IFSC Full Form: Indian Financial System Code, All of you must have used the IFSC code to transfer money. But do you know what is the IFSC Full Form? Or what is the IFSC Full Form in Hindi? Or what is IFSC? If not, then please read this article.
- IFSC Full Form in English: University Grants Committee
- Category: Business >> Banking
- IFSC Full Form in Hindi: भारतीय वित्तीय प्रणाली कोड
- IFSC Full Form in Marathi: भारतीय वित्तीय प्रणाली कोड
In this article, I will tell you what is the IFSC Full Form? What is IFSC Full Form and what is IFSC? What is the format of IFSC Code with this? Why an IFSC Code is Required? And how to search for IFSC code? You will find answers to similar questions in this article.
You must have often used the IFSC code to use NEFT, RTGS, and IMPS to transfer money from the bank. Nowadays people use a lot of IFSC codes but even then they do not know the full form of IFSC Code. So in this article, I will tell you all the information from IFSC Full Form to IFSC Code, which will be useful for you. So stay connected with this article.
What is the IFSC Full Form?
The IFSC Full Form is “Indian Financial System Code”. It is an 11-letter alphanumeric code that is used to identify each branch of each bank in India. Any bank or its branch can be easily identified with the help of IFSC code.
If you want to know the IFSC code of any bank, then you can visit this website. On this website, you will also find the address, contact number, branch code, and MICR code of the bank.
IFSC Full Form In Hindi
The full form of IFCS is the “Indian Financial System Code” in Hindi. It is used to transfer money to India.
What is an IFSC Code?
The IFSC Code is an alphanumeric code that facilitates electronic fund transfer in India. This code uniquely identifies each bank branch participating in the two main payment systems RTGS and NEFT system in India. This code is given on the checkbook and passbook and is used to transfer money through NEFT and RTGS.
What is the format of the IFSC Code?
- It is a unique alphanumeric code of 11 characters: –
- The first four are often named after the bank.
- The fifth letter is always 0 and reserved for future use.
- The last six numeric characters represent the branch code.
- For example: – This is an “ICIC0003543” IFSC code.
- Now the first four which are often the name of the bank is ICIC ie ICici Bank.
- Fifth is the last 0 after it.
- After this, the rest of the six letters 003543 is the code of the bank branch.
How does the IFSC Code work?
The IFSC code has been assigned by RBI to identify banks and their branches that provide NEFT, RTGS, and IMPS facilities. It allows RBI to monitor banking transactions without any hassle and mistakes. The RBI can oversee and maintain all online financial transactions, namely, NEFT, RTGS, and IMPS through the IFSC code.
Why an IFSC Code is Required?
The IFSC code is used to transfer electronic funds to various banks in India. Most major bank branches involved in bank-to-bank electronic payments have a unique IFSC number. The IFSC code is used by banks to source funds for fund transfers and to target bank branches. It is also used for the exchange of messages and information in banks.
How to find the IFSC Code of your bank account?
There are many ways to find the IFSC code. You can find the IFSC code according to your convenience.
How to know IFSC Code from Passbook?
You can check the IFSC code from your bank account passbook. You will find the IFSC code on the front page in the passbook itself.
How to find IFSC code from CheckBook?
You can also see the IFSC code in your checkbook, on every check-in the checkbook, you will see the IFSC code printed on the bottom.
IFSC Full Form in Banking
IFSC Meaning (Business)
The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely identifies the bank-branch participating in the NEFT system. It is an 11-digit code with the first 4 alphabetic characters representing the bank, and the last 6 characters (usually numeric, but can represent a branch). The 5th character is 0 (zero). The IFSC is used by the NEFT system to transmit messages to the destination banks / branches.
IFSC Full Form in Sports & Recreation Organizations
IFSC Meaning (Associations & Organizations)
The International Federation of Sport Climbing (IFSC) is the international governing body for competitive climbing sports, including discipline lead climbing, speed climbing, and bouldering.
IFSC Full Form in Companies & Corporations
IFSC Meaning (Business)
The International Financial Services Center (IFSC) is a major financial services center in the North Wall, Dublin, Ireland.
How to know IFSC Code from Website?
Apart from this, you can also find the IFSC code on the Internet. For this, you have to search on Google Chrome by typing your bank name and writing ifsc code, like if you want to know ifsc code of your branch of sbi bank, then you have to search by typing sbi ifsc code on Google.
After this, by going to any website, you have to select your bank name, your city, and your branch, after which the ifsc code of your branch will come in front of you.
IFSC Meaning in various Indian Languages
|IFSC meaning in Arabic||كود النظام المالي الهندي|
|IFSC meaning in Bengali||ভারতীয় আর্থিক ব্যবস্থা কোড|
|IFSC meaning in English||Indian Financial System Code|
|IFSC meaning in Gujarati||ભારતીય નાણાકીય સિસ્ટમ કોડ|
|IFSC meaning in Hindi||भारतीय वित्तीय प्रणाली कोड|
|IFSC meaning in Kannada||ಭಾರತೀಯ ಹಣಕಾಸು ವ್ಯವಸ್ಥೆ ಕೋಡ್|
|IFSC meaning in Malayalam||ഇന്ത്യൻ ഫിനാൻഷ്യൽ സിസ്റ്റം കോഡ്|
|IFSC meaning in Marathi||भारतीय वित्तीय प्रणाली कोड|
|IFSC meaning in Nepali||भारतीय वित्तीय प्रणाली कोड|
|IFSC meaning in Punjabi||ਭਾਰਤੀ ਵਿੱਤੀ ਸਿਸਟਮ ਕੋਡ|
|IFSC meaning in Sindhi||هندستاني مالي نظام ڪوڊ|
|IFSC meaning in Tamil||இந்திய நிதி அமைப்பு குறியீடு|
|IFSC meaning in Telugu||ఇండియన్ ఫైనాన్షియల్ సిస్టమ్ కోడ్|
|IFSC meaning in Urdu||ہندوستانی مالیاتی نظام کا کوڈ|
How to find IFSC Code from bank branch?
If you are not able to use all these options, if you do not have a bank passbook and checkbook and your phone does not have internet, then by going to your nearest bank branch you want to know the IFSC code. It is to be told that if you want to know the IFSC code of your bank’s branch, then the bank will also tell you the IFSC code of your branch.
FAQ’S About IFSC Full Form
Ans. IFSC code is used by electronic payment system applications such as real-time gross settlement (RTGS), NEFT and Centralised Funds Management System (CFMS). This code is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same.
Ans. One is required to mention the MICR code while filling up various financial transaction forms such as investment forms or SIP forms or for transferring funds.
Ans. Yes, IFSC code is a unique alphanumeric code.
Ans. It is very easy to find the bank name using the IFSC code. The first four characters of the IFSC code represent the bank name. So, if the bank name is ICICI, then the IFSC code will look something like ICIC0001420.