There are around 135 banks in India participating in NEFT (National Electronic Funds Transfer) or RTGS (Real Time Gross Settlement).
IFSC Code (Indian Financial System Code) is used for uniquely identifying bank and its branch for the purpose of money transfer using NEFT/RTGS.
MICR (Magnetic Ink Character Recognition) Code Each bank branch is given a unique nine digit MICR code and this helps to identify the bank branch and speed up the Cheque or DD clearing process.
Below is the list of all banks participating in NEFT and RTGS; browse through below list of banks to locate or find details of particular bank branch.Select the Bank:
The Indian Financial System Code or IFSC Code is a unique alpha numeric code given to each bank branch taking part in RTGS (Real Time Gross Settlement) or NEFT (National Electronic Funds Transfer) fund settlement systems in India.
IFSC Code is used by RTGS or NEFT systems to route funds from one bank account to another bank account.
This is an 11 character code with four characters representing bank name and the rest seven characters representing branch.
Magnetic Ink Character Recognition (MICR) is a character recognition technology used vastly in the banking industry to recognize the codes (called MICR Code) printed on the cheques, Demand Drafts etc.,
In India, each bank branch is given a unique nine digit MICR code and this helps to identify the bank branch and speed up the Cheque or DD clearing process.