Select Branch for Bank Of India in Mumbai, Maharashtra
Choose a branch to view IFSC code and details
Achhad
BKID0000096
AT ACHHAD POST UPLATTAL TALASARI DISTTHANE
Altamount Road C And P Banking
BKID0000066
EASTMEN HOUSE2669 ALTAMOUNT ROAD
Andheri Hsg And Per Finance
BKID0000128
BANK OF INDIA BUILDING1ST FLOOR
Andheri Lcb
BKID0000119
MDI BLDG 1ST FLOOR 28SV ROAD ANDHERI W
Andheri West
BKID0000002
BANK OF INDIA BLDG GROUND FLOOR28 S V ROAD
Ashokvan Borivali East
BKID0000168
SIDDHIVINAYAK GARDENS CHS LTDOFF SHIV VALLABH ROAD NEAR GOKUL HOTEL
Asset Recovery Management
BKID0000159
BOI BUILDING 2ND FLOOR 28 S V ROAD ANDHERI WEST MUMBAI 400058
Atm Cell
BKID0VG1100
VKGB ATM CELL 5TH FLOOR STAR HOUSE 2 G BLOCK OPPO JIO GARDEN GATE NO1 BKC MUMBAI 4000051
Ballard EState
BKID0000003
DARABSHAW HOUSENAROTTAM MORARJI MARG
Bandra Kurla Complex
BKID0000122
STAR HOUSEBANDRA KURLA COMPLEX
Bandra East
BKID0000087
STERLING CENTRE OPP CARDINAL GRACIUS SCHOOLSUBHAS NAGARBANDRA EAST
Bandra Kurla Complex
BKID0SABPAI
C 5 G BLOCK BKC BANDRA KURLA COMPLEX BANDRA EAST MUMBAI MAHARASHTRA 400051
Bandra Reclamation
BKID0000094
PINHEIRO APARTMENT19 A STJOHN BAPTIST ROAD
Bangli Naka
BKID0000054
BANGLI NAKA SANDURPOST VASAI
Bank Of India Imps
BKID000PIGW
MUMBAI
BelaPur
BKID0000053
BELAPUR VILLAGENEAR VIDYA PRASARAK HIGH SCHOOL
Bhakti Park
BKID0000130
TOPAZSHOP NO 789 ANIK WADALA LINK ROADBHAKTI PARKWADALA E
Bhandup West
BKID0000135
SHOP NO 1 A WING ANIRAJ TOWERS CHS LTDJANTA MARKET L B S MARG BHANDUP W
Bharat Diamond Bourse
BKID0000167
D 2D 4 GROUND FLOOR G BLOCKBANDRA KURLA COMPLEX BANDRA E FAX 26754210
Bhayandar
BKID0000085
BHARATI APTS 1ST FLOOROFFBPROADBHAYANDAR EAST
Bhiwandi
BKID0000075
26 PRABHUALI BHIWANDIDISTTHANE
Boi Payment System
BKID00VAN04
BKC MUMBAI
BoiPayment System
BKID00VAN06
BKC MUMBAI
Borivli East
BKID0000051
1ST FLOOR SHIVAM BLDGJUNCTION OF JESHTARAM KAPADIA
Borivli Link Road
BKID0000180
BORIVLI MANORATH CHS LTD TPS III 29TH ROADOFF LINK ROAD NEAR MTNL EXCHANGE BORIVLI W
Borivli West
BKID0000006
MANGAL KUNJSWAMI VIVEKANAND ROAD
Breach Candy
BKID0000007
SKY SCRAPER A4 697BHULABHAI DESAI ROADMUMBAI 400026
Bullion Exchange
BKID0000008
185 SHEIKH MEMON STREETPOST BOX NO 2313
Card Products Department
BKID0000101
CARD PRODUCTSFREE PRESS HOUSENARIMAN POINTMUMBAI BOMBAY INDIA400028
Chakala
BKID0000067
JITENDRA IND ESTATEOPP SANGAM THEATRESIR MVROAD ANDHERI E
Chembur
BKID0000009
NEAR CHEMBUR NAKAPOST BAG NO 7207
Churchgate
BKID0000010
EROS THEATRE BUILDINGJAMSHEDJI TATA ROAD
Cp Tank
BKID0000012
CHANDARAMJI GIRLS HIGHSCHOOL BLDG C P TANK
Creditcardonupi
BKID00CCUPI
DIGITAL BANKING DEPARTMENT,PNB-BOI TOWER,C-29,G-BLOCK,BANDRA KURLA COMPLEX,BANDRA (E)
Cumballa Hill
BKID0000013
KEMPS SHOPPE 1ST FLOOR141 AUGUST KRIANTI MARG NEAR HOTEL SHALIMAR
