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List of IFSC code, MIRC code and addresses of all banks in India
Abhyudaya Cooperative Bank Limited
Abu Dhabi Commercial Bank
Ahmedabad Mercantile Cooperative Bank
Akola Janata Commercial Cooperative Bank
Almora Urban Cooperative Bank Limited
Andhra Pragathi Grameena Bank
Apna Sahakari Bank Limited
Australia And New Zealand Banking Group Limited
B N P Paribas
Bank Internasional Indonesia
Bank Of America
Bank Of Baharain And Kuwait Bsc
Bank Of Baroda
Bank Of Ceylon
Bank Of India
Bank Of Maharashtra
Bank Of Tokyo Mitsubishi Limited
Bassein Catholic Cooperative Bank Limited
Bharat Cooperative Bank Mumbai Limited
Bharatiya Mahila Bank Limited
Capital Local Area Bank Limited
Catholic Syrian Bank Limited
Central Bank Of India
Chinatrust Commercial Bank Limited
Citizen Credit Cooperative Bank Limited
City Union Bank Limited
Commonwealth Bank Of Australia
Credit Agricole Corporate And Investment Bank Calyon Bank
Credit Suisee Ag
DCB Bank Limited
Deposit Insurance And Credit Guarantee Corporation
Development Bank Of Singapore
Doha Bank Qsc
Dombivli Nagari Sahakari Bank Limited
Export Import Bank Of India
Firstrand Bank Limited
G P Parsik Bank
HSBC Bank Oman Saog
ICICI Bank Limited
Indian Overseas Bank
Industrial And Commercial Bank Of China Limited
ING Vysya Bank
Jalgaon Janata Sahakari Bank Limited
Jammu And Kashmir Bank Limited
Janakalyan Sahakari Bank Limited
Janaseva Sahakari Bank BORivli Limited
Janaseva Sahakari Bank Limited
Janata Sahakari Bank Limited
JP Morgan Bank
Kallappanna Awade Ichalkaranji Janata Sahakari Bank Limited
Kalupur Commercial Cooperative Bank
Kalyan Janata Sahakari Bank
Kapol Cooperative Bank Limited
Karnataka Bank Limited
Karnataka Vikas Grameena Bank
Karur Vysya Bank
Kerala Gramin Bank
Kotak Mahindra Bank Limited
Laxmi Vilas Bank
Mahanagar Cooperative Bank
Maharashtra State Cooperative Bank
Mizuho Corporate Bank Limited
Nagar Urban Co Operative Bank
Nagpur Nagarik Sahakari Bank Limited
National Australia Bank Limited
New India Cooperative Bank Limited
NKGSB Cooperative Bank Limited
Nutan Nagarik Sahakari Bank Limited
Oriental Bank Of Commerce
Pragathi Krishna Gramin Bank
Prime Cooperative Bank Limited
Punjab And Maharshtra Cooperative Bank
Punjab And Sind Bank
Punjab National Bank
Rajgurunagar Sahakari Bank Limited
Rajkot Nagrik Sahakari Bank Limited
Ratnakar Bank Limited
Reserve Bank Of India
Sahebrao Deshmukh Cooperative Bank Limited
Saraswat Cooperative Bank Limited
Shikshak Sahakari Bank Limited
Shri Chhatrapati Rajashri Shahu Urban Cooperative Bank Limited
Solapur Janata Sahakari Bank Limited
South Indian Bank
Standard Chartered Bank
State Bank Of Bikaner And Jaipur
State Bank Of Hyderabad
State Bank Of India
State Bank Of Mauritius Limited
State Bank Of Mysore
State Bank Of Patiala
State Bank Of Travancore
Sumitomo Mitsui Banking Corporation
Sutex Cooperative Bank Limited
Tamilnad Mercantile Bank Limited
The A.P. Mahesh Cooperative Urban Bank Limited
The Akola District Central Cooperative Bank
The Andhra Pradesh State Cooperative Bank Limited
The Bank Of Nova Scotia
The Cosmos Co Operative Bank Limited
The Delhi State Cooperative Bank Limited
The Gadchiroli District Central Cooperative Bank Limited
The Greater BOMbay Cooperative Bank Limited
The Gujarat State Cooperative Bank Limited
The Hasti Coop Bank LTd
The Jalgaon Peopels Cooperative Bank Limited
The Kangra Central Cooperative Bank Limited
The Kangra Cooperative Bank Limited
The Karad Urban Cooperative Bank Limited
The Karanataka State Cooperative Apex Bank Limited
The Kurmanchal Nagar Sahakari Bank Limited
The Mehsana Urban Cooperative Bank
The Mumbai District Central Cooperative Bank Limited
The Municipal Cooperative Bank Limited
The Nainital Bank Limited
The Nasik Merchants Cooperative Bank Limited
The Rajasthan State Cooperative Bank Limited
The Royal Bank Of Scotland N V
The Seva Vikas Cooperative Bank Limited
The Shamrao Vithal Cooperative Bank
The Surat District Cooperative Bank Limited
The Surath Peoples Cooperative Bank Limited
The Tamil Nadu State Apex Cooperative Bank
The Thane Bharat Sahakari Bank Limited
The Thane District Central Cooperative Bank Limited
The Varachha Cooperative Bank Limited
The Vishweshwar Sahakari Bank Limited
The West Bengal State Cooperative Bank
