Ifsc code example. Let’s look at a sample: HDFC0000240.
Ifsc code example May 29, 2024 · FAQs What is an example of the IFSC? The IFSC example for Axis Bank, Dadar-Mumbai Branch is UTIB0000124. IFSC (Indian Financial System Code) is an 11-digit alphanumeric code that uniquely identifies all banks Jan 9, 2024 · The first 4 characters of IFSC are alphabets and represent the bank; for example, the IFSC of HDFC Bank will begin with ‘HDFC. The IFSC code is made up of 11 characters. An example of an IFSC code is SBIN0RRAPGB. Let’s understand this via an IFSC code example. If you paste/type the last six characters of an IFSC in any browser’s search box with the bank’s name, you will be able to get details of the bank branch easily. Oct 4, 2023 · IFSC codes have 11 digits alphanumeric code that are absolutely unique by nature. By selecting IFSC code, you will be redirected to the detail screen with all details of IFSC code including branch and phone number. With IFSC Code, online money transfer has become easier and hassle-free. IFSC for the Nariman Point branch of DBS Bank is DBSS0IN0811, where DBS represents the bank name, 0 is for future use, and IN0811 denotes the branch code. See the format, examples, and methods to find the IFSC code of any bank branch. g. 4 days ago · An IFSC code is an 11-character unique identifier assigned to bank branches participating in the NEFT, RTGS, and IMPS payment systems in India. Nov 6, 2024 · Learn what IFSC code is, how it works, and why it is important for online money transfers in India. 1. IFSC Code example. Example of a Typical IFSC Code. . The Reserve Bank of India assigns the IFSC codes to banking institutions. For instance, the IFSC code for the Saket branch of the State Bank of India is SBIN0008442, where "SBIN" denotes the bank, and "0008442" signifies the Saket branch. Understanding IFSC Codes. e. ’ IFSC Code example BBBB - First 4 characters - bank code (only letters) R - Next 1 characters - The fifth character is 0 (zero) and reserved for future use. It is used to identify the bank’s branches for RTGS, NEFT, UPI, IMPS and assigned by RBI to each branch of the bank that supports RTGS, NEFT,UPI and IMPS payment systems. The IFSC code of banks is usually used by the NEFT and the RTGS systems, enabling the mechanism to channel and route the required messages to the banks' destination branches. Feb 19, 2025 · These codes are typically printed on bank cheque books. First four characters: The first four characters are used to identify the bank. Use above IFSC code finder by selecting state, city, bank and finally IFSC code. Learn what IFSC codes are, how to find and use them for electronic payments in India, and how to check their validity. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems. HDFC = Bank name (HDFC Bank) 0 = Standard fixed character; 000240 = Branch code (e. Think of it as a GPS coordinate system for your money – it helps financial institutions precisely locate the destination branch for your transactions. In the 11-digit SBI IFSC Code, the first four letters 'SBIN' stands for the name of the bank i. See examples of IFSC codes for different banks and branches, and compare with SWIFT codes. R - Next 1 characters - The fifth character is 0 (zero) and reserved for future use. com Learn what IFSC codes are, how to search for them, and why they are important for electronic fund transfers in India. BBBB - First 4 characters - bank code (only letters). IFSC is an acronym for Indian Financial System Code. Let’s look at a sample: HDFC0000240. , Fort Branch, Mumbai) Every bank branch has a unique IFSC code, so double-checking the code when making fund transfers Oct 30, 2024 · It ensures that the funds are transferred to the correct bank account and avoids any errors or delays in the process. How is the IFSC written? The first 4 characters of the code represent the bank’s name, the fifth character is always 0, and the last 6 characters are the code of the branch. See examples of IFSC codes for different banks and branches across the country. To know how IFSC works while transferring money, let’s take an example here. For example, the IFSC of the HDFC Bank in Digboi, Assam is ‘HDFC0001980. The next character '0' is for future reference, while the remaining six characters represent the specific branch code of the bank. 1 day ago · The last 6 characters (SBIN001234) represent the specific branch code. If you don’t have the correct code, your transfer could end up in the wrong place, or fail to go through. See full list on wise. What is the IFSC code? The IFSC code is a unique identifier that is assigned to all major bank branches in India. The fifth character is often zero and would often be reserved for any future use. The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. ’ The fifth character following the bank’s representation is a ‘0,’ which is followed by the branch’s unique 6-digit code. Given is an example of an IFSC code of ICIC Bank, Navsari branch in Dec 19, 2017 · This IFSC code is just an example for one branch of ICICI Bank, and before making any money transfers, you should consult with your bank to ensure you have the correct IFSC code for the recipient. The IFSC code of HDFC Saket, New Delhi branch is HDFC0000043. , State Bank of India. In the For example, in the IFSC ‘HDFC0000035,’ HDFC represents the HDFC Bank and ‘000035’ represent the branch code of the HDFC Bank in Sector 35B in Chandigarh. RBI has assigned these codes to the bank branches to perform NEFT, RTGS and IMPS fund transfer easily. Example: ICIC0000206. pjoevgptuvcwlhpjnqnuddxnsbcmajvihnlamcsamlq