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புதன், ஜூலை 15, 2015

TO KNOW THE IFSC Codes, MICR & BSR Codes


Looking for bank codes?
A complete freshly updated database of SWIFT,IFSC,BSR codes of all leading private and public sector banks across india
 
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Search IFSC & MICR Codes

To find out IFSC and MICR codes of bank please fill out following details and click "Find Codes" button.
The details
 of particular bank including IFSC and MICR Codes will be shown below.
Bank Name:

State:

District:

City:

Bank Branch:
 
Bank Name:
IFSC Code:
MICR No.:
Branch Name:
Contact:
Address:

·         What is a Bank's IFSC Code ?

The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely identifies a Bank-Branch participating in the two main Electronic Funds Settlement Systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) systems. IFSC is used by the NEFT & RTGS systems to route the messages to the destination banks / branches. Bank-wise list of IFSCs is available with all the bank-branches participating in interbank Electronic Funds Transfer. List of bank-branches participating in NEFT/RTGS and their IFSCs is available on the website of RBI & www.BankCodesSite.com also. IFSC Code consists of 11 Characters: (ex. BBBB0010476)
1.   First 4 characters represent the entity (BBBBxxxxxxx)
2.   Fifth position has been defaulted with a '0' (Zero) for future use (xxxx0xxxxxx)
3.   Last 6 character denotes the branch identity (xxxxx010476)

·         What is MICR code?

Magnetic Ink Character Recognition, or MICR, is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques. MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. A special machine is used to read these characters, which can be easily read by humans too. The characters are usually printed on the bottom strip of cheque leaf. This MICR code is used By RBI (Reserve bank Of India) clearing process to identify the branch and bank for clearing processes.
  

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