Indian Financial System Code

The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.^[1]

Format

The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use. Bank IFS Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches.^[2] The format of the IFS Code is shown below.

1	2	3	4	5	6	7	8	9	10	11
Bank Code				0	Branch Code

Lists of IFS Codes

Bank-wise lists of IFS Codes are available with all the bank-branches participating in inter bank electronic funds transfer. A list of bank-branches participating in NEFT/RTGS and their IFS Code is available on the website of the Reserve Bank of India.^[3] All the banks have also been advised to print the IFS code of the branch on cheques issued by branches to their customers.

See also

• List of financial regulatory authorities by country