IFSC Code of Axis Bank, West Bengal, Kolkata, Sovabazar

UTIB0001626

Axis Bank

Axis Bank

IFSC Code

UTIB0001626
MICR Code

700211076
Bank Name Axis Bank
District Kolkata
State West Bengal
Address Ground & First Floor, 134b, Akshay Kumar Dutta Sarani, Kolkata, West Bengal, Pin 700006
Phone

UPI

Available

NEFT

Available

RTGS

Available

IMPS

Available

IFSC Code of the Axis Bank Branch Near You

List of all Axis Bank Branch IFSC Code

Ajc Bose Road

UTIB0005665

GROUND FLOOR,225 C,AJC BOSE ROAD NEAR PARK PRIME HOTEL,PO AJC BOSE ROAD DIST KOLKATA
Akanksha More Rajarhat

UTIB0004480

GR FLOOR PLOT NO 2 C 1 UNIT NO AST 001 ACTION AREA 11 C RAJARHAT AKANKHA MORE NEW TOWN 700161
Akra Fatak, Kolkata

UTIB0001926

GROUND & FIRST FLOOR,W-197/A, S.A.FAROOQUIE ROAD,AKRA FATAK, KOLKATA,WEST BENGAL,PIN 700018
B L Saha Road

UTIB0005591

BUILDING NAME NIJO NEER,154 A, BL SHAH ROAD, PO NEW ALIPORE, PS BEHALA, DISTRICT KOLKATA
B T Road

UTIB0005805

GROUND AND FIRST FLOOR, 36C, BT ROAD, OM TOWER, OPPOSITE RABINDRA BHARATI UNIVERSITY
Badu

UTIB0005265

1 BY Y THAKURPUKUR ROAD, ITKHOLA, BADU, MADHYAMGRAM, BARASAT, WEST BENGAL, NORTH 24 PARGANAS
Baghajatin

UTIB0004161

RENU VILLA FIRST FLOOR 17 S C MALLICK ROAD BAGHAJATIN PO BAGHAJATIN PS PATULI KOLKAT 700086
Baghbazar

UTIB0005588

GROUND AND 1ST FLOOR, 2A, NAYAN KRISHNA SHAH LANE
Baguiati

UTIB0000026

MANGALIK, H/H-19/1, VIP ROAD BAGUIATI.
Bakultala

UTIB0005442

GROUND AND FIRST FLOOR 32 BIREN ROY ROAD OPP BIDYA BHARATI SCHOOL PO SARSUNA PS PARNASREE
Ballygunj Phari

UTIB0003707

GR.FLOOR,PRESIDENCY COURT, 55 GARIHAT ROAD, KOLKATA 700019
Bangur

UTIB0003436

GR FLR DESTINY VILLA 270 BLOCK A BANGUR AVENUE PO BANGUR PS LAKE TOWN WEST BENGAL KOLKATA 700055
Barasat

UTIB0001695

35/B JESSORE ROAD, BARASAT, DIST.NORTH 24 PARGANAS, WEST BENGAL PIN 700124
Barisha

UTIB0006131

GROUND FLOOR,8 1 1 K K ROY CHOWDHURY ROAD,PO BARISHA,PS THAKURPUKUR,KOLKATA
Bbd Bagh

UTIB0001138

64A, HEMANTA BASU SARANI,NEAR STEPHEN HOUSE, BBD BAGH,KOLKATA, WEST BENGAL , PIN 700001
Behala

UTIB0000034

76/69 DIAMOND HARBOUR ROAD BEHALA CHOWRASTA
Belghoria

UTIB0001229

BELGHORIA,75/2 FEEDER ROAD, KOLKATA-700056
Beliaghata

UTIB0001783

FIRST FLOOR, 13B, SURESH CHANDRA BANERJEE ROAD, KOLKATA, WEST BENGAL, PIN 700010
Bentinck Street

UTIB0003206

FIRST FLOOR 85 BENTICK STREET BOWBAZAR KOLKATA WEST BENGAL PIN 700001
BhawaniPur

UTIB0005419

GROUND FLOOR, 4A, SHAMBHU NATH PANDIT STREET, KEDIA HOUSE, LANDMARK GOL HANUMAN MANDIR
BidhanNagar

UTIB0004545

GC 190 SECTOR 3 BIDHANNAGAR
Birati

UTIB0003865

GR AND 1ST FLOOR,HOUSE NO.184,176 JESSORE RD,PO AND PS AIRPORT, DUM DUM MUNICIPALITY, N 24 PGS, KOL 81
Brabourne Road

UTIB0002184

GROUND & FIRST FLOORS, 3/1/2, ARMENIAN STREET (BRABOURNE ROAD), P.S. BURRABAZAR, KOLKATA, DIST.KOLKATA, WEST BENGAL, PIN 700001
Burra Bazar [kolkata]

