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What Is Ifsc? |
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Answer» IFSC or Indian Financial System Code is an alpha-numeric code that UNIQUELY identifies a bank-branch participating in the NEFT system. This is an 11 digit code with the first 4 alpha characters REPRESENTING the bank, and the last 6 characters representing the branch. The 5th character is 0 (zero). IFSC is USED by the NEFT system to IDENTIFY the originating / destination banks / branches and also to route the messages appropriately to the CONCERNED banks / branches. IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch. The 5th character is 0 (zero). IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches. |
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