Dadar West
BKID0000015
61 GOKHALE RD NORTHNR PORTUGUES CHURCH
Dahanu Road
BKID0000145
SHOP NO51 TO 55 FIRST FLOOR VAIBHAV COMMCOMPLEX IRANI ROAD DANAHU ROAD WEST
Dahisar
BKID0000093
SUYOG APARTMENTSMHATRE ROAD
Dahisar East
BKID0000165
LUKHI EMPIRE OPP DAHISAR POLICE STMAIN S V ROAD DAHISAR EAST
Danda Khar
BKID0000056
DANDAPADACHITRAKAR DHURANDHAR MARG
Diamond Bourse Bkc
BKID0000191
D2 D4 GROUND FLOOR WEST CORE BHARAT DIAMOND BOURSE G BLOCK BKC 400051
Dn Road
BKID0000017
SADHANA RAYON HOUSED N ROAD
Dombivli
BKID0000095
SHREEDHAR NIWAS OFF MANPADA ROADRAJENDRA PRASAD ROAD
Edwan
BKID0000078
SHAKUNTALA NIWASVILL POST EDWAN
Electric House
BKID0000016
ELECTRIC HOUSEORMINSTON ROAD
Founding Branch
BKID0000301
ORIENTAL BUILDING GROUND FLOOR 364D N ROAD FORT MUMBAI
Gandhi Market
BKID0000018
PLOT NO 18 19290 A ANAND NAGAR FLANK ROADOPP SEVA SAMITI SION KOLIWADA
Ghatkopar East
BKID0000019
KIRAN NIKETANTILAK ROAD
Ghatkopar West
BKID0000020
DESAI NIWASMAHATMA GANDHI ROAD
Girgaum
BKID0000021
BHIMRAO HOUSE281 JAGGANATH SHANKARSHET ROAD
Goregaon East
BKID0000098
AJAY APARTMENT7 ISHWARBHAI PATEL ROAD
Goregaon West
BKID0000022
CREADO HOUSE NR MUNICIPAL SCHSTATION RD GOREGAON WEST
Grant Road
BKID0000023
ALANKAR BLDGBALARAM STREETMUMBAI 400 007
Indira Gandhi Instof Devrese
BKID0000102
SUCHIDHAM COMPLEXGOREGAON MULUND ROAD
J J Flyover
BKID0000148
ORIENTAL BHAVAN 211SHERIFF DEVJI STREET NE OPP MAHATMA PHULE MARKET
Jacob Circle
BKID0000059
MAULANA AZAD ROADJACOB CIRCLE
Jogeshwari East
BKID0000164
SHANTA MANGESH APT GR FLROPP ISMAIL COLLEGE HINDU FRIEND SOCIETY
Jogeshwari West
BKID0000163
GROUND FLOOR FLEXCEL PARK SV RAODJNOF JVLR AND S V ROAD JOGESHWARI WEST
Juchandra
BKID0000080
AT POST JUCHANDRATALUKA VASAI
Juhu
BKID0000081
NEHRU NAGAR AJUHU TARA ROAD
Kalbadevi
BKID0000024
ROUND BUILDINGSHAMALDAS GANDHI MARG
Kalyan
BKID0000025
GANGA 1ST FLOORZUNJARRAO NAGAR SHIVAJI PATH
Kalyan East
BKID0000126
SHIVD URGA SADANSURVEY NO 58 A HISSA NO 9
Kandivli
BKID0000062
SANGHVI CHAMBERS88 DR DALVI X ROAD
Khar
BKID0000026
THE SHELTER 32ND ROADOPP NATIONAL COLLEGE
Kharghar
BKID0000124
1ST FLOOR SWARNA COMPLEXPLOT NO 14 SECTOR7
Khodadad Circle
BKID0000027
B2 EMPRESS MAHAL1ST FLOOR
Kurla West
BKID0000170
MILESTONE BUSINESS POINT CTS NO 327LBSROAD OPP FAUZIYA HOSPITAL KURLA
Lalbaug Mumbai
BKID0000188
GRFLOOR INDRA PRASTHA CHSL LALBAUGMUMBAI 400 012
Link Road Malad West
BKID0000127
KESHAV SHRUSHTI SHOP NO 7LINK ROAD MALAD WEST
Lokhandwala Andheri West
BKID0000173
SILVER ARCH GROUND FLOOR A WING INDRADARSHAN LAYOUT LOKHANDWALA COMPLEX OPP MIL
Lokhandwala Kandivli East
BKID0000174
ANITA ACCORD AKURLI SAI DARSHAN CHS LTD 120MAIN ROAD LOKHANDWALA TOWNSHIPKANDIVLI EAST
Lower Parel
BKID0000176
MUMBAI
Mahalaxmi
BKID0000028
8A BHULABHAI DESAI ROADNEAR MAHALAXMI TEMPLE
