IFSC Code Finder - Search Indian Bank IFSC, MICR Codes
- Select your bank from the 1st drop-down list
- Select your state from the 2nd drop-down list
- Select your district from the 3rd drop-down list
- Select the branch of your bank from the 4th drop-down list
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What is an IFSC Code?
The Indian Financial System Code (IFSC) is an 11-character unique identifier assigned by the Reserve Bank of India (RBI) to bank branches participating in online fund transfer systems such as RTGS (Real-Time Gross Settlement), NEFT (National Electronic Fund Transfer), and IMPS (Immediate Payment Service).
πΉ Structure of an IFSC Code:
- First 4 characters: Represent the bank name (e.g., HDFC for HDFC Bank).
- Fifth character: Always β0β, reserved for future use.
- Last 6 characters: Represent the specific branch identifier.
πΉ How to Find an IFSC Code?
- Printed on cheque books and bank passbooks.
- Available on the RBI website and bank websites.
- Search via trackbankifsc.com by selecting the bank, state, district, and branch.
πΉ Why is IFSC Important?
- Essential for secure and error-free online transactions.
- Used for verifying bank details before transferring funds.
- Helps in identifying the correct branch of a bank.
β Pro Tip: Always verify the IFSC Code before sending money to avoid failed transactions or incorrect transfers.
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What is a MICR Code?
Magnetic Ink Character Recognition (MICR) is a 9-digit code used in banking for secure and automated cheque processing under the Electronic Clearing System (ECS).
πΉ Structure of a MICR Code:
- First 3 digits β Represent the city code (aligned with PIN codes).
- Middle 3 digits β Represent the bank code.
- Last 3 digits β Represent the specific branch code.
πΉ Where Can You Find a MICR Code?
- Printed at the bottom of cheque leaves.
- Available on the first page of your passbook.
πΉ Why is MICR Important?
- Speeds up cheque clearance using MICR-enabled scanners.
- Reduces errors in processing and ensures quick verification.
- Used for ECS transactions, salary processing, and automatic bill payments.
β 2025 Update: Many banks are shifting to digital cheque clearing (DCC), reducing reliance on MICR for faster settlement cycles.
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What is NEFT (National Electronic Funds Transfer)?
NEFT is an RBI-regulated electronic payment system that enables secure interbank fund transfers across India.
πΉ Key Features of NEFT:
- β Available 24x7, 365 days a year.
- β No minimum or maximum transfer limit.
- β Transactions processed in batches every 30 minutes.
- β Requires beneficiary details β Name, Account Number, IFSC Code, and Bank Name.
πΉ How to Use NEFT for Fund Transfers?
- Login to net banking/mobile banking and select NEFT Transfer.
- Enter beneficiary details and amount to transfer.
- Authenticate the transaction via OTP or net banking PIN.
πΉ Why Choose NEFT?
- β Ideal for small to medium-sized transactions.
- β Lower transaction fees compared to other modes.
- β Secure and regulated by RBI.
β 2025 Update: RBI has introduced same-day settlements for NEFT transactions initiated before 12 PM IST.
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What is IMPS (Immediate Payment Service)?
IMPS is an instant electronic fund transfer system regulated by the National Payments Corporation of India (NPCI).
πΉ Key Features of IMPS:
- β Instant fund transfers, available 24x7 including bank holidays.
- β Supports multiple platforms β Mobile banking, Internet banking, ATM, and bank branches.
- β Requires beneficiary details β Account Number & IFSC Code OR Mobile Number & MMID (Mobile Money Identifier).
- β Transaction limits vary based on bank policies.
πΉ Why Use IMPS?
- β Fastest way to transfer funds within India.
- β Available on mobile apps and UPI-integrated platforms.
- β Works even on weekends and public holidays.
β Pro Tip: If you're sending money to a mobile number, ensure the recipient is registered for IMPS Mobile Banking.
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What is RTGS (Real-Time Gross Settlement)?
RTGS is a high-value fund transfer system where transactions are processed individually in real-time without batch processing.
πΉ Key Features of RTGS:
- β Minimum transaction amount β βΉ2 lakhs (no upper limit).
- β Funds credited within 30 minutes.
- β Available 24x7, including weekends and bank holidays.
- β Requires beneficiary details β Name, Account Number, IFSC Code, and Bank Name.
πΉ Why Choose RTGS?
- β Ideal for high-value transactions (e.g., property purchase, business payments).
- β Highly secure and RBI-regulated.
- β No transaction risk as funds are settled immediately.
β 2025 Update: RBI has mandated faster processing times for RTGS, reducing settlement delays.
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FAQs (Frequently Asked Questions)
β What is the Difference Between NEFT, RTGS, and IMPS?
Feature NEFT RTGS IMPS Settlement Batch-wise (every 30 min) Real-time Instant Availability 24x7 24x7 24x7 Minimum Transfer βΉ1 βΉ2 lakhs βΉ1 Maximum Transfer No limit No limit Varies by bank Best For Small to medium transactions High-value transactions Urgent transfers
β What Happens if I Enter the Wrong IFSC Code?
- If the IFSC does not match a valid branch, the transaction fails and funds are reversed.
- If the IFSC is valid but linked to the wrong branch, funds may be sent to the wrong account. Always verify before sending.
β How Can I Check My Bankβs MICR Code?
- Check the bottom of your cheque.
- View the first page of your passbook.
- Use your bankβs official website or customer service.
β Is UPI Replacing NEFT, RTGS, and IMPS?
- No, but UPI is gaining popularity due to its ease of use.
- NEFT & RTGS are still essential for businesses and large transactions.
β Pro Tip: For instant personal payments, use UPI or IMPS. For secure, high-value transactions, use RTGS.
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Indian Financial System Code (IFSC) is a unique 11-digit code allocated by Reserve Bank of India ...
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Magnetic Ink Character Recognition (MICR) may be a printing technology utilized in the banking system to print the MICR code...
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National Electronic Funds Transfer (NEFT) is a fund transfer process available with Reserve Bank of India (RBI)...
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Immediate Payment System (IMPS) is an electronic fund transfer system operated by the National Payments Corporation of India (NPCI) ...
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Real Time Gross Settlement (RTGS) is an electronic fund transfer system which is used to transfer money from one bank account to another...
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