Find All Banks IFSC Codes, MICR Code and Address

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List of All 204 Banks in India With IFSC Codes


Whats is IFSC Code ?

Every bank and its respective branch have unique code assigned to them by RBI for online transactions and money transfer. Indian Financial System Code, or popularly known as IFSC code, is an 11-digit alphanumeric code assigned to them by RBI to monitor all online transactions. This code enables users to make money transfers through NEFT (National Electronic Fund Transfer), RTGS (Real Time Gross Settlement) and IMPS (Immediate Payment System).

A single IFSC code can reveal bank name and branch code of the bank. First 4 characters are alphabets which represent bank name, fifth character is 0 and next 6 characters represent branch code of the bank. This code almost nulls the chances of error during online transactions.

Main features of IFSC Code:

  • IFSC code is mandatory for all online or electronic transfer of funds through NEFT, RTGS or IMPS. Without this code, it is impossible to carry out such transactions.
  • It provides unique identification to all banks and their respective branches. No two branches of same bank are assigned same IFSC code even if they are in same city.
  • It allows RBI to monitor all banking transactions thus eliminating chances of any fraudulent activity or discrepancies in fund transfer.

Why IFSC Code is required?

  • With digitization taking over the world, banking is also going digital. Thus, IFSC code helps customers to make online money transfers using NEFT, RTGS and IMPS without visiting branch to any part of the country, irrespective of any city, tehsil, town, etc.
  • It makes online transfers safe for customers and allows RBI and bank to monitor such transactions.
  • It reduces the chances of fraud by cheats and spammers as customer is enabled with knowledge of unique identification of bank and its branch.

What is MICR Code?

Every bank issue user with cheque book on opening an account with them. So how does one bank’s cheque different from another bank’s cheque? Only bank name and account number can be easily duplicated and duplicate, fraud cheque books can be easily created. With advance in technology, it is becoming easier to carry out fraudulent activities.

What makes these paper legal and authentic? Magnetic Ink Character Recognition Code, or MICR code printed at the bottom of the cheques makes them legal and authentic. This code uniquely identifies all banks and their respective branches and gives each cheque its own unique identity.

MICR code is unique 9-digit code, where first 3 digit represent city code, middle 3 represent particular bank code and last 3 digit represent specific branch code.

This code is read by special machines and helps in identifying authenticity of the cheques. This code helps in cheque processing faster and simpler and error free. This code is readable by humans as well and equips them to check its authenticity.

Why MICR code is required?

  • This code authenticates legalities of the paper based banking transactions.
  • It helps machines and cheque readers to check for originality of the cheque and in turn helps in processing cheques faster and accurately.
  • Each bank branch has a unique MICR code assigned to them by RBI which in turn cheque clearing process faster.

About Us

In today’s world, where slowly and gradually everything is going digital be it from grocery shopping or paying bills, knowledge about few basic bank codes comes in handy while making transactions.
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Disclaimer: - banksIFSCcodefinder.com Published the IFSC code of all banks in India. All information has been collected from RBI and various online available resources.it is for information purposes only. User are requested to verify information with the respective bank, passbook and cheque book before using. We don't guarantee the accuracy, reliability, timeliness, correctness, completeness or quality of the knowledge provided. We’ll not be responsible for any type of bank transaction.