Where can I find my IFSC code...
Where can I find my IFSC code
Find and verify your IFSC code by using NEFT, RTGS and IMPS finance transfer systems.
Following links help to find IFSC Code:
1.IFSC - Indian Financial System Code.
2.MICR - Magnetic Ink Character Recognition code used by bank.
The Indian Financial System Code is also known as IFSC code. IFSC code is provided by (RBI) Reserve Bank of India. This is an unique 11 character code for identifying the bank and branch. Particular account held in which branch and bank.
Bank :State Bank Of India
Branch :Bharat Diamond Bourse
IFSC Code: SBIN0016654
The IFSC code is used by the NEFT, RTGS and IMPS finance transfer systems. NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones on internet banking. It is also being extended through other channels such as ATM, Internet Banking, etc.
1. NEFT - National Electronics Funds Transfer System
2. RTGS - Real Time Gross Settlement
3. IMPS - Immediate Payment Service
4. DNS - Deferred Net Settlement.
MICR Code :
The MICR encoding is called the MICRline. This is placed at the bottom of cheques and other vouchers and typically includes the document. This phenomenon is type indicator, bankcode, bank account number, cheque number, cheque amount, and a control indicator.
For example :
Bank Name: ABHYUDAYA COOPERATIVE BANK LIMITED
IFSC Code: ABHY0065208
MICR Code 380065008
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