What is an IFSC Code?

IFSC Code for INR Wires

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code that uniquely identifies a bank branch within India's electronic fund transfer network.

The format of the IFSC code starts with 5 characters representing the bank, followed by the last six characters, which can be either alphabetic or numeric, representing the specific branch of the bank.

An example

Sample IFSC code: SBIN0032277

Bank code: SBIN0 (5 characters) represents the State Bank of India

Branch code: 032277 (6 characters) represents the Rajauri Garden branch in New Delhi

The IFSC code can be retrieved either via the bank or through online resources such as the official Reserve Bank of India website.