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  • IFSC and MICR Codes Directory

    List of IFSC code, MICR code and addresses of all bank branches in India. Find verified IFSC codes quickly to use for NEFT, RTGS & IMPS transactions.

    Locate any details of Bank branch in India.

    or Browse IFSC codes from Banks Listed Below


    What is Indian Financial System Code (IFSC)?

    IFSC: Indian Financial System Code
    IFSC CODE

    In simple terms, IFSC, short for Indian Financial System Code, is an alphanumeric code that is used to identify the particular branch of a participating bank in either of the popular electronic funds settlement options in India, namely IMPS, RTGS and NEFT. The standard IFSC Code is a 11 character entity, with the first four characters representing the bank's name, the fifth character is '0'(Zero) and is reserved for future use, and the final six numeric/alphabetic characters represent the specific branch of the bank.

    Check IFSC Code for Top Banks:

    State Bank of India HDFC Bank Indian Bank
    Axis bank Canara bank ICICI Bank

    What is IFSC Code? How does it work?

    Let us take an example of the Canara Bank IFSC code to better understand what IFSC code is and how it works in banking transactions. The IFSC code for the Chandigarh Branch of Canara Bank is CNRB00001995.

    • Here, CNBR represents the name of the bank, which is Canara Bank
    • The 5th character, which is 0, is for future use
    • The other 6 characters, 01995, specifically helps the RBI identify a bank branch without any error.

    Now, let us understand how IFSC works. When a fund transfer is initiated to a particular payee, one has to provide the account number and branch-specific IFSC code. Once the remitter keys in all these details the money is sent to the account holder and IFSC helps avoid any errors in such transactions.

    Apart from fund transfers, IFSC code can also be used to purchase insurance and mutual funds through net banking. The Reserve Bank of India’s (RBI) National Clearing Cell monitors all transactions and the IFSC code helps the RBI keep track of transactions and also execute fund transfers without any error.

    The IFSC code can also be found on your cheque book or bank passbook. One can also find their bank branch IFSC code in the monthly account statement. The IFSC code for each bank and branch is unique. Even if you hold an account in one bank, the IFSC code will differ from branch to branch.

    Why Do We Need The Indian Financial System Code

    We need an IFSC code because it helps the RBI monitor all banking transactions without any blunders. A simple IFSC code can aid the RBI track, oversee and seamlessly maintain all financial transactions that are carried out using electronically, namely, NEFT, RTGS and IMPS.

    For bank customers, IFSC code is important because most electronic fund transfers cannot be initiated unless the IFSC code of the beneficiary/payee is provided along with the bank account number.

    IFSC code plays an important role when money is transferred from one account to another through methods such as IMPS, NEFT and RTGS. All these options are fundamentally concerned with inter-bank money transfer but perform this task in different ways. The common thread amongst these varied options is the bank IFSC codes system- the hypothetical plaque that identifies a bank branch as a confirmation to the incoming monies that the same has been routed to the correct destination. Compare this to a cattle rancher and his/her massive flock of cattle. Without a branding system, identifying individual members of the herd and accounting for all of them will be next to impossible.

    Format for Bank IFSC Code:

    1 2 3 4 5 6 7 8 9 10 11
    Code for Bank Name 0 Code for Branch Name

    Modes of Online Money Transfer Using IFSC Code

    IFSC code can be used to transfer funds using three electronic fund transfer modes: NEFT, RTGS and IFSC. These types of electronic fund transfers enables customers to easily transfer funds from one account to another through net banking or mobile banking.

    Choosing electronic transferring systems brings down the chance of errors in a transaction because fund transfers are only authorised if accurate details such as the payee’s bank specific IFSC code and bank account number are provided.

    • NEFT: To transfer funds using NEFT, the remitter has to provide the IFSC code, beneficiary name, account number and account type. All NEFT transactions are settled in a batchwise format.
    • RTGS: RTGS fund transfers are usually used for high value transactions and are cleared immediately. The details required for RTGS fund transfer is IFSC code of the receiving bank branch, name of payee, account number, and transaction amount.
    • IMPS: IMPS is an immediate fund transfer system where money will be credited instantly to the beneficiary account on a real-time basis. One cannot initiate an IMPS fund transfer without providing an IFSC code.

    What is MICR?

    The full form of MICR is Magnetic Ink Character Recognition technology. The primary need for this innovation is to authenticate the originality and legality of paper based documents in the banking system and is majorly used on cheques. In terms of their real-world importance, MICR stands on par with IFSC where transfer of funds using NEFT or IMPS is concerned.

