BANK IFSC Code
What is BANK IFSC code?
The Indian Financial System Code (also known as IFSC) is a 11 charater alphanumarical code for identifying the BANK and branch which an account is held. The BANKIFSC code is used both by the NEFT(National Electronic Funds Transfer) and RTGS(Real Time Gross Settlement) finance transfer systems.
What is NEFT transfer?
National Electronic Funds Transfer (NEFT) is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any (BANK) bank branch to any individual, firm or corporate having an account with any other bank branch in the country.
What is RTGS transfer?
RTGS stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting).
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Bank Ifsc Data