What is IFSC (Indian Financial System Code)?

IFSC (Indian Financial System Code) is an alpha-numeric code that is uniquely identifies of a all indian bank branch participating in the NEFT (National Electronic Funds Transfer) system. This code has an 11 digit with the 1st 4 alpha characters represent the bank, and the last 6 characters represent the branch. IFSC is used by the NEFT (National Electronic Funds Transfer) system to identify the destination banks / originating / branches and also to direction the messages appropriately to the relevant banks / branches.

What are the operating hours of NEFT (National Electronic Funds Transfer)?

 

NEFT (National Electronic Funds Transfer) transfer request made by 7:00 PM (IST) will be presented to RBI (Reserve Bank of India) on the same day (except Saturday and Sunday). Funds transfer request after 6:00 PM will be presented to RBI (Reserve Bank of India) on the next day.

Note:
* There will be no NEFT / RTGS transactions in the non Banking hours or Sundays and Public Holidays.
* Please also note that the minimum transaction amount of Rs. 2 lakh for an RTGS transaction.