IFSC Code of Kotak Mahindra Bank, Karnataka, Bangalore, Bangalore - JayaNagar Ninth Block
KKBK0008170
Kotak Mahindra Bank
| IFSC Code |
KKBK0008170 |
|---|---|
| MICR Code |
560485035 |
| Bank Name | Kotak Mahindra Bank |
| District | Bangalore |
| State | Karnataka |
| Address | Kotak Mahindra Bank Ltd, Pid No.64-134-1, East End Main Road, Jayanagar 9th Block, Bangalore - 560041. Karnataka |
| Phone | +9118602662666 |
UPI
Available
NEFT
Available
RTGS
Available
IMPS
Available
IFSC Code of the Kotak Mahindra Bank Branch Near You
List of all Kotak Mahindra Bank Branch IFSC Code
Akshaya Nagar Branch
KKBK0008316
GROUND FLOOR SITE NO 54 YELENAHALLI MAIN ROAD AKSHAYA NAGAR BANGUR HOBLI OFF BANNERGATTA ROAD BANGALORE 560068
Avenue Road Bangalore
KKBK0008047
489 AVENUE ROAD BANGALORE 560002
Banashankari
KKBK0000427
SHOP NO 58 & 59 SREE BHAVANI HOUSING CO T BLOCK BANASHANKARI KATHRIGUPPE BANGALORE - 560085
Banashankari Bangalore
KKBK0008076
GROUND FLOOR, NO60, 80 FT ROAD, PADMANABHANAGAR, NEAR KEDIRAHALLI PETROL BUNK, UTTARAHALLI MAIN ROAD, BANGALORE - 560070
Bangalore - Bellandur
KKBK0009808
KOTAK MAHINDRA BANK LTD, QUBE SOFTWARE PARK, S. NO. 133/2, ORR, GEAR SCHOOL RAOD, BHOGANAHALLI, BELLANDUR, BANGALORE - 560103, KARNATAKA.
Bangalore - Cambridge Layout
KKBK0008133
GROUND FLOOR, NO.10, VINYASA, CAMBRIDGE ROAD, ULSOOR, BANGALORE 560008
Bangalore - Chandra Layout
KKBK0008164
KOTAK MAHINDRA BANK LTD, 1562, CHANDRA LAYOUT, ATTIGUPPE, BANGALORE - 560040. KARNATAKA
Bangalore - Cunningham Road
KKBK0008130
GROUND FLOOR, MSB I, KSCMF BUILDING NO. 8, CUNNINGHAM ROAD, BANGALORE 560052
Bangalore - Devanahalli
KKBK0008152
KOTAK MAHINDRA BANK LTD, PILLAPPA ORCHID BUILDING, RANI CIRCLE, DEVANAHALLI TOWN, BANGALORE RURAL, BANGALORE -562110. KARNATAKA
Bangalore - Hsr Layout, Nineteenth Main
KKBK0008169
KOTAK MAHINDRA BANK LTD, 1783, PHOENIX HOUSE, 1ST SECTOR, 19TH MAIN, HSR LAYOUT, BANGALORE -560102. KARNATAKA
Bangalore - IndiraNagar
KKBK0000431
KOTAK MAHINDRA BANK, 309,BINNAMANGALA, 100 FEET ROAD, INDIRANAGAR 1ST STAGE, BANGALORE - 560038
Bangalore - Kadugodi
KKBK0008167
KOTAK MAHINDRA BANK LTD, UPTOWN SQUARE, WHITEFIELD - HOSKOTE ROAD, SEEGEHALLI, KADUGODI, WHITEFIELD, BANGALORE - 560067. KARNATAKA
Bangalore - Katriguppe Circle
KKBK0008171
KOTAK MAHINDRA BANK LTD, 02, 100 FEET RING ROAD, 5TH BLOCK, 3RD PHASE, KATRIGUPPE CIRCLE, BANASHANKARI 3RD STAGE, BANGALORE - 560085, KARNATAKA.
