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An alpha-numeric code called the IFSC is required for transactions of funds between bank accounts in India. The Indian Financial System Code or the IFSC is the code required for all interbank and intrabank transactions. This code is unique for each banking branch that participates in Indias three main payment and settlement systems: NEFT, IMPS & RTGS.

The IFSC code consists of 11 characters, the first four are alphabetical letters reflecting the name of the bank, and the branch is represented by the last six characters (usually numerical or sometimes alphabetical). And the fifth digit is currently set to 0 (zero); it is reserved for future use. The Bank IFSC Code allows NEFT & RTGS to send messages to the banks / destination branches. This is the basic version of the IFSC Code

How to locate the IFSC Code of a DCB bank branch through CreditMantri?

CreditMantri lets you search an IFSC code for every bank branch in a matter of minutes! It has a lot of other details for your usage on any bank branch. You get a one-stop-solution for all banking questions by logging into CreditMantri.

Here are the steps to find the IFSC Code of DCB Bank Branches: 

  • Login to CreditMantri home page
  • From the top Menu bar, tap on ‘Community’ and choose ‘Resources’.
  • On this page, select ‘IFSC and MICR Codes Directory’
  • It lists all the banks with their names and logo. You can select DCB Bank from this list.
  • You can also use the search bar on the top to find your bank quickly. You can select the bank name, state, district and branch in one shot to pull up the details.
  • It shows all the important details pertaining to the bank for your convenience.

Where else can I find the IFSC code of a particular DCB bank branch?

Finding the IFSC Code of a particular branch of DCB Bank is very simple. 

  • You can find it printed on your cheque book. Your cheque book will have all your account information, like your name, address, account number, branch name and the branch IFSC Code.
  • You can simply find it online on any search engine browser using the bank name and branch name.
  • It is available on the DCB Bank Official website. Here are the steps to find the IFSC Code of a particular branch:
    • Visit the official webpage of DCB bank. 
    • On the home page, you have the quick access menu. 
    • On that menu, select ‘Locate ATMs/Branches’.
    • On the page, select the State/UT. 
    • Then select the City and then the branch. 
    • It will display the details of the branches matching your search criteria. 
    • The displayed branch details will include the IFSC Code of the branch too.

How to transfer money using IFSC Code? What is its significance?

Money transfers through Netbanking are very simple. All you need is the recipients account number and the branch to trigger a transfer of funds. There are three forms to transfer money from your bank account; NEFT, IMPS & RTGS.

  • Login to the official Netbanking website of the bank using your user name and password. You must first add the receiver to the account as a beneficiary.
  • Choose the Add option and enter the name of the beneficiary, the amount of the beneficiary account, the account type and the interbank transfer limit in the fields specified.
  • Later, enter the IFSC code for the branch of the beneficiary bank.
  • Now press the Accept Service Terms (Terms and Conditions) button followed by the Confirm button.
  • You will now receive an OTP to approve the transfer of the beneficiary to your account. It will take a few hours to link the beneficiary to your account.
  • Select the Inter-Bank Transfer option to remit funds to the Inter-Bank Payee.
  • Choose the receiver from the list of beneficiary accounts and choose the payment form as NEFT / IMPS / RTGS.
  • Enter the amount to be transferred and click Accept Terms & Conditions followed by Confirm.
  • To confirm the transaction, you will be asked to enter an OTP.
  • You will be asked to enter an OTP to validate the transaction.
  • Upon validation, the balance will be credited to the beneficiarys account.

What is the difference between IFSC & MICR codes?

Both IFSC and MICR are used for financial transfers in banks. They are used to transfer money by NEFT, RTGS. However, there is a distinction in the uses of these two and many people are still uncertain about the definition and significance of these concepts.

MICR Code: MICR Code, stands for Magnetic Ink Character Recognition. This can be seen on all checks at the bottom white line known as the MICR Band. This code can also be used for overseas transfers. This is used to improve the security of transactions.

MICR is a very old process used to ensure the protection and security of negotiable instruments and enable the collection of checks. The MICR code includes the specifics of the check, such as the serial number, the 9-digit number. The first three digits represent the city, the next three represent the bank, and the last three digits indicate the branch. RBI has implemented the code to make NEFT (National Electronic Fund Transfer) fast and effective. As the MICR code is written with a special magnetic ink, it is also easy to identify fraud cases by testing the magnetic scanner.

IFSC Code: IFSC code is the Indian Finance Scheme code, specifically recognises all NEFT active bank branches. This coding is used for electronic payment system implementations such as RTGS (Real Time Gross Settlement), NEFT (National Electronic Fund Transfer), CFMS (Centralized Funds Management Systems). In order to transfer money, one has to know the IFSC code so that the recipient gets the funds directly into his account. There is no physical dispatch of checks between the clearing house and the banks involved. This special coding scheme is used for instant money transfer over the Internet.

So basically, the distinction is, the IFSC Code is used when remitting money by NEFT and RTGS. On the other hand, the MICR code is used only in cheque leaves. So this is largely due to the search method, while the IFSC Code is largely due to the NEFT and RTGS programmes, and the same is also shown on the check leaves for convenience. Although, it must be remembered that both are remarkably different from each other.


1. Can I transfer money without IFSC code?

The response is yes and no. IFSC code is needed to transfer money through Netbanking. Netbanking helps you to move money via NEFT, IMPS & RTGS. However, UPI money transfers or e-wallet money transfers have gained prominence in recent years. These approaches only include a mobile number connected to your bank account and the recipients bank account, and hence do not require a money transfer through the IFSC.

2. What will happen if I enter an incorrect IFSC while transferring money?

The odds of making a mistake with the IFSC code are smaller as the page shows the branch information as you type the IFSC code before adding the payee. However, if you have entered an incorrect IFSC code, the transfer would follow the recipients account number and send the money to that account. The odds of a bank holding the same account number in two separate branches are small and thus the money will eventually land in the right account. However, before beginning the transfer, it is essential that you double check the IFSC Code.

3. Can two bank branches have the same IFSC Code?

It is highly unlikely for two bank branches to have the same IFSC Code.

4. What is the benefit of IFSC Code?

The IFSC Code helps you to transfer funds between bank accounts. It means that the money is credited to the correct account at the correct branch. Its also making money transfers quick and instantaneous.

5. What format is the IFSC Code generally?

The IFSC code is made of 11-characters; The first four are alphabetic characters representing the bank name, and the last six characters (usually numeric, sometimes alphabetic) represent the branch. The fifth character is 0 (zero) and is currently reserved for future use. Bank IFSC Code allows the NEFT & RTGS systems to direct the messages to the destination banks/branches.

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