All India Bank Ifsc Code

Understanding an IFSC Code

IFSC stands for Indian Financial System Code and is a unique eleven-digit number, which is used for transferring funds online for NEFT, IMPS and RTGS transactions. It is a combination of numbers and alphabets which is displayed on the cheque-book provided by the bank.

The IFSC code can also be found on the front page of passbook of the accountholder. Each bank branch has its own IFSC code, which is assigned by the Reserve Bank of India (RBI). The code can easily be checked by the accountholders on the website of the RBI.

A valid Indian Financial System Code is mandatory for Internet banking transactions for transferring funds, using NEFT, IMPS and RTGS. Generally, there isn't any change or update in the 11-digit IFSC code. Recently, the State Bank of India changed Indian Financial System Code of its branches all over the nation after the merger with five associate banks and 1 other bank.

Is RTGS code different from IFSC code?

Since the IFSC code is used to transfer money using RTGS, it is often referred to as RTGS code or NEFT code.

Are IFSC code and branch code same?

The IFSC code and the branch code are two different codes. The branch code is a part of the IFSC code, while the IFSC code is used the identify the bank and its branch.

How is RTGS relevant in banking?

RTGS stands for Real Time Gross Settlement and is considered one of the main payment and settlement systems in India. Details of the accountholder like name, account number and the IFSC code of the bank are required to make payments through the process of RTGS.

RTGS is a safe process of transferring money from one bank account to another. IFSC code is often referred to as RTGS code or NEFT code for the same reason.

Can RTGS and IFSC code be considered the same?

An IFSC code is relevant in identifying the bank and its branch, while the RTGS is one of the two main payment and settlement systems in India. IFSC code is a mandate to conduct any EFT.

How is the branch code of a bank identified?

The branch code of a bank is helpful in distinguishing one branch from another. The last 6 characters of any given IFSC code is the branch code and is printed on cheque books and pass books. It is also available on the website of the bank.

How are the processes of NEFT and RTGS different?

RTGS stands for Real Time Gross Settlement, while NEFT refers to National Electronic Funds Transfer and are the two main systems for money transferring in India. Minimal transfer charges are to be paid for conducting transfers using NEFT or RTGS. The key differences between them are explained below.

Working of an IFSC code

The IFSC code is facilitated by an alpha-numeric code and is used for transfer of electronic funds in India. This particular code is useful for recognising different branches of banks, which participates in the two main settlement and payment systems in India, namely, National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS).

IFSC code is assigned by the RBI and its first four letters represent the bank. The next character zero, is reserved for any future use. The last six characters of the IFSC code are the code for identification of the branch.

How is an IFSC code useful?

The Indian financial systems make use of the IFSC code to facilitate electronic and online transfer of money.

The pattern of the IFSC code

The first four characters of an IFSC code are alphabets which denote the name of the bank. This implies that the IFSC code of each different branches of the same bank will begin with the same four letters, while the fifth character is a zero.

The part which makes the IFSC code unique are the remaining six characters, which are in the form of digits or numbers and denote the branch code.

