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.

1. WHAT IS IFSC CODE
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2. 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?

3. IFSC CODE: PUNB 0 392500
THE 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

4. 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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