How to Search IFSC Codes of major Banks in India!
Every single bank in India is provided with a unique IFSC or Indian Financial System
Code assigned by Reserve Bank of India. IFSC is an 11 Digit Alphanumeric addressing
code that starts with four characters of the bank code. It is used for electronic
payment applications such as NEFT, RTGS, CFMS and IMPS. Using
http://www.bankifsccodesearch.com you can search through 90,000+ IFSC Codes
of 125+ banks in India. You will also get update information of IFSC of other banks
as they get assigned by RBI
Report IFSC Codes!
If you have made a mistake of transferring funds to a strangers account then you
should inform your bank. As per the RBI directions it is the sole responsibility
of the remitter to cross check holder’s name, account number, amount and other details
thoroughly. Therefore, one should check the IFSC Code of a bank before the
fund transfer. If you are still confused you can search
www.bankifsccodesearch.com that offers user-friendly search format. You
can also report them if you find errors in their data.
How can I find IFSC Code for a Bank?
For sending and receiving money, net banking and online customers have a full knowledge
about their beneficiary’s bank IFSC Code. However, the bank in which you
are transferring money must be a participant in RBI regulated EFT system. There
are many ways to find IFSC Code of any bank in India, first by the bank you are
looking for. Secondly, by branch name, locality or address or you can also try fast
search of www.bankifsccodesearch.com. If you are still unable to find IFSC Code
then you can visit RBI official website to search for a comprehensive list.
What is IFSC code?
IFSC is used by Reserve Bank of India to identify all the bank branches. By way
of identifying the source as well as destination banks the code facilitates inter-bank
electronic funds transfer. The Indian Financial System Code (also known as IFSC)
is an Alphanumeric 11 character code for identifying the bank and branch. The IFSC
code is used both by the NEFT, RTGS and IMPS finance transfer systems. While the
first four characters suggest the name of a particular bank, next is a control character
and the remaining are the identification of the branch.
What is IFSC NEFT transfer?
National Electronic Funds Transfer (NEFT) is an eco-friendly payment method
used by individual as well as organization to transfer funds from one account to
another. It is a nation-wide system that takes the form of e-cheque as it takes
a specific period of time for the amount to be transfer.
What is IFSC RTGS transfer?
Another way to receive, transfer and make payments between accounts in real-time
is RTGS or Real Time Gross Settlement. To identify the branch in which you will
transfer the funds you need an IFSC Code, however, not all branches have IFSC Codes.
What is IFSC IMPS transfer?
IMPS or Immediate Payment Service helps in accessing your bank account and transferring
funds securely and instantly. It is commonly known as Interbank Mobile Payment Service.
But if you want to transfer fun instantly you need an IFSC Code. The facility of
IMPS is provided by an organization the National Payments Corporation of India (NPCI)
that regulates retail payments in India.