UTIB0000277

4A CHAITAN SETT STREET KOLKATA
C N Roy Road

UTIB0004551

GROUND FLOOR 28 5 C N ROY ROAD TILJALA KOLKATA 700039
Central Avenue, Kolkata

UTIB0000870

31 A & B, TARA CHAND DUTT STREET KOLKATA, WEST BENGAL PIN 700073
Chandni Chowk

UTIB0004531

GROUND FLOOR HOUSE NO 8 BARICK BHAWAN CR AVENUE BESIDE EMALL PO PRINCEP ST PS BOWBAZAR
Charu Market

UTIB0002778

GR FIRST FLOOR MERLIN MANOR 32 DESHPRAN SASMAL ROAD TOLLYGUNGE KOLKATAWEST BENGAL PIN 700033
Chatterjeehat Howrah

UTIB0003945

GR FLOOR,71 SARAT CHATTERJEE RD WARD NO 41,PO CHATTERJEEHAT,PS CHATTERJEEHAT,KOL 711104
Chetla

UTIB0002793

FIRST AND 2ND FLR 296C CHETLA CENTRAL ROAD WARD NO 82 CHETLA KOLKATA 700027
Chinarpark

UTIB0003598

GR FLR HOLDING NO AS306BLF1213ATGHARA 211 ROAD PHOOLTALACHINAR P NORTH 24 PGNSW BENGAL KOLKATA 700136
Chowringhee Kolkata

UTIB0005146

KANAK BUILDING, 41, CHOWRINGHEE ROAD
Cit Road Kolkata [west Bengal]

UTIB0000161

2 / 1 / 4, DEB LANE KOLKATA
Cossipore

UTIB0005723

GROUND FLOOR, 19, BT ROAD, PO COSSIPORE
Dakshineswar

UTIB0001507

JIBAN KUNJA, 48/1F, R N TAGORE ROAD , DAKSHINESWAR, KOLKATA, WEST BENGAL , PIN 700076
Dalhousie Square Branch

UTIB0000153

MUKTI CHAMBERS,GROUND FLOOR, 4 CLIVE ROW,
Downtown Mall

UTIB0005347

GROUND FLOOR, DOWNTOWN MALL, SHOP NO 0004, ACTION AREA III, PO AND PS NEW TOWN
Dum Dum [kolkata]

UTIB0000284

7B MOTIJHEEL AVENUE PO MOTIJHEEL, DUM DUM,
Dunlop (kolkata)

UTIB0000236

SHREE TOWERS, 101A/1, BARRACKPORE TRUNK ROAD
East Zonal Office - Ezo

UTIB0000144

1ST FLOOR, 5, SHAKESPEARE SARANI, KOLKATA 700 071) (ADDITIONAL SPACE TAKEN ON 19.10.2006 - NAGALAND HOUSE COMMERCIAL COMPLEX, 7TH FLOOR, 11, SHAKESPEARE SARANI, KOLKATA 700071, WEST BENGAL
Elliot Road Branch

UTIB0004704

GROUND├╜FLOOR ARRJAVV SQUARE ELLIOT ROAD PO PARK STREET PS PARK STREET
Emami City

UTIB0005330

GROUND AND FIRST FLOOR, 1 OR 2, N C SEN AVENUE COMPLEX, RAJA PALACE, JESSORE ROAD, OPP EMAMI CITY HOUSING
Entally Branch

UTIB0002785

FOMRA TOWERS 84 A AJC BOSE ROAD KOLKATA 700014
Ganesh Chandra Avenue, Kolkata

UTIB0000836

INDIA HOUSE 69, GANESH CHANDRA AVENUE KOLKATA, WEST BENGAL, PIN 700013
Garia (south Kolkata)

