IFSC Code Search

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What is an IFSC Code?

IFSC (Indian Financial System Code) is an 11-digit alphanumeric code that uniquely identifies all the banks participating in the online fund transfer process and their respective branches.

IFSC code is assigned to each bank branch by Reserve Bank of India (RBI) to monitor the online transfer of money. Electronic or online transactions for transferring funds through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement) and IMPS (Instant Payment System) cannot be initiated without a valid IFSC Code. IFSC code Search

Format of IFSC Code

Easy Online Fund Transfer: IFSC code enables convenient and hassle free transfer of funds from one bank account to another. The use of IFSC code is mandatory for facilitating all electronic or online transfer of funds (IFSC code Search) through NEFT, RTGS or IMPS. IFSC code Search

Monitoring Transactions: IFSC codes are used by RBI to keep a regular track of all banking transactions, thereby reducing the possible chances of any discrepancy in the fund transfer process. Unique Identification: IFSC code helps in unique identification of all the banks and their respective branches, hence helping the customers to avoid any possible error

Removal of errors: IFSC code helps the users to carry out the fund transfer process securely, hence eliminating the potential possibility of any fraudulent activity in the online fund transfer process. IFSC code Search

IFSC Code : Some Key Features

  • Helps to uniquely identify a specific bank branch
  • Helps eliminate errors in the fund transfer process
  • Used for all electronic payment options like NEFT, RTGS and IMPS

Importance of IFSC Code

The importance and benefits of the Indian Financial System Code (IFSC) are as follows:

1. The code uniquely identifies a specific bank branch, hence helping (IFSC code Search) customers avoid any possible mistakes during online transfer of funds via NEFT, RTGS or IMPS.

2. The customer does not need to visit the branch for any financial transfer, hence can opt for online money transfer with the help of IFSC code. Therefore, it is a convenient and eco-friendly option. With the help of IFSC Code, all online transactions including payment of bills can be processed easily. IFSC code Search

3. The code is used by RBI to monitor all online transactions done by an individual, thereby eliminating the possibility of any discrepancy in the fund transfer process.

Difference Between Bank IFSC Code and Credit Card IFSC Code

In case of bank IFSC code, it varies from branch to branch. However, the credit card IFSC code of a particular bank is the same across the country.

Some of the credit card IFSC Code details are given below:

BankIFSC
HDFC BankHDFC0000128
CitibankCITI0000003
Axis BankUTIB0000400
HSBC BankHSBC0400002
Punjab National BankPUNB0112000
IDBI BankIBKL0NEFT01
Yes BankYESB0CMSNOC
IndusInd BankINDB0000018
State Bank of IndiaSBIN00CARDS

Methods to transfer money by using IFSC Code

NEFT, RTGS और IMPS का उपयोग करके धन के electronic या online transfer में IFSC Code का उपयोग अनिवार्य है. यह ध्यान दिया जाना चाहिए कि NEFT और RTGS payment services को Reserve Bank of India (RBI) द्वारा पेश किया गया था, जबकि IMPS service NPCI (National Payments Corporation of India) द्वारा पेश की गई थी. 3 main payment service जिसके माध्यम से funds का online transfer शुरू किया गया है, उनमें NEFT, RTGS और IMPS शामिल हैं.

Payment ServiceNEFTRTGSIMPS
ProcessProcess is based on Deferred Net Settlement (DNS) and the transfer of funds will be carried out in  half-hourly batches starting from 12:30 am to 12:00 amPayment process in which the money is credited in the beneficiary’s bank branch in real-time and on gross basisReal-time and instant interbank fund transfer process, IMPS is considered a secure & faster mode of fund transfer
Minimum Transfer LimitRe.1Rs.2 lakhRe.1
Maximum Transfer LimitNo limitNo limitRs.2 lakh
Operational TimingsAvailable 24x7, 365 days (including bank holidays)7 am to 6 pm on all working daysAvailable 24x7, 365 days (including bank holidays)
Inward Transaction ChargesNo chargesNo chargesDecided by individual member banks and PPIs

How to search for IFSC Code?

IFSC Code Search Tool by Techjugut.com

For the convenience of your customers, visit the IFSC Code Search Tool page provided by Tech Jugut and follow the steps listed below:

1. Go to the page and select the particular bank
2. Select state, city and bank branch IFSC code will be displayed on the right side of the page along with all the required details
3. Also users have the option to search the bank by IFSC code.

