Indian Financial System Code

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The Indian Financial System Code (IFS Code) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement Systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) Systems. [1] This is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use. Bank IFS Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches. [2] Format of IFS Code is mentioned below

1 2 3 4 5 6 7 8 9 10 11
Bank Code 0 Branch Code

Bank IFS Code Information[edit]

Bank-wise lists of IFS Codes are available with all the bank-branches participating in inter bank electronic funds transfer. A list of bank-branches participating in NEFT/RTGS and their IFS Code is available on the website of Reserve Bank of India.[3] All the banks have also been advised to print the IFS code of the branch on cheques issued by branches to their customers.

IBAN Integration and Structure[edit]

Although, the integration may be a complicated technical process for the financial institutions, it is expected for India to integrate the IBAN system by the end of 2016.[citation needed] More detailed description of the IBAN structure for the upcoming integration can be found on each bank's official website.[citation needed]

See also[edit]


  1. ^ "RTGS/NEFT - FAQ". State Bank of India. p. question 9. Retrieved 2 August 2012. 
  2. ^ "FAQs : NEFT system". Reserve Bank of India. 31 January 2012. Retrieved 2 August 2012. 
  3. ^ National Electronic Funds Transfer Reserve Bank of India