What is an IFSC Code?
IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies a bank-branch participating in any RBI regulated funds transfer system. The code is used by Electronic Payment System applications such as RTGS, NEFT and IMPS.
NEFT
National Electronic Funds Transfer for secure payments.
RTGS
Real Time Gross Settlement for high-value transactions.
IMPS
Immediate Payment Service for instant 24/7 transfers.