Top Banner
8

IFSC code | MICR Code

Apr 12, 2017

Download

Economy & Finance

Akaansha Sudhir
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: IFSC code | MICR Code
Page 2: IFSC code | MICR Code

Overview

Indian Financial System Code is termed as IFSC  Every branch of the bank has a unique code for its identity Reserve Bank of India has provided this 11 character code in

alphanumeric In Electronic Fund Transfer IFSC code plays a primary and main

role

Page 3: IFSC code | MICR Code

Why IFSC Code ?

NEFT : National Electronic Fund Transfer Mechanism required IFSC code  to transfer money without any limitation.

RTGS : Real Time Gross Settlement, where also IFSC code plays a major role. Reserve Bank of India (RBI) has announced that RTGS can be done only if the value is above 2 Lakhs.

IMPS : Immediate Mobile Payment Service also known as Interbank Mobile Payment Service which helps to transfer money 24*7 with correct IFSC code.

             

Page 4: IFSC code | MICR Code

IFSC CODE

MICRCODE

Page 5: IFSC code | MICR Code

How To Find IFSC Codes

All IFSC code has 11 character in which first four characters represent the particular bank name, fifth character is always zero (0) and the last six digit character will be the unique number for each and every branch.

All the banks are recommended to print the IFSC code in their cheque book.

IFSC code also helps to find the MICR code, SWIFT code and bank address.

Find all the details in a single page. 

Page 6: IFSC code | MICR Code
Page 7: IFSC code | MICR Code

Simple Steps For You 

Select your bank name                 

Select the state Select the district  Select the branch 

Page 8: IFSC code | MICR Code