The Zoroastrian Cooperative Bank Limited
TJSB Sahakari Bank Limited
Tumkur Grain Merchants Cooperative Bank Limited
Union Bank Of India
United Bank Of India
United Overseas Bank Limited
Vasai Vikas Sahakari Bank Limited
Westpac Banking Corporation
Zila Sahakri Bank Limited Ghaziabad
IFSC stands for Indian Financial System Code. It is an 11-character alphanumeric (containing both letters and numbers) that gives a unique ID to every single bank branch in the country that participates in inter-bank electronic funds transfer. For instance, if you have 2 accounts in the same bank but in different branches, each branch will have a different IFSC number.
You can find the most recent exhaustive list IFSC Codes for all bank branches participating in electronic funds transfer at the Reserve Bank of India
The format of this 11-character code is as follows:
The first 4 letters represent the bank name;
The fifth character is 0 (for future use);
The last six characters (numbers or letters) represent the individual branch.
Anytime you want to transfer funds electronically, without using physical cheques or DDs, you will need to know to the IFSC number of both the transferring bank branch as well as the transferee branch. There are many thousands of branches that participate in electronic transfer, spread across the country. SBI alone has more than 15,000 branches that conduct electronic transfers.
The IFS Code is a requirement for any transaction on the main electronic funds transfer systems operational in India – including RTGS (Real Time Gross Settlement), NEFT (National Electronic Funds Transfer) and IMPS ( Immediate Payment System). These systems make money transfers across the country speedier, safer and less cumbersome.
All participating bank branches will also have a list of the IFSC Codes of the branches, bank-wise.Additionally, all participating banks are advised by the RBI to print the IFS code of the branch on the cheque leaf as well as in the passbook and statement of account sent to the customer.
First, it is important to understand the terms NEFT and IFSC mean.
National Electronic Funds Transfer (NEFT) is a nation-wide payment system that enables transfer of funds from one account to another without the use of physical cheques or DDs. Under this scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate account. However, both the transferring and receiving branch need to be part of the NEFT system. There are tens of thousands of bank branches that are NEFT-enabled, spread across the country.
IFSC (Indian Financial System Code) is an 11-character code that serves as a unique ID for each bank branch that participates in NEFT. If you have 2 accounts in different branches of the same bank, each branch will have a different IFSC number. You need the IFSC number of your bank branch and the beneficiary branch in order to conduct a NEFT transaction.
How does the NEFT system operate?
You need to fill an application form at your bank, providing details of the beneficiary (like name of the beneficiary, name of the bank branch where the beneficiary has an account, IFSC of the beneficiary bank branch, account type and account number) and the amount to be remitted. The application form will be available at the originating bank branch where you have an account. On the form you authorize your bank branch to debit your account and remit the specified amount to the beneficiary’s bank account.
If you have net banking facilities, you can carry out the funds transfer request online, without even going to the branch to fill out the form. There is a small fee depending on the amount that is being transferred. The beneficiary does not have to pay any fee.
The NEFT system can also be used to pay credit card bills and loan EMIs. You will need to quote the IFSC of the beneficiary bank when initiating the transaction.
What are the advantages of using NEFT?
NEFT is safe, easy and quick.
IFSC and RTGS are two separate, though linked, terms.
IFSC (Indian Financial System Code) is an 11-character code. It is a unique ID for each bank branch that participates in inter-bank electronic funds transfer in the country. If you have accounts in 2 branches of the same bank, each branch will have a different IFSC number.
