How to Check IFSC Code — Complete Guide to Find Bank Branch Code

Rubi had opened her first savings account in New Delhi. With much anticipation, she opened her welcome package and found her chequebook and passbook. She wanted to deposit ₹10,000 but had to refrain from doing so when the cashier requested her IFSC number.

Confused, Rubi went home to try to solve the problem. She learnt that bank branches are identified for NEFT, RTGS, and IMPS payments using the Indian Financial System identifier (IFSC), an 11-digit alphanumeric identifier named "HDFC0000035". The last six characters indicate the branch, the fifth is always "0," and the first four represent the bank's identification.

The code has been written on the top of her passbook and on the leaf of her cheque.

Understanding the Structure of an IFSC Code

The Indian Financial System Code (IFSC) is a unique 11-character alphanumeric identifier assigned to each branch of a bank in India. It is essential for electronic funds transfer systems like NEFT, RTGS, and IMPS.

Breakdown of the IFSC Code

The structure of an IFSC code is as follows:

• First 4 characters: Represent the bank code (alphabetic).
   
• 5th character: Always '0' (zero), reserved for future use.
   
• Last 6 characters: Denote the specific branch code (alphanumeric)
   

For example, in the IFSC code ICIC0000206:
 

• ICIC: Represents ICICI Bank.
   
• 0: Reserved for future use.
   
• 000206: Denotes the specific branch code.

This structure ensures that each branch has a unique identifier, facilitating accurate and secure electronic transactions.

Importance of the IFSC Code

The IFSC code is crucial for:
 

• NEFT (National Electronic Funds Transfer): Allows one-to-one bank transfers.
   
• RTGS (Real Time Gross Settlement): Facilitates real-time settlement of interbank transactions.
   
• IMPS (Immediate Payment Service): Enables instant mobile-based money transfers.

Incorrect IFSC codes can lead to failed transactions or funds being credited to the wrong account, underscoring the importance of accuracy.

How to check the IFSC Code on a Bank Passbook?

You can find the IFSC code:
 

• Cheque Book: Printed on the top left corner of a cheque leaf.
   
• Passbook: Listed along with account details.
   
• Bank's Website: Most banks provide a branch locator tool.
   
• RBI Website: The Reserve Bank of India maintains a list of IFSC codes for all participating branches.

Always ensure you use the correct IFSC code to avoid errors in electronic transactions.

For example:
 

• Cheque Book: On an HDFC Bank cheque, the IFSC code HDFC0000456 is printed at the top left corner. This refers to HDFC Bank’s Fort Mumbai branch.
   
• Passbook: In an SBI passbook, the IFSC code SBIN0000691 appears along with account details, identifying the SBI Parliament Street, New Delhi branch.
   
• Bank's Website: Using ICICI Bank’s branch locator, entering “Bandra West, Mumbai” shows IFSC code ICIC0000032 for that location.
   
• RBI Website: Searching for “Punjab National Bank, Connaught Place” on the RBI site returns IFSC code PUNB0395400.

What Reserve Bank of India (RBI) define as the IFSC Code?

The Indian Financial System Code (IFSC), according to the Reserve Bank of India (RBI), is an 11-character alphanumeric code that is used to uniquely identify each bank branch taking part in the many electronic payment systems in India, including RTGS, IMPS, and NEFT. In order to ensure that money is transmitted to the right person in a secure and accurate manner, this code is essential for message routing in financial transactions.

Verifying the IFSC Code via the Bank's Official Website
 

Tips for Verifying IFSC Codes Accurately:
 

• Use Only Official Websites: Always verify IFSC codes on your bank’s official website or the RBI website to avoid phishing sites.
   
• Avoid Common Typos: Many IFSC codes differ by a single digit or character. Double-check every detail.
   
• Compare with Cheque/Passbook: Match the IFSC from the website with that printed on your chequebook or passbook.
   
• Use RBI’s Tool for Confirmation: The RBI’s IFSC Directory allows you to verify branch details across all banks.
   
• Numerical Patterns Help: For example, most HDFC Bank IFSC codes start with HDFC000, while SBI typically starts with SBIN000.

Conclusion

Understanding how to look for an IFSC code is crucial for secure and effective online banking. Always check the code before completing any electronic transaction, whether you're using the RBI portal, the bank's official website, a chequebook, or a passbook. Your money will arrive at the appropriate branch safely and promptly if you have the correct IFSC number.

Faqs
 

Q. What is an IFSC code?

An IFSC code is an 11-character code that uniquely identifies a bank branch for electronic transactions.

Q. Where can I find my IFSC code?

You can find it on your cheque book, passbook, or the bank’s official website.

Q. Can I check the IFSC code online?

Yes, through the RBI website or your bank’s branch locator tool.

Q. Is it safe to use third-party websites for IFSC lookup?

It’s recommended to use only official or RBI-listed sources to ensure accuracy.

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.