Copyright © 2017 VSNAP Technology Solutions Pvt Ltd | All Rights Reserved.
IFSC code, short for Indian Financial System Code, is 11 digit character or alphanumeric code used in electronic fund transfer within the different banks and their branches in India.
The IFSC or IFSC code, as its widely known, is used for the identification of different banks and branches. Out of the 11 characters, the first four are bank codes, and the last six are branch codes. This leaves out the fifth character, which is currently designated as zero and is reserved for any future use.
IFSC codes in India are used for these three primary services. IFSC also helps in the Unified Payments Interface or UPI payment system as well.
An example of an IFSC Code will be SBIN0000AABB. Where the first four denote the bank, in this instance, SBI, and the last would be the branch.
IFSC Code | MICR Code |
---|---|
The purpose of IFSC code is to help facilitate electronic transfer of funds | MICR code's purpose is to process cheques faster through ECR |
IFSC codes has 11 alpha numeric characters | MICR has 9 digit code |
The first 4 characters of IFSC is the Bank's code | The bank is signified by the 4th, 5th and 6th digits of the code |
Let's Explore the Most Frequently Asked Questions on IFSC & MICR
Indian Financial System Code is the expanded form of the IFSC code.
We can identify the Bank from the first 4 characters of the IFSC code.
An IFSC code contains alphanumeric characters.
An IFSC code contains alphanumeric characters.
The major parts of the IFSC code are the bank code and branch code.
A SWIFT code is used for transferring funds on an International level.
The major electronic payment systems in India are NEFT, RTGS, IMPS, and UPI.
The Reserve Bank of India provides a unique 11-digit IFSC code to the banks.
There is no minimum amount you can transfer under NEFT under retail banking and corporate banking
The maximum amount you can transfer under NEFT under retail banking is INR 5 Lakhs and in corporate banking it is INR 50 lakhs for Vyapaar/trade and INR 500 crores under Vistaar.
INR 2 lakhs is the amount you can transfer under RTGS under retail banking.
The maximum amount you can transfer under RTGS under retail banking is INR 5 Lakhs and in corporate banking it is INR 50 lakhs for Vyapaar/trade and INR 500 crores under Vistaar.
In a vast country like India, there are numerous cities and towns with the same name, some of them even in the same district. Thus to correctly identify the right or the proper branch, IFSC codes can help out easily by dedicating a specific code for each branch.
House For Sale in Bangalore
All Localities by city
Flats For Sale in Bangalore
Plots in Bangalore
Villas For Sale in Bangalore
New Projects in Bangalore
Ready to move Apartments in Bangalore
Agricultural land for sale in Bangalore
All Builders by city
Real Estate Blogs
Rental Sitemap
Commercial Sitemap
PG Sitemap
5 BHK Ready to Move Flats in Bangalore
5 BHK Flats/Apartments in Bangalore
Flats for 30 Lakhs in Bangalore
House For Sale in Hyderabad
Flats For Sale in Hyderabad
Plots in Hyderabad
Villas For Sale in Hyderabad
New Projects in Hyderabad
Ready to move Apartments in Hyderabad
Agricultural land for sale in Hyderabad
5 BHK Ready to Move Flats in Hyderabad
5 BHK Flats/Apartments in Hyderabad
Flats for 30 Lakhs in Hyderabad
Modern vs Traditional Interior Design Styles: A Complete Guide
Upgrade Your Dining Room Like a Pro - Without the Price Tag
The Best Pooja Room Interior Design Ideas for a Peaceful Home
Why Your Interior Design Isn’t Working: Common Mistakes Explained
Wall Shelf Design Ideas to Add Style and Maximize Your Space
Bold Kitchen Color Combos That Will Transform Your Space
Unique Colour Combinations to Refresh & Brighten Your Living Room
Wooden Carved Main Doors: Nostalgia, Design, and Timeless Charm
Trending Wooden Door Designs for Modern Indian Homes in 2025
The Art of Floor Molding Baseboard: Small Details, Big Impact
Top Color Blocking Wall Ideas to Make Your Space Truly Pop
Top Home Decor Trends in India: A Simple Guide to Style 2025
Improve Interior Comfort Using Smart & Effective Acoustic Design
Style Your Console Table: Easy and Simple Decorating Tips
Raw Materials, Refined Style: The Industrial Interior Story
How to Turn Your Hallway into a Welcoming Statement Space?