Bangalore - Majestic
KKBK0000426
NO.1, GOKUL MAJESTIC, SRINIVASA MANDIRAM ROAD, MAJESTIC (NEXT TO MAJESTIC THEATRE), BANGALORE, KARNATAKA -560 009.
Bangalore - SarjaPura Road
KKBK0009807
KOTAK MAHINDRA BANK LTD, SANDS GATEWAY, NO. 520/4, KATHA, NO.2224/1120, SARJAPURA MAIN ROOD, BANGALORE 562125. KARNATAKA
Bangalore - Thippasandra
KKBK0000429
KOTAK MAHINDRA BANK LTD. 28 - MICRO VILLAGE CENTER, H.A.L, 3RD STAGE, 80 FEET ROAD, NEW THIPPASANDRA. PIN CODE - 560 075
Bangalore - Vijaya Bank Layout
KKBK0008156
KOTAK MAHINDRA BANK LTD, VIJAYA BANK EMPLOYEES HOUSE BLDG CO.OP.SO LTD, VIJAYA BANK LAYOUT, BANGALORE - 560076. KARNATAKA
Bangalore -jayNagar
KKBK0000421
HEERA PARADISE 487 9TH MAIN RD , 4TH BLOCK JAYNAGAR , BANGALORE - 560 011
Bangalore -jp Nagar Seventh Phase
KKBK0008128
UPPER GROUND FLOOR, SHOP NO 5 & 6, SAI SUMUKHA CLASSIC, JP NAGAR 7TH PHASE, J P NAGAR, BANGALORE - 560078
Bangalore -lavelle Road
KKBK0000422
10/7 , UMIYA LANDMARK LAVELLE ROAD NEXT TO CHANCERY HOTEL BANGALORE KARNATAKA - 560 001
Bangalore Bannerghatta
KKBK0008073
SYNDICATE BANK COLONY B G ROAD BANGALORE KARNATAKA 560076
Bangalore Bhattarahalli
KKBK0008145
KOTAK MAHINDRA BANK LTD 34 1 MAHAVEER CHALLET OLD MADRAS ROAD K R PURAM BHATTARAHALLI 560049 KARNATAKA
Bangalore Cash Point
KKBK0008092
KOTAK MAHINDRA BANK NO 130 I FLOOR BRIAND SQURE MYSORE RD NEW THARAGUPET BANGALORE 560002 KARNATAKA
Bangalore Electronic City
KKBK0008334
GROUND FLOOR SHOP NO 1 AJMERA AVENUE BLOCK S NEELADRI ROAD PHASE I ELECTRONIC CITY BANGALORE 560100
Bangalore Hennur
KKBK0008150
KOTAK MAHINDRA BANK LTD, 485-B.M.R COMPLEX, HENNUR MAIN ROAD, BANGALORE - 560043. KARNATAKA
Bangalore Hrbr Layout
KKBK0008054
SITE NO 221 7TH MAIN 2ND BLOCK HRBR LAYOUT KALYAN NAGAR BANGALORE KARNATAKA 560043
Bangalore Itpl Main Road
KKBK0008155
KOTAK MAHINDRA BANK LTD, KATHA NO. 783/255, PATTANDUR, AGRAHARA, ITPL MAIN ROAD, BANGALORE - 560067. KARNATAKA
Bangalore Jakkur
KKBK0008146
KOTAK MAHINDRA BANK LTD 4 SAI RAM MCHS LAYOUT JAKKUR BANGALORE 560064 KARNATAKA
Bangalore Jp Nagar
KKBK0008043
JP NAGAR 6TH PHASE GROUND FLOOR SHRISTI NO 21 24TH MAIN ROAD JP NAGAR BANGALORE 560078
Bangalore Kengeri
KKBK0008142
KOTAK MAHINDRA BANK LTD 1114 KENGERI SATELLITE TOWN EXTENSION KENGERI BANGALORE 560060 KARNATAKA
Bangalore Koramangala Branch
KKBK0008040
