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What is IFSC code?

Monday, November 19, 2018, 10:52 AM

IFSC stands for Indian Financial System Code and is a unique 11 digit number, allotted by the Reserve Bank of India(RBI) to all banks and bank branches. You can find the IFSC code of your bank on the bank cheque book, Passbook and on the RBI website. It is very important to have the IFSC code for transferring funds using IMPS, NEFT and RTGS.
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What is IFSC?

Sunday, May 21, 2017, 5:41 AM

IFSC stands for Indian Financial System Code. It is a 11-digit alpha-numeric code that uniquely identifies a bank-branch participating in any RBI regulated funds transfer system. The IFSC code helps to transfer money using RTGS, NEFT or IMPS method. The first 4 digits of the IFSC represent the bank and last 6 characters represent the branch. The 5th character is zero.
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Why plastic rupee notes are a good idea?

Monday, March 20, 2017, 1:41 PM

Plastic notes have an average life span of 5 years, compared to paper notes which have a life span of just 3 years. They are stronger, much cleaner and have better security features than paper notes. Plastic notes were first issued in Australia in 1988. Today, more than 20 countries use these notes. Plastic notes have a reduced cost of production and replacement.

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