What is IFSC Code? – If you do online transactions then you must have used IFSC code every time. You might also want to know what is this IFSC Code.
Let us tell you that whenever we transfer money from one bank account to another bank account, we also need a code in addition to the bank account number, which we call IFSC Code, without this there is no money transaction in any bank account. can be done.
what is ifsc code?
For your information, let us tell you that the full form of IFSC Code is Indian Financial System Code, which in common language we call IFSC Code.
We all know that there are many banks in India like State Bank of India, HDFC Bank, ICICI Bank, Bank of Baroda, and not knowing how many banks whose names we do not even know.
How many branches does each bank have? In every city, town there is one branch of the bank, in some city there is more than one branch of a bank.
So each branch of all these banks has its own unique code which we call IFSC Code. With this code, any branch of the country can be traced.
This code consists of an alphanumeric code of 11 characters, which is easily understood if it includes English and mathematical numbers.
In this code, the first four letters are alphabet and they represent the name of the alphabet bank. The fifth character in this code is always 0 (zero).
The last 5 letters represent the branch, it can be English and mathematical numbers.
WordPress Plugin : Bank IFSC Code
For example, – what is ifsc code?
SBIN0345465 and PUNB0876455 are branch codes of two different banks.
In the first code, the first four letters are SBIN, then it is representing the name of the bank and it means State Bank of India,
the fifth letter looks like O but you Always keep in mind that in the IFSC Code,
the fifth character is always zero, its next five characters are representing the branch of 345465 SBI.
The next five characters represent the branch of Punjab National Bank.
From this post, you must have come to know that what is IFSC Code, after reading this article, you must have got a lot of information about what is IFSC Code.
From this what is ifsc code? article you must have come to know that all the branches of all the banks in the country have their own unique IFSC Code, from this code a lot of information can be obtained about those branches. In a way, this code also identifies those branches.