The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main electronic funds settlement systems in India: the real time gross settlement (RTGS) and the national electronic funds transfer (NEFT) systems. This is an 11-character code with the first four alphabetic characters representing the bank, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use. IFSC is used by the NEFT & RTGS systems to route the messages to the destination banks/branches.
First Four Character - Representing the bank -
Last Six Characters - Representing the branch
Fifth Character - Is 0 (zero) and reserved for future use
Example Pilani Branch Bank Of India
Bank Of India (IFSC - BKID0006647)
First Four - BKID
Last Six - 000664
Last Code - 7
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