Indian Bank IFSC Code Finder | Bank | State | District | Branch
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All RBI approved Indian Bank IFSC Codes List!If you seek information regarding bank accounts in India, your search ends here on our website. We provide a comprehensive and user-friendly database of all RBI-approved IFSC codes in India, ensuring that your quest for information is thorough and effortless.Search IFSC
What is IFSC code?
IFSC stands for the Indian Financial System Code, a vital component for identifying bank branches that engage in the NEFT (National Electronic Funds Transfer) system. Each IFSC codes is an exclusive 11-character alphanumeric combination used specifically for NEFT and RTGS transactions.
In an IFSC codes, the initial four characters signify the bank's name, and the subsequent six characters designate the branch of that bank. Ordinarily, the 5th character in the IFSC code is '0' (zero), with exceptions being observed for SBBJ and SBHY branches.
For instance, if you intend to initiate a funds transfer via NEFT from the Mumbai branch of Bank of Baroda, you must input the IFSC code as BARB0MUMBAI, where '0' represents zero.
What are NEFT and RTGS?RTGS and NEFT are two electronic fund transfer systems that streamline interbank fund transfers in India. RTGS enables real-time transfers between banks, ensuring immediate transfer of funds from one bank to another. In contrast, NEFT facilitates fund transfers between banks, but these transactions occur on a non-real-time basis.
The primary distinction between these two fund transfer methods lies in their processing times. RTGS transactions are processed almost instantly, offering prompt transfer of funds. On the other hand, NEFT transactions may take up to 2 hours to reach completion, as they do not operate in real-time.
Locating Your Bank's IFSC Code on Cheque Leaves
Typically, banks include the IFSC code of their branches on the cheque leaves they issue to their customers. Nevertheless, if you are unable to locate the IFSC code on your cheque leaf, you can easily obtain it by reaching out to your bank or by visiting its official website.
Understanding an NEFT-Enabled Bank Branch
To initiate fund transfers through NEFT, the bank branch you are using needs to be NEFT-enabled. This designation indicates that the branch has been linked to the central NEFT network by the Reserve Bank of India (RBI). You can ascertain whether a specific bank branch is NEFT-enabled by consulting the list of NEFT-enabled bank branches published by the RBI on its official website.
NEFT Transfer Limits
The Reserve Bank of India imposes no maximum limit on the amount that can be transferred using NEFT. However, individual banks may have their own prescribed limits for NEFT transactions. To determine the specific limits applicable to your bank, it is advisable to contact your bank directly.
Transferring Funds Internationally
NEFT is not suitable for transferring funds to individuals in foreign countries. To send money abroad, you must utilize the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system. SWIFT is a global network designed for banks to exchange information concerning financial transactions across international borders.Read More
is ifsc code branch code ?
No, the IFSC (Indian Financial System Code) is not the same as the branch code. The IFSC code is a unique alphanumeric code used in India to identify a specific bank branch participating in electronic fund transfers. It includes information about the bank, the branch location, and is used for online transactions, like NEFT, RTGS, and IMPS. Branch codes are often part of the IFSC, but they are not the same thing. The branch code typically identifies a specific branch within a bank, whereas the IFSC code is a comprehensive code that includes branch information as part of its structure.
is ifsc code safe to share?
Sharing your IFSC (Indian Financial System Code) is generally safe, as it is used for routing electronic fund transfers within the Indian banking system. It's a necessary piece of information when conducting online transactions like NEFT, RTGS, and IMPS. However, you should exercise caution and only share your IFSC code with trusted individuals or entities for legitimate financial transactions.
Be cautious about sharing additional sensitive information, such as your bank account number, password, or PIN, as these details can be used for unauthorized access or fraud. Always verify the authenticity of the recipient and the purpose of the transaction before sharing any financial information.