Top Color Trends for Modern Interiors to Inspire Living in 2025
The Ultimate Guide to Popular Interior Design Themes
Trending Now: Top 7 Window Curtains Styles to Refresh Your Home
Open Shelving in Kitchens: Not Just Trendy, But Transformative
The Color Duo That’s Transforming Minimalist Living Rooms
Top 10 Interior Designers Transforming Bangalore Homes in 2025
Transform Your Space by Fixing These 4 Rug Mistakes
The Timeless Appeal of Classical Interior Style in Every Room
Filling the Silence: My Perspective on Negative Space
Open Kitchen Living Room Ideas Combo: The One Must-Know Rule
Interior Trends That Aren’t Just for Instagram - Discover Them
How Can a Bay Window Quietly Transform Your Entire Home?
Pros and Cons of Vaulted Ceilings: What You Need to Know
Mix and Match: Boho Interior Design for Every Room
How to Use Pastel Colors Interior Decor to Brighten Your Space?
Eclectic Interior Design: A Style as Unique as You Are
Why Space Planning Is the Secret Sauce of Interior Design
Epoxy Flooring Designs: A Perfect Blend of Beauty and Durability
Highlighter Tiles: Transform Any Room with Color and Style
Bring Nature Indoors: Wall Planters That Wow
Carpet Cleaning: Do's and Don'ts You Need to Know
Parquet Flooring: The Timeless Trend That’s Back in Style
Track Lighting: Shine a Light on Style With Ease
How to Spot and Remove Black Molds in Your Home?
French Windows: The Perfect Blend of Functionality and Elegance
The Ultimate Wallpaper Removal Guide You Need to Read!
Why Terrazzo Flooring Is the Best Choice for Durability and Style?
From Clutter to Clean: How a Folding Wall Table Transforms Space
Why Are Homeowners Choosing Decolam Sheets Over Costly Options?
Minimalism vs. Maximalism: Finding the Perfect Design Balance in 2025
Color Palettes for 2025: Exploring Earthy Tones and Digital Brilliance
Stylish and Functional Wooden Door Designs for Every Home
Creating a Work-From-Home Haven: Design Ideas for 2025 in India
Brobdingnagian Interior Designs for Your Home
What Makes Interior Designers in Chennai Stand Out?
Top 5 Interior Designers in Hyderabad
Creating Your Dream Gaming Room: Top Wallpaper Designs
Tips for Choosing the Right Furniture
Comprehensive Guide on Top 10 Interior Designers in Kochi
10 Plants you can Easily Grow in a Bottle
Transform Your Space: Affordable PVC Wall Panel Ideas
Creative Yellow Colour Wall Paint Ideas for Your Home
10 Indoor Plants that Live Over 50 Years
What Makes Rosewood Furniture the Best Choice for Your Home?
Creative Wall Painting Ideas to Elevate Your Home Decor
Quiet luxury Interiors for Home
Stunning Exterior Wall Tile Designs for Every Home Style
Exploring the Different Types of Sliding Doors
French Interior Design Ideas For a Sophisticated Look
Biophilic Design: Transform Your Space with Nature
Achieve Zen Living: Mastering Japandi Decor Interior Design
Modern Wardrobe Designs for Every Style in 2024
7 Stylish Dressing Table Designs for Every Bedroom 2024
Stunning Wall Art Ideas for Every Room (2024)
Modern Wall Texture Designs for an Elegant Look
Latest Pooja Room Designs for Home 2024
Indian Traditional Textile Ideas for Home Decor
Tri Colour Wall Combination For Your Home
Partition Designs for Your Home that Double Your Space
Vacuum Cleaner for Home: Easy Guide
Top 10 Marble Texture Paint Designs for Interior Walls
The top stencil designs for Interior Wall Painting
Declutter the Kitchen: Easy Steps to Transform Your Kitchen
Spruce Up Your Space: Living Room Do's and Don'ts
Craft Your Study Room Simple Tips for a Neat & Productive Space
The Top 6 Wabi-Sabi Interior Design Ideas For Your Home
Sofa Cover Design Trends 2024: Find the Right Look For Your Space
Trendy Bedroom Sofa Designs - Best Sofa For Bedroom
Easy & Impactful Accent Wall Ideas
Athangudi Tiles - A Guide to History
Designer Carpets for Living Room - A Complete Guide
Why Marine Plywood is The Ultimate Choice?
