Directory
Banking guides
Ten guides covering the codes (IFSC, MICR, SWIFT) and the payment systems (NEFT, RTGS, IMPS, UPI) used to send money in India, plus cheque validation and a glossary.
All guides
- What is an IFSC code? Format, meaning and where to find it
- What is a MICR code? 9-digit cheque code explained
- IFSC vs MICR
- NEFT guide
- RTGS guide
- IMPS guide
- UPI guide
- SWIFT code guide
- Cheque validation guide
- Banking terms glossary
- NEFT vs RTGS vs IMPS vs UPI
- IFSC codes of payment banks
- How to find the IFSC code of your bank branch (6 ways)
- Sent money with the wrong IFSC code? What happens and what to do
FAQ
Questions
What is an IFSC code?
IFSC (Indian Financial System Code) is an 11-character code that identifies a bank branch for NEFT, RTGS and IMPS transfers. The first 4 letters are the bank code, the 5th character is always 0, and the last 6 identify the branch.
What is a MICR code?
MICR (Magnetic Ink Character Recognition) is a 9-digit code printed on cheques. The first 3 digits identify the city, the next 3 the bank and the last 3 the branch; it is used to clear cheques under CTS.
What is the difference between IFSC and MICR?
IFSC is an 11-character alphanumeric code for electronic transfers (NEFT, RTGS, IMPS). MICR is a 9-digit numeric code printed on cheques for cheque clearing. Most branches have both.