What is IFSC Code and how to know it for free in 2022 in Hindi |
Posted: December 3, 2022 |
IFSC Code of Bank of Baroda, State Bank of India (SBI), Indian bank, Canara Bank, Punjab National Bank, Union Bank of India, Allahabad Bank, Bank of India, Axis Bank, ICICI Bank, HDFC Bank, UCO Bank, Kotak Mahindra Bank, Bank of Maharashtra, Syndicate Bank, Indusind Bank, Aryavart Bank, etc. Welcome to another great article, today we are going to talk here about IFSC Code, if you have a little knowledge related to banking, then you must know about IFSC Code.For your information, let us tell you that this is such a code which is issued by the Reserve Bank of India separately according to each branch of different banks. Like if we talk about State Bank of India, then there will be separate IFSC Code for Allahabad branch of this bank, same IFSC Code will be issued for Delhi branch of SBI. If you want to get all kinds of information about this code, then stay connected with this post till the end, here we will give you IFSC Code Kya Hota Hai, its features, how it works and what is the need of this code. Will tell about it in detail. Along with this, you will also get information about the methods by which you can get information about IFSC code of any bank branch. At the end of the post, you will also read about important questions and answers related to it. What is a IFSC code?It is a numeric code used by the central bank to identify bank branches within the National Electronic Funds Transfer network. This code is not only used to identify the bank branch but is also used in different types of Electronic Payment System like National Electronic Funds Transfer, Real Time Gross Settlement, Central Fund Management System etc. This code is required when you want to transfer money from one account to another. Specific IFSC Code is issued for a specific branch of any bank. That's why only one IFSC code can never be issued for 2 branches of a bank. The easiest way to know the IFSC code is through the passbook of your account, apart from this you can also get information about this code by visiting the official website of your bank and Reserve Bank of India. If you want to start net banking facility from your bank account for any kind of online payment then it is necessary to enter IFSC Code to transfer money. What does IFSC Code show?As we have already told you that IFSC code consists of 11 digits and this code tells about the bank and its branch through those 11 digit codes. The first four letters of this code tell about the bank, which bank it is, through the last 6 digits, you get to know about the branch of the bank. The fifth digit in this code is zero. So that you can understand correctly about IFSC Code, we are presenting an example in front of you. IFSC Code- PUNB 0367000 If we look at this code, then the first four characters of this code PUNB, tell that it is related to Punjab National Bank, while the last 6 digits of this code 367000 shows that it is related to Akapur Tiana branch of Punjab National Bank. Is. Like all IFSC codes, in this also the fifth character is zero, you can easily see it in the code. Similarly when we talk about State Bank of India then its IFSC Code starts with SBIN 0 in which the first four characters tell that it belongs to State Bank of India. And the same 6 digits at the end of this code shows that to which branch it is connected, hope that now you have understood very well about IFSC code. How to Find IFSC Code of Bank of Baroda, State Bank of India (SBI), Indian bank, Canara Bank, Punjab National Bank, Union Bank of India, Allahabad Bank, Bank of India, Axis Bank, ICICI Bank, HDFC Bank, UCO Bank, Kotak Mahindra Bank, Bank of Maharashtra, Syndicate Bank, Indusind Bank, Aryavart Bank, etc. Features of IFSC CodeThe IFSC Code not only lets you do monetary transactions but also lets you take advantage of a lot of amazing features which are discussed below. Simple Online Fund Transfer This code allows very fast and easy transactions between bank accounts. IFSC code becomes very important for you if you want to do any kind of transfer through NEFT, RTGS, IMPS etc. Tracking Transactions Transactions done by all the banks are regularly recorded by the Reserve Bank of India. For this, RBI uses IFSC code, its use reduces the chances of fraud in the process of fund transfer. Identity Verification With the help of this code, you can know about any bank as well as know about which branch it belongs to. Different branches of banks are identified by the Reserve Bank of India through this code, customers also get benefit from this code. Error Elimination If you transfer funds using this code, then the chances of making a mistake are negligible. Because when you transfer funds by going to the bank or through online mode, then you have to transfer funds to this account and enter the IFSC code related to its branch.
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