    MICR code imbibes the cutting-edge character recognition technology that is used by banks to authenticate the clearance of cheques and other such documents. MICR code itself can be seen placed on the bottom strip of the cheque and includes such details as the bank code, account details, cheque number and amount, alongside a control indicator. The principal advantage of this system is that unlike similar concepts like barcodes, MICR can be easily distinguished and read by humans.

    Abbreviation of Indian Financial System Code, is a code that is used to identify all participating banks under the NEFT system. It is basically 11 digit alphanumeric code that is different for each bank and its affiliated branch.

    • IFSC Code

      Of the 11 digits in an IFS Code, the first four characters identify the bank branch, the fifth character remains a zero by default, while the remaining 6 characters represent a particular bank branch.

      For example, let’s take the code: SBIN0005778. Going by the code and running a quick search on google, we can deduce that this IFSC code is addressing State Bank of India branch located in Mahatma Road, Bangalore.

    • MICR Code

      MICR stands for Magnetic Ink Character Recognition. This code can be seen in all cheques and can be located at the bottom of every check. The reason for introducing MICR code was to enhance and improve security with regard to transactions. It is basically a 9 digit number.

      Of the 9 digits on an MICR Code, the first three digits represent the city, the next three signifies the bank, while the last three specifies the bank branch. This code is written in magnetic ink and can be identified using magnetic scanners.

      Here’s an example of what an MICR code might look like: 560002033

      In this example, 560 represents the city, which, in this case is Bangalore. The next three digits 002 is the bank code, while the last three digits, 033 is the branch code.

      To sum it up, we can safely say that while both IFSC and MICR codes help serve the same agenda, they also reduce the clout that can often derail a massive banking system such as the one India has.

    IFSC codes are the basic unit of any online inter-bank money transfers in India and the surefire way to validate all such transactions. With the correct knowledge of IFSC codes, sending and receiving money online becomes simple and fast, as intended. Many resources are available online that help you find IFSC code for the particular requested bank. And let’s face it- you are only likely to check upon the same when affecting an online transaction. In the similar vein, BankBazaar offers a comprehensive tool to help you indulge in a speedy and accurate IFSC Code search. How to access and utilize this tool? Read on…

    1. You are already on this page as you read these instructions, scroll to the top of this page.
    2. Spread before you is a simple ‘IFSC and MICR Codes Directory’, a versatile tool to help you locate IFSC Code as required. The tool comprises of the following fields- 1) Select Bank, 2) Select State, 3) Select District, and 4) Select Branch.
    3. Kindly make the appropriate selections with regards to the name of the bank, Indian state where the bank’s branch exists, the specific district of the state and finally, the concerned branch.
    4. In response to your query, the resultant page lists out the bank’s IFSC Code, MICR Code, official address and phone number. All this happens in less than 30 seconds from your initial query.

    As has been noted before, wherever there is transfer of monies through the online media in India, the principle of bank IFSC codes is definitely part of the play. Some of the popular online money transfer systems that utilize IFSC codes at the operational level include NEFT, RTGS and IMPS.

    The full form of NEFT is National Electronic Fund Transfer and quite as the name specifies, it concerns with the transfer of funds from one bank account onto another. This is a popular money transfer system in India that is equally popular amongst individuals as well as the corporate houses. Herein, IFSC codes must be suitably provided to ensure that money is accountably transferred from one bank account to another.

    RTGS is acronym for Real Time Gross Settlement and as the name suggests, is a popular option for the speedy transfer of funds (also securities) from one bank to another, without subjecting the same to any waiting period. The operative words here are ‘Real Time’ (transactions happen instantaneously) and ‘Gross’ (refers to the fact that the monies aren’t subject to any deductions and/or expenditures). Herein again, IFSC codes act in a similar way as in the case of NEFT- helping to correctly identify the participating bank branches.

    The Superman of the online money transfers world, IMPS, short for Immediate Payment Service is a relatively new option in India (founded, November 2010). The USP of this service is that money can be transferred instantly, 24x7 and across all popular Indian banks, through the service available on the subscriber’s mobile phone, ATM or through the internet. This system is reputed for being very safe, fast, economical and not restricted in terms of the maximum amount that can be transferred.

    If you know your way around banking transactions, you are already aware that there are two main forms of fund transfer.

    1. The old-fashioned physical way, wherein you walk into the bank and remit the cheque at the teller’s cubicle.
    2. The electronic way using methods such as NEFT or RTGS.

