IFSC
Indian Financial System Code
IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems like NEFT, RTGS, and IMPS.
The IFSC code consists of a 4-letter bank code, a zero, and a 6-character branch code. It's essential for domestic electronic transfers within India and can be found on cheque books and bank statements.
Related Terms
Routing Number
ABA Routing Transit Number
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SWIFT Code
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RTGS
Real-Time Gross Settlement
RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...
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