IFSC Code
 

   
 


Indian Financial System Code

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IFSC
 : Indian Financial System Code. The Payment Systems such as
National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS)  & Centralized Funds Management System (CFMS) used IFS Codes. IFSC developed by the Reserve Bank of India.


The code consists of 11 Characters : (e.g ICIC0000168)

First 4 characters represent the entity (ICIC0000168 )

Fifth position has been defaulted with a '0' (Zero) for future use (ICIC0000168)

Last 6 character denotes the branch identity (ICIC0000168 )


IFSC is being identified by the RBI as the code to be used for various payment system projects within the country, and it would, in due course, cover all networked branches. As on May 28, 2011 there are more than 77,000 RTGS enabled bank branches.

 

 

 

 


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