    When you are dealing with the old-school ‘going-to-the-bank’ way, you don’t have the need to register a beneficiary. But the electronic method is a bit different and a lot more secure too.

    So, how do you go about transferring funds to an individual, who has explicitly requested you to transfer funds with the help of technology?

    Well, don’t fret over the details if you don’t already know it because you will learn all that you need to in this page.

    To do that though, you need to meet a few requirements. They are:

    • You need to be registered for your bank’s net banking service.
    • You need to register for third-party transactions. (Note that, in this context, third-party refers to a beneficiary from a different bank to that of yours.)
    • You need to register the beneficiary’s account to which you want to transfer funds.

    Registering a Third Party Beneficiary:

    Nearly every bank in India follows its own policy with regards to a third party money transfer. One thing worth noting here is that the process remains more or less the same except that they are phrased a bit differently.

    For example, let’s take a look at how HDFC Bank procedure. The steps involved are:

    • Logging to the bank’s net banking service with customer ID and PIN.
    • Clicking on ‘Third Party Transfer’ tab and following the basic instructions.
    • Getting an OTP once the details are filled out. You will receive the OTP on your registered mobile number.

    Here’s how to register the beneficiary’s account:

    • Name of the beneficiary.
    • Account number.
    • IFSC code of the beneficiary’s bank.
    • Bank branch.

    Once you have submitted the details, your registration is complete. However, what you should know is different bank has different time periods after which you can make your first transfer. For instance, in HDFC Bank’s case it takes 12 hours for the details to check out and get active.

    There you have it. Registering a beneficiary’s account is a cakewalk as long as you possess the basic computer literacy. Besides, registering them is highly beneficial for you as it saves a trip to your local bank branch.

    Transferring money electronically with the help of IFSC code isn’t as hard as it seems. In reality, it’s quite simple once you have set it up. In this page, we will deal with transferring money through various modes with the help of IFSC Code.

    1. Through an app:
    2. Smartphone apps are literally everywhere these days. Want food, order it through an app and you will get your delivery within a few minutes. Want groceries, order them through an app and have them delivered within the same day. This way, our day-to-day life has integrated itself with apps and you can use one to transfer funds to a beneficiary.

      Here’s how you can do it in a few basic steps. To do this however, you need to have your net banking system activated for your account.

      • Download the net banking application of your bank. It can be found in Google Play Store or any other app stores in other OS-based phones.
      • Open the app, enter the credentials like your customer ID and password to gain access to your account.
      • Now choose ‘Transfer funds through NEFT’. In case, you haven’t already added the beneficiary, you should register them for future transactions. To do this, you will need to type in the IFSC code, bank account number, and the bank branch. Once you are done submitting this form, it take anywhere between 5 minutes to 12 hours, depending on your bank’s policy for the beneficiary account to be activated. After waiting for the stipulated hours, you can now instantly transfer money to a different account with a buffer of less than an hour.
    3. Through SMS:

      That thing you thought was obsolete can actually help you transfer money if you have the IFSC code. Here’s how you can do so with an SMS.

      To be able to do this though, you need to have registered your phone number for mobile banking by linking it to your bank account. If you are registering for the first time, you need to fill a form after which you will receive a starter’s kit which will include an MMID (a unique 7 digit number) and mPin. This kit you receive is similar to the one you get with your debit card.

      Sending the money through this is quite simple. First you need to compose an SMS and type in IMPS, followed by the beneficiary’s account number, IFSC, and the amount you want to send. After confirming the transaction, you will receive a message wherein you have to type in your mPin. Press okay after entering the pin and you will have successfully transferred the money.

      These are the two of the simplest ways through which you can electronically transfer money with the help of an IFSC code.

    Unified Payment Interface (UPI) is basically a new payment architecture introduced by Reserve Bank of India under the leadership of former governor Raghuram Rajan along with support from tech scion Nandan Nilekani. In short, UPI is being referred to as a next-generation payment method which is expected to leverage the growing power of smart phone technology and the proportionate rise of smart phone users in the country. It enables making money transactions between any two bank accounts with the help of a smart phone. While the UPI payment method allows payments through online and offline, like net banking and card swipes, it is a lot more seamless and sophisticated at the same time.

