Bank IFSC Code Presented by: Vigneshkumar http://indianbankdetails.com
Introduction: • IFSC (Indian Financial System code) is the alphanumeric 11 character code provided by the RBI(Reserve Bank Of India) to all banks and their branches. • Bank IFSC code is the unique code for representing the branches of all banks in India. • First four character of IFSC code representing the bank and it is common for all branches of particular banks • IFSC code is important during the EFT( Electronic Fund Transfer)
IFSC code: • Banks use IFSC code for all kind of fund transfer like NEFT, RTGS and IMPS. • BOFA0MM6205- Bank of America- Mumbai branch. In this the first Four Digits “BOFA” represent the Bank of America and the fifth letter is zero(0) • The last 6 letters are vary for each and every branches of Bank of America. • All the Banks are advice to print the IFSC code in the cheque book issued by the bank. • Search the bank details like bank address, MICR code, SWIFT code by using the IFSC code.
Conclusion: • All the banks are recommended to print the IFSC code in the passbook. When you are using online banking for transfer money for your neighbor check Bank IFSC code from indianbankdetails.com • http://indianbankdetails.com