Mahavir Nagar
BKID0000136
VEENA GEETA SANGEETHA BLD NO 3B WING 1ST FLOOR MAHAVIR NAGAR
Maheshwari Udyan
BKID0000029
452 453 BHAU DAJI ROADBEHIND PARASNATH JAIN TEMPLE
Mahim
BKID0000030
GOHIL HOUSELADY JAMSHEDJI ROAD
Malad East
BKID0000084
DWARKESH NEVATIA NAGARRANI SATI MARG
Malad West
BKID0000031
SWAMI VIVEKANAND ROADPOST BOX NO 7603
Malavani
BKID0000187
SAVERA HEIGHTS CTS NO2878B MALAVANI
Mandvi
BKID0000032
KANMOOR HOUSE281287 NARSI NATHA STREET
Marol Andheri East Branch
BKID0000179
MAROL BHAVAN MAROL CO OP INDUSTRIAL ESTATEOFF NO 123J B NAGAR ANDHERI EAST
Marve Road
BKID0000172
TRIVENI COOP HOUSING SOCIETY LTD SHOP NO8MARVE ROADMITH CHOWKI JUNCTION MALAD W
Mazgaon
BKID0000070
141 PORBANDARWALLA ESTATEDR MASCARENHAS ROAD
Mulund East
BKID0000050
SHREE VALLABH APARTMENTHANUMAN CHOWK
Mulund West
BKID0000069
1112 LALA DEVI DAYAL ROADMULUND WEST
Mumbai Central
BKID0000005
SAHKTI SADAN C BLKDR DADA SAHEB BHADAKA
Mumbai Housing Finance
BKID0000111
MANGAL KUNJSVROAD BORIVLLIE WEST
Mumbai Large Corporate
BKID0000160
ORIENTAL BLDG GROUND FLOOR364 DN ROAD FORT
Mumbai Lcb Office
BKID000ZO59
70 80 MG ROAD MEZZANINE FLOOR FORT
Mumbai Main
BKID0000001
7080 MAHATMA GANDHI ROADPOST BOX NO238
Mumbai North Zonal Office
BKID000ZO60
2ND FLOOR MALAD WESTS V ROAD
Mumbai Nri
BKID0000107
BOI BUILDING GROUND FLR7080 MG ROAD FORT MUMBAI
Mumbai Overseas
BKID0000150
MUMBAI OVERSEAS BR MEZANINE FLOOR7080 MGROAD FORT MUMBAI 400001
Mumbai Service
BKID0000200
MUMBAI SERVICE BRANCH REGENT CHAMBERS11TH FLOOR NARIMAN POINT MUMBAI 400 021
Mumbai South Retail Hub
BKID0000133
70 80 MAHATMA GANDHI ROADIST FLOOR FORT
Mumbai South Zonal Office
BKID000ZO61
70 80 MG ROADMEZZANINE FLOOR FORT
Nagpada
BKID0000055
NAGPADA NEIGHBOURHOOD HOUSEDIMTIMKAR ROAD
Naigaum Cross Road
BKID0000035
95 DADA SAHEB PHALKE ROADDADAR
Nana Chowk
BKID0000036
296 296 ASHANKAR SETH MANSION
Nariman Point
BKID0000057
AIR INDIA BUILDING216 BACKBAY RECLAMATION
Nariman Point Large Corporate
BKID0000147
92 93 FREE PRESS HOUSE 9TH FLRFREE PRESS JOURNAL MARG 215 NARIMAN POINT
Nepean Sea Road
BKID0000064
66 NEPEAN SEA ROADLAXMIBAI JAGMOHANDAS MARG
Nhawa Shewa
BKID0001232
PORT USERS BLDGJNPTNHAWA SHEWA
Null Bazar
BKID0000060
AHMED MANZIL105 113 ROUDAT TAHIRA STREET
Opera House
BKID0000076
HERMES HOUSEMAMA PARMANAND MARG
Parel
BKID0000083
183 ST XAVIER STREETPAREL
Powai
BKID0000132
PARADISE E WINGUNIT NO 1 2RAHEJA VIHAR CHANDIVLI FARM ROADPOWAI
Prabhadevi C And P Banking
BKID0000037
VIP HOUSE NO 88 COPP PRABHADEVI ROAD
Prarthana Samaj
BKID0000039
SERVANTS OF INDIA SOCIETY BLGD417 SARDAR VALLABHBHAI PATEL MARG
Rajaji Path
BKID0000103
PLOT NO46 SAMADHANRAJAJI PATHDOMBIVLI EAST
Ramdas Nayak Marg
BKID0000004
GEETANEEL ARCADE RAMDAS NAYAK MARGBANDRA WEST
Saki Naka
BKID0000038
SAGARTECH PLAZAANDHERI KURLA ROAD
