BankIFSC Pro

IFSC (Indian Financial System Code) is an 11-character code used for electronic fund transfers like NEFT, RTGS, and IMPS. MICR (Magnetic Ink Character Recognition) is a 9-digit code primarily used for processing checks. While IFSC identifies a specific bank branch in the electronic payment systems, MICR helps in the mechanical processing of checks and other documents.

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

• Check your bank passbook or account statement
• Look at your checkbook
• Visit your bank's official website
• Use our BankIFSC Pro search tool to search by bank name, branch, or location
• Contact your bank's customer service

Yes, IFSC codes can change in certain circumstances:

• When banks merge (e.g., State Bank of India merged with its associate banks)
• If a branch location changes
• During bank rebranding or reorganization
• When RBI issues new codes for regulatory purposes

It's always advisable to verify the IFSC code before initiating any transaction, especially if you haven't used it recently.

IFSC codes are mandatory for electronic fund transfers through NEFT, RTGS, and IMPS systems. However, for UPI (Unified Payments Interface) transactions, you typically use a UPI ID or mobile number linked to your bank account instead of an IFSC code. For transfers within the same bank (intra-bank transfers), some banks may not require an IFSC code since they can identify accounts through their internal systems.

If you enter an incorrect IFSC code:

• The transaction might fail immediately if the code doesn't exist
• If the code exists but is incorrect, the funds might be transferred to a different branch than intended
• The money could go to a wrong account if all other details match with an existing account
• Recovery of funds sent with incorrect IFSC can be a complicated process

Always double-check the IFSC code before confirming any transaction to avoid such issues.

No, SWIFT codes and IFSC codes are different. SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes are used for international wire transfers between banks across the globe. IFSC codes are specific to Indian banks and are used for domestic transfers within India. If you're sending money internationally to or from India, you would need the SWIFT code of the bank. For domestic transfers within India, you need the IFSC code.