Bank IFSC code, MICR code details and Branch information of All Banks in India

Bank IFSC code, MICR code details and Branch information of All Banks in India



List of All Banks in India

  • What is IFSC, where it is used ?

    IFSC stands for Indian Financial System Code . The Payment System Applications such as Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT) and Centralised Funds Management System (CFMS) developed by the Reserve Bank of India use these codes.

    The IFSC code consists of 11 Characters : (e.g SBIN0000987)
    First 4 characters represent the Bank name (SBIN0000987)
    Fifth position has been defaulted with a '0' (Zero) for future use (SBIN0000987)
    Last 6 character denotes the branch identity (SBIN0000987 )
    IFSC is being identified by the RBI as the code to be used for various payment system projects within the country, and it would, in due course, cover all networked branches.

  • How to find the IFSC code of the branch?

    If IFSC code is not known, use this link, to get IFSC code of any bank branches in India

  • What is RTGS ?

    RTGS- Real Time Gross Settlement. This is the one of the Inter Bank fund transfer method, which enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch. There are two systems of Inter Bank Transfer RTGS and NEFT. Both of these systems are maintained by Reserve Bank of India.
    RTGS is a system where the processing of funds transfer instructions takes place in real time. Also the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.
  • What is NEFT ?

    NEFT- National Electronic Fund Transfer. This is the one of the Inter Bank fund transfer method, which enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch. There are two systems of Inter Bank Transfer RTGS and NEFT. Both of these systems are maintained by Reserve Bank of India.
    NEFT is system of fund transfer operates on a Deferred Net Settlement basis. Fund transfer transactions are settled in batches as opposed to the continuous, individual settlement in RTGS.
    Presently, NEFT operates in hourly batches
    • from 8 am to 7 pm on week days
    • and 8 am to 1 pm on Saturdays.
    For availing this facility please contact your Bank. This NEFT/REGTS facility can be utilised by NetBanking or at Bank Branches.
  • What is the minimum/maximum amount for RTGS/NEFT transactions?


    The transaction limit for NEFT/RTGS under Retail Internet Banking is
    Fund Transfer Method Minimum Maximum
    RTGS Rs.2 Lakhs Rs.5 Lakhs
    NEFT No Minimum Rs.5 Lakhs

    The minimum/maximum amount for RTGS/NEFT transactions under Corporate Internet Banking is
    Fund Transfer Method Minimum Maximum
    RTGS Rs.2 Lakhs Rs.50 lakhs for Business and
    Rs.500 crores for Non-business
    NEFT No Minimum Rs.50 lakhs for Business and
    Rs.500 crores for Non-Business

    Note : These limits may changes with out prior notice. Please ensure these from your bank.