UTIB0000232

37, RAJA SUBODH CHANDRA MULLICK ROAD KOLKATA
Gariahat

UTIB0005563

INDU 1 8,DOVER LANE,LANDMARK GARIAHAT POLICE STATION,PO SARAT BOSE ROAD,PS GARIAHAT PS
Ghatakpukur

UTIB0005187

GROUND FLOOR, JL NO100, RS NO 18, RS KHATIAN NO 948, RS DAG NO 1499, PO B GOBINDAPUR, PS BHANGAR, SOUTH 24 PARGANAS
Girish Park

UTIB0005749

GROUND FLOOR, 54, VIVEKANANDA ROAD
Golpark

UTIB0000011

20,GARIAHAT ROAD GOLPARK
Gp Block Saltlake Sector V Branch

UTIB0004378

PLOTJ2 BLOCK GP SEC V OPP SRIJAN CORPORATE PARK KOLKATA 711201
Hare Street

UTIB0004107

GROUND FLOOR 3A HARE STREET ASHOKA HOUSE NEAR BAKSHALL COURT KOLKATA 700001
HaridevPur

UTIB0002635

GROUND AND FIRST FLOOR 463 MAHATMA GANDHI ROAD KOLKATA 700082
Harish Mukherjee Road

UTIB0002756

GROUND FLOOR HAPPY PRESTIGE 82 HARISH MUKHERJEE ROADPS BHOWANIPORE KOLKATA PIN 700026
Hatibagan

UTIB0005408

GROUND FLOOR AND FIRST FLOOR,143 1,BIDHAN SARANI,LANDMARK OPP TO STAR THEATRE
Hazra

UTIB0005854

GROUND FLOOR FIRST FLOOR, 39 A, HAZRA ROAD, PO BALLYGUNJ, PS BALLYGUNJ, DISTRICT KOLKATA
JadavPur

UTIB0001607

GROUND & FIRST FLOOR, 55A/1, JADAVPUR CENTRAL ROAD, KOLKATA, WEST BENGAL, PIN 700032
JodhPur

UTIB0005230

GROUND FLOOR AND FIRST FLOOR, 1 OR 383, GARIAHAT ROAD SOUTH, JODHPUR PARK, PS LAKE THANA, PO JODHPUR PARK
Kalindi

UTIB0004023

GRD FLR, PLOT NO.99, KALINDI HOUSE ESTATE, DIST NORTH, 24 PARGANAS 700089
Kamarhati

UTIB0004312

GR FLR HOLDING F176 1 BT RD SHIBALAYA PO KAMARHATI PS BELGHORIA OPP SAGAR DUTTA HOSPITAL 700058
Kankurgachi

UTIB0000017

P-35, CIT ROAD, SCHEME VII (M) MANICKTALA MAIN ROAD, KOLKATA
KestoPur

UTIB0002984

GR FL BAZAR RAJBANSHI PARA NO 35 KRISHNAPUR RD M KRISHNAPUR 180 RSKHATIANPS BAGUIATI DIST 24 700102
Khadina More Chinsurah

UTIB0004182

GROUND FLOOR JL NO 17 CHINSURAH STATION ROAD LAND MARK MUKHERJEE BAGAN PO CHINSURAH DIST HUGLI WB 712102
Khanna

UTIB0005235

GROUND AND FIRST FLOOR, HIMADRI TOWER, 242 1 AND 242 1 1 ACHARYA PRAFULLA CHANDRA ROAD
Khardaha

UTIB0001356

MAA SARADA APARTMENT,21/19, B.T. ROAD , KHARDAHA,P.O & P.S: KHARDAHA,WEST BANGAL, PIN 700117.
Khidderpore

UTIB0002683

GROUND AND FIRST FLOOR ASHOK ENCLAVE 69 KHIDDERPORE KOLKATA WEST BENGAL PIN 700023
Kolkata Branch

UTIB0000005

7, SHAKESPEARE SARANI KOLKATA
Kolkata Corporate Banking Branch

UTIB0001164

AC MARKET BUILDING, 3RD FLOOR, 1 SHAKESPEARE SARANI, KOLKATA - 700 071
Kudghat

UTIB0004005

GR FLR 171 CHANDI GHOSH ROAD,NEAR KUDGHAT METRO STATION,KOLKATA,WEST BENGAL 700040
Lake Garden

UTIB0003150

GROUND FORST FLOOR 2341 PRINCE ANWAR SHAH ROAD LAKE GARDEN KOLKATA700045
Lake Town,kolkata(west Bengal)

