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ING Vysya Bank was established as a private multinational bank in Bangalore to cater to retail, wholesale, and private banking sectors in 2002. ING Vysya bank is one of the largest private sector banks in India with a vast network of nearly 1,000 outlets out of which 527 are bank branches. It caters to more than two million customers and was also ranked the "Safest Banker" and counted among "Top 5 Most Trusted Private Sector Banks" by the Economic Times.

On 20 November 2014, ING Vysya Bank merged with Kotak Mahindra Bank to form the fourth largest private sector bank in the country. The Reserve Bank of India approved this merger in 2015. The entire merger process was completed in the year 2016.

While performing any online banking or money transfer related activities, we often come across the term IFSC code. Every bank branch is given a unique IFSC code which must be used for different banking transactions. Each branch can be identified with the help of this code. The code is designed as a combination of English alphabets and numbers. This is an important component for any money transfers, especially if done online. However, very few of us are aware of its use and importance. Find out everything you need to know about IFSC code for ING Vysya bank and much more in this article.

About IFSC Code

ING Vysya Bank IFSC code can be easily found online or offline. There are many good websites like CreditMantri which offer information on IFSC code for various banks including ING Vysya Bank branch. You will find a list of ING Vysya Bank IFSC codes by bank branches. Here are the steps you can follow to look up the IFSC code of a specific branch:

Step 1: Go to CreditMantri website and look for IFSC code page

Step 2: Choose the state, district and bank branch

Step 3: You will see a list containing IFSC Code, MICR code, branch details and also contact number of the branch.

The ING Vysya Bank IFSC code can be found printed on cheque leaflets issued by bank branches. If you do not have internet or are not comfortable to access it online, you can reach out to the ING Vysya Bank customer care department and request for the IFSC code of a specific branch. You can also walk in to the nearest ING Vysya Bank branch and the staff should be able to provide you with these details.

How does the IFSC code work?

To better understand IFSC codes and how these work in banking transactions, let’s say you want to find out Canara Bank IFSC code. The IFSC code of the Chandigarh branch of Canara Bank is CNRB00001995. CNBR in this code refers to the name of the bank, in this case, it is Canara Bank. The 5th character is set at zero for future use. The remaining 6 characters, 01995, allow RBI to identify a specific bank branch easily.

If you want to know how IFSC works, read on to find out. Whenever you initiate a fund transfer request for a specific payee, you must provide details such as the account number and IFSC code of the branch. Only after you have furnished these details, the money transfer is initiated and the amount is credited to the account holder. IFSC code helps to avoid any errors as far as money transfer is concerned.

Other than fund transfers, IFSC code is also used while purchasing insurance and financial products such as mutual funds via net banking. The Reserve Bank of India (RBI) and specifically it’s National Clearing Cell closely monitors all money transactions. This is when IFSC codes help the central bank to keep track of all transactions and ensure that fund transfers take place without any errors. IFSC codes are printed on all cheque books or bank passbooks. You can easily find any bank branch’s IFSC code in your bank account statement. Every bank and the branches have unique IFSC codes which are not repeated.

IFSC Code for ING Vysya Bank

As with all banks, the ING Vysya Bank branches can also be identified with the help of their unique IFSC codes. The IFSC code of ING Vysya Bank has initiates of VYSA, followed by 7 numbers. Thus, the format of ING Vysya Bank’s IFSC code is VYSA0123456.

IFSC codes are unique and they represent the specific branch of any bank across India. It is also called the Indian Financial System Code. With 11 characters, this code is a combination of English alphabets and numeric values. The English alphabets stand for the name of the bank. The normal format of the IFSC code is ABCD1234567. The first portion consists of alphabets which are also called as bank code and the second portion contains numbers and stands for the branch code.

NEFT, RTGS and IMPS at ING Vysya Bank

Online fund transfers require not just the IFSC Code of ING Vysya Bank but also the account details such as account number, account holder’s name as per bank records and type of account (like saving or current). Online modes of payments like NEFT, RTGS, and even IMPS can be used for many transactions including premium payments, ticket bookings, bill payments, donations, shopping, etc.

About MICR

MICR is short for Magnetic Ink Character Recognition. This technology is used by banks while printing the MICR codes. This code is made up of 9 digits which help in uniquely identifying a bank and its branches which are participants in an Electronic Clearing System (ECS). The first 3 digits of MICR represent the city code, the middle value is representative of the bank code and the last 3 refer to the branch code. You can locate the MICR code in a cheque leaf. It can be seen next to the cheque number. This code is also printed on the first page of any bank’s savings account passbook.

MICR Code is mainly used for processing of cheques using machines. It enables banks to carry out faster processing of cheques. It is important to state the MICR code while filling details in any financial transaction forms like investment forms or fund transfer forms etc.


1. What does IFSC code stand for?

The abbreviation IFSC refers to Indian Financial System Code.

2. What is the purpose of IFSC code?

IFSC or Indian Financial System Code is used for uniquely identifying all bank branches which participate in the National Electronic Funds Transfer (NEFT) network. This unique 11 digit code is provided to each bank branch by RBI.

3. How do I use IFSC code to look up a bank name?

You can easily find a bank name with the help of an IFSC code. The first four characters in the IFSC code are about the bank name. Thus, if the bank name is ICICI, the IFSC code will be something like ICIC0001420.

4. What is MICR code and what does it stand for?

MICR is an abbreviation for Magnetic Ink Character Recognition. This special ink is designed to be sensitive to magnetic fields. It can be found printed at the bottom of any cheque leaflet.

5. What do banks use MICR code for?

MICR is the latest technology which helps banks in identifying and verifying the originality of cheques or documents presented for any monetary transactions. Banks use this technology for faster processing of cheques. The MICR code also helps RBI to identify any bank branch.

6. Is there a way that I can transfer money online from one bank to another?

Yes. You can easily transfer money online from one bank to another through National Electronic Fund Transfer (NEFT), Real-time Gross Settlement (RTGS), Immediate Payment Service (IMPS), or Unified Payment Interface (UPI).

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