“WhatisIFSC” is a Website which Gives You complete information about IFSC Codes.
IFSC is the abbreviation of Indian Financial System Code. IFSC is an alphanumeric code of 11-character code with the first four alphabetic characters representing the bank, The fifth character is 0 (zero) and the last seven characters usually numeric, but can be alphabetic representing the branch. This alphanumeric code uniquely identifies a branch of the bank participating in the two main electronic funds settlement systems in India.
The Real Time Gross Settlement (RTGS)
The National Electronic Funds Transfer (NEFT) systems.
Reserve Bank of India is the central banking institution of India which controls Indian rupee and all banks. It controls inter bank money transfer in all over India banks, through RTGS and NEFT. Reserve Bank of India is fully owned by government of India. IFSC Codes to all the Bank in India are provided by RBI. IFSC code is unique for each branch.
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