Full form of IFSC is Indian Financial System Code.

IFSC (Indian Financial System Code) is an 11-digit alphanumeric code that uniquely identifies all banks and their respective branches participating within the online funds transfer process.

IFSC is brief for Indian Financial System Code and represents the 11 digit character that you simply can usually see on your bank’s cheque leaves, or other bank sponsored material. This 11 character code helps identify the individual bank branches that participate within the various online money transfer options like NEFT and RTGS.


IFSC uniquely identifies a bank branch participating in any RBI regulated funds transfer system. The IFSC code helps to transfer money using RTGS, NEFT or IMPS method. the primary 4 digits of the IFSC represent the bank and last 6 characters represent the branch. The 5th character is zero.
The 11 character IFSC code may be a combination of three essential components:


  • The first 4 characters represent the bank code.
  • The 5th character may be a ‘0’.
  • The remaining 6 characters signify a selected branch code.

The IFSC Code is assigned to every bank branch by the Federal Reserve Bank of India (RBI) to watch the web transfer of cash . The electronic or online transactions for transferring funds via NEFT (National Electronic Fund Transfer), RTGS (Real Time Gross Settlement) and IMPS (Immediate Payment System) can't be initiated without a legitimate IFSC Code.