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What is Bank IFSC Code

Indian Financial System Code (IFSC) - Bank IFSC Code is used for electronic payment applications. The types of Electronic Pamynets are

1. RTGS - Real Time Gross Settlement
2. NEFT - National Electronic Funds Transfer
3. IMPS - Immediate Payment Service, an interbank electronic instant mobile money transfer service
4. CFMS - Centralised Funds Management System or CFMS

These types are developed by Reserve Bank of India (RBI) and RBI is allocating the Bank IFSC Code for each bank branch. The Bank IFSC Code Code has 11 characters 'Alpha Numeric' in nature. The First four characters in the Bank IFSC Code represent bank, fifth character is default '0' left for future use and last six characters represent bank branch.

What is MICR Code

Magnetic Ink Character Recognition Code is printed on cheque book to facilitate the processing of cheques.

What Is Bank IFSC Code?

The Indian Financial System Code (IFSC) is an 11 digit alphanumeric code. Bank IFSC Code is a unique arrangement of digits and letters which represents a bank's particular branch (CREDIT SUISEE AG). This code is used in Electronic Funds Transfer Systems.

In this page you can see the CREDIT SUISEE AG bank's All district All branch Bank IFSC Code.