Sakinaka Mid Corporate
BKID0000146
SAGAR TECH PLAZA ANDHERI KURLA ROADSAKINAKA JUNCTION ANDHERI E MUMBAI 400072
Santacruz
BKID0000040
GREEN BUNGALOW S V ROADPOST BOX NO 6903
Satpati
BKID0000088
AT POST SATPATITALUKA PALGHAR
Seepz
BKID0000071
SEEPZ SERVICE CENTRE BUILDINGMAROL INDUSTRIAL AREA
Seepz Mid Corporate Branch
BKID0000161
SEEPZ MIDC ANDHERI EAST MUMBAI 400096
Service Branch
BKID000NEFT
2ND FLOOR, FREE PRESS HOUSE , FREE PRESS HOUSE ROAD,NARIMANPOINT,MUMBAI
Sewri West Branch
BKID0000166
12 RAJIV INDUSTRIAL ESTATE TOKERSHI JIVRAJSEWRI WEST
Shivajipark Branch
BKID0000153
INDRAVADAN COOPHSGSOCIETY LTDGROUND FLOOR
Sion
BKID0000041
29 AMBA BHAVANMAHARANI LAXMIBAI CHOWK
Small Scale Industries Andheri
BKID0000090
MATHURIA APARTMENT49 SIR MV ROAD ANDH
Spl Asset Recovery Managemen
BKID0000154
1ST FLOORBANK OF INDIA BUILDING
Star Cms Hub Brnach
BKID0000157
CO MUMBAI MAIN BRANCH70 80 MG ROAD FORT
Stock Exchange
BKID0000086
PHIROZE JEEJEEBHOY TOWERSNEW STOCK EXCHANGE BUILDING
Tambe Nagar
BKID0000097
ANAGHA COOPHOUSING SOCIETYDR SAROJINI NAIDU ROAD
Tamtalao
BKID0000074
MULGAONPOST VASAI
Tardeo Road
BKID0000042
MILAN APARTMENTS87TARDEO ROAD
Thakur Village
BKID0000221
SHOP NO 1,MUNICIPAL RETAIL MARKET C WING OF VICEROY SAVANA POISAR,THAKUR VILLAGE,KANDIVALI EAST
Treasury
BKID0000156
STAR HOUSE 7 TH FLOOR C 5 G BLOCK BANDRA KURLA COMPLEX BANDRA E MUMBAI 400 051
Turbhe
BKID0000044
ENGLISH SCHOOL COMPOUNDPLOT NO 34 SECTOR 24
Turner Road Bandra
BKID0000063
21 22 TURNER ROADBANDRA WEST
UlhasNagar Five
BKID0000073
PREM NIVAS ABOVE POST OFFICEULHASNAGARDIST THANE
UlhasNagar Main
BKID0000045
FURNITURE BAZAR PBNO11ULHASNAGAR
Vashi
BKID0000089
MARKET COMPLEX BLDGSECTOR 1516
Versova C And P Banking
BKID0000061
JAY PRAKASH ROADNEAR DHAKE COLONY
Vidyavihar West
BKID0000193
SHOP NO 17 NILKANTH CORPORATE PARK
Vikhroli Parksite
BKID0000100
AARTI AMRUTNAGAROFF PARK SITE ROAD NO 6
Vile Parle East
BKID0000046
52 HANUMAN ROADVILE PARLE EAST
Vile Parle West
BKID0000058
377SMITH KIRAN BUILDING S V ROAD VILE PARLES V ROAD VILE PARLE MUMBAI 400056
Wadala East
BKID0000099
EUCRESS BUILDINGWADALA EAST
Wadala West
BKID0000052
328 KATRAK ROADWADALA
Wakadpada
BKID0000104
VILL WAKADPADAKASARA JAWAHAR ROAD
Walkeshwar
BKID0000047
NAVYUG NIKETAN185 WALKESHWAR ROAD
Wodehouse Road C P Banking
BKID0000048
SETH MF PANDAY CHARIBUILDING 108 110 WOD
Worli Naka
BKID0000049
PANKAJ MANSIONOPP PODAR HOSPITAL
Yari Road
BKID0000105
KALYAN COMPLEXYARI ROAD
What are Bank Of India IFSC Codes?
The Indian Financial System Code, commonly known as the IFSC code, is an alphanumeric code crucial for the electronic transfer of funds within the Indian banking system. This code helps in identifying specific bank branches, ensuring that electronic transactions like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are conducted smoothly and accurately.
