The document discusses the Indian Financial System Code (IFSC), which is a unique 11-character code used to identify specific bank branches in India for electronic fund transfers like NEFT and RTGS. It provides a brief history of IFSC, established by the Reserve Bank of India in 1935 and nationalized in 1949, along with its features and benefits for smoother and quicker banking transactions. The document also outlines how to find IFSC codes and gives an example to illustrate its structure.

1. UNIVERSITY OF MYSORE
GOVT. FIRST GRADE COLLEGE
FOR WOMEN
HOLENARASIPUR
TOPIC:- INDIAN FINANCIAL SYSTEM CODE
SUBMITTED TO,
SUNDAR B N
ASST. PROF& COURSE
CO-ORDINATOR
GOVT. FIRST GRADE COLLEGE FOR WOMEN
HOLENARSIPURA
SUBMITTED BY,
KEERTHANA H P
1ST M.COM.
GOVT. FIRST GRADE COLLEGE FOR
WOMEN
HOLENARSIPURA
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2. IFSC
INDIAN FINANCIAL
SYSTEM CODE

4. Hello!
I am keerthana H P
I am here because I love to give presentations.
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5. It controls Inter- bank
money transfer all over the
banks in India through
RTGS and NEFT . It was
established in April 1st 1935
and nationalized in 1949.
Who is introduced / when was
started IFSC :-
In India, it’s by Reserve
Bank of India (RBI)
which has authority
control any financial
business entity run in
India.
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6. INTRODUCTION :-
You must be familiar with the term IFSC code if you have transferred
funds to an other account. IFSC codes are used to make money transfers
and you must have noticed the IFSC code printed on bank check books .
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
transfers systems like NEFT, RTGS, and IMPS.

7. MEANING :-
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.
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8. How to find IFsc code?
 One every check leaf and on the bank passbook.
 One can go to the official website of the RBI and
check the IFSC codes of banks and the list of
branches.
 One can also visit the official website of the
specified bank to know the IFSC codes of it’s
various branches.
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9. Example of IFSC code :-
IFSC CODE: PUNB 0392500
The first four characters are PUNB, which
refers to Punjab National Bank. The last six
characters refers to the particular branch of
the bank, which in this case is Mahalakshmi
Layout Branch, Bangalore.
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10. FEATURES OF IFSC :-
1. It uniquely identifies a specifics bank branch
based on the code assigned to it.
2. Eliminates errors in the fund transfer
procedures.
3. Facilitates all electronic payment services
such as NEFT, RTGS, and IMPS.
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11. Benefits of IFSC :-
 It may
financial
transaction
smoother.
 It speed up
the funds
transferring
process.
 Bills and other
payments.
 Online banking
made possible.
 Faster transfer of
funds.
 Prevents frauds and
errors.
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13. conclusion
An IFSC Code is an 11 digit alphanumeric code that
helps to uniquely and unambiguously identify a
specific bank branch in India. This is very useful for
the purposes of online banking and money transfers
within the Indian banking system.
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14. Thanks!
Any questions?
You can ask me…
To clear your doubts ….
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