GROUND FLOOR,CORPORATION NO 13,NATIONAL GAMES VILLAGE RD,4TH BLOCK EXT,KORAMANGALA,BANGALORE 560034
Bangalore Manyata Tech Park
KKBK0008137
KOTAK MAHINDRA BANK LTD 9 AND 10 PHASE IV GREENHEART MFAR MANYATA TECH PARK NAGAWARA BANGALORE 560045 KARNATAKA
Bangalore Mathikere
KKBK0008149
KOTAK MAHINDRA BANK LTD 4 SANDEEP MATHIKERE EXTENSION H M T MATHIKERE MAIN ROAD MATHIKERE BANGALORE 560054 KARNATAKA
Bangalore Nagarbhavi
KKBK0008141
KOTAK MAHINDRA BANK LTD 220 6TH BLOCK DR B R AMBEDKAR ROAD NAGARBHAVI 2ND STAGE BANGALORE 560056
Bangalore Peenya
KKBK0008339
GROUND FLOOR D 436 PEENYA 2ND STAGE INDUSTRIAL AREA 10TH MAIN ROAD 14TH CROSS BANGALORE 560058
Bangalore Raja Rajeshwari Nagar
KKBK0008337
GROUND FLOOR NO 916 A IDEAL HOMES CO OPERATIVE SOCIETY RAJA RAJESHWARI NAGAR BANGALORE 560098
Bangalore Sahakara Nagar Branch
KKBK0008045
GROUND FLOOR FORTUNA SQUARE SITE NO 41 AND 42 SAHAKARA NAGAR BANGALORE 560092
Bangalore T C Palya Main Road
KKBK0008151
KOTAK MAHINDRA BANK LTD, R E COMPLEX, NO.21 & 22, AKSHAY NAGAR, KOWDENAHALLI, T.C. PALYA MAIN ROAD, BANGALORE - 560016. KARNATAKA
Bangalore Thannisandra
KKBK0008083
84 2 MONARCH SRENITY RK HEDGE NAGAR THANISANDRA MAIN ROAD BANGALORE KARNATAKA 560077
Bangalore Varthur Main Road
KKBK0008134
KOTAK MAHINDRA BANK LTD 225 1 AND 2 GUNJUR VARTHUR MAIN ROAD BANGALORE 560087
Bangalore White Field
KKBK0008042
75 2 GIDDENS LAYOUT WHITE FIELD MAIN ROAD BANGALORE KARNATAKA PIN CODE 560 066
Basaveshwara Nagar Branch
KKBK0008035
BASVESHWARA NAGAR BRANCH-BANGALORE GROUND FLOOR, YASHODHARA , CORPORATION NO.881/A, MODI HOSPITAL ROAD, BASAVESHWARA NAGAR 2ND STAGE, WEST OF CHORD ROAD, BANGALORE-560079
Bellandur Branch
KKBK0008122
UPPER GROUND FLOOR GMR COMPLEX NO 74 3 OUTER RING ROAD BELLANDUR BANGALORE 560103
Bommanahalli Bangalore
KKBK0008057
NO 220 3 54 SIDDAPPA COMPOUND HOSUR MAIN ROAD BOMMANAHALLI BANGALORE 560068
Btm Layout Bangalore
KKBK0008077
NO 740 MICO EMPLOYEES GRUHA NIRMANA SANGHA LAYOUT BTM LAYOUT BANGALORE 560076
Chamrajpet Branch
KKBK0008124
GR FLR NO 49 40 61 5TH MAIN ROAD K P PUTTANNA CHETTY ROAD CHAMARAJAPET K G NAGAR BANGALORE 560018
Chickpet Bangalore
KKBK0008048
234 I FLOOR GARUDACHAR COMPLEX CHICKPET BANGALORE 560053
Coffee Board Branch
KKBK0008321
GR FLR 228 227 267 WARD NO7 AT COFFEE BOARD EMPLOYEES CO OP HOUSING SOCIETY LAYOUT YELAHANKA HOBI KEMPAPURA HEBBAL BANGALORE 560024
