What is IFSC and its uses?


IFSC Abbreviation:
Indian Financial System Code

IFSC code is a unique code for each bank branch, which is of eleven(11) digits in length. First 4 digit signifies bank short code and next 7 digit identified as branch code. IFSC a powerful code which is used to transfer/transact money online by national electronic fund transfer (NEFT) or by Real Time Gross Settlement (RTGS) without any hassles and papers. IFSC is mandatory for any of online transactions making india a digitally superpower
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11 BY 12 R M COMP S B MARG LOWER PAREL LPW | ANDHERI AND | ANDHERI EAST MUMBAI CAE | ANDHERI W VLA | BANDRA BNR | BHIWANDI BHI | FORT FOR | GHATKOPAR GHR | KALBADEVI ROAD KAL | KANDIVALI WEST KAN | LOK VATIKA NETIVALI KALYAN EAST THANE KNE | MALAD WEST MLW | NARIMAN POINT NPT | OVERSEAS BRANCH BOS | SERVICE BRANCH SER | THANE WEST TNW | TREASURY 18 BY 20 CAWASJI PATEL ST J J BLDG FORT | VASHI NAVI MUMBAI VAS |