Monday 11 November 2013

Indian Financial System Code (IFSC)

The Indian Financial System Code (IFSC) is an alpha-numeric code designed to uniquely identify bank branches in India.
This is an 11 -digit code
with the first four characters representing the bank code,
the next character is a control character,
and the last 6 characters identify the branch.

The Reserve Bank of India publishes the IFSC and MICR codes,
but only IFSC codes should be used for linking it towww.paypal.com etc