What is the full form of IFSC

IFSC: Indian Financial System Code

The Indian Financial System Code is an 11 character alphanumeric code used to identify each branch of every bank in India. This code is specified on the cheque book and required to transfer money through NEFT or RTGS. To get the IFSC code of any bank, you must have the following information.

• Bank's name
• State's name where the bank is located
• District's name
• Branch's name

Format of the IFSC code

The IFSC code contains 11 characters. The first 4 letters tell about the name of the bank and the last 7 letters specify the branch number. For example:

The IFSC code of SBI Modinagar is SBIN0000738.

Here "SBIN" shows the name of the bank and "0000738" shows the branch number. IFSC code is used to transfer money from one branch to another branch through RTGS or NEFT.