IFSC Code Basics Summarized 1. IFSC code. What is it? An IFSC code is a unique 11-character code used to identify specific bank branches in India for electronic fund transfers. 2. What does IFSC stand for? IFSC stands for “Indian Financial System Code.” It is often referred to as a bank IFSC code 3. Where … Read more
When sending money, you want to be sure your payments get to the right place. Transferring funds to the incorrect bank might result in a variety of issues, and the transaction cannot be reversed automatically. You’d have to call your bank, explain what happened, and possibly wait a long time to get your money back. … Read more
SBI IFSC Code The Indian Financial System Code (IFSC) plays a role, in the banking sector in India. Each branch of a bank is assigned an IFSC code, which facilitates financial transactions such as NEFT, RTGS and IMPS transfers. When it comes to State Bank of India (SBI) branches, their IFSC code consists of 11 … Read more