About IFSC Code
The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to identify bank branches in India. It is required for account transfers through NEFT, RTGS, and IMPS.
IFSC Format
- First 4 characters: Bank code (for example, SBIN for State Bank of India)
- 5th character: Always 0 (reserved for future use)
- Last 6 characters: Branch code
Example: SBIN0001234
MICR Format
- First 3 digits: City code
- Next 3 digits: Bank code
- Last 3 digits: Branch code
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