UTIB0000191

MANSHA BARI, P-249 LAKE TOWN BLOCK B, KOLKATA
Lansdowne

UTIB0002545

GROUND AND FIRST FLOOR,81A SARAT BOSE ROAD,MERLIN ASTER,KOLKATA,WEST BENGAL,PIN 700026
Lenin Sarani

UTIB0002261

GROUND FLOOR, 150 LENIN SARANI, IN FRONT OF KOLKATA GIRL, KOLKATA, PIN-700013
Loknath Mandir

UTIB0006122

GROUND FLOOR,TWIN TOWER,169 12 13,RAJARHAT ROAD,DISTRICT NORTH 24 PARGANAS
Madurdaha

UTIB0003107

AMBALIKA PREMISES NO 346 HOSSENPUR WARD NO 108 BOROUGH NOXII KOLKATA 700107
Mahatma Gandhi Road

UTIB0005713

GROUND FLOOR, VINAYAK LANDMARK, 149, MG ROAD, PO BURRABAZAR, PS JORASANKO, DISTRICT KOLKATA
Manicasadona

UTIB0005213

UPPER GROUND FLOOR, UNIT NO R2 MANICASADONA, 11F, 04, STREET NUMBER 372, ACTION AREA I, 11F NEW TOWN
Maniktala

UTIB0001743

212, VIVEKANANDA ROAD, 1 ST FLOOR, KOLKATA WEST BENGAL, PIN 700006
Manoharpukur

UTIB0005310

GROUND FLOOR AND FIRST FLOOR, 144, SARAT BOSE ROAD, NEAR RAMKRISHNA MISSION SEVA PRATISTHAN HOSPITAL
Manton (kolkata

UTIB0000721

538, DIAMOND HARBOUR ROAD KOLKATA 700034, WEST BENGAL
Metiabruz

UTIB0002046

J-142,PAHARPUR ROAD,KOL-700024
Metropolitan

UTIB0002783

GR AP11BCANAL STREET SOUTH ROADPS METROPOLITANSOUTH 24 PARGANASWEST BENGAL PIN 700105
MominPur

UTIB0006045

GROUND AND FIRST FLOOR, 54 DIAMOND HARBOUR ROAD
NarayanPur Kolkata

UTIB0004872

GR FLR, HOLDING NO 123, MONIKHOLA, NARAYANPUR, PO RAJARHAT GOPALPUR, PS NARAYNAPUR
Narkeldanga

UTIB0002597

GROUND FLOOR SHOP NO 2 3 AND 4 74 1 NARKELDANGA MAIN ROAD PIN 700054
New Alipore [kolkata]

UTIB0000351

60, BANKIM MUKHERJEE SARANI NEW ALIPORE
New Barrackpore

UTIB0001656

BASUDHA APARTMENT, 33 & 35 A.P.C. ROAD, NEW BARRACKPORE, PS GHOLA, DIST. NORTH 24 PARGANAS, WEST BENGAL, PIN 700131
New Garia

UTIB0001482

25, SRINAGAR MAIN ROAD , NEW GARIA, DIST. SOUTH 24 PARGANAS, KOLKATA, WEST BENGAL , PIN 700094
New Market

UTIB0005165

GR AND MEZZANINE FLOOR, WACHEL MOLLA MANSION, 8 LENIN SARANI, OPP GAJKUMAR GRAND SONS, PO DHARMATALA
P C Sarani New Alipore

UTIB0005587

THE SIGNATURE, 70 1 PRAMATHA CHOWDHURY SARANI, LAND MARK NEW ALIPORE PETROL PUMP
Paddapukur

UTIB0001311

58-B, PADDAPUKUR ROAD ,KOLKATA, WEST BENGAL , PIN 700020
Pallisree

UTIB0002938

6 2 BIJOYGARHOPP SBI ATM KOLKATA 700032
Park Circus

UTIB0002082

GROUND AND FIRST FLOOR, 45,JHAWTALA ROAD, ON SYED AMIR ALI AVENUE, KOLKATA,DIST.KOLKATA, WEST BENGAL,PIN 700019
Park Street

