What is a IFSC Code?

The Indian Financial System Code (IFSC) is a unique 11-digit code allocated by Reserve Bank of India (RBI) to each bank branches in India which are contributing to online fund transfer systems like RTGS (Real-Time Gross Settlement), NEFT (National Electronic Fund Transfer) and IMPS (Immediate Payment Service).

IFSC code is a unique 11-digit code allocated by Reserve Bank of India to each bank branches in India which are contributing to online fund transfer systems like RTGS, NEFT and IMPS.