White Paint for Walls - All you need to Know
Top 15 Interior Designers in Bangalore 2024
10 Best Main hall double door designs for Home
14 POP Designs for Bedroom Ceiling for An Aesthetic Appeal
Reasons to Love Matte Finish Tiles
Transform Walls with Stunning Wood Wall Tiles
15 Aesthetic & Modern Bed Designs for your Bedroom
Small Space, Big Style: Creative Small Bedroom Design Ideas
Different Kitchen Chimney Types and its Uses
Captivating Bookshelf Design Ideas to Elevate Your Space
Customize Your Kitchen Countertop Designs and Styles
15 Best Wooden Chair Design Ideas for Home
Space-Saving Comfort: Unfold Convenience with Folding Beds
Aesthetic Wooden Dining Table Designs for Home
Inspiring Two-tone Interior Wall Colour Combinations for Indian Home
Illuminate Your Space: Wall Light Designs For Stylish Decor
Unique Window Embellishment
Best Showcase Designs For Home
Iron Stairs Design: Elevate Your Space with Elegance
Modern Duplex House Designs for your Home
All About Money Plants for Home - Types, Benefits and Vastu
Aesthetic Colour Combinations for your Bedroom
Stylish TV Unit Designs for Your Home
The Ultimate Guide to Choosing Vanity Lights for Your Space
Wooden Ceiling Ideas 2024
Shoe Rack Plans
Black Granite Kitchen Countertops Design
Washbasin Designs - 2023
Houseplants for house with Fresh Air
Living Room Themes
Peacock Home Decor
Chic Home Decor a Stylish Theme
Small Bedroom Decorating Ideas on a Budget
Chairs for Your livingroom
Top 10 Indoor Water Plants For Your Home
Top Interior Design Trends to Watch in 2023
Best Interior Designers in the World
Top Indian Interior Designers and Firms
Simple Ways to Spice Up your Guest Room
All About Clerestory Windows at Home
How to Create a Zen Garden?
Open Kitchen Vs Traditional Kitchen
Amazing Rental Home Decor & Design Ideas
Top 10 Types of Granite for your Home: Flooring and Countertop
7 Bedroom Decoration Ideas on a Pocket Friendly Budget
14 Simple & Easy Showpiece Ideas for your Living Room
Benefits of Snake Plant in your Home and Office
Top Patio Designs for your Home
Top 25 Air Purifying Indoor Plants for your Home
Picture Perfect Staircase Designs
How to make your Apartment Eco Friendly?
Load Bearing Walls
Wallpaper Vs Paint - Time to Choose
Fancy Name Plates for Home
Creative Methods to lighting house naturally and beautifully
Differences between Engineered Wood and Solid Wood
Top 12 Bedroom Decor Ideas for your Home
Colour Palettes for Home
18 Best Ornamental Plants for your Home Gardens
Top 7 Dining Room Ideas and Designs for Home
Advantages of Types of Home Fragrances
8 Hacks for a Spacious Home and Bigger Home Space
Tips to Make Your Home Disabled Friendly
Marble Flooring - Types of Marble Flooring for Your Home
Latest Curtain Designs for Living Room
All about Wooden Flooring for your home
5 Easy Tips for Pest Control for Home
9 Different Types of Floor Tiles: Classy Tile Designs
Ideas for Studio Apartment Interior Designs
Stylish Easy Bathroom Renovation Hacks For Home
Simple Tips to Improve Ventilation for Home
How to Create a Green Home?
Door Designs for Home
Home Bar Ideas - 5 Simple and Brilliant DIY Home Bar Tips
Types of Windows - 17 Evergreen Window Designs for your Home!
Tips for Creating A Meditation Room
Modern Kitchen Designs - 8 Best Modern Modular Kitchen Ideas
Home theatre designs: Create your own Movie Room at Home
Types of False Ceilings-House false ceilings
Kids Room Designs- Simple Kids Room Decoration Ideas for Home
Home Library Designs for your Reading Space!
8 Different Types of Flooring
Popular Types of Indoor Lighting
Various Types of Foldable Furniture Designs
17 Low Light Indoor Plants for Home - An Amazing Garden Collection!
10 Modern Minimalist Interior Design Tips for Home
Quick and Smart Storage Hacks for Compact House Designs
12 Modern Wallpaper Designs for your Home
Trending Interior Design Ideas for Home
Copyright © 2017 VSNAP Technology Solutions Pvt Ltd | All Rights Reserved.