IFSC Code Search - Indian Banks

IFSC Code finder website will help you to search for IFSC code of banks in India. This tool will help you to easily select IFSC code by selecting bank, state, city and branch name. Or you can collect bank details using ifsc code search.

Find IFSC Code using Bank Locator

What is IFSC Code?

IFSC Code stands for Indian Financial System Code, it contains 11 characters. This number is given by RBI to every bank’s branch separately which are in NEFT system. This code is used by electronic fund transfers such as RTGS, NEFT and IMPS. The 11 alpha-numeric characters are printed on the cheque book for the banks supported by NEFT.

Use of  IFSC Code

IFSC Code is simply a code which acts like a routing number for banks.  IFSC code is  necessary for user initiated fund transfer methods. It is almost impossible to transfer funds without knowing IFSC code along with other bank details.

IFSC code can help you recognize the specific regions which participate in online payments system through an alphanumeric unique code. So, you can identify the branches which can do RTGS and NEFT which can help customers in monetary settlement.

There are different values assigned in IFSC code which signifies different meanings. In the IFSC code, the first four characters denote the name of the bank while the fifth character is a ‘0(zero)’ which is kept for future use, and the last six alphabetic or numeric characters denote the specific branch of the bank.


So, when you expand MICR code it opens to Magnetic Ink Character Recognition. You can see MICR on your cheques, in a white band at the bottom of the cheque. One of the interesting features about MICR code is that, it lets you do international transactions as well. It prevents a customer from any sort of monetary fraud by increasing the security in the transactions. This has been launched by RBI to facilitate the process of NEFT by making it easy and fast.

The system of MICR has been used since ages protecting the customers from frauds and cheats. The code of MICR is inked down with a special ink which cannot be copied and is determined under a special magnetic scanner. It very well eases down the processing of cheques.

MICR contains 9 digit numbers which is unique identity of the cheques. In 9 digits, the first three shows the city, the next three denote the bank and the last three show the branch.

Difference between IFSC code and MICR?

MICR code is only applicable when the payment is to do with cheques while IFSC code facilities online transactions through NEFT and RTGS. So, it is quite apparent that the use of IFSC and MICR are for different ways of doing payments. With the advent of technology based transaction, IFSC is dominating the monetary market. Since people have gained access to internet and technology, so they are increasingly using IFSC to send money to distant places. The time required to send the money depends on bank to bank. So if you are sending money from one branch to another branch of the same bank, it will take very less time.

What is NEFT and RTGS?

NEFT stands for National Electronic Fund Transfer(NEFT) and Real Time Gross Settlement(RTGS). These are gateways which allow individuals to send money from within same banks and different banks. Both are almost same, but there is slight difference in a user  point of view. Minimum transfer amount for RTGS is limited to Rs. 2 lakh where there is no  limit for NEFT.

What is IMPS?

Immediate Payment Service (IMPS) is an instant inter-bank electronic fund transfer service. This is widely used service in these days which avoid waiting period of IMPS. IMPS transfers are done very  quickly, that you will get confirmation within 5 minutes or less in most of cases.

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