    A lot of the above discussions have centered on the common bank cheque. This mainstay of the banking world is an amalgamation of a number of components that help to authenticate its genuinity and allow us to attach our complete faith in its applicability. The primary components of a typical bank cheque are illustrated as follows,

    Find IFSC Code in a Bank Cheque: On a typical bank cheque, the IFSC code is compulsorily listed though the location of the same on the cheque leaf will differ from bank to bank.
    In our example image: we are displaying the location of the IFSC code on a HDFC Cheque.

    Locating Cheque Number: Displayed in a typewritten font at the bottom of the cheque in special font style. This is primarily used for tracking the cheque and for other administrative purposes.

    Find MICR Code in a Bank Cheque: This is displayed next to the cheque number on cheques offered by all banks in India.

    Both Cheque number and MICR Code are displayed in a unique font and ink, and the latter can only be picked up by a Magnetic Character Ink Reader.

    • What is the full form of IFSC?

      The full form of IFSC is Indian Financial System Code.

    • Why is IFSC used?

      IFSC or Indian Financial System Code is an alphanumeric code that is used to identify a bank branch. It is required to transfer money from one bank account to another using electronic fund transfer modes such as NEFT, IMPS and RTGS.

    • Can anyone misuse my bank account number?

      No, it is not possible for anyone to misuse your bank account just through the bank account number.

    • How to search for bank name by IFSC code?

      It is very easy to find the bank name using IFSC code. The first four characters of IFSC code represents the bank name. So, if the bank name is ICICI, then the IFSC code will look something like ICIC0001420.

    • What is the meaning of MICR code?

      MICR stands for Magnetic Ink Character Recognition. It is a special ink that is sensitive to magnetic fields. It is printed on the bottom of a cheque.

    • What is the use of MICR code?

      MICR is a technology that helps in verifying the originality of cheques or other paper documents. It is used mainly by banks to process cheques faster. The MICR code helps RBI in identifying the bank branch.

    • How to transfer money from one bank account to another online?

      You can transfer money from one bank to another online in the following ways:

      NEFT – You can login to your net banking account or bank’s mobile application and transfer funds to another bank account using NEFT (National Electronic Funds Transfer). NEFT transfers take place in hourly batches. To transfer funds using NEFT, you have to first add the receiver as a payee in your account. You can do so using the ‘Add Payee’ option. To add a payee, you need to know the name and bank account number of the receiver. You have to also know the IFSC code of the receiver’s bank.

      RTGS – It stands for Real Time Gross Settlement. You can use this facility in the same way you transfer money using NEFT, but here the money will be transferred on a real time and gross basis. After logging in to your net banking account or bank mobile application, select RTGS instead of NEFT while transferring funds. The minimum amount of money that you can transfer using RTGS is Rs.2 Lakhs and the maximum amount that you can transfer is Rs.10 Lakhs per day.

      IMPS – It stands for Immediate Payment Service. Using this service, you can transfer funds instantly from one account to another using mobile phone. You can also use this service via net banking. Here, you can transfer money using MMID/ Bank Account number and IFSC code of the receiver.

      UPI – UPI stands for Unified Payment Interface. It allows you to transfer money using a Virtual Payment Address (VPA). To transfer money using UPI, you need a smartphone with the UPI enabled mobile application of your bank or BHIM app downloaded on it. You do not need to know the bank details of the receiver. You will only need his/her VPA or mobile number. If the receiver has a non-UPI account, then you can transfer money on the BHIM app using his/her bank account number and IFSC code.

    • Are IFSC and SWIFT code same?

      No, IFSC and SWIFT code are not the same. IFSC is used for transferring funds within India while SWIFT code is used for transferring funds at an international level. IFSC stands for Indian Financial System Code and SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. SWIFT is a bank identifier code and IFSC is used to identify a specific bank branch. IFSC code consists of 11 characters and SWIFT code consists of 8/11 characters. 8 character SWIFT code is used for identifying the primary office.

    • If a bank branch is changed, will the IFSC code change?

      No, if the location of a bank’s branch is changed, then the IFSC code will not change. If the bank account is shifted from one branch of the bank to another, then yes the IFSC code will change.

    • Is IFSC code same as branch code?

      No, IFSC code is not the same as branch code. IFSC code has 11 characters out of which the last 6 characters is the branch code. A branch code is a number that is a part of the IFSC code and is used for identify a bank branch. IFSC code can be used to transfer money using various electronic payment modes. You cannot transfer funds using just the branch code.

    • What happens if IFSC code is wrong?

      If you enter the wrong IFSC code while transferring funds, then it is very likely that the transaction will fail and the money will be credited bank into your account.

