IFSC or Indian Financial System Code is an 11-digit alphanumeric code. Its objective is to identify bank’s branches which are a part of the NEFT network and facilitate digital fund transfer. Each branch is assigned a unique IFSC Code.
This code is mentioned on various bank documents such as cheque book, pass book, etc.
The format of IFSC Code is:
First 4 characters identify the bank, 5th character is number zero and last six digits are unique to the branch of the concerned bank.