this the
first Four Digits “BOFA” represent the Bank of America and
the fifth letter is zero(0)
• The last 6 letters are vary for each and every branches of Bank
of America.
• All the Banks are advice to print the IFSC code in the cheque
book issued by the bank.
• Search the bank details like bank address, MICR code, SWIFT
code by using the IFSC code.
6. Conclusion:
• All the banks are recommended to print the IFSC code in the
passbook. When you are using online banking for transfer money for
your neighbor check Bank IFSC code from indianbankdetails.com
• http://indianbankdetails.com