Here you can find the IFSC Code, MICR Code and the other bank details to transfer your money safely and quickly through NEFT, IMPS and RTGS all over India.
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
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IFSC code | MICR Code
1.
2. Overview
ï” Indian Financial System Code is termed as IFSC
ï” Every branch of the bank has a unique code for its identity
ï” Reserve Bank of India has provided this 11 character code in
alphanumeric
ï” In Electronic Fund Transfer IFSC code plays a primary and main role
3. Why IFSC Code ?
ï” NEFT : National Electronic Fund Transfer Mechanism required IFSC
code to transfer money without any limitation.
ï” RTGS : Real Time Gross Settlement, where also IFSC code plays a
major role. Reserve Bank of India (RBI) has announced that RTGS
can be done only if the value is above 2 Lakhs.
ï” IMPS : Immediate Mobile Payment Service also known as Interbank
Mobile Payment Service which helps to transfer money 24*7 with
correct IFSC code.
5. How To Find IFSC Codes
ï” All IFSC code has 11 character in which first four characters represent the
particular bank name, fifth character is always zero (0) and the last six
digit character will be the unique number for each and every branch.
ï” All the banks are recommended to print the IFSC code in their cheque
book.
ï” IFSC code also helps to find the MICR code, SWIFT code and bank
address.
ï” Find all the details in a single page.
6.
7. Simple Steps For You
ï” Select your bank name
ï” Select the state
ï” Select the district
ï” Select the branch