UTIB0002780

GR MEZZANINE FLOOR 12PARK STREET KOLKATA WEST BENGAL PIN 700016
Parnasree Pally

UTIB0004141

GRND FRT FLR 16 PARNASREE PALLY ROAD NO 2 NEAR PARNASREE CLUB VOLLY BALL GROUND PO PARNASREE PALLY PS PARNASREE
Phoolbagan

UTIB0005975

GROUND FLOOR,P 336,SWAMI SWARUPANANDA SARANI,PO PHOOLBAGAN,PS MANIKTALA,DIST KOLKATA
Poddar Court

UTIB0005080

GR FLOOR, 1,LU SHUN SARANI, WARD NO43, NEAR PODDAR COURT, PO BOWBAZAR, PS HARE STREET, KOLKATA700073
Posta

UTIB0002940

17A RATAN SARKAR GARDEN LANE KOLKATA 700007
Prince Anwar Shah Road,kolkata

UTIB0000255

CITY HIGH 85 PRINCE ANWAR SHAH ROAD
R N Mukherjee Road

UTIB0005090

GROUND FLOOR, SB MANSION, 16, RN MUKHERJEE ROAD, BESIDE BANDHAN BANK, GPO, PS HARE STREET
Rahara Bazar Khardah

UTIB0006143

GROUND FLOOR, 3 331, OLD CALCUTTA ROAD, OPPOSITE TO DOMINOS, RAHARA
Raja Ram Mohan Roy Road

UTIB0001562

65, RAJA RAMMOHAN ROY ROAD, SUNITI TOWERS, BLOCK B EXTENSION, PS THAKURPUKUR, KOLKATA, WEST BENGAL, PIN 700082
Rashbehari Avenue (kolkata)

UTIB0000253

41 B, RASHBEHARI AVENUE
Rodkol

UTIB0001884

GROUND AND FIRST FLOOR,177,JESSORE ROAD, SHYAMNAGAR,RODKOL,DUMDUM,KOLKATA, DIST.NORTH 24 PARGANAS, WEST BENGAL,PIN 700055
Roy Bahadur Road

UTIB0005441

21 A,ROY BAHADUR ROAD,LANDMARK 14 NO BUS STAND,PO BEHALA,PS BEHALA
Ruby Park

UTIB0002045

AXIS BANK LTD,KASBA,RUBY PARK THE CHAMBERS,GR FLOOR, 1865 RAJDANGA MAIN ROAD, KOLKATA-700107
Sakher Bazar

UTIB0005721

GR FF FLR, PREMISES NO 54, SANTOSH ROY ROAD, JAMES LONG SARANI CROSSING, PO BARISHA, KOLKATA
Salt Lake City -kolkata

UTIB0000025

BD-20, SECTOR I, SALT LAKE CITY
Salt Lake Sector Ii

UTIB0001707

BJ-110, SECTOR II, NEAR 206 BUS STAND, SALTLAKE CITY, KOLKATA, DIST. NORTH 24 PARGANAS, WEST BENGAL, PIN 700091
Salt Lake Sector One

UTIB0005020

GROUND FLOOR,BB 31,1ST AVENUE,LANDMARK PUNJAB NATIONAL BANK,PO BIDHANNAGAR NORTH,DISTRICT NORTH 24 PARGANAS, WEST BENGAL
Salt Lake, Sector Iii, Kolkata

UTIB0000775

IB 201, SECTOR III SALT LAKE, KOLKATA 700106 WEST BENGAL
SantoshPur Avenue Battala Po SantoshPur

UTIB0004441

GR FLR HOUSE NO 59 SANTOSHPUR AVENUE BATTALA PO SANTOSHPUR PS PURBA JADAVPUR 700075
Sarat Bose Road Branch

UTIB0000411

SARAT BOSE ROAD LANSDOWN TOWERS,2/1A SARAT BOSE ROAD
Sarsuna

UTIB0005004

GROUND FIRST FLOOR, 4110 SARSUNA MAIN ROAD, OPPOSITE CALCUTTA TELEPHONE OFFICE, SARSUNA
Sealdah

UTIB0002634

GROUND AND FIRST FLOOR 56 2 APC ROADTIRUSHIVAM BUILDING PO AND PS AMHERST ST KOLKATA 700009
Service Br (kolkata)

