IFSC CODE

IFSC Code is used to facilitate money transfer across banks in the transfer methods like NEFT, RTGS, and IMPS... No, IFSC Code and SWIFT Code are not the same. Both these codes are completely different. IFSC Code is given to each branch whereas some banks have one SWIFT Code to process every International transaction... IFSC Code, also known as Indian Financial System Code, is a unique alphanumeric code assigned to each bank branch in India. It is used for electronic funds transfer, such as NEFT, RTGS, and IMPS, within the country. The Reserve Bank of India (RBI) is responsible for assigning and maintaining these codes.

Also known as: ifsc code find