IFSC

IFSC (Indian Financial System Code) is an 11-character alphanumeric code assigned to every bank branch in India that participates in electronic payment systems like NEFT, RTGS, and IMPS. It uniquely identifies a bank and its branch to ensure accurate routing of funds in online transfers.

Structure:

• First 4 characters → Bank code (e.g., HDFC, SBIN).
• 5th character → Always “0” (reserved for future use).
• Last 6 characters → Branch code.

Example

IFSC: HDFC0001234

• HDFC → Bank name (HDFC Bank)
• 0 → Reserved digit
• 001234 → Specific branch code