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

The IFSC code is assigned to each bank branch by the Reserve Bank of India (RBI) to monitor each online transfer of money. Electronic or online transactions for transferring funds through NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement) and IMPS (Instant Payment System) cannot be initiated without a Find valid IFSC code.

Features of IFSC Code

Easy funds Online Funds Transfer : The IFSC code enables convenient and hassle-free transfer of funds from one bank account to another. The use of IFSC code is mandatory for all electronic or online transfer of funds through NEFT, RTGS or IMPS.

Monitoring Transactions : The IFSC code is used to keep a regular track of all banking transactions, thus reducing the possibility of any discrepancies in the fund transfer process.

Unique Identification : The IFSC Code helps in unique identification of all banks and their respective branches, thus helping customers to avoid any possible mistakes.

Eliminate Errors : The IFSC code helps users to safely run the fund transfer process, thus eliminating the possibility of any fraudulent activity in the funds online fund transfer process.

Format of IFSC Code

The 11 character IFSC code is a combination of 3 essential components:

  • The first 4 characters represent the bank code
  • The 5th character is a ‘0’
  • The remaining 6 characters signify a specific branch code


  • Have a look at the below mentioned example of IFSC Code of State Bank of India, Delhi branch.

    In the above mentioned example (SBIN0000602), the first 4 characters ‘SBIN’ represent the bank code of SBI, the 5th character is a ‘0’ and the last 6 characters ‘0000602’ represent the branch code of Okha — Port.

    IFSC Code of Top 5 Banks of India

    Given below is the list of IFSC code of top 5 banks in India along with one of the branches. It is to be noted that the IFSC code stands unique for each bank branch in India. Hence, no two bank branches can have the same IFSC code.

    1. State Bank of India

    2. HDFC Bank

    3. Bank of Baroda

    4. Axis Bank

    5. Icici Bank