Find IFSC Code for Any Indian Bank Branch with SearchBankIFSCcode - Your One-Stop Destination for Online Transactions
The Indian Financial System Code, commonly known as IFSC code, is an alphanumeric code used by banks in India to identify their respective branches. This unique code is required for all kinds of online transactions, such as NEFT, RTGS, and IMPS.
IFSC codes are 11 characters long and include a combination of letters and numbers. The first four characters indicate the bank, the fifth character is always zero, and the last six characters represent the specific branch. For example, the IFSC code of the State Bank of India (SBI) branch in Connaught Place, New Delhi is SBIN0000691.
The IFSC code plays a crucial role in online transactions. It helps ensure that the transaction is directed to the right branch of the bank. Without the correct IFSC code, the transaction may fail, or the funds may be transferred to the wrong account.
At SearchBankIFSCcode, we provide a user-friendly platform to search for IFSC codes of all Indian banks. Our database includes more than 1,50,000 branches of various banks, including public sector banks, private banks, and cooperative banks.
To get started, select your bank from the drop-down list. Next, choose the state in which your bank branch is located, and then select the district. Finally, select your desired branch from the list. You can also search for the details of the bank by typing in the IFSC/MICR code in the search icon provided on the header section.
MICR stands for Magnetic Ink Character Recognition. It is a 9-digit code that is used to identify the unique bank and branch participating in Electronic Clearing System (ECS) transactions. The first three digits represent the city code, the next three digits represent the bank code, and the last three digits represent the branch code. MICR codes are printed on the bottom of cheques and demand drafts to enable faster processing of these instruments.
At SearchBankIFSCcode, we also provide other essential details about the bank branches, such as their address, phone number, and email ID. This information can be helpful if you need to get in touch with the bank for any reason, such as to inquire about a particular product or service, report a lost or stolen card, or request a new chequebook.
In addition to IFSC and MICR codes, our website also provides information on other payment systems, such as NEFT and RTGS. NEFT stands for National Electronic Funds Transfer, and it is used for transferring funds from one bank account to another. It operates on a deferred net settlement basis, meaning that transactions are processed in batches, and the settlement takes place at fixed intervals throughout the day.
RTGS, on the other hand, stands for Real-Time Gross Settlement. It is used for transferring large amounts of funds, typically above Rs. 2 lakhs. Unlike NEFT, RTGS transactions are settled in real-time, meaning that the funds are credited to the beneficiary's account immediately.
In conclusion, Our website is a comprehensive platform for all your banking needs. Whether you're looking for an IFSC code or other essential details about a bank branch, we've got you covered. Our user-friendly website makes it easy to find the information you need, and our extensive database includes all Indian banks. So, the next time you need to make an online transaction or get in touch with your bank, be sure to use SearchBankIFSCcode.