UTIB0000141

5 SHAKESPEARE SARANI
Shakuntala Park

UTIB0002636

GROUND FLOOR MERLIN EMERALD 183 BIREN ROY ROAD P S THAKURPUKUR KOLKATA 700061
Shyambazar (calcutta)

UTIB0000084

126A, BIDHAN SARANI SHYAMBAZAR
Silpara Behala

UTIB0004234

GROUND FLOOR 105 DIAMOND HARBOUR ROAD NEAR BHAJAN ASHRAM PO BARISHA PS THAKURPUKUR 700008
Sinthee

UTIB0002757

GROUND FLOOR BINAYAK ENCLAVE 59 KALICHARAN GHOSH ROAD PS BARANAGAR KOLKATA PIN 700050
SodePur Ghola

UTIB0001561

348, BARASAT ROAD, GHOLA BAZAR, P.S. GHOLA, KOLKATA, DIST. NORTH 24 PARGANAS, WEST BENGAL, PIN 700111
Strand Road

UTIB0005847

GROUND FLOOR, DECON MERCANTILE BUILDING, 38 STRAND ROAD
Survey Park

UTIB0001143

GROUND & 1ST FLOOR, C - 194, SURVEY PARK, SANTOSHPUR, OPP : KISHORE BHARATI STADIUM, PS : EAST JADAVPUR, KOLKATA - 700 075.
Teaboard

UTIB0005103

GROUND FLOOR, 9, BRABOURNE ROAD
Thakurpukur

UTIB0001883

GROUND AND FIRST FLOOR,308/1A, DIAMOND HARBOR ROAD,THAKURPUKUR, KOLKATA,WEST BENGAL, PIN 700063
Tollygunge

UTIB0000045

207 N S C BOSE ROAD TOLLYGUNGE
Tollygunge Metro

UTIB0005409

54, NSC BOSE ROAD, PO REGENT PARK, PS REGENT PARK
Topsia

UTIB0002759

GR FLOOR ARIHANT BENCHMARK 113F MATHESWARTALA ROAD
Triangular Park

UTIB0004906

GROUND AND FIRST FLOOR, 92, 1, B JATIN DAS ROAD
Ultadanga

UTIB0003440

GR FLR P192 CIT RD SCHEME VII M OPP SONY CENTER ULTADANGA MAIN RD WEST BENGAL KOLKATA 700067
Vivekananda Road

UTIB0001574

38, VIVEKANANDA ROAD, P.S. GIRISH PARK, KOLKATA, WEST BENGAL, PIN 700007

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code issued by the Reserve Bank of India to every bank branch in India. This code is used to uniquely identify each branch and facilitates easy electronic payments. In the Indian banking system, the IFSC code is essential for smooth electronic transactions like NEFT, RTGS, and IMPS. Each IFSC code is specifically assigned to a branch, making it easily identifiable and ensuring every transaction is executed perfectly.

IFSC Code Structure

The IFSC code is an 11-character code that follows the structure below:

  • First Four Characters: Alphabets indicating the bank's name. In "BANK0123456," "BANK" signifies the bank.
  • Fifth Character: This is always '0' (zero), reserved for future use to ensure flexibility.
  • Last Six Characters: Either alphabets or numbers characterizing the specific branch of the bank.

Example: In the IFSC code "SBIN0016654," "SBIN" identifies the bank, and "016654" identifies the branch. This unique format makes every branch easily identifiable.

How to Obtain the IFSC Code

Finding an IFSC code is easy. Here are a few methods:

  • Cheque Book: Look at the upper-left section of the cheque leaves issued by the bank for your IFSC code.
  • Bank Passbook: The IFSC code is also provided on the first page of the bank passbook given when you open an account.
  • Official Website of the Bank: Nearly all banks offer an online search facility where you can find the IFSC code of their branches.
  • Online Banking Portals: Within online banking services, you can find the IFSC code for your branch or any other.
  • Mobile Banking Apps: Most banking apps have an option for branch details, where you can check the IFSC code.
  • RBI Website: The Reserve Bank of India maintains a comprehensive list of all banks and their branches with their respective IFSC codes.
  • Third-Party Websites: Some third-party websites that offer fund transfer services provide the IFSC code based on the bank and branch name.

Why is the IFSC Code Important in Fund Transfers?