Devasandra Bangalore
KKBK0008075
KOTAK MAHINDRA BANK LTD, GROUND FLOOR, NO. 587, AECS LAYOUT, C BLOCK, KUNDALAHALLI, WARD NO. 85, BANGALORE - 560037, KARNATAKA
Frazer Town Bangalore
KKBK0008061
NO 44 COLES PINNACLE COLES ROAD FRAZER TOWN BANGALORE 560005
H S R Layout Bangalore
KKBK0008072
12 BDA COMMERCIAL COMPLEX H S R LAYOUT BANGALORE 560102
High Court Bangalore
KKBK0008085
HIGH COURT OF KARNATAKA HIGH COURT BUILDINGS DR AMBEDKAR VEEDHI BANGALORE 560001
Hsr Layout Main Branch
KKBK0008112
GROUND FLOOR NO 240 A 27TH MAIN SECTOR II HSR LAYOUT BENGALURU 560102
IndiraNagar Bangalore
KKBK0008068
KOTAK MAHINDRA BANK LTD GROUND FLOOR , NO.4002/A , 100FT ROAD, HAL II STAGE, INDIRANAGAR, BANGALORE - 560 008, KARNATAKA
Infantry Road Bangalore
KKBK0008059
9 OLD NO 7 SRI VARDHAMAN MAHAVIR JAIN SANGHA INFANTRY ROAD BANGALORE 560001
JayaNagar Bangalore
KKBK0008058
KOTAK MAHINDRA BANK LTD,GROUND FLOOR, 176/42, DINAKARAN COMPLEX, 22ND CROSS, 3RD BLOCK, NEAR NANDA THEATRE,JAYANAGAR, BANGALORE , 560011
Jp Nagar
KKBK0000433
MUNICIPAL CORPORATION NO.27, AND 28, 15TH CROSS ROAD, 100 FT ROAD, JP NAGAR, 4TH PHASE, WARD NO. 57, BANGALORE-560078
Jp Nagar Bangalore
KKBK0008081
NO 457 14TH MAIN 9TH CROSS J P NAGAR II PHASE BANGALORE 560078
K R Road Bangalore
KKBK0008074
NO 757 11 OCEANA CHAMBERS 13 TH CROSS STREET 7 TH BLOCK K R ROAD JAYANAGAR BANGALORE 560082
Kadabagere
KKBK0008262
GROUND FLOOR, 1 PRAGATHI LAYOUT, OPP. TO JANAPRIYA APT, POST & VILLAGE , KADABAGERE, BANGALORE NORTH , 562 130.
Kammanahalli Main Road
KKBK0000432
NO.4M-411, PID NO.89-397-4M-411, 4TH MAIN ROAD, HENNUR ROAD BANASWADI ROAD EXTENSION, 3RD BLOCK, KAMMANAHALLI MAIN ROAD, WARD NO.89, BANGALORE-560064
KanakPura Road Bangalore
KKBK0008344
GROUND FLOOR NO 3517 A 4TH H BLOCK VITHSTAGE BANASHANKARI FURTHER EXTENSION OFF KANAKPURA ROAD BANGALORE 560062
Kasturi Nagar Branch
KKBK0008125
601 5TH MAIN VEGA ETERNITY OMBR LAYOUT BHUVANGIRI BANASWADI KASTURI NAGAR BANGALORE 560043
Kempegowda Road Bangalore
KKBK0008050
CHAMBER OF COMMERCE BUILDING KEMPEGOWDA ROAD BANGALORE 560009
Kh Road Dhondusa Complex Bangalore
KKBK0008071
KOTAK MAHINDRA BANK LTD. GROUND FLOOR, THUNGA TOWERS, NO. 94, KENGAL HANUMANTHAIAH ROAD, DOUBLE ROAD, WARD NO. 118 - SUDHAMA NAGAR, BANGALORE - 560027, KARNATAKA
Koramangala
KKBK0000424
