IFSC Code and MICR Codes of all bank branches in India
Search and find any IFSC Code or MICR Code of any bank branch in India. You can find the phone number, address, and IFSC Code of all available bank branches. All the details are updated regularly to confirm correctness. outdated and Old bank co des are also enabled for legacy reference and marked with a warning message.
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ABHYUDAYA COOPERATIVE BANK LIMITEDIFSC Code Format and Decoding:
A | B | C | D | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
Unique Code for Bank Name | 0 | Unique Code for Branch Name |
IFSC Code- How Does it Works
Let us take an example of the ICICI Bank IFSC code to understand more clearly what IFSC code is and how it works in transactions. The IFSC code for the Delhi Branch of ICICI Bank is ICIC0001136.
- Here, ICIC represents the name of the bank, which is ICICI Bank
- The 5th character, that is 0, is for future use
- The other 6 characters, 001136, specifically helps the RBI find a bank branch without any error.
Now, let us understand how IFSC works. When a fund transfer should be done to a particular payee, one has to enter the account number and branch-bank IFSC code. Once the remitter provides these both details, the money is transferred to the account holder and IFSC helps out avoiding any errors/mistransfers in such transactions.
Apart from fund money transfers, IFSC code can also be used to buy any insurance and mutual funds through online and net banking. The Reserve Bank of India’s (RBI) National Clearing Cell monitors all money transactions and the IFSC code helps the bank and RBI keep track of all transactions and also execute money transfers without any error.
IFSC Code- On Cheque book or passbook
The IFSC code is also displayed on your cheque book or bank passbook. One can also find their bank branch IFSC code in the monthly bank account statement. The IFSC code of each bank and branch is unique.
What is an IFSC Code?
Indian Financial System Code (IFSC) is a unique 11-digit code given by Reserve Bank of India (RBI) to all of the bank branches in India which are contributing to online money transfer systems like RTGS (Real-Time Gross Settlement), IMPS (Immediate Payment Service) and NEFT (National Electronic Fund Transfer).
IFSC code is to confirm that the money is transferred to the right account. The IFSC code of the bank is usually printed on bank’s cheque leaves. The first four digits confirm the bank. Then it is followed by digit zero. The last six digits confirm the bank branch. In order to make online fund/money transfers to any bank account, one should know the IFSC code of the recipient's bank branch.
With online IFSC code search, you can easily search the IFSC code according to the location/branch you need. To find the IFSC code of the bank, you need to select the bank name, state and district where the bank is located and bank branch. Once providing these details, your bank’s IFSC code will appear along with the information such as your bank, state, district, city, branch, branch code, address and contact number.
Before making any money/fund transfer, you have to confirm with the bank whether the IFSC code of the recipient account’s bank branch is right or not, to avoid any wrong transactions.
Questions on IFSC and MICR
Full form of IFSC?
The full detailed form of IFSC is - Indian Financial System Code.
Why is IFSC used?
IFSC code of Indian Financial System Code can be described as a unique 11-digit alphanumeric code that is utilized to uniquely identify all India bank branches within the National Electronic Funds Transfer (NEFT) network by the Reserve Bank of India.
How to search for a bank name and branch by IFSC code?
It is very easy to find the bank name and branch by using the IFSC code search of emi-calculators.com. The first four characters of the IFSC code define the bank name. So, if the bank name is HDFC, then the IFSC code will look like HDFC0004053.
What is the full form of MICR code?
MICR represents Magnetic Ink Character Recognition. It is a unique link that is sensitive to magnetic fields. It is printed and displayed on the bottom of a cheque.
What is the use of MICR code?
MICR is a unique technology that helps in verifying the originality of cheques or any other paper documents. It is used mainly by banks to process cheques much faster. The MICR code helps RBI in finding the bank branch.
How can I transfer fund or money from one bank account to another bank account online?
You can transfer money from one bank account to another through online mode using different methods like National Electronic Fund Transfer (NEFT), Real-time Gross Settlement (RTGS), Unified Payment Interface (UPI), Immediate Payment Service (IMPS)
Are IFSC and SWIFT code the same?
No, the IFSC and SWIFT code are different. IFSC is used for transferring funds and money within India, while SWIFT code is used for transferring funds and money at an international level. Moreover, SWIFT is a bank identifier code while IFSC is used to indicate a specific branch of a bank.
If a bank branch is changed, will the IFSC code be changed?
No, if the location of a bank’s branch is changed to different location, then the IFSC code will not change. If the bank account of the holder is shifted from one branch of the bank to another branch, then will the IFSC code be changed.
Is IFSC code the same as bank branch code?
No, IFSC code is different from branch code.
Where is the IFSC code printed on the cheque leaf?
IFSC code is generally present on the top part of every cheque leaf or mostly at the bottom line of cheque or near the bank branch address
Is IFSC code required to transact IMPS?
IFSC code is required for IMPS transfer only if the individual is transferring funds or money using bank account number. If the receiver’s bank account MMID is not available, then he/she needs to add the receiver as a payee for transfer , for which details such as name, bank account number, and IFSC are required.
Where can I locate the MICR code on the check?
MICR code is displayed on the bottom part of every cheque leaf provided by bank branch.
Is IFSC code unique for every branch?
Yes, IFSC code is a unique alphanumeric code for a given branch.
Is it possible to find the IFSC code of a bank’s branch from the savings bank account number hosted in the same bank?
No, it is not possible as the 15-digit long bank account number does not include any bank’s IFSC code.
I think I have given the wrong IFSC code when initiating a NEFT funds or money transfer. What will happen to my money transfer?
There is no need to worry as for a NEFT transaction to go through and benefit the intended recipient, you are required to provide the latter’s account number and the corresponding bank’s IFSC code. In case you provided the wrong IFSC code, the banking system will tally against the recipient's name and bank account number to find the mistake and refund your money. The refunded money will be reflected in your bank account within a couple of working days at the maximum.
Can I identify the IFSC code from my bank passbook?
Yes, you can identify the IFSC code from the passbook given to you. As per a rule from the Reserve Bank of India, banks must and should print the IFSC and MICR codes on the passbooks,cheques and account statements issued by them.
Report IFSC Codes of emi-calculators.com!
Though we have taken most care in collecting and gathering IFSC Codes and presenting them with a user friendly format. In case you find errors or mistakes, kindly report them to emicalcualtor@gmail.com! Also, please reach to the same email-id if you are a bank/lender and want your IFSC Codes listed on this website.