Indian Financial System Code (IFSC) is an alphanumeric 11-digit code which is help to perform
electronic fund transfer from one bank account to another account in India. This is a unique
Bank in India so every Bank can be recognised uniquely by this code.
This code is used by Bank in three payment settlement system:
IFSC is 11-digit alphanumeric code, each character is important for some identification of any
The first 4-digits are always an alphabet and represent the Bank Name (we can say it Bank Code).
The fifth digit is now reserved for any future used, so today it is always 0 (zero).
The last six-digits (may be digit or alphabet) represent the branch of a Bank.
|Bank Code||0||Branch Code|