• Abhyudaya Cooperative Bank Limited
• Abu Dhabi Commercial Bank
• Aditya Birla Idea Payments Bank
• Ahmedabad Mercantile Cooperative Bank
• Airtel Payments Bank Limited
• Akola Janata Commercial Cooperative Bank
• Allahabad Bank
• Almora Urban Cooperative Bank Limited
• Andhra Bank
• Andhra Pragathi Grameena Bank
• Apna Sahakari Bank Limited
• Au Small Finance Bank Limited
• Australia And New Zealand Banking Group Limited
• Axis Bank
• B N P Paribas
• Bandhan Bank Limited
• Bank Internasional Indonesia
• Bank Of America
• Bank Of Baharain And Kuwait Bsc
• Bank Of Baroda
• Bank Of Ceylon
• Bank Of India
• Bank Of Maharashtra
• Bank Of Tokyo Mitsubishi Limited
• Barclays Bank
• Bassein Catholic Cooperative Bank Limited
• Bharat Cooperative Bank Mumbai Limited
• Canara Bank
• Capital Small Finance Bank Limited
• Catholic Syrian Bank Limited
• Central Bank Of India
• Chinatrust Commercial Bank Limited
• Citi Bank
• Citizen Credit Cooperative Bank Limited
• City Union Bank Limited
• Commonwealth Bank Of Australia
• Corporation Bank
• Credit Agricole Corporate And Investment Bank Calyon Bank
• Credit Suisee Ag
• Dcb Bank Limited
• Dena Bank
• Deogiri Nagari Sahakari Bank Ltd. Aurangabad
• Deposit Insurance And Credit Guarantee Corporation
• Deustche Bank
• Development Bank Of Singapore
• Dhanalakshmi Bank
• Dmk Jaoli Bank
• Doha Bank
• Doha Bank Qsc
• Dombivli Nagari Sahakari Bank Limited
• Durgapur Steel Peoples Co-operative Bank Ltd
• Emirates Nbd Bank P J S C
• Equitas Small Finance Bank Limited
• Esaf Small Finance Bank Limited
• Export Import Bank Of India
• Federal Bank
• Fincare Small Finance Bank Ltd
• Fino Payments Bank
• First Abu Dhabi Bank Pjsc
• Firstrand Bank Limited
• G P Parsik Bank
• Gurgaon Gramin Bank
• Hdfc Bank
• Himachal Pradesh State Cooperative Bank Ltd
• Hsbc Bank
• Hsbc Bank Oman Saog
• Icici Bank Limited
• Idbi Bank
• Idfc Bank Limited
• Idukki District Co Operative Bank Ltd
• India Post Payment Bank
• Indian Bank
• Indian Overseas Bank
• Indusind Bank
• Industrial And Commercial Bank Of China Limited
• Industrial Bank Of Korea
• Jalgaon Janata Sahakari Bank Limited
• Jammu And Kashmir Bank Limited
• Jana Small Finance Bank Ltd
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• Janaseva Sahakari Bank Limited
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• Kapol Cooperative Bank Limited
• Karnataka Bank Limited
• Karnataka Vikas Grameena Bank
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• Keb Hana Bank
• Kerala Gramin Bank
• Kotak Mahindra Bank Limited
• Kozhikode District Cooperatiave Bank Ltd
• Krung Thai Bank Pcl
• Laxmi Vilas Bank
• Mahanagar Cooperative Bank
• Maharashtra Gramin Bank
• Maharashtra State Cooperative Bank
• Mashreqbank Psc
• Mizuho Bank Ltd
• Nagar Urban Co Operative Bank
• Nagpur Nagarik Sahakari Bank Limited
• National Australia Bank Limited
• National Bank For Agriculture And Rural Development
• National Bank Of Abu Dhabi Pjsc
• New India Cooperative Bank Limited
• Nkgsb Cooperative Bank Limited
• North East Small Finance Bank Limited
• North Malabar Gramin Bank
• Nutan Nagarik Sahakari Bank Limited
• Oman International Bank Saog
• Oriental Bank Of Commerce
• Paytm Payments Bank Ltd
• Pragathi Krishna Gramin Bank
• Prathama Bank
• Prime Cooperative Bank Limited
• Pt Bank Maybank Indonesia Tbk
• Punjab And Maharshtra Cooperative Bank
• Punjab And Sind Bank
• Punjab National Bank
• Qatar National Bank Saq
• Rabobank International
• Rajarambapu Sahakari Bank Limited
• Rajgurunagar Sahakari Bank Limited
• Rajkot Nagrik Sahakari Bank Limited
• Rbi Pad, Ahmedabad
• Rbl Bank Limited
• Reserve Bank Of India , Pad
• Reserve Bank Of India, Pad
• Sahebrao Deshmukh Cooperative Bank Limited
• Samarth Sahakari Bank Ltd
• Saraswat Cooperative Bank Limited
• Sber Bank
• Sbm Bank Mauritius Limited
• Shikshak Sahakari Bank Limited
• Shinhan Bank
• Shivalik Mercantile Co Operative Bank Ltd
• Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited
• Small Industries Development Bank Of India
• Societe Generale
• Solapur Janata Sahakari Bank Limited
• South Indian Bank
• Standard Chartered Bank
• State Bank Of India
• State Bank Of Mauritius Limited
• Sumitomo Mitsui Banking Corporation
• Surat National Cooperative Bank Limited
• Suryoday Small Finance Bank Limited
• Sutex Cooperative Bank Limited
• Syndicate Bank
• Tamilnad Mercantile Bank Limited
• Telangana State Coop Apex Bank
• Textile Traders Co Operative Bank Ltd
• The A.p. Mahesh Cooperative Urban Bank Limited
• The Akola District Central Cooperative Bank
• The Andhra Pradesh State Cooperative Bank Limited
• The Bank Of Nova Scotia
• The Baramati Sahakari Bank Ltd
• The Cosmos Co Operative Bank Limited
• The Delhi State Cooperative Bank Limited
• The Gadchiroli District Central Cooperative Bank Limited
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• The Gujarat State Cooperative Bank Limited
• The Hasti Coop Bank Ltd
• The Jalgaon Peopels Cooperative Bank Limited
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• The Kangra Cooperative Bank Limited
• The Karad Urban Cooperative Bank Limited
• The Karanataka State Cooperative Apex Bank Limited
• The Kurmanchal Nagar Sahakari Bank Limited
• The Mehsana Urban Cooperative Bank
• The Mumbai District Central Cooperative Bank Limited
• The Municipal Cooperative Bank Limited
• The Nainital Bank Limited
• The Nasik Merchants Cooperative Bank Limited
• The Navnirman Co-operative Bank Limited
• The Pandharpur Urban Co Op Bank Ltd Pandharpur
• The Rajasthan State Cooperative Bank Limited
• The Royal Bank Of Scotland N V
• The Seva Vikas Cooperative Bank Limited
• The Shamrao Vithal Cooperative Bank
• The Sindhudurg District Central Coop Bank Ltd
• The Surat District Cooperative Bank Limited
• The Surath Peoples Cooperative Bank Limited
• The Tamil Nadu State Apex Cooperative Bank
• The Thane Bharat Sahakari Bank Limited
• The Thane District Central Cooperative Bank Limited
• The Varachha Cooperative Bank Limited
• The Vishweshwar Sahakari Bank Limited
• The West Bengal State Cooperative Bank
• The Zoroastrian Cooperative Bank Limited
• Thrissur District Co-operative Bank Ltd
• Tjsb Sahakari Bank Limited
• Tjsb Sahakari Bank Ltd
• Tumkur Grain Merchants Cooperative Bank Limited
• Uco Bank
• Ujjivan Small Finance Bank Limited
• Union Bank Of India
• United Bank Of India
• United Overseas Bank Limited
• Utkarsh Small Finance Bank
• Vasai Vikas Sahakari Bank Limited
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• Vijaya Bank
• Westpac Banking Corporation
• Woori Bank
• Yes Bank
• Zila Sahakri Bank Limited Ghaziabad