IFSC Full Form

What is full form of IFSC

IFSC Full Form

The Full Form of IFSC is the Indian Financial System Code. Eleven digit character alphanumeric code to identify the branch of any bank in India. anyone can easily identify or detect a bank and its branch from the IFSC code. This code is displayed on the cheque book and required at the time of transferring money from one bank account to another bank account through NEFT, RTGS & IMPS. To identify the IFSC code of any bank.

Following information needed to search any IFSC code:
  • Bank's name
  • State's name where the bank is located
  • District's name
  • Branch's name or address

The IFSC Code is assigned by RBI to detect banks and their branches which provide the facility of NEFT, IMPS & RTGS. It allows RBI to process transactions hasslefree and blunders. RBI can transact and maintain all online transactions of  NEFT, RTGS, and IMPS through IFSC code.The IFSC code mainly contains eleven characters. First four letters contain the name of the bank and last seven letters contain the branch number. For example:
 The IFSC code of BANK OF INDIA THANE is BKID0000043.

Here "BKID" indicates the name of the bank and "0000043" indicates the branch number.
IFSC code is used to transfer money from one bank account to another bank account. IFSC plays an important role to facilitate the smooth functioning of electronic banking.

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