RTGS (Real Time Gross Settlement) is a system of electronic funds transfer in India. You need the IFS code of the originating and destination branch in order to initiate an RTGS transaction. RTGS is primarily used for large value transactions as the minimum amount is a few lakhs, while there is no upper limit.
RT (Real Time) refers to continuous processing of fund transfer order as soon as the instruction is received (and not done at a later time), while GS (Gross Settlement) means that each transaction is processed individually and not bundled with other transactions. The beneficiary bank has to credit the beneficiary's account within 30 minutes of receiving the funds transfer message.
For a funds transfer to go through RTGS, both the sending bank branch and the receiving bank branch have to be RTGS enabled. There are more than 110,000 RTGS–enabled branches across 30,000 towns and talukas in India and where you can find a list of participating branches.
In order to initiate an RTGS remittance, you need to furnish the following details to the bank:
IMPS stands for Immediate Payment Service. It is an inter-bank electronic payment system in India and transactions can be initiated online (through net banking) or on phone (through mobile banking.) You can send and receive money between any two accounts in participating banks. The funds are credited instantly - as compared to physical cheques which can take some time to clear and for the funds to be credited to the account.
IFSC stands for Indian Financial System Code. It is an 11-character code (containing both letters and numbers) that serves as a unique ID for each and every branch that participates in electronic funds transfer in the country. You need to know the IFS code of the branch of the account you are sending funds to.
What is the advantage of using IMPS?
The advantage of using IMPS is that it is open for use 24 hours a day, 7 days a week, including Sundays and bank holidays. Some banks charge a nominal fee for using IMPS depending on the amount to be transferred. IMPS is instant and in real time (i.e. your order is processed as soon as you initiate it, rather than being bundled with other transactions.)
Does your beneficiary also have to register for IMPS?
If you are using IMPS online with your beneficiary’s account number and IFSC number, then your beneficiary does not have to be registered. If you use IMPS on your phone through mobile banking, then both you and your beneficiary need an MMID (Mobile Money ID). MMID is a 7 digit code that links a customer’s mobile number to his/her bank account, to ensure safety in case you enter a wrong mobile number for the beneficiary.
There are two ways of finding the IFSC (Indian Financial System Code) for any bank-branch in India:
1. All participating bank branches will have a list of the IFSC Codes of the branches, bank-wise.
Additionally, all participating banks are advised by the RBI to print the IFS code of the branch on the cheque leaf as well as in the passbook and statement of account sent to the customer.
IFSC (Indian Financial System Code) is a unique identity for every bank-branch in India that participates in inter-bank electronic funds transfer in the country. It is an 11-character alphanumeric code that identifies every single bank branch that is part of one of the two main electronic funds transfer systems in the country.
The format of the code is as follows:
the fifth character is 0 (for future use);
the last six characters (numbers or letters) represent the individual branch.
The IFS Code is a pre- requisite for any transaction on the two main electronic funds transfer systems operational in India – RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) as well as IMPS (Immediate Payment System).
NEFT, RTGS and IMPS are all electronic funds transfer systems in operation in the country. All three systems ensure speedy, safe and convenient transfer of funds between accounts within the country. Instead of using physical instruments like cheques or DDs, these electronic payment systems allow you to transfer money without the danger of loss or fraudulent encashment of cheques. It is a far quicker and more convenient way to transfer money, especially if you have access to online/mobile phone banking facilities. NEFT and RTGS were introduced around 20 years ago, while IMPS was introduced in 2010.
Below is a comparison of the three systems in key categories:
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RTGS to be Available Round the Clock from 1st December1 Dec 2020
To promote India’s digital economy, the RBI has decided to extend RTGS timings. Currently, it’s available from 7.00 am to 6.00 pm on all working days, except the second and fourth Saturdays in a month. From 1st December, fund transfers via RTGS will ...
To promote India’s digital economy, the RBI has decided to extend RTGS timings. Currently, it’s available from 7.00 am to 6.00 pm on all working days, except the second and fourth Saturdays in a month. From 1st December, fund transfers via RTGS will be available 24 x 7, 365 days of the year. RTGS transactions happen on a real-time basis and are primarily used for large-value fund transfers. With this move, RTGS will be available 24 x 7 like the other two popular fund transfer modes IMPS and NEFT.
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