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1. Indian Financial System Code is 11 digit alphanumeric unique code which is used to identify each branch of every bank in India.
2. This code innovatively identifies a bank branch that participates in two of the major electronic funds settlement in the country, RTGS and NEFT.
3. MICR code is usually a nine digit code comprising of some important information about the transaction and the bank.
4. It is equivalent to Australia's 'BSB' code, and can be between 3 and 23 digits depending on the country of the bank and the type of code.
5. A Bank Code is a series of numbers that are used to identify banks around the world.
6. The Indian Financial System Code, better known as the IFSC code, is an alphanumeric code.
7. A Bank Code may be known as: BSB.
8. Bank IFSC Codes Application gives following information of bank.
9. It is a technology which allows machines to read and process cheques enabling thousands of cheque transactions in a short time.
10. MICR stands for Magnetic Ink Character Recognition.
Liked All Bank IFSC Codes? you may also like other Finance apps like Bank Account Reminder; American Heritage Bank; AllSouth Mobile Banking; Discovery Bank; 365.bank;