The IFSC code is crucial for various electronic fund transfers. Here’s how it is used in different payment systems:

  • NEFT (National Electronic Funds Transfer): IFSC Codes facilitate the transfer of funds from one bank account to another in India, ensuring transactions are forwarded to the right bank and branch smoothly and without mistakes.
  • RTGS (Real-Time Gross Settlement): For high-value transactions, the IFSC code ensures secure and instant monetary transfers through real-time gross settlement.
  • IMPS (Immediate Payment Service): The IFSC code enables instant fund transfers, especially between different banks. IMPS operates 24/7, and the IFSC code ensures the transaction is directed to the correct branch instantly.
  • Error Prevention: Using the correct IFSC code reduces the chance of remitting money to the wrong account due to an incorrectly entered IFSC code. It acts as a control checkpoint to ensure the transaction is being sent to the intended recipient's bank branch.

What is the Use of an IFSC Code?

The IFSC code has numerous uses within the banking system:

  • Enable Electronic Transfers: IFSC codes are essential for electronic transactions such as NEFT, RTGS, and IMPS. No transaction can be made without this code.
  • Unique Identification of Bank Branch: Every IFSC code uniquely identifies a particular bank branch to ensure transactions reach the right destination.
  • Ensures Risk-Free Transactions: The IFSC code ensures that money reaches the correct bank and branch, eliminating errors in the transaction process.
  • Enables Online Banking: IFSC codes are crucial when adding a new beneficiary in online banking systems, ensuring the correct routing of funds.

Importance of Loan and Interest Calculator

Calculators are indispensable tools for financial planning, helping users make informed decisions. Here are some of the most commonly used types:

Loan Calculators

  • Loan Calculator Vehicle: Helps determine monthly payments for vehicle loans.
  • Loan Calculator 30 Year: Calculates monthly payments for a 30-year loan term.
  • Loan Calculator Yearly Payment: Provides an annual breakdown of loan payments.
  • Loan Calculator VA: Tailored for VA loans, assisting veterans in calculating their mortgage payments.

EMI Calculators

  • EMI Calculator for Home Loan: Calculates the Equated Monthly Installment (EMI) for home loans.
  • EMI Calculator US: Designed for users in the US to compute their home loan EMIs.
  • EMI Calculator on Home Loan: Another tool for calculating home loan EMIs, ensuring accurate monthly payment estimates.

Interest Calculators

  • Interest calculator yearly: Calculates the annual interest on loans or investments.

SIP Calculators

  • SIP Calculator India: Designed for Indian investors to calculate returns on Systematic Investment Plans (SIPs).
  • SIP Calculator Return: Estimates the returns on SIP investments.
  • SIP Calculator Mutual Fund: Calculates potential returns from mutual fund SIPs.
  • SIP Calculator Months: Provides monthly breakdowns of SIP investments.
  • SIP Calculator Online: An online tool for calculating SIP returns.
  • SIP Calculator Yearly: Offers yearly projections of SIP returns.

PPF Calculators

  • PPF Calculator India: Calculates returns on Public Provident Fund (PPF) investments in India.
  • PPF Generator: Generates detailed reports on PPF investments.
  • PPF Calculator 15 years: Estimates returns over a 15-year period.
  • PPF Calculator 30 years: Projects returns over a 30-year period

Conclusion

The IFSC code is a vital part of the Indian banking world, ensuring safe and easy online fund transfers. Whether you are doing NEFT, RTGS, or IMPS, the IFSC code ensures that your money reaches its intended destination. It is also significant in handling cheques, where the MICR code plays an important role. Together, these codes are crucial in enabling the smooth operation of banking transactions. Understanding their importance and correct use is indispensable for anyone dealing with electronic transactions in India.

Frequently Asked Questions

The IFSC code ensures the correct routing of electronic fund transfers to the concerned bank's particular branch, reducing errors and making transactions secure.

The IFSC code can be found on the bank's checkbook, passbook, official website, RBI website, or mobile banking application.

No, different branches of every bank have different IFSC codes to identify each branch correctly for internet-based transactions.

If you enter the wrong IFSC code while transferring funds, the transaction may be declined or sent to the wrong bank. Immediately contact your bank to rectify the issue.

The IFSC code comprises 11 characters: the first four characters represent the bank, the fifth is '0', and the remaining six describe the specific branch.

No, the IFSC code is designed for domestic electronic fund transfers in India. International transactions are made using SWIFT codes.

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