|Definition||:||Indian Financial System Code|
|Category||:||Business » Banking|
What does IFSC mean?
Indian Financial System Code (IFSC) or IFS Code, is an alphanumeric code that uniquely identifies individual bank branches that participate in any of the various Reserve Bank of India (RBI) regulated electronic funds transfer systems in India.
IFSC is an 11 digit code with the first 4 alphabetic characters representing the bank, the 5th character is 0 (zero), and the last 6 characters (usually numeric) representing the branch.
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Frequently Asked Questions (FAQ)
What is the full form of IFSC in Banking (India)?
The full form of IFSC is Indian Financial System Code