The IFSC code acts as a guide that directs money to the right bank branch, whether it is for a money transfer to a friend, payment of a bill, or business transactions.
How to Read the Structure of the Bank Of India IFSC Code
The IFSC code is an 11-character code consisting of three distinct elements:
- First Four Characters: These letters indicate the name of the bank. For instance, the first four alphabets in the code represent the bank's name.
- Fifth Character: This is always '0' (zero) and is reserved for potential future use in the system.
- Last Six Characters: These can be either numeric or alphabetic and identify a specific branch of the bank.
Example: An IFSC code may appear as "BANK0123456." Here, "BANK" denotes the bank, and "0123456" identifies the specific branch. This unique combination ensures that each branch of every bank has a distinct identification number, allowing the precise identification of the account's location.
How to Locate an Bank Of India IFSC Code
Locating an IFSC code is relatively straightforward and can be done using any of the following methods:
- Cheque Book: The cheque leaves issued by your bank carry the IFSC code, usually printed on the upper section of the leaf.
- Bank Passbook: The IFSC code is typically found on the first page of the bank passbook provided at the time of opening the account.
- Official Websites of Banks: Most banks provide a search tool on their websites that allows you to find their respective IFSC codes based on branch location or branch name.
- Online Banking Portals: IFSC codes are provided in most online banking systems, enabling customers to find the code related to their bank branch.
- Mobile Banking Apps: Many banking apps allow you to view branch details, including IFSC codes.
- RBI Website: The Reserve Bank of India maintains an official list of all banks and their respective branch IFSC codes on its website.
Importance of IFSC Code in Fund Transfers
The IFSC code plays a significant role in secure and efficient fund transfers in the following ways:
- NEFT (National Electronic Funds Transfer): The IFSC code ensures that funds are transferred accurately from one account in a bank to another account in a different bank in India.
- RTGS (Real-Time Gross Settlement): The IFSC code ensures the safety and speed of high-value transactions where money needs to be transferred at once.
- IMPS (Immediate Payment Service): An instant fund transfer service where the IFSC code directs funds to the correct branch instantly.
- Error Prevention: Accurate use of the IFSC code minimizes the chances of funds being directed to the wrong account or branch, thereby reducing errors.
