Indian Financial System Code: Difference between revisions

Revision as of 23:45, 17 October 2011

Revision as of 23:45, 17 October 2011

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{{Refimprove|date=October 2011}}

IFSC or '''Indian Financial System Code''' is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is a 11 digit code with the first 4 alphabetic characters representing the bank, and the last 6 characters (usually numeric, but can be alphabetic) representing the branch. The 5th character is 0 (zero). IFSC is used by the NEFT system to route the messages to the destination banks / branches.<ref>[http://www.rbi.org.in/scripts/FAQView.aspx?Id=60 Reserve Bank of India]</ref>

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[[Category:Electronic commerce]]

[[Category:Financial routing standards]]

[[Category:Articles lacking sources]]