How to search IFSC Code from Internet Banking?

To know the IFSC Code from Internet Banking, you have to first login to Internet Banking, there you will see the IFSC Code in your profile. Internet banking will have to be made, through this you can easily find out IFSC code. IFSC code Search

How to search for IFSC Code Form Mobile Banking

To know the IFSC Code from Mobile Banking, you have to first login to Mobile Banking, there you will see the IFSC Code in your profile, if you have not yet created or used Mobile Banking, then first of all you (IFSC code Search) will have to login to your Bank. Internet banking will have to be made, through this you can easily find out IFSC code.

What is MICR Code?

Magnetic Ink Character Recognition (MICR) is a 9-digit code that helps in identifying a particular bank branch which is part of the Electronic Clearing System (ECS). This code can be found on the check leaf issued by the bank and is usually printed on the passbook issued to the account holder. IFSC code Search

The main purpose of MICR code is to clear the checks deposited in the machines. It also helps to avoid code errors.

MICR or Magnetic Ink Character Recognition Code is a 9 digit code used for faster processing of cheques. MICR Number is also unique for each bank branch, hence it helps in uniquely identifying the bank and the branch participating in the Electronic Clearing System (ECS). IFSC code Search. MICR code like IFSC is a combination of 3 essential components.

MICR Code Format

The first three digits of the code represent the city, the next three digits represent the bank code, and (IFSC code Search) the last three digits represent the bank branch code. For example, the MICR code for SBI branch in Kolkata is '700002021'. Here, '700' represents the city, '002' represents the bank, and '021' represents the bank branch.

Examples of MICR Code

Bank NameBranch NameMICR Code
SBIBailey Road, Patna800002006
HDFCAnjuna, Goa403240035
Bank of BarodaService Branch Bangalore560012001
Axis BankDefence Colony, Delhi110211036
Canara BankCircle Office, Chandigarh160015995

IFSC Code Search

IFSC codes are the basic unit of any online inter-bank money transfer in India and are the surefire way to validate all such transactions. With the right knowledge of IFSC codes, sending and receiving money online becomes simple and fast, as intended. IFSC code Search

There are many resources available online that help you in finding the IFSC Code for the particular requested bank. And let's face it- you can only check on that when effecting online transactions. Similarly, BankBazaar provides a comprehensive tool to help you in quick and accurate IFSC code search.

For what purpose MICR Code is used for?

  • You are already on this page because you read these instructions, scroll to the top of this page.
  • Spread before you is a simple 'IFSC & MICR Code Directory', which is a versatile tool to help you locate IFSC codes as per the need. The tool includes the following fields- 1) Select Bank, 2) Select State, 3) Select District, and 4) Select Branch.
  • Please make appropriate selections with respect to the name of the bank, the Indian state where the bank branch is located, the specific district of the state and finally, the branch concerned.
  • In answer to your question, the resulting page lists the IFSC code, MICR code, official address and phone number of the bank. All this happens in less than 30 seconds from your initial query.
  • MICR or Magnetic Ink Character Recognition Code is a character recognition technology used by the banking industry to streamline the processing and clearance of checks and other documents.
  • The primary requirement of the code is to certify the originality and validity of paper based documents in the banking system and is mainly used on cheques.
  • MICR code is equivalent to IFSC, where transfer of funds using NEFT or IMPS is concerned IFSC code Search
  • The technology helps the banking officers, who are the MICR readers, to scan the check and read the information directly through the system.

How to find MICR Code from IFSC Code?

  • Go to the IFSC Code Search Tool page of Tech Jugut.
  • Enter IFSC Code of the specific bank branch and click on "Get Details".
  • The MICR code along with the branch name, address and contact number will be displayed on the right side of the page.

Basic Differences of IFSC & MICR Code

IFSC CodeMICR Code
IFSC is a 11-digit alphanumeric number.MICR is a 9-digit code.
IFSC is used to facilitate electronic money transfer between banks that operate in the country.MICR is used to make cheque processing simpler and faster.
In an IFSC code, the first four characters indicate the name of the bank.In the MICR code, a combination of the fourth, fifth and sixth digit indicate the bank code.
In IFSC, the last six characters represent the branch code.In the MICR code, the last three digits indicate the bank branch code.

Basic Information of Swift Code

  • Swift code consists of 8 or 11 characters.
  • Used to facilitate international credit transfer between two banks.
  • Approved by International Organization for Standardization (ISO)
  • First 4 characters represent bank code, next 2 represents country code, 5th and 6th characters represent location code, last 3 are optional which represent branch code.

