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IFSC

Indian Financial System Code

About IFSC

IFSC (Indian Financial System Code) is the addressing code used in Payment System Applications such as RTGS, CFMS and NEFT developed by the Reserve Bank of India. IFSC gives unique identification to bank branches.

The code consists of 11 Characters - First 4 characters (4!A) represent the entity; Fifth position has been defaulted with a '0' (Zero) for future use; and the Last 6 character (6!X) denotes the branch identity. IFSC is being identified by the RBI as the code to be used for various payment system projects within the country, and it would, in due course, cover all networked branches in the country. When all bank branches participate in electronic payment systems, they would need to have a single identifiable unique code and IFSC would serve the purpose effectively.