What is IFSC code for Indian bank?

Indian Financial System Code
The Indian Financial System Code (or IFSC) is an 11-digit alpha-numeric code assigned by the Reserve Bank of India to identify every bank branch participating in the payment system uniquely. This code is used by electronic payment system applications such as RTGS, and NEFT.

Is IFSC code only for India?

The code helps in identifying the bank and its branch easily without any discrepancy in the money transfer process. The code also makes the process of transferring money easier and faster. But this code is only useful if you are receiving or sending funds within India.

Is IFSC code 11-digit?

Indian Financial System Code (or more commonly known as IFSC code) is an 11-digit alpha-numeric code used to uniquely identify bank branches within the National Electronic Funds Transfer (NEFT) network by central bank.

What is a bank code in India?

The bank code is a three digit code number allotted to the bank on an all-India basis. A list of 3 digit bank code numbers allotted to banks alongwith the three letter abbreviation (alpha code) to the respective bank is furnished in Annexure VI.

How do I find my Boi IFSC Code?

If you have a bank account with Bank of India, then you can see the IFSC Code of your home branch printed on your cheque book. It is also mentioned on the front page of your passbook. You can use Bank of India IFSC code for any electronic transfer through RTGS, NEFT or IMPS at your ease.

Is IFSC and IFS code same?

Format. 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. Bank IFS Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches.

Is RTGS and NEFT same IFSC code?

IFSC code is used for the electronic payment applications like NEFT and RTGS, thus it is also known as the NEFT or RTGS code. Therefore, both are same and can be referred interchangeably.