Indian Bank IFSC Details Finder | Find Branch Bank State District


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What is IFSC code?

IFSC is an abbreviation for Indian Financial System Code and is used to identify bank branches participating in the NEFT (National Electronic Funds Transfer) system. Each IFSC code is a unique 11-character code that consists of alphabets and numbers, and is used for NEFT or RTGS transactions.

The first four characters of an IFSC code represent the name of the bank, while the last six characters represent the branch of the bank. The 5th character of the IFSC code is generally 0 (zero) except in case of SBBJ and SBHY branches.

For example, if you want to transfer funds using NEFT from Bank of Baroda's Mumbai branch, you will need to use the IFSC code BARB0MUMBAI (where '0' is zero).


What are NEFT and RTGS?

RTGS and NEFT are electronic fund transfer systems in India. RTGS offers real-time interbank transfers, ensuring swift processing, while NEFT operates with non-real-time transfers, taking up to 2 hours for completion. The key distinction is the processing time, with RTGS being almost immediate and NEFT having a slightly longer transaction duration.


Can I find my bank's IFSC code on cheque leaves?

Generally, banks print the IFSC code of their branches on the cheque leaves that they provide to their customers. However, if you cannot find the IFSC code on your cheque leaf, you can always get in touch with your bank or visit its official website to find out the same.


What is an NEFT-enabled bank branch?

To use NEFT for fund transfers, your bank branch must be NEFT-enabled, meaning it should be linked to the central NEFT network by the Reserve Bank of India (RBI). You can verify if a specific bank branch is NEFT-enabled by consulting the RBI's list of NEFT-enabled branches on its website.


What is the maximum amount that I can transfer using NEFT?

The Reserve Bank of India has set no limit on the maximum amount that can be transferred using NEFT. However, individual banks may have their own limits on the maximum amount that can be transferred using this system. You will need to check with your bank to find out the same.


Can I use NEFT to transfer funds to a person in another country?

No, you cannot use NEFT to transfer funds to a person in another country. For this, you will need to use SWIFT (Society for Worldwide Interbank Financial Telecommunication). SWIFT is a global network that enables banks to send and receive information about financial transactions.