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What is IFSC Code

What is IFSC code?

The full form of IFSC is Indian Financial System Code, IFSC code is a unique alphanumeric which is issued by the Reserve Bank of India to each and every branch of a Bank to identify the Bank and its branch at the time of online money transfer through RTGS/NEFT/IMPS from one account to another in India. IFSC code contains 11 alphanumeric characters, the first four characters indicates the Bank name and there is 0 which is for future extension and the remaining 6 numbers indicates the unique code of the branch....Know More

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The MICR code is a purely numeric code with 9 characters. For Example ICICI Bank : 500229002.