IFSC

Indian Financial System Code

IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems like NEFT, RTGS, and IMPS.

The IFSC code consists of a 4-letter bank code, a zero, and a 6-character branch code. It's essential for domestic electronic transfers within India and can be found on cheque books and bank statements.

Related Terms

Routing Number

ABA Routing Transit Number

A routing number is a nine-digit code used in the United States to identify financial institutions. ...

SWIFT Code

A SWIFT code is an 8 or 11-character code that uniquely identifies banks and financial institutions ...

RTGS

Real-Time Gross Settlement

RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...

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