IFSC Full Form
What is IFSC ?
The full name of IFSC Code is “Indian Finance System Code”. Which is the unique code of each bank branch. This is an 11 character code. Which RBI (Reserve Bank of India) has given the same IFSC Code to each branch.
Because of which RBI can easily get the address of any branch in India. This code has been given to the same branch which facilitates the bank’s NEFT Transaction system. IFSC Full Form
This code is used in Electronic Payment, here are the names of some electronic payments such as RTGS, NEFT and CFMS. And one thing is the misconception of such people that people call it IFSC Code. But its last character ‘C’ itself tells a code in itself. So this is the misconception of such people.
IFSC Full Form
The full name of IFSC Code is “Indian Finance System Code”.
IFSC is an eleven character alphanumeric code that is used to identify each branch of each bank in India. Anyone can easily identify a bank and its branch from the given IFSC code. IFSC code is on the check book and is required to transfer money through National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS). IFSC Full Form
To get IFSC code of any bank, you must have the following information.
- Name of bank
- Name of the State where the Bank is located
- Name of district
- branch name or address
IFSC Code is assigned by RBI to identify the banks and their branches which offer NEFT, RTGS and IMPS facility. Each bank branch has its own unique IFSC code that allows users to do electronic funds transfer and ensure that your money is credited to the correct account. IFSC Full Form
IFSC Code Format
IFSC code consists of 11 characters in total. The first 4 alphabetic characters tell about the name of the bank and the last 7 digits tell about the individual branch of the bank. for example:
The IFSC Code of SBI BAKHIRA is SBIN0003361.
Here “SBIN” refers to the name of the bank and “0003361” refers to the branch. IFSC code is used to transfer money from one branch to another through RTGS or NEFT. IFSC Full Form
How to find IFSC Code ?
Any customer who wants to do online funds transfer, or wants to transfer money to any other bank or same bank, then he will need IFS code to do so.
Where and how can you find IFSC?
- The IFS code appears on the check books and account passbooks of all the account holders.
- As RBI allots IFSC to various banks and branches, you can also find the IFS code on the RBI website.
- You can also find the IFS Code from the website of a particular bank. Also Read SIM Full Form
- You can also find some IFSC locators on various online platforms where you have to select the particular bank and then the IFSC Code appears.
From Bank Account Passbooks
This is the easiest way. To get IFSC Code, if you see the first page of your bank account, then you will get the IFSC Code there along with some facts like account number, address, branch code, name of the account holder. IFSC Full Form
As there is a picture below, you are easily getting to know there. If this method also seems difficult, then you will find another way below, you can also find out. Well the next method is not for everyone.
From Check Books
You must have known that becoming a check book is not a matter of everyone, yet if you have a check book, then you can find out your IFSC from there too. So how to get?
Although there are many banks, but the check book of every bank looks different. Like in some banks this IFSC code is above and in some it is below. You just have to look at your check carefully, somewhere you will get to see the IFSC Code, I have given a picture below to understand better.
How to find IFSC Code from website
- First of all open any browser on your mobile (Chrome, Operamini, UC)
- And open this website IFSC Codes Website or you can click on this link.
- There select the name of the bank like State Bank Of India IFSC Full Form
- After that select State
- Select Distirct IFSC Full Form
- Now finally enter the branch name and click on submit
Also Read OTG FULL FORM
You will get your IFSC Code and with it you will also get all the other details of the branch.
Why do we need IFSC code?
IFSC is an eleven character alphanumeric code that is used to identify each branch of each bank in India. Anyone can easily identify a bank and its branch from the given IFSC code. IFSC code is on the check book and is required to transfer money through National Electronic Fund Transfer (NEFT) or Real Time Gross Settlement (RTGS). IFSC Full Form
To get IFSC code of any bank, you must have the following information.
- Name of bank
- Name of the State where the Bank is located
- Name of district
- branch name or address
IFSC Code is assigned by RBI to identify the banks and their branches which offer NEFT, RTGS and IMPS facility. Each bank branch has its own unique IFSC code that allows users to do electronic funds transfer and ensure that your money is credited to the correct account. IFSC Full Form