Complete Guide of IFSC Codes in India 

In India, electronic fund transfer is popular among the citizens, and it has rapidly helped the economy’s growth after demonetisation. The hassle-free transfer rate and convenience have popularised the trend of electronic fund transfer. 

While doing domestic transactions, the IFSC code plays a key role. However, many users find it difficult to search for their bank’s respective IFSC code. The following guide on the IFSC code and IFSC code finder will make your transactions seamless. 

What is IFSC Code?

IFSC code, the abbreviation of the Indian Financial System Code, is an eleven-digit alpha-numeric code. IFSC Codes help to identify a particular bank and branch for transferring funds. One can search for their bank’s IFSC code on the chequebook or use the IFSC code finder to get the details. 

In the IFSC code, the initial four digits indicate the bank. Then, the fifth code is always zero, and the remaining six digits are the branch code or the bank location. 

Also, you must know the IFSC code of the receiver bank along with the account number of the recipient. If the receiver is unsure about their bank’s IFSC code, then you can ask them to use the IFSC code finder. 

How Can We Get IFSC Code?

One can easily search for their IFSC code with the help of an IFSC code finder. 

For example, if you have a State Bank of India account, you can see the SBI IFSC code printed on the chequebook and passbook. You can visit the official RBI website and find the IFSC for your branch. You can also find it on several third-party websites. 

Why is The IFSC Code Important?

IFSC codes in banking transactions are important, and they cannot be overlooked. It is a must-have information for performing online banking transactions. Additionally, some benefits of the IFSC code are as follows:  

  • It helps the RBI to keep a record of all bank transactions. 
  • IFSC code helps to get an accurate idea of the bank branch where the receiver’s account is. 
  • IFSC codes help to boost the country’s economy by smoothing business transactions.
  • If you are travelling or paying bills or bookings, then you can also use IFSC codes for paying bills. 

The Uniqueness of the IFSC Code

The IFSC code for every bank is unique, just like a PNR number which you can see on your ticket. A PNR number ensures that no multiple passengers can book the same seat on a train. Similarly, the IFSC code finder is used to ensure that no two bank branches are the same. These codes are generated to ensure quick and hassle-free electronic fund transfers. If you want to perform RTGS and NEFT, these transfers can only be done based on the account number and IFSC code. 

RBI is The Only Authority Over The IFSC Code 

If we discuss generating, alternating, allowing, or cancelling the IFSC code, RBI has complete authority. If any changes are there in the IFSC code of the bank branch, then the users can get new codes easily from the bank.  

The bank account holders must simply ask for a newly updated chequebook and the new IFSC code printed on it. 

IFSC Code Advantages

The advantages of using the IFSC code are as follows:

  • Minimises mistakes made during the transmission of money.
  • NEFT, RTGS, and IMPS assistance is provided while making an electronic fund transfer.
  • Everything is now reliant on the internet thanks to the advent of digitisation. As a result, account customers can quickly transfer funds online using the IFSC Code. 
  • Indian State Bank, any bank branch in India, can be located using the IFSC code.

For example, the SBI IFSC code – SBIN0070837 Janakpuri branch, New Delhi. Similarly, SBI IFSC Code SBIN0070001 is for SBI’s Mumbai main branch. 


If you want to transfer money hassle-free, then the IFSC code can help you. It will take the responsibility to protect the money by safely crediting money to the beneficiary’s account. So, while transferring funds online, make sure you confirm the IFSC code. If you still have a doubt, then you can take the help of the SBI IFSC code finder and get the IFSC code.

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