IFSC stands for Indian Financial System Code . The Payment System Applications such as Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT) and Centralised Funds Management System (CFMS) developed by the Reserve Bank of India use these codes.

The IFSC code consists of 11 Characters : (e.g SBIN0000987)
First 4 characters represent the Bank name (SBIN0000987)
Fifth position has been defaulted with a '0' (Zero) for future use (SBIN0000987)
Last 6 character denotes the branch identity (SBIN0000987 )
IFSC is being identified by the RBI as the code to be used for various payment system projects within the country, and it would, in due course, cover all networked branches.

If IFSC code is not known, use this link, to get IFSC code of any bank branches in India

            If MICR code is not known, use this link, to get MICR code of any bank branches in India

We have more than 1,54,797  Nos. of Post Offices' details with us.

Yes, we do have the pincodes data of more than 9 lakh localities (including villages and towns) of India.

First you need to go to our search page. On this page, type the desire location name in the given search box. As you type, the search box will pop-up a matching suggestion list. You can then click on the relevant result to get the postal code details.

Historically, banks and financial institutions have been very localized and controlled by tight regulations. The International Organization for Standards (ISO) has defined the SWIFT-BIC under ISO 9362. It has created standards that can be used by all nations.

These codes are used to identify banks for the wire transfer of money between organizations. By identifying a member bank, electronic money can be moved around and recorded accurately and quickly.

With the incredible development of technology, more and more electronic devices are being used every day for buying and selling goods and services. The SWIFT network creates a secure environment for receiving messages about financial transactions. SWIFT transfer messages and payments orders. It does not hold accounts, or clear or settle financial transactions.

SWIFT has created a secure network, software and common template, standards and protocols for financial messages around the globe. It has facilitated global financial transactions. These protocols are continually being updated.

No. Other financial or non-financial institutions can be members of SWIFT also. The BIE stands for Business Entity Identifier and is used for these other organizations.

There are more than 7,000 active codes with an additional 10,000 codes for manual transactions.

In 2010, more than 200 countries and territories were represented by members in the SWIFT network.

SWIFT is a cooperative society under Belgian law.

There are data centers in the Netherlands, Switzerland, and the United States.

In 2012, the United States and European Union forced SWIFT to disconnect all Iranian banks from its network.

The SWIFT network is regulated under the laws of the European Union.

In February 2012, the Danish newspaper Berlingske reported that the United States seized money from a transaction between Denmark and Germany. A Danish businessman was paying for Cuban cigars bought from Germany which suggests that the United States is also regulating SWIFT.

The MICR code is an older code that was introduced by the Reserve Bank of India (RBI) in the early 1980's to simplify fund transfer via checks or Demand Drafts (DD). MICR stands for Magnetic Ink Character Recognition and is a 9 digit numeric code that can be found on all checks. The MICR code is printed on the bottom of the check or DD using a special magnetic ink. It is possible to extract the information in the MICR code using a special machine even if there is some writing or stamping on top of the MICR code.

• First three digits: The first three digits of a MICR code determines the city in which the bank account is held.
• Next three digits: The next three digits of the MICR code is used to determine the bank.
• Last three digits: The last three digits of the MICR code is used to identify the bank branch.

MICR stands for Magnetic Ink Character Recognition. This is a 9 digit code to identify the location of the bank branch. The MICR Code is a numeric code that uniquely identifies a bank-branch participating in the ECS Credit scheme. The MICR Code allotted to a bank branch is printed on the MICR cheques issued by bank branches.

The MICR code consists of 9 Characters : (e.g 600002066)
First 3 characters represent the city (600002066 )
Next 3 characters represents the bank (600002066)
Last 3 character denotes the branch identity (600002066 )

RTGS- Real Time Gross Settlement. This is the one of the Inter Bank fund transfer method, which enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch. There are two systems of Inter Bank Transfer RTGS and NEFT. Both of these systems are maintained by Reserve Bank of India.

RTGS is a system where the processing of funds transfer instructions takes place in real time. Also the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.

NEFT operates in hourly batches.

Currently there are

v Twelve settlements from 8 am to 7 pm on week days and

v Six settlements from 8 am to 1 pm on Saturdays.

The beneficiary can expect to get the credit for the transactions,

v Between 8 am to 5 pm on weekdays

v Between 8 am to 12 noon on Saturdays

on the same day.

For transactions settled in the

v after 6 pm on week days and

v after 1 pm on Saturday

The credit will be either on the same day or on the next working day.

   Yes. If the beneficiary's bank is unable to credit the beneficiary's account for any reason, the beneficiary's bank will return the money to the remitting bank within 2 hours. Once the amount is received by the remitting bank, it is credited to the remitter's account by the branch concerned.

Yes. If the beneficiary's bank is unable to credit the beneficiary's account for any reason, the the beneficiary's bank will return the money to the remitting bank within 2 hours of completion of the batch in which the transaction was processed. Once the amount is received by the remitting bank, it is credited to the remitter's account by the branch concerned.

Please contact your bank/branch or the destination bank/branch or the Customer Facilitation Service Centre of the banks

RTGS transactions are sent to RBI as per the following schedule:

NEFT transactions will be sent to RBI based on the following schedule:

Please note that all the above timings are based on Indian Standard Time (IST) only.

            For effecting an RTGS/NEFT remittance the remitter has to furnish the following information:

v Amount to be remitted

v Account number of the Remitter, which is to be debited

v Name of the beneficiary

v Name of the beneficiary bank

v Account number of the beneficiary, which is to be credited

v IFSC code of the beneficiary bank branch

v Additional remarks, if any

Note : These Transaction charges may change without prior notice. Contact your bank for updated information.

NEFT- National Electronic Fund Transfer. This is the one of the Inter Bank fund transfer method, which enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch. There are two systems of Inter Bank Transfer RTGS and NEFT. Both of these systems are maintained by Reserve Bank of India.

NEFT is system of fund transfer operates on a Deferred Net Settlement basis. Fund transfer transactions are settled in batches as opposed to the continuous, individual settlement in RTGS.
Presently, NEFT operates in hourly batches

• from 8 am to 7 pm on week days
• and 8 am to 1 pm on Saturdays.

For availing this facility please contact your Bank. This NEFT/REGTS facility can be utilised by NetBanking or at Bank Branches.

The transaction limit for NEFT/RTGS under Retail Internet Banking is

The minimum/maximum amount for RTGS/NEFT transactions under Corporate Internet Banking is

Note : These limits may changes with out prior notice. Please ensure these from your bank.

Under normal circumstances the beneficiary Bank branch receives the funds in real time as soon as funds are transferred by the remitting Bank. The beneficiary Bank has to credit the beneficiary's account within two hours of receiving the funds transfer message.

SWIFT is headquartered in La Hulpe, Belgium.