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The Indian Financial System Code is an 11-digit alpha-numeric code that is unique for bank branches that offer online money transfer options. The code is used to identify the bank branch on the National Electronics Funds Transfer (NEFT) network. This code is mandatory for all online funds transfers, including RTGS, NEFT, and Immediate Payment Service (IMPS). The first four characters of the IFSC is a signifier of the bank. For instance, for HDFC Bank, the IFSC starts with HDFC. You can find your bank’s IFSC Code for your branch along with the full address on your bank’s website. The last six characters are the identifier of the branch. These are always in the numeric form. Each branch has a unique six-digit code. The fifth character of the IFSC is zero. With the digital payment system in place for most banks, most banking transactions have moved online. Funds are transferred from one account to the other through IMPS, RTGS or NEFT modes. Therefore, the IFSC Code has emerged as a tool to maintain the security of such transactions and ensure that the funds are credited to the correct account. The IFSC code also helps the RBI keep track of all digital banking transactions. Without IFSC Code, you cannot make online transfers. Hence, with the correct IFSC Code, you can ensure that the funds are credited to the right account. If a friend wishes to make an online transfer to your account, they will ask for your IFSC Code. We tell you how to find the IFSC Code of your branc...