The Indian Financial System Code (IFS Code or IFSC) is an

alphanumeric code Alphanumericals or alphanumeric characters are a combination of alphabetical and numerical characters. More specifically, they are the collection of Latin letters and Arabic digits. An alphanumeric code is an identifier made of alphanumeric ch ...

that facilitates

electronic funds transfer Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of b ...

in India. A code uniquely identifies each bank branch participating in the three main

Payment and settlement systems in India Payment and Settlement Systems in India are used for financial transactions. They are covered by the Payment and Settlement Systems Act of 2007 (PSS Act), legislated in December 2007 and regulated by the Reserve Bank of India and the ''Board for R ...

: the

National Electronic Funds Transfer National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Bankin ...

(NEFT),

Real Time Gross Settlement Real-time gross settlement (RTGS) systems are specialist funds transfer systems where the transfer of money or securities takes place from one bank to any other bank on a "real-time" and on a " gross" basis. Settlement in "real time" means a payme ...

(RTGS) and

Immediate Payment Service Immediate Payment Service (IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24x7 throughout the year in ...

(IMPS) systems.

Format

The IFSC is an 11-character code with the first four

alphabetic An alphabet is a standardized set of basic written graphemes (called letters) that represent the phonemes of certain spoken languages. Not all writing systems represent language in this way; in a syllabary, each character represents a syllab ...

characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use. Bank IFS Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches. The format of the IFS Code is shown below.

Lists of IFS Codes

Bank-wise lists of IFS Codes are available with all the bank-branches participating in inter bank electronic funds transfer. A list of bank-branches participating in NEFT/RTGS and their IFS Code is available on the website of the

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...

.National Electronic Funds Transfer
Reserve Bank of India All the banks have also been advised to print the IFS code of the branch on

cheque A cheque, or check (American English; see spelling differences) is a document that orders a bank (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The pers ...

s issued by branches to their customers.

References

* https://www.npci.org.in/national-automated-clearing-live-members-1 * https://rbidocs.rbi.org.in/rdocs/RTGS/DOCs/RTGEB0815.xlsx * https://rbidocs.rbi.org.in/rdocs/content/docs/68774.xlsx

External links

Find IFSC of Banks' Branches
on Reserve Bank of India's Website
List of NEFT Enabled Bank Branches
(with IFSC) on Reserve Bank of India's Website {{Banking in India Banking in India Real-time gross settlement E-commerce in India Financial routing standards Standards of India

Format

Lists of IFS Codes

See also

References

External links