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Vijaya Bank was established as a nationalised bank with its corporate office in Bengaluru, Karnataka. Since the time of its establishment, the bank has been offering financial products and services via its multiple delivery channels across the country. The bank was merged with Bank of Baroda and Dena Bank in 2018.

Since the merger, customers of both the banks are now part of Bank of Baroda customer base. It has since become the third-largest bank in India. The merger has proved to be beneficial to all customers since they can now have access to numerous branches, ATMs and various other services in India. The bank has gained substantial market share since its merger and established economies of scale, thus improving its profit-generating ability.

The Indian Financial System Code (IFSC) is made up of 11 digits with an alphanumeric combination. IFSC Code is primarily used for identifying all the bank branches which participate in digital/electronic fund transactions such as NEFT and RTGS. Vijaya Bank branches too can be identified with the help of the unique IFSC code. The IFSC code of Vijaya Bank generally begins with VIJB, followed by 7 digits. Thus, the format of Vijaya Bank’s IFSC code is VIJB0123456.

Significance of IFSC Code

Ever wondered why IFSC code is so important to the banking system? Read on to find out its significance.

  • IFSC codes are designed as unique codes assigned to every bank branch and no two branches can have the same IFSC code. This helps in uniquely identifying a bank branch during fund transfers.
  • The first 4 characters of any IFSC code help us in identifying a particular bank and the remaining 6 digits represent the bank branch.
  • In the case of bank mergers, the IFSC code is replaced with the code of the branch under which the customers bank accounts are merged and tagged.
  • Let’s say, you wish to transfer funds from one bank account to another. The branch will be different, and therefore, the server, as well as code, will change. It helps in making electronic fund transfer safe and secure.
  • RBI regulates the IFSC code generation and allotment for all types of funds transfer that takes place in the banking system.

What is Vijaya Bank’s IFSC code?

Vijaya Bank IFSC code can be searched online on the bank’ website. It can also be found on RBI’s website. Only enter the complete name of the bank and the specific branch name which you are looking for. Many other trusted websites including Credit Mantri have IFSC codes of all banks across India.

Here is the set of information you will need for fund transfer across banks:

  • Name of Beneficiary
  • Amount to Be Transferred
  • Beneficiary’s Account Number
  • Beneficiary’s Bank Name
  • IFSC Code of Beneficiary bank

Transferring Funds via NEFT/RTGS

National Electronic Funds Transfer (NEFT)

The Reserve Bank of India set up the National Electronic Funds Transfer system for online fund transfer. It is also referred to as NEFT. It helps banks in the transfer of funds electronically from one account of another and across banks. NEFT does not require any minimum and maximum amount for transferring funds. NEFT is helpful for transactions of value Rs. 1 lakh or less.

Vijaya Bank offers NEFT facility across most of its branches. NEFT transfers are allowed in 23 half-hourly batches starting from 8:00 AM to 7:00 PM on all working days. RBI monitors and regulates all the NEFT transactions that take place across banks in India. The amount gets credited on the same day for all the transactions which are initiated in the above-mentioned batches.

Real-Time Gross Settlement (RTGS)

RTGS is a quick way to transfer funds online. The Reserve Bank of India monitors and regulates all the RTGS transactions that take place across banks in India. It is an online mechanism where the bank account holders can transfer funds on a real-time basis.

RTGS allows remittance of an amount higher than Rs. 1 lakh. To make fund transfer through RTGS it is necessary to mention the Indian Financial System Code (IFSC) of the beneficiary bank/branch and also the initiating bank/branch apart. Other details include the name of the bank, payor’s name, branch name, account number, beneficiary’s name and account number. RTGS is a good substitute for traditional fund transfer modes like DD, TT, etc.

Here’s what you should know about IFSC codes

The Reserve Bank of India generates and assigns IFSC code to all bank branches in India. It is primarily used for fund transfers online and offline. It helps in the identification of each bank branch that participates in fund transfer processes like Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT) and Centralised Funds Management System (CFMS).

Banks offer various online services like RTGS or NEFT for fund transfer. These can be used by adding the beneficiary’s details such as bank account number, full name and IFSC Code of the beneficiary bank branch. Once the verification of the IFSC code is done, one can transfer funds to the payee. IFSC code is normally printed on all cheque leaflets issued by the bank branches.

IFSC Code ensures that users can easily transfer funds within a few hours. The beneficiary’s account number must be mentioned, exact branch name, correct IFSC code of the receiving branch must be stated for smooth and secure fund transfer. IFSC code is also used for various bill payments like credit cards, etc.


1. I have a bank account number, can I find IFSC code using the same?

The IFSC code comes in an 11-character format. You can find the IFSC Code printed on your cheque leaflet and also passbook. You can search for any IFSC Code online. However, a bank account number will not help search IFSC code online. Just type in the bank and branch name in any reputed website and you will easily be able to find the IFSC code for the same.

2. How does RBI design IFSC format? Is it the same for all banks across India?

IFSC code comes in an 11-character format. The first 4 characters of this code are for the bank’s name and the remaining 6 characters represent the branch code. For instance, the State Bank of India IFSC code has the first four letters as SBIN. The last 6 digits are for branch code. The IFSC code of SBI branch at Azadpur, Delhi is SBIN0001707, in which, 001707 is the branch code. While banks across India have the same format of IFSC code, no two bank branches will have the same code.

3. I want to share IFSC code with someone, can I do so?

IFSC Code is designed by RBI and is unique for a bank branch. It is required to be presented for all fund transfer requests that are initiated online across India. The code is specific to each bank branch and it helps in ensuring that all transactions are carried out safely and securely. You can share the IFSC Code, however, make sure that it is not meant for misuse or fraud.

4. Why is IFSC code critical in the Indian banking system?

IFSC Code is crucial for online transfer of funds in the banking system across India. It helps in instant transfer of funds via online modes such as NEFT RTGS and IMPS. It offers a safe and secure fund transfer process since RBI can easily monitor the transfers with the help of IFSC code.

5. Are IFSC code and Swift code the same?

No, both are distinct codes. IFSC code is primarily used for online and offline funds transfer through systems across India. Swift Code is mainly required for funds transfer that are to be done across the international banking network.

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Latest & Update Ifsc Code Vijaya Bank News

IFSC codes of Vijaya bank changed after its amalgamation with BOB17 Jan 2022

Vijaya bank is merged with the Bank of Baroda on 1st April 2019. After the collaboration, the Vijaya bank’s IFSC codes and MICR had become invalid as a new code was given to its existing customers by BANK OF BARODA. Here the old IFSC code of Vijaya B...

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Vijaya bank is merged with the Bank of Baroda on 1st April 2019. After the collaboration, the Vijaya bank’s IFSC codes and MICR had become invalid as a new code was given to its existing customers by BANK OF BARODA. Here the old IFSC code of Vijaya Bank starts with “VIJB” followed by a unique user number. After the amalgamation, the new IFSC codes begin with “BARB0VJ” followed by the branch name of Vijaya bank. For instance, the new IFSC CODE after amalgamation is “BARB0VJFAIZ” where the FAIZ is the short form of the branch name FAIZABAD.