    • Where is IFSC code on cheque book?

      IFSC code is generally present on the top part of every cheque leaf or near the branch address.

    • Is IFSC code required for IMPS?

      IFSC code is required for IMPS only if you are transferring money using bank account number and IFSC code and not through MMID. If you do not have the receiver’s MMID, then you have to add him/her as a payee, for which you will need his/her details such as bank account number, name and IFSC.

    • How to find out MICR code on cheque?

      MICR code is printed on the bottom part of every cheque leaf.

    • Is IFSC code unique?

      Yes, IFSC code is a unique alphanumeric code.

    • What are the timings for NEFT?

      As per RBI, NEFT is available from Monday to Friday from 8 AM to 7 PM. On Saturdays, the service is available from 8 AM to 1 PM. It is not available on the 2nd and 4th Saturday.

    • Is it possible to determine the IFSC code of a bank’s branch from the savings bank account number hosted in the same bank?

      No. The usually 15 digits long savings bank account number doesn’t include the bank’s IFSC code. This code can easily be obtained from a cheque leaf (refer the image in an earlier section), or checking out the BankBazaar IFSC Code Finder from top of this page.

    • I think I have supplied the wrong IFSC code when affecting a NEFT funds transfer. What will happen to my money?

      Don’t worry. In order for a NEFT transaction to go through and benefit the intended recipient, you need the latter’s account number and the corresponding bank’s IFSC code. However, if you err and supply the wrong IFSC code, the system with tally against the recipient's name and account number to identify the mistake and refund back your money. The refund should safely arrive in your account in a couple of hours at the maximum.

    • Can I access the IFSC code from my bank pass book?

      Yes. And this is a directive from the Reserve Bank of India (RBI) actually. It is a must that banks print the associated MICR and IFSC codes prominently on the pass books, account statements and cheques as issued by them. You can easily find these details, printed prominently, in the aforementioned documents.

      Read IFSC Code news or Enjoy it on the go Google Play

      • Now, UPI on Airtel Payments Bank

        Airtel Payments Bank, an initiative of Airtel, has now joined hands with the Unified Payments Interface (UPI).

        Airtel Payments Bank is a digital payments application that can be used via the Airtel app on a smartphone. Airtel customers can get VPAs and make payments using a virtual address, without the need to know the payee’s account number or IFSC code.

        8th November 2017

      • Tez: 7.5 Million Users in Just 37 Days

        There has been an unprecedented increase in the number of digital transactions via the Google Tez app.

        To put in numbers, according to Sundar Pichai, CEO, Google, in just 37 days of its launch, Tez has around 7.5 million users in the country. As many as 30 million transactions were recorded in a period of 5 weeks and over 5 to 10 million people have downloaded the app.

        Tez is a digital payments solution app that is UPI-enabled. The app can be downloaded and used on both iOS and Android platforms and the service is available in many local Indian languages including Hindi, Tamil, Kannada, Gujarati, Marathi, etc. To use the service customers will have to have a Google account and a registered mobile number that is linked to the bank account. Funds transfers can be initiated without an account number and IFSC code, using a virtual address that will be allotted to all UPi users.

        6th November 2017

      • Rise in Number of Online Transactions

        The demonetization drive has given a push to online payments in the country, according to the Payments Council of India (PCI).

        The PCI was formed in 2013 to take care of digital transactions in the country. According to the PCI, there was an unprecedented rise in the number of online transaction in the country in the period from December 2016 to January 2017. It was also observed that many kirana shops in the country also started adopting to change and began accepting online payments.

        It was observed that online payment volumes grew threefold after the demonetization drive in the country.

        3rd November 2017

      • Ujjivan Bank Opens 100 Branches in India

        Ujjivan Small Finance Bank has gone on to open as many as 100 bank branches across the country. Branches were opened in Nagpur, Nanjangud, Bhatinda, among other places, in order to achieve this feat. The bank also has branches at Matiagachha in West Bengal, Krishnapura in Karnataka, etc.

        Ujjivan Bank began its operations around 8 months ago. The branches are, at present, situated across 16 states and union territories.

        Samit Ghosh, Managing Director and CEO of Ujjivan Small Finance Bank said that he is pleased to announce this milestone in a short span of time. He added that the bank is chalking out a strategy to further expand their footprint in the country.

        Ujjivan Small Finance Bank came into being from February, 2017.

        31st October 2017

      • Digital Cess Likely for Online Transactions

        In an effort to make the digital payment infrastructure more safe and secure, the government is likely to impose a certain security fee or cess for the same.

