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Learn how to search bank ifsc code
As monetary transactions aren't confined to banking institutions such as banks, thorough verification is important before conducting a transaction. To help make the process faster, simpler and automatic, banks and other financial institutions rely on certain codes. However, there's a difference between the using all of these codes. Abbreviated as Indian Financial System Code, IFSC can be an 11-digit alphanumeric code that's used to identify the financial institution branches that engage in various electronic monetary transactions like NEFT or RTGS. One will come across the IFSC code either in his/her bank passbook or over the Cheque Book.
Much like the IFSC Code of SBI will be SBIN0011569 for the branch situated in Sector 31, Gurugram.