What is an IFSC code?
IFSCs (Indian Financial System Codes) are used by Indian banks to identify bank branches when processing money transfers. This means that you’ll need to use an IFSC code to transfer money to India from abroad, or from one Indian bank to another through NEFT, RTGS or IMPS networks.
The IFSC code for each bank branch is assigned by the RBI (Reserve Bank of India). You can find the right code to use on the RBI’s website, or by searching for your bank on this page.
If you’re sending money to India with Wise, all you’ll need is your recipient’s IFSC code (identifying the bank branch) and their account number (identifying the individual account).
Format of an IFSC code
IFSC codes are usually made up of 11 characters. The first 4 characters identify the bank the code is associated with (like State Bank of India, or ICICI Bank). The last 6 characters identify an individual branch for that bank.
Search for your bank’s IFSC code
Choose your bank from the list, and we’ll show you IFSC codes for its branches.
We maintain and update this list regularly, but you should always check that you have the right IFSC code with your bank or recipient. Using the wrong code might result in your payment being cancelled, or being sent to the wrong destination.
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What are NEFT, RTGS and IMPS payments?
- NEFT (National Electronic Funds Transfer) payments are made in batches several times a day. This means your money can take up to 3 hours to arrive.
- RTGS (Real Time Gross Settlement) is a real-time money transferring system. Unlike NEFT payments, your money will arrive in the recipient's account right away.
- IMPS (Immediate Payment Service) is a system for instant mobile payments. You can send or receive IMPS payments 24/7.
Rs. 2 lakh
Rs. 5 lakh
2 hours or next day
Instant or next day
Monday – Friday: 8 A.M to 6.30 P.M Saturday: 8 A.M to 12 P.M
Monday – Friday: 9 A.M to 4.30 P.M Saturday: 9 A.M to 2 P.M
Where to find an IFSC code on a cheque
You can usually find your bank’s IFSC and MICR codes in your cheque book, or on the front page of your passbook. If you don’t have either of these to hand, search for your bank on this page instead.
IFSCs and MICR codes — what’s the difference?
IFSCs and MICR codes have a very similar purpose — they both help to identify individual bank branches in India. They differ in how they do this, though.
IFSCs (Indian Financial System Codes) are issued by the RBI (Reserve Bank of India) to identify bank branches within the country. Every branch has one, and you can use them when sending money online to someone in India.
MICR (Magnetic Ink Character Recognition) codes also help to identify bank branches, but they’re only used when processing cheques. These codes are machine-readable, which means that banking systems can quickly identify the destination branch when you deposit a cheque. You won’t need to use an MICR code when sending money online.