IFSC Full Form
The IFSC complete form is the Indian Financial System Code. This is a unique code of each bank branch.
IFSC is the identification number of each bank branch required to exchange money. It is an 11 digit code provided by the Reserve Bank of India to each bank branch. With the help of this code, the Reserve Bank of India can get complete information about any branch. What is IFSC, how is it used? Information related to this is being given to you in detail on this page.
IFSC – Indian Financial System Code
This is an 11 digit code, in which the first four digits provide information about the bank, the fifth digit is 0, which is fixed for future use, i.e. when new bank branches are opened; at that time, this digit is used. It can be done. The last six digits provide information about the addition of the bank. Information about the location of the branch can also be obtained through this code. IFSC is supplied in each checkbook; bank employees can get complete details about it by looking at your check.
The IFSC is 11 characters alphanumeric code, with the 1st four digits identifying the bank name, the 5th is numeric (kept 0), and the last six digits represent the bank branch name.
Why Need and Use of IFSC?
IFSC is required to transfer money from one account to another; if you want to exchange money in your account, you can do it through RTGS and NEFT. You will need IFSC; without IFSC, you cannot exchange money; if you send money through net banking, you will need IFSC to add the beneficiary.
How to know IFSC?
When you have to transfer money to someone through a digital medium, when you need an IFSC, you can get this information in this way.
- Website You can get information about the IFSC of your branch by visiting your bank’s website; apart from this, there are many websites, which provide you IFSC of all bank branches in India, you can get its information from there.
- Bank Branch You can get this information by going to your bank branch, from there you will get complete details about it in simple words.
- Cheque Book If you are using a checkbook, then you can get information about IFSC from there.
- Passbook If you are using a passbook, then you can get information about IFSC from there.