IFSC Code Finder!
Indian Financial System Code (IFSC) is used for Real Time Gross Settlement aka RTGS and NEFT. IFSC Code is assigned by RBI. This code contains 11 characters.
What is IFSC code?
The Indian Financial System Code (also known as IFSC) is an unique 11 character code for identifying the bank and branch which an account is held. The IFSC code is used by the NEFT, RTGS and IMPS finance transfer systems.
What is IFSC NEFT transfer?
National Electronic Funds Transfer (NEFT) is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. NEFT transfers are also referred as e-cheques as the funds are not transferred in real-time and the funds are settled in batches.
What is IFSC RTGS transfer?
'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). You need the IFSC Code to identify the Branch for which you will want to transfer funds using RTGS. Note all branches don't have IFSC Codes.
What is IFSC IMPS transfer?
'IMPS' is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service. IMPS uses IFSC codes to offer a number of fund transfer services instantly in a round the clock environment.