        The Department of Financial Services (DFS), Ministry of Finance, is likely to make this move for all digital transactions in the country. The tax collected will be utilized to build a better and secure interface for digital transactions.

        An exclusive and special fund is likely to be created to recruit more people to maintain security of digital transactions and also set up an infrastructure that is fool-proof.

        17th October 2017

      • E-transactions: China and India

        It has come to light that when it comes to e-transactions and digital payments in India, China is lilley to be ahead of us, according to a recent study report published in 2017. This trend was observed after studying the average growth rate in digital payments.

        It has been predicted that China will see a growth rate of up to 36% for the period from 2016-20.On the contrary, the growth figures in India will be around 26.2% for the same period.

        According to the report, China, in the year 2015, scaled up digital transactions to reach 38.1 billion. On the other hand India, saw a growth of about 4.5 billion in 2015.

        The target for 2017-18 for India in terms of non-cash transactions is 25 billion and thus the report has also estimated that India will be a CAGR of 26.2%. The main areas of focus for this will be on micro-payments, subsidy transfers, government benefits and mobile-based payments.

        The target in India will be achieved by drawing 11 billion from card-based transactions, 6 billion from mobile-based, and 8 billion from online transactions. This sum total will add up to 25 billion.

        The study also found that the leading ad most preferred forms of electronic payment instruments were debit cards and credit cards. As much as 46% of non-cash transactions were carried out through debit cards, while 19.5 transactions were carried out through credit cards.

        16th October 2017

      • Accurate IFSC Code Must for Income Tax Refunds

        In order to process income tax returns, the Income Tax department will need all bank details, including account number and IFSC code, if the fund transfer is made to the bank account.

        The State Bank of India (SBI) is responsible for processing tax refunds, which will be sent back either through a cheque, demand draft or to the bank account of the customer through RTGS or NEFT. It is essential that all taxpayers filing for income tax returns make sure that they have filled in accurate bank details. Those who have paid more tax than what they actually owe to the government in the last financial year, will be eligible for a tax refund. If you are eligible for a refund, the same will be intimated to you via SMS. The message will tell the customer the amount of refund he/she is eligible for.

        There are some cases when a customer will receive an SMS from SBI about the refund amount being credited. This message will also reflect the name of the payee, account number IFSC code, NEFT UTR number and NECS number, if applicable.

        If the refund is processed but failed, then in such a case, the taxpayer has to check if the IFSC code or bank number provided is accurate.

        12th October 2017

      • RBI Urges Online Retailers to Follow Guidelines Without Fail

        The Reserve Bank of India (RBI) has strictly urged all e-retailers and online marketplaces to follow the RBI guidelines that were set in 2009. This is with regard to the rules and regulations on electronic payments.

        RBI made this move after many vendors made a complaint that e-commerce companies are making late payments, especially those involving intermediaries.

        The complaint was made by the All India Online Vendors Association in August this year. The RBI has asked the vendor’s body to pull out specific cases where payment has been delayed. As per the guidelines, all payments must be made within a 2 to 3 day period of completing the transaction. However, the vendor's body claims that payments were delayed for more than 10 to 15 days.

        12th October 2017

      • Now, an App to Find IFSC Codes of Banks

        Need to look for a bank IFSC code but do not know how? Fret not. Now, you can get the IFSC code of any bank at the tap of a button on a smartphone. Yes this is possible! All you have to do is download the All India Code Finder app.

        The app can be easily downloaded from Google Play store and is accessible to all Android users. The main advantage of this app is that it also works offline. One can use the app to look for other information such as pin codes and STD codes, apart from IFSC codes.

        There are many such apps in the market that help users on a day-to-day basis.

        11th October 2017

      • Provide Incentives to Increase Digital Transactions: Government

        The Indian Bank’s Association (IBA) has been asked to provide lenders more incentives for digital transactions in an effort to encourage more and more people to embrace the digital way.

        The finance ministry told IBA that banks should subsidize digital transactions. The communication said that banks should be more proactive in encouraging people to adopt the digital way of banking.

        The government has been encouraging many public sector banks to go the digital way. And has also been pushing private banks to do the same.

        Many experts say that banks should not charge for electronic transfers because this will make customers withdraw the money and pay in cash instead.

        The target by the government is to see 2,500 crore digital transactions by the end of the fiscal. The government hopes that more and more banks integrate with UPI soon.

        6th October 2017


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