Search any bank branch IFSC, MICR & address
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code assigned by the Reserve Bank of India (RBI) to uniquely identify every bank branch in India that participates in electronic fund transfers. The IFSC code is essential for NEFT, RTGS, and IMPS transactions.
An IFSC code like SBIN0001234 has three parts:
| Feature | NEFT | RTGS | IMPS |
|---|---|---|---|
| Full Form | National Electronic Fund Transfer | Real Time Gross Settlement | Immediate Payment Service |
| Speed | 30 min - 2 hours | Real-time (minutes) | Instant (seconds) |
| Min Amount | Rs. 1 | Rs. 2,00,000 | Rs. 1 |
| Max Amount | Rs. 10,00,000 | No limit | Rs. 5,00,000 |
| Availability | 24x7 | 24x7 | 24x7 |
| Charges | Free (most banks) | Free (most banks) | Rs. 0-15 |
Without the correct IFSC code, your online fund transfers will fail or go to the wrong branch. Always double-check the IFSC code before making large transfers. An incorrect IFSC code is one of the most common reasons for failed bank transactions in India. If you enter a wrong IFSC code, the transaction will typically be returned within 24-48 hours, but it can cause delays and inconvenience.