IFSC Code Indian Bank

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. It is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same.

According to the bank's annual report for the financial year 2016-17, 117 branches and 574 ATMs/BNAs were opened during the year to touch 6037 delivery points, including 2,679 brick and mortar branches and 3,358 ATMs.

IFSC Code stands for Indian Financial System Code. IFSC Code 11-digit alphanumeric code according to bank branch wise.

Real-time gross settlement (RTGS) systems are specialist funds transfer systems where the transfer of money or securities[1] takes place from one bank to any other bank on a "real-time" and on a "gross" basis.Settlement in "real time" means a payment transaction is not subjected to any waiting period, with transactions being settled as soon as they are processed. "Gross settlement" means the transaction is settled on a one-to-one basis, without bundling or netting with any other transaction. "Settlement" means that once processed, payments are final and irrevocable.


IFSC Code Topics Covered

  • IFSC Code Introduction

  • RTGS Code & RTGS Form

  • IFSC Code Bank Lists

  • Search the IFSC Code and Other Bank Details

  • IFSC Code Api and Validation for Developer

  • IFSC Code Question and Answer


IFSC Code


IFSC Code Introduction

IFSC Code's first four alphabetic characters representing the bank name, fifth character is zero and the last six characters representing the branch.

IFSC Code's that bank branch wise unique, so using that we transfer the funds in India like Real Time Gross Settlement (RTGS)National Electronic Fund Transfer (NEFT) And Immediate Payment Service (IMPS) systems.

Real Time Gross Settlement System (RTGS) introduced in 2004 and National Electronic Funds Transfer System (NEFT) introduced in year 2005 work on the basis of Indian Financial System Code (IFSC).


RTGS Code & RTGS Form

RTGS Code are usually operated by a country's central bank as it is seen as a critical infrastructure for a country's economy. Economists believe that an efficient national payment system reduces the cost of exchanging goods and services, and is indispensable to the functioning of the interbank, money, and capital markets. A weak payment system may severely drag on the stability and developmental capacity of a national economy; its failures can result in inefficient use of financial resources, inequitable risk-sharing among agents, actual losses for participants, and loss of confidence in the financial system and in the very use of money.

RTGS Code does not require any physical exchange of money, the central bank makes adjustments in the electronic accounts of Bank A and Bank B, reducing the balance in Bank A's account by the amount in question and increasing the balance of Bank B's account by the same amount. The RTGS Code is suited for low-volume, high-value transactions. It lowers settlement risk, besides giving an accurate picture of an institution's account at any point of time. The objective of RTGS Code by central banks throughout the world is to minimize risk in high-value electronic payment settlement systems. In an RTGS Code, transactions are settled across accounts held at a central bank on a continuous gross basis. The settlement is immediate, final, and irrevocable. Credit risks due to settlement lags are eliminated. The best RTGS national payment system cover up to 95% of high-value transactions within the national monetary market.

RTGS Code are an alternative to systems of settling transactions at the end of the day, also known as the net settlement system, such as the BACS system in the United Kingdom. In a net settlement system, all the inter-institution transactions during the day are accumulated, and at the end of the day, the central bank adjusts the accounts of the institutions by the net amounts of these transactions.

There are several reasons for central banks to adopt RTGS Code.


IFSC Code Bank


IFSC Code Bank Lists

IFSC code bank wise unique starting prefix keyword so it's easy to identify the bank from IFSC code.


IFSC Code SBI

IFSC Code SBI is 11 digits long and first four characters 'SBIN' that's represented the SBI Bank and fifth character is fixed zero and last six characters represent the specific branch of SBI.

Example as below:
Here I explain Keshod, Junagadh, Gujarat IFSC Code SBI. IFSC Code is SBIN0060052. First four characters of the IFSC Code 'SBIN' for SBI bank, The fifth character of the IFSC Code '0' is fixed for reserving by RBI bank last six characters of the IFSC Code '060052' is represented keshod branch.


IFSC Code BOB

IFSC Code BOB is 11 digits long and first four characters 'BARB' that's represented the BOB and fifth character is fixed zero and last six characters represent the specific branch of BOB.

Example as below:
Here I explain Keshod, Junagadh, Gujarat BOB's IFSC Code. IFSC Code is BARB0KESJUN. First four characters of the IFSC Code 'BARB' for BOB, The fifth character of the IFSC Code '0' is fixed for reserving by RBI bank last six characters of the IFSC Code 'KESJUN' is represented keshod branch.


IFSC Code Dena Bank

Dena Bank IFSC Code is 11 digits long and first four characters 'BKDN' that's represented the Dena Bank and fifth character is fixed zero and last six characters represent the specific branch of Dena Bank.

Example as below:
Here I explain Keshod, Junagadh, Gujarat Dena Bank's IFSC Code. IFSC Code is BKDN0310107. First four characters of the IFSC Code 'BKDN' for Dena Bank, The fifth character of the IFSC Code '0' is fixed for reserved by RBI bank last six characters of the IFSC Code '310107' is represented keshod branch.


IFSC Code ICICI Bank

ICICI Bank IFSC Code is 11 digits long and first four characters 'ICIC' that's represented the ICICI Bank and fifth character is fixed zero and last six characters represent the specific branch of ICICI Bank.

Example as below:
Here I explain Keshod, Junagadh, Gujarat ICICI Bank's IFSC Code. IFSC Code is ICIC0001379. First four characters of the IFSC Code 'ICIC' for ICICI Bank, The fifth character of the IFSC Code '0' is fixed for reserving by RBI bank last six characters of the IFSC Code '001379' is represented keshod branch.


IFSC Code HDFC Bank

HDFC Bank IFSC Code is 11 digits long and first four characters 'HDFC' that's represented the HDFC Bank and fifth character is fixed zero and last six characters represent the specific branch of HDFC Bank.

Example as below:
Here I explain Keshod, Junagadh, Gujarat HDFC Bank's IFSC Code. IFSC Code is HDFC0001691. First four characters of the IFSC Code 'HDFC' for HDFC Bank, The fifth character of the IFSC Code '0' is fixed for reserving by RBI bank last six characters of the IFSC Code '001691' is represented keshod branch.


IFSC Code Kotak Bank

Kotak bank IFSC Code is 11 digits long and first four characters 'KKBK' that's represented the Kotak Bank and fifth character is fixed zero and last six characters represent the specific branch of Kotak Bank.

Example as below:
Here I explain Keshod, Junagadh, Gujarat Kotak Bank's IFSC Code. IFSC Code is KKBK0000883. First four characters of the IFSC Code 'Kotak' for Kotak Bank, The fifth character of the IFSC Code '0' is fixed for reserving by RBI bank last six characters of the IFSC Code '000883' is represented keshod branch.


Search the IFSC Code and Other Bank Details


Search the IFSC Code and Other Bank Details

You have the only bank name and get the details of IFSC code, MICR code, Barch address and branch contact number using below link you get all the details
Click here get branch details


IFSC Code Api


IFSC Code Api and validation for developer

Developing the IFSC Code regarding system using below link you get the code for IFSC Code Api

Click here get IFSC Code Api

Now days, many websites using the input of IFSC Code so for validation the IFSC code correct or wrong using below regular expression for verify the correct IFSC Code

^[A-Za-z]{4}0[A-Z0-9a-z]{6}$


IFSC Code Question and Answer


IFSC Code Question and Answer

  • How can I get IFSC code from account number?

  • How is IFSC code created?

  • What is IFSC code example?

  • What is the full form IFSC?

Above all question's answer covered by this topic. Kindly read carefully for getting your answer.


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