IFSC helps uniquely identify the bank and the branch where the beneficiary account is located. It ensures that the funds are transferred to the correct bank account and avoids any errors or delays in the process. Let’s understand this via an IFSC code example. IFSC for the Nariman Point bra...
Bank Code: The first four alphabets represent the bank. For example, PUNB for Punjab National Bank, and SBIN for State Bank of India. Zero: The gift character of an IFSC code is always a ‘0’, used as a separator. Branch Code: The last six characters are numeric, and uniquely ...
Format: AAAABCCXXX First 4 characters (AAAA): Bank code 5th character (B): 0 (zero) Last 6 characters (CCXXX): Branch code Example: AIRP0000001 (airtel payment bank ifsc code) The IFSC (Indian Financial System Code) uniquely identifies bank branches for electronic payments in India, ensuri...
Find IFSC Code for Banks in India is to start by the Bank you are looking for. You can further filter List of IFSC Codes by State, District and City. Or you may directly key in first few characters of Branch Name, Locality or address.
Bank customers can also visit the banks’ official website to find the IFSC code of a particular bank. Benefits of IFSC Code The following is the list of benefits of IFSC Code are: Identification of a Bank and its respective branch
As few banks use branch code as a part of the account number while others use some other format.Your IFSC Code Can’t be determined by your account number.For example, if you want to shift your branch from one area branch to another area branch.In that scenario your account number will...
Find SWIFT Codes, IFSC Codes, MICR No & BSR Codes to do neft, rtgs online transactions of sbi, icici bank, hdfc bank, pnb, axis bank, andhra bank, bob, union bank all Bank Branch and Find SWIFT Code International Banks Branchs Address for NEFT RGTS sbi i
The SWIFT code is 8 or 11 characters, Example: BBBBUS3M489 BBBB 4 letters: Institution Code or bank code. US 2 letters: ISO 3166-1 alpha-2 country code 3M 2 letters or digits: location code If the second character is "0", then it is typically a test BIC as opposed to a BIC ...
IFSC Code Structure First 4 characters:Bank code (e.g., HDFC, ICIC) 5th character:Always 0 (zero) Last 6 characters:Branch code Example: HDFC0001234 Uses of IFSC Code NEFT (National Electronic Funds Transfer) RTGS (Real Time Gross Settlement) ...
SWIFT Code How to find the SWIFT Code? Difference Between Swift Code And IFSC Code IFSC Code IFSC or Indian Financial System Codeis a special 11 digit code given to every bank branch in India. For example, the IFC code of SBI Main branch in Kolkata is given the code SBIN0000001. When ...