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IFSC / MICR branch codes for India (INR)

ï»¿An IFSC is an Indian Financial System code, and is the popular term for a bank identifier code (BIC) used among banks in India to transfer funds. It is an 11-digit code identifying your country, city, bank, and branch. With this simple code, oDesk's bank can route funds to any registered bank in India. Your bank's IFSC is typically found on your checkbook.
IFSC Code is assigned by RBI to find every bank branches uniquely, that are participating in NEFT system in India. The electronic payment system applications such as RTG , National Electronic Fund Transfer and CFMS and these applications are using this code.
The code is of 11 characters. The first part is the first 4 alphabet characters representing the Bank. Next character is 0(zero), this is reserve for future use. The branch code is the last six characters. To know what IFSC Code is deeply, go through the article fully. Otherwise, if you need IFSC Code of any branch, just follow the instructions below.
How to find IFSC code:
Normally, this 11 digit code will be print on cheque book for NEFT enabled banks. Also, you can find bank IFSC code, bank details, branch address for all banks in India. By using 4 steps you can easily find this code and branch place.
~ Select your Bank (eg: State Bank of India)
~ Select your State
~ Select your District
~ Select your Branch name you can find IFSC Code, MICR Code, Address and Contact phone number of your bank branch.
Each bank's individual branch has its own IFSC, so check with your bank to make sure you use the correct code. If you provide us with the IFSC of your bank's head office, your payment will get routed to your branch based on your account number and account holder information. However, this may result in a delay in receiving your funds, so we encourage you to provide us with your branch IFSC.
Magnetic Ink Character Recognition, or MICR, is a character recognition technology used primarily by the banking industry to facilitate the processing.
MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. As a machine decodes the MICR text, it first magnetizes the characters in the plane of the paper. Then the characters are passed over a MICR read head, a device similar to the playback head of a tape recorder. As each character passes over the head it produces a unique waveform that can be easily identified by the system.
Composition of the MICR code
It comprises of 3 parts:
~ The first three digits represent the city (City Code). They are aligned with the PIN code we use for postal addresses in India.
~ The next 3 digits represent the bank (Bank Code)
~ The last 3 digits represent the branch (Branch Code)
Example 1
Let's say you have an account in the Andheri (West), Mumbai branch of State Bank of India (SBI). What would be its MICR code?
~ City code for Mumbai: 400
~ Bank code for SBI: 002
~ Branch code for Andheri (West): 003
Thus, the MICR code is: 400002003
Example 2
Say you have an account in the Indira Nager, Bangalore branch of ICICI Bank.
~ City code for Bangalore: 560
~ Bank code for ICICI Bank: 229
~ Branch code for Indira Nagar: 013
Thus, the MICR code is: 560229013
If you have the MICR code, you can find out the bank name, branch and city by just reversing the process!

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