Figure out IFSC Code, MICR Code and more details for Electronic Fund Transfers (NEFT, RTGS, IMPS) in India.
IFSC Code : |
SBIN0008910 (used for RTGS, IMPS and NEFT Transactions) |
Address : |
Town Hall Gorakhpr |
State : |
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City : |
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Branch : |
IFSC refers to “Indian Financial System Code” which is a unique eleven character alphanumeric code provided by the Reserve Bank of India. It is used to identify specific bank branches for online transactions. This code is essential for smooth and secure digital fund transfers in India and helps you to locate the exact bank branch. The different types of fund transfers are NEFT (National Electronic Funds Transfer), RTGS (Immediate Payment Service) and IMPS (Real Time Gross Settlement).
The IFSC code has a straightforward format:
For instance, in SBI IFSC Code "SBIN0003456", SBIN is the abbreviation of State Bank of India and 003456 is one of its branches
Finding the IFSC code of your bank branch is easy. Here’s how you can access it:
MICR refers to Magnetic Ink Character Recognition. It is banking technology employed in cheque processing, enabling easy and secure transactions in a fast way. MICR code is an exclusive code through which you are able to trace the bank and branch of the transaction. Through this technology, scanning and reading of cheques is made possible with the use of special ink which eliminates mistakes and makes the process faster.
MICR code is a 9-digit code usually printed at the bottom of a cheque.
You can find your MICR code printed at the bottom of any cheque leaf. Usually, The MICR code is printed next to the cheque number. Alternatively, you can simply search online or on the official RBI website. Remember, this code is essential for ensuring secure and efficient cheque transactions.
An IFSC Code Checker is an online tool that allows you to quickly verify the Indian Financial System Code of any bank branch in India. By using an IFSC code finder you can
Simply enter the bank name and branch details and the tool will provide you with correct IFSC code. Alternatively, if you already have an IFSC code, you can use the checker to know bank details.
Using our IFSC code finder is simple.
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File your ITRHere are some common questions we receive from our customers. If you have any additional questions, please don’t hesitate to contact us.
The full form of IFSC is Indian Financial System Code. It is an 11-character code assigned by RBI to each bank branch in India participating in any electronic payments.
The IFSC code ensures that your money is transferred to the correct bank branch during an online transaction. It is essential for NEFT, RTGS, and IMPS transfers.
You can check your IFSC code on your bank passbook, cheque book, the bank’s official website, the RBI website, or by using an online IFSC Code Checker.
Yes, an IFSC code is mandatory for net banking and online transactions. It is essential for identifying the bank branch and is required to do any electronic fund transfers.
If you enter the wrong IFSC code, the transaction may fail or your money could be transferred to the wrong bank account. It is important to check the IFSC code before completing any online transfers.
No, each bank has its unique IFSC code. Even branches of the same bank in different locations will have distinct IFSC codes.
Yes, the IFSC code can change if the bank undergoes a merger, rebranding or relocation of branches. It is always good to verify the latest IFSC code before making a transaction.
No, the IFSC code is specific to money transactions within India. For international transactions, you would need the SWIFT code of the bank.
MICR (Magnetic Ink Character Recognition) code is a 9-digit code printed at the bottom of a cheque leaf. This code is read by a MICR reader or machine which helps process and sort cheques quickly.
The MICR code plays a significant role in cheque transactions both domestically and internationally. It carries crucial information like bank details, bank code and cheque number. Without the MICR code, sending or receiving money internationally from cheques becomes difficult, as it streamlines the process and ensures accuracy.
No, they are not. While the IFSC code is used for online fund transfers between bank branches within India, the MICR code is for cheque-based transactions and supports international money transfers. The IFSC code is assigned by the RBI to each bank branch, while the MICR code helps in smooth cheque processing worldwide.