THE PINNACLE, GROUND FLOOR, NO 8 5TH BLOCK KORAMANGALA BANGALORE KARNATAKA 560 076
Koramangala Bangalore
KKBK0008079
KOTAK MAHINDRA BANK LTD GROUND FLOOR NO 586 8TH BLOCK 80 FEET ROAD OPP BETHANY SCHOOL KORAMANGALA BANGALORE 560095
Kotak Mahindra Bank Limited
KKBK0008154
KOTAK MAHINDRA BANK LTD, 45 SHUBH ENCLAVE, PURESTONE PAVILLION, HARALUR MAIN ROAD, AMBALIPURA, BANGALORE - 560103. KARNATAKA
Mahalakshmi Layout Branch
KKBK0008120
GROUND FLOOR NEW NO 55 OLD NO 215 12TH CROSS MAHALAKSHMI LAYOUT MAHALAKSHMIPURA BANGALORE 560086
Malleswaram Bangalore
KKBK0008056
25 AND 26 3RD MAIN ROAD MARGOSA ROAD 10TH CROSS MALLESWARAM BANGALORE 560003
Marathahalli
KKBK0008336
GROUND FLOOR NO755 95 3 KOTE M R PLAZA MARATHAHALLI RING ROAD DODDANEKKUNDI BANGALORE 560037
Mgroad Bangalore
KKBK0008066
22 GROUND FLOOR ING VYSYA HOUSE M G ROAD BANGALORE 560001
Mysore Silk Cloth Merchant Co Op Bank Ltd Bangalore Branch
KKBK0MSCMB2
MYSORE SILK CLOTH MERCHANT CO OP BANK LTD BANGALORE BRANCH NO 730, 14TH MAIN, 1ST STAGE, NEAR KUMARASWAMY LAYOUT POLICE STATION, BANGALORE- 560078
Nandidurga Road Branch
KKBK0008317
GROUND FLOOR SITE NO 20 AND 20A NANDIDURGA ROAD JAYAMAHAL EXTENSION BANGALORE 560046
Netkallappa Circle Bangalore
KKBK0008052
KOTAK MAHINDRA BANK LTD, GROUND FLOOR & FIRST FLOOR , NO.78, SOUTH END ROAD, OPP. BHARTI NURSING HOME, BASAVANGUDI, BANGALORE - 560004, KARNATAKA
Old Airport Road
KKBK0008109
GROUND FLOOR NO 29 OLD AIRPORT ROAD KODIHALLI OPP ICICI BANK BANGALORE 560 017
Peenya Branch
KKBK0008036
HOTEL UJJAWALA INTERNATIONAL BEARING MUNICIPAL CORPORATION NO-V-2, SITUATED AT 1ST PHASE, PEENYA INDUSTRIAL ESTATE, NEAR TVS CROSS, INT THE CORPORATION WARD NO.38, BANGALORE-560058
Race Course Road Bangalore
KKBK0008082
KOTAK MAHINDRA BANK LTD, 209, GROUND FLOOR, 1ST MAIN ROAD, SHESHADRIPURAM, BANGALORE - 560020
Rajaji Nagar Bangalore
KKBK0008078
PANCHAJANYA TOWERS NO 1022 DR RAJKUMAR ROAD OPP SUGUNA HOSPITAL RAJAJINAGAR BANGALORE 560010
RajajiNagar
KKBK0000423
KOTAK MAHINDRA BANK LTD. GROUND FLOOR, MUNICIPAL CORPORATION NO. 60, OLD NO.62, GANDHI BAZAR, BASAVANGUDI, BANGALORE, KARNATAKA - 560 004 TEL - 080 67178900
Rt Nagar Bangalore
KKBK0008070
KOTAK MAHINDRA BANK LTD, GROUND FLOOR, NO. 160, MATADAHALLI, RT NAGAR MAIN ROAD, BANGALORE - 560032, KARNATAKA
Rvcollege Of Engineering Bangalore
KKBK0008053