How Can One Transfer Money with IFSC Code of Bank Account?

If the person knows their way about banking transactions, they already know that there are two main forms of fund transfer. There is an old-fashioned physical method, in which you go to the bank and deposit the check. While the other is the electronic method using methods like IMPS, NEFT or RTGS.

While dealing in the old school 'going-to-the-bank' manner, one is not required to register a beneficiary. However, the electronic method is a little different and much more secure.

To transfer funds with the help of technology, one needs to fulfill the following requirements:

  • The person needs to be registered for the net banking service of the bank.
  • Required to register for third-party transactions. (Note that, in this context, third-party refers to a beneficiary of a different bank than you.)
  • Registering the account of the beneficiary to which the money is to be transferred.

What is CIF Number?

CIF (CIF- Customer Information File Number) is called Customer Information File. This is a unique number, which is given to every bank account holder. IFSC code Search According to experts related to the banking sector, this number contains the complete (IFSC code Search) horoscope of the bank account holder. By entering this number, complete details of the customer are available. If you do not have a CIF number then it is not difficult to get it. This work can be done both online and offline.

The full form of CIF is Customer Information File (Customer Information File). It includes all the personal information of the bank account owner. IFSC code Search

CIF number is also called customer information file. This is such a unique number that every bank account holder gets. The CIF number contains the complete information of the bank account holder. As soon as it is entered, the complete details of the account holder are available.

Customer Information File contains valuable banking related information of the account holder in digital format. IFSC code Search Each file is assigned a unique number which pertains to each bank customer.

It is an 11 digit number used by banks to decode information about loans, demat and KYC of their customers.

This code cannot be changed simultaneously with accounts. The number is specially coded to contain all the information regarding loans, demat and personal information.

CIF number helps various banks to track their customer information of different accounts at one place. This can avoid confusion and fraudulent activities while availing the loan

It includes information such as vital statistics, account balances or transaction information and type of account customer to serve various administrative purposes. It provides information on various activities of the customer at one place. The CIF number can now be found in electronic format as well as on relevant documents.

CIF number can be considered similar to Aadhar card number. Aadhar number gives unique identity while it provides banking information to the customers along with a unique code.

Frequently Asked Questions (FAQs)

What is IFSC Code and what is IFSC Code full form?

The full form of IFSC is Indian Financial System Code. It refers to an 11 digit code which is alphanumeric in nature and is meant to facilitate the electronic fund transfer mechanism in India wherein each code is there to identify the banks which will participate in the RTGS and NEFT systems. But are used in India. IFSC code Search

Why is IFSC Code is used?

IFSC or Indian Financial System Code is an 11-digit alphanumeric code used by Reserve Bank of India to uniquely designate all bank branches within the National Electronic Funds Transfer (NEFT) network.

How to search for bank name by IFSC code?

Very easy to find bank name using IFSC code. The first four letters of the IFSC code represent the name of the bank. So, if the name of the bank is ICICI, the IFSC code will look something like ICIC0001420. IFSC code Search

How to know bank name from IFSC Code?

Users can easily know the name of the bank by IFSC code by looking at the first 4 characters of the code. For example, in the code "ICIC0002634", it is clear by looking at the first 4 characters that the code is an example of the IFSC Code of ICICI Bank.

Is CIF number same as IFSC code?

Both the CIF number and the IFSC code consist of 11 characters but serve different purposes. While IFSC code is used to facilitate electronic or online fund transfer through NEFT, RTGS or IMPS, CIF number is a digital or virtual file that contains all the important banking details of the account holder and all the valuable banking information of the account holder. it occurs. in digital format. IFSC code Search

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How to identify branch code from IFSC Code?

It is easy to find branch IFSC code online. In an 11-character IFSC code, the last 6 characters represent the specific branch code. IFSC code Search

What happens if one uses the wrong IFSC code?

While transferring funds, if the remitter enters the wrong IFSC code, the money will be debited from the remitter's account but will not be credited to the beneficiary's account due to wrong IFSC code. For example - If the beneficiary's account is with SBI and wrong IFSC code belongs to any other SBI branch, then the bank will make an internal settlement and the money will be credited to the beneficiary's account only. In case the wrong IFSC code is of any other bank, the sender should submit an application with his/her bank details and transaction ID at his/her bank branch. IFSC code Search

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