What is IFSC?

IFSC stands for Indian Financial System Code. The Indian Financial System Code (IFSC) is being used as the addressing code in user-to-user message transmission in the structural financial messaging system (SFMS). These codes are used by the Payment System Applications such as RTGS, CFMS and NEFT developed by the Reserve Bank of India.

The code consists of 11 Characters. The first 4 characters of the code (4!A) represent the entity; Fifth position has been defaulted with a ‘0′ (Zero) for future use; and the Last 6 character (6!X) denotes the branch identity. The RBI has identified the IFSC code to be used for various payment system projects within the country. IFSC would cover all networked branches in the country in the due course. The banks would be in need of a single identifiable unique code when all the banks start participating in electronic payment system and at that time IFSC would serve the purpose effectively.

You can get IFSC codes of all banks in India from RBI website.