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What is IFSC Code?
When it comes to IFSC Code full form, it stands for Indian Financial System Code, representing the 11-digit alphanumeric code that helps in the identification of a specific bank branch. The bank branches participating in any fund transfer system regulated by Reserve Bank of India (RBI) must have their own IFSC Codes which are assigned by the RBI itself. This unique 11 character code enables the remitter to do a fund transfer online in minimal time with utmost accuracy. You can see a bank IFSC Code on the cheque leaf, issued by a concerned home bank branch.
Decoding the IFSC Code Meaning
Talking about the IFSC meaning, its first 4 characters represent the Bank’s Name, the 5th character is set to ‘0’ by default for the future implication and the last 6 numeric/alphabetic characters stand for a specific branch of a bank.
Format of IFSC Code All Bank
For your better understanding, below is an IFSC Code of the SBI Bank Branch
All Banks IFSC Code Finder
If you want to check IFSC Code of any bank, IFSC Finder at Wishfin with its smartest algorithms fetches the bank details by IFSC Code in just a few seconds. Yes, it is that quick! This magical tool is easy to use and is best known for giving the accurate IFSC searches so that you can facilitate the banking transactions via NEFT, IMPS and RGTS. It not only makes all India bank IFSC Code searching a hassle-free experience but also helps in eliminating the errors with utmost accuracy.
This IFSC Locator works on a simple phenomenon, wherein it asks an individual to fill the required fields after taking into account two different scenarios:
Search Bank by IFSC Code
If an individual already knows the IFSC Code of a bank branch, he/she simply needs to enter the same in the required field. By entering the known IFSC Code to branch, the results will be displayed as:
- Old IFSC
- New IFSC
IFSC Code Finder
If you don’t know the IFSC Code of a bank branch you are looking for, there is no need to worry as Wishfin’s IFSC Locator is here to help. This online tool after taking into consideration the following input fields such as: Bank Name, State, City, District and Branch, helps you to find bank by IFSC Code. However, apart from helping in search bank by IFSC Code, this IFSC locator also lets you know the following:
- Old IFSC
- New IFSC
- MICR Code
Akash Verma, got a call this morning that his mother living in the outskirts of Jabalpur City urgently needs a sum of ₹50,000. Soon after knowing the same, Akash, who lives in New Delhi opened his Mobile Banking App and thought of doing the fund transfer online. While filling all the required details, he soon realized that he doesn’t know the IFSC Code of the bank in which his mother is having an account. Due to which he couldn’t proceed the process of fund transfer further as it is mandatory to fill the IFSC Code of the bank in which you want to park the funds.
That’s Right! If an individual wants to participate in electronic ways of transferring funds/money by using NEFT (National Electronic Funds Transfer), RGTS (Real Time Gross Settlement) or IMPS (Immediate Payment Service), the IFSC Code of the destination branch of the payee account is a must to accomplish the online transaction. And, when it comes to find IFSC Code, all you need to do is simply use the IFSC Finder online, being exclusively available at Wishfin. Yes, this smart and easy to use IFSC Locator helps you in the IFSC Code search of various banks. The best feature of this online tool is that it has been thoughtfully designed in such a manner that apart from IFSC search, it also lets you know bank name by IFSC Code, branch name by IFSC Code and branch address by IFSC Code.