The IFSC is an 11-character code with the first four alphabetic 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.[2] The format of the IFS Code is shown below.
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.[3] All the banks have also been advised to print the IFS code of the branch on cheques issued by branches to their customers.
Banking in India
Institutes | Central bank | |
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Regulation | |
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People | |
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Buildings | - Reserve Bank of India Staff College
- RBI Monetary Museum
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Subsidiaries | |
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Think tanks | |
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Speciality banks | |
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Other | |
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Public-sector banks | |
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Private-sector banks | |
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Foreign banks | Wholly owned subsidiary (WOS) | |
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Wound up/closed (or in process) | |
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Small finance banks | |
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Payments banks | Surrendered licencees | |
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Wound up | |
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Cooperative banks | |
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Regional Rural Banks | |
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Defunct banks | Merged | |
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Wound up | |
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Failed | |
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Liquidated | |
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Networks | |
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Cards | |
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Online transfers | |
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Payment service providers | |
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Related topics | Protocol and codes | |
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Rates and ratios | |
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Regulators | |
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Insolvency, bankruptcy and reconstruction | Boards | |
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Legislation | |
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Companies | - ARCIL
- Edelweiss ARC
- IAMCL
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Legislation | - Banking Regulation Act, 1949
- Government Securities Act, 2006
- IBC, 2016
- NaBFID, 2021
- RBI Act, 1934
- SARFESI Act, 2002
- Income-tax Act, 1961
- Companies Act, 2013
- Insurance Act, 1938
- FEMA, 1999
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Tribunals | |
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Measures | |
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Other | |
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