Benefits of Using IFSC Code
Here are the main benefits of IFSC codes you must know:
- Increased Security: Using the correct IFSC code ensures the transaction reaches the correct branch of the bank, minimizing errors or misdirected funds.
- Faster and More Efficient: IFSC codes streamline the fund transfer process, making it faster than traditional methods.
- Universal Use: Since the IFSC code system is standardized across all banks in India, it can be used for transfers between any banks.
Procedure to Perform Bank Of India Fund Transfer Using IFSC Code
Fund transfer using an IFSC code is a simple yet vital process:
- Log in Through Online Banking: Use your mobile banking app or Internet banking portal to log in to your bank.
- Fund Transfer: Select the option for fund transfer, choosing between NEFT, RTGS, or IMPS.
- Add Recipient Details: Enter the recipient's name, account number, bank name, and the IFSC code of their branch.
- Validate Details: Verify the entered details to avoid errors. Incorrect bank and IFSC details can lead to the rejection of your fund transfer request.
- Confirm Transfer: After confirmation, the money will be transferred. Depending on the mode of transfer, the amount may be transferred within a few seconds or minutes.
How to Open a Bank Of India Bank Account
Opening a bank account is a simple if you have the necessary documents and meet the eligibility criteria:
Eligibility Criteria
- Any citizen over 18 years old is eligible to open a bank account.
- In the case of minors, parents or guardians can open an account on their behalf.
- Non-residents are also eligible, provided they fulfill certain conditions established by the banks.
Required Documents
- Proof of Identity: Aadhaar Card, Passport, Voter ID, or any government-issued ID.
- Proof of Address: Aadhaar Card, Passport, utility bills, or any valid document proving residence.
- PAN Card: A PAN card is required for tax compliance.
- Passport Size Photographs: Usually, two to three recent photographs are needed.
- Form 16: In certain cases where a PAN card is not available, Form 16 may be considered.
Process to Open an Account
- Visit a Bank: Visit a branch of your chosen bank, or apply online if the bank offers an online application service.
- Fill Out the Form: Complete the account opening form with your personal information.
- Submit Documents: Provide documents verifying your identity and address.
- Initial Deposit: Make an initial deposit if required by the specific type of account.
- Account Activation: Once your documents are verified, your account will be activated, and you will receive a passbook, checkbook, and debit card.
- Register for Internet and Mobile Banking: Register for Internet and mobile banking services to facilitate easy transactions.
Loan EMI Calculator: Importance and Types
For anyone taking a loan, an EMI calculator is a vital and useful tool. Based on the loan amount, interest rate, and repayment period, it assists you in calculating the monthly repayment amount. You may better manage your money and make sure the loan doesn't put a burden on your resources by using an EMI calculator. It helps you steer clear of any unpleasant shocks later on by giving you a clear image of your financial commitment.
Loan Calculators
- Loan Calculator VA: Specifically designed for VA loans, helping veterans calculate their mortgage payments.
- Loan Calculator Vehicle: Assists in determining 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.
EMI Calculators
- EMI Calculator for Home Loan: Helps in calculating the Equated Monthly Installment (EMI) for home loans.
- EMI Calculator Us: Tailored 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
An IFSC code is an essential component of the Indian banking system, ensuring the secure electronic transfer of funds. Whether you're doing a simple NEFT transfer or a high-value RTGS transaction, the IFSC code plays an indispensable role in smooth banking operations. Knowing how to find and use this code is crucial for anyone conducting electronic transactions in India.
Frequently Asked Questions (FAQs)
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric code used to identify a specific branch of a bank in India. It is required for electronic fund transfers like RTGS and NEFT.
The IFSC code is crucial for ensuring safe and error-free transfers from one bank to another. It helps route transactions through the correct bank branch.
You can find the IFSC code on your cheque book and passbook or on your bank's official website. The Reserve Bank of India also publishes a list of IFSC codes.
Yes, the IFSC code is required to complete electronic fund transfers like NEFT, RTGS, and IMPS. Without the IFSC code, the transfer cannot be completed.
In Internet banking, the IFSC code of the beneficiary's bank and branch ensures safe and accurate transfers.
No, each branch of a bank has a unique IFSC code, making it easier to identify the specific branch for transactions.
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