Frequently Asked Questions About IFSC Codes

IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to identify each bank branch participating in electronic fund transfer systems like NEFT, RTGS, and IMPS. The code ensures that your money reaches the correct bank and branch when making online transfers.

An IFSC code has 11 characters with a specific structure:

Yes, IFSC code is mandatory for all electronic fund transfer methods in India including:

• NEFT - National Electronic Funds Transfer
• RTGS - Real Time Gross Settlement
• IMPS - Immediate Payment Service

Without the correct IFSC code, your transaction will fail or be delayed.

You can find your bank's IFSC code in several ways:

Yes, absolutely! You don't need an account number to find an IFSC code. You only need to know:

• • Bank name (e.g., State Bank of India)
• • Branch name or location (e.g., Connaught Place)
• • City or state

Search on our website using any combination of these details to find the IFSC code for any branch.

Yes, every bank branch has a unique IFSC code. Even if two branches are in the same city or building, they will have different IFSC codes. This ensures that your money reaches the exact branch where the beneficiary's account is held. That's why it's crucial to use the correct IFSC code for the specific branch.

If you enter an incorrect IFSC code:

Always verify: Double-check the IFSC code before confirming any transaction to avoid delays or complications.

Yes, IFSC codes can change in specific situations:

• • Bank Merger: When banks merge, IFSC codes are updated (e.g., subsidiary banks merging with SBI)
• • Branch Relocation: If a branch moves to a different location
• • Branch Closure: If a branch closes and accounts transfer to another branch
• • Bank Name Change: First 4 characters may change if bank changes name

Important: Banks notify customers in advance about IFSC code changes. Always keep your saved payees updated.

Both identify bank branches but are used in different payment systems.

SWIFT code (also called BIC) is an 8-11 character code used for international wire transfers.

When you need SWIFT code:

• ✓ Receiving money from abroad
• ✓ Sending money to foreign countries
• ✓ International business transactions

No, IFSC code is not needed for UPI payments. UPI (Unified Payments Interface) uses Virtual Payment Addresses (VPA) like yourname@bankname instead of account numbers and IFSC codes.

However, IFSC code was used once when you first linked your bank account to UPI app.