The IFSC Code is known as the Indian Financial System Code which is unique 11 character code for identifying the banks and branches across the world. IFSC Code plays a vital role in the Banking sector for all types of financial transactions securely. IFSC Code of varies according to respective branches over different Cities. IFSC Code helps in identifying the right bank and right branch to transfer the money easily.
The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely identifies a Bank-Branch participating in the two main Electronic Funds Settlement Systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) systems. IFSC is used by the NEFT & RTGS systems to route the messages to the destination banks/branches. Bank-wise list of IFSCs is available with all the bank-branches participating in interbank Electronic Funds Transfer. List of bank-branches participating in NEFT/RTGS and their IFSCs is available on the website of RBI & www.ifscswiftcodes.com also.