IFSC Code is a unique eleven digit code for the purpose of identifying bank branches in India. Some times it is difficult to identify banks by using place name, the coding system is very useful even if there are multiple branches are there in the same location for the same bank. It is an alpha numeric number First four character representing the banks code ,the next character reserved as control character Presently zero appears in the fifth position and remaining six characters to identify branches.IFS Code is required for RTGS & NEFT fund transfer
How to find out the IFSC code of the bank
RBI has advised banks to print IFS Code in the cheques leaves .Otherwise Code can be available by contacting your bank branch.
