What is an IFSC Code?
An IFSC code is a unique identification code for bank branches in India. IFSC stands for Indian Financial System Code.
Key Features:
- 11 character alphanumeric code
- First 4 characters represent the bank
- 5th character is always 0
- Last 6 characters identify the branch
IFSC codes are essential for electronic fund transfers like NEFT, RTGS, and IMPS.