Find IFSC, MICR codes

IFSC is an acronym for Indian Financial System Code. An alphanumeric code that identifies a bank branch participating in the payment systems( NEFT and RTGS). IFSC is a 11-digit code with the first 4 alpha characters representing the bank. The last 6 characters represents the branch. The 5th character is 0 (zero). Payment systems uses IFSC to identify the originating and destination banks, their branches. IFSC is also to route the messages to the concerned banks / branches. MICR is an acronym for Magnetic Ink Character Recognition. The MICR Code is a numeric code that identifies a bank-branch participating in the ECS Credit scheme. This is a 9 digit code to identify the location of the bank branch; the first 3 characters represent the city, the next 3 the bank and the last 3 the branch. The MICR Code allotted to a bank branch is printed on the MICR band of cheques issued by bank branches.

Bank wise list of IFSCs is available with all the bank-branches participating in NEFT or RTGS. All member banks also print the IFSC of the branch on cheques issued to their customers.

The remitting customer has to furnish the following information to a bank for initiating a remittance:

• Amount to be remitted
• The account number to be debited
• Name of the beneficiary customer
• Account number of the beneficiary customer
• The IFSC number of the beneficiary branch
• Sender to receiver message, if any.

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