AskLaala

Knowledge Center / Banking & Digital Payments

GLOSSARY

IFSC Code

✓ Last verified 14 Sep 2026
The short version IFSC (Indian Financial System Code) is an 11-character code that uniquely identifies a specific bank branch - required for NEFT, RTGS, and IMPS transfers to route money to the correct branch.

The first four characters identify the bank, and the remaining characters identify the specific branch - ensuring an electronic transfer routes to the exact branch where the recipient's account is held, not just the right bank. It's printed on chequebooks and available on the bank's website/app, and is a required field alongside the account number for NEFT, RTGS, and IMPS transfers - see our article comparing those three methods.

Want this worked out for your own numbers?

← More on Banking & Digital Payments