R V C E CAMPUS 8TH MILE MYSORE ROAD BANGALORE 560059
Sadarnagala
KKBK0000418
KOTAK MAHINDRA BANK LTD. MAKAM PLAZA , 3RD MAIN ROAD, 18TH CROSS ROAD, MALLESHWARAM,BANGALORE & KARNATAKA - 560055
Sadashiva Nagar Bangalore
KKBK0008060
G 2 NO 19 OLD NO 86 LOWER PALACE ORCHARDS II MAIN ROAD SANKEY ROAD SADASHIVANAGAR BANGALORE 560003
Sanjay Nagar Bommanahalli
KKBK0008080
GOURND FLOOR 102 NO 21 3B NO 24 D RAJAGOPAL RD OPP VAIBHAV THEATRE SANJAYNAGAR BANGALORE 560094
SarjaPura Main Road Branch
KKBK0008107
GROUND AND MEZZANNIE FLOOR 359 39 BREN MERCURY KOIKONDRAHALLI SARJAPUR MAIN ROAD BANGALORE 560102
Silver Jubilee Park Road Branch Bangalore
KKBK0008038
KOTAK MAHINDRA BANK LTD, GROUND FLOOR, NO. 7, NARASIMHARAJA ROAD, NEAR KAMATHA HOTEL, WARD NO. 119, BANGALORE 560002, KARNATAKA
Smvit Bangalore
KKBK0008084
KOTAK MAHINDRA BANK LTD, GROUND FLOOR, NO. 1/1A, ANJANAPPA LAYOUT, KATTIGENAHALLI, BAGALURU MAIN ROAD, BANGALORE - 560063
Sondekoppa
KKBK0008297
292 MAIN ROAD VIA TAVAREKERE MAGADI SONDEKOPPA 562130
SrinivasaNagar Bangalore
KKBK0008063
KOTAK MAHINDRA BANK LTD, GROUND FLOOR, 10TH CROSS, GIRINAGAR II PHASE, BANGALORE - 560085, KARNATAKA
Thubrahalli Branch
KKBK0008121
GR FLR PLOT 6 SRVY 1 AND 2 TMR TOWER THUBARAHALLI VILLAGE VARTHUR RD VARTHUR HOBLI BANGALORE 560066
Tunga Complex JayaNagar Branch
KKBK0008039
BANGALORE TUNGA COMPLEX 7TH BLOCK JAYANAGAR BRANCH PIN CODE 560082
VidyaranyanPura Branch
KKBK0008094
GR FLOOR R R COMPLEX NO 964 BEL LAYOUT 2ND BLOCK MAIN ROAD VIDYARANYAPURA BANGALORE 560097
VijayaNagar Bangalore
KKBK0008067
KOTAK MAHINDRA BANK LTD, GROUND & FIRST FLOOR,65/1,4TH MAIN ROAD,OPP BHARATIYA SANSKRUTHI VIDYAPEETHA SCHOOL, VIJAYANAGAR,BANGALORE-560040
VisweswaraPuram Bangalore
KKBK0008055
3 MIDDLE SCHOOL CROSS ROAD VISWESWARAPURAM BANGALORE 560004
Vittal Mallya Road Bangalore
KKBK0008065
KOTAK MAHINDRA BANK LTD,GROUND FLOOR, 01- 03 & 04 CITY MANSION, 54 LANGFORD ROAD , BANGALORE , 560 025
Yelahanka New Town Branch Bangalore
KKBK0008034
GROUND FLOOR NO.687, MIG, SECTOR A YELAHANKA NEW TOWN, NEW 3RD STAGE EXTENSION, BANGALORE -560064
YeshwantPur Bangalore
KKBK0008062
KOTAK MAHINDRA BANK, NO - 247, 7TH CROSS, 5TH MAIN, APMC YARD, YESHWANTPUR, BANGALORE - 560022.
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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