IFSC CIPHER

Bank Details

Bank Details










IFSC (Indian Financial System Code):

The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely identifies a bank branch in India. It is used to facilitate electronic payments such as Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), and Immediate Payment Service (IMPS). The IFSC code is composed of 11 characters: the first four characters represent the bank, the fifth character is always '0' (reserved for future use), and the last six characters represent the specific branch.

Banks Operating in India:

India has a robust banking sector comprising various types of banks, including public sector banks, private sector banks, foreign banks, regional rural banks (RRBs), cooperative banks, and small finance banks. Some of the prominent banks operating in India include:

Public Sector Banks:

State Bank of India (SBI) Punjab National Bank (PNB) Bank of Baroda (BoB) Canara Bank Union Bank of India

Private Sector Banks:

HDFC Bank
ICICI Bank
Axis Bank
Kotak Mahindra Bank
IndusInd Bank

Foreign Banks:

Citibank
HSBC
Standard Chartered Bank
Deutsche Bank
Barclays Bank

Regional Rural Banks (RRBs):

Andhra Pradesh Grameena Vikas Bank
Baroda UP Bank
Kerala Gramin Bank

Cooperative Banks:

Saraswat Bank
Cosmos Bank
SVC Co-operative Bank

Small Finance Banks:

AU Small Finance Bank
Equitas Small Finance Bank
Ujjivan Small Finance Bank

Branches of Banks in India:

Banks in India have an extensive network of branches spread across urban, semi-urban, and rural areas. The number of branches varies by bank, with larger banks like State Bank of India and HDFC Bank having thousands of branches nationwide. These branches provide a wide range of services including savings and current accounts, loans, fixed deposits, and various other banking products and services.
The presence of branches in rural areas is significant for financial inclusion, ensuring that banking services reach even the most remote parts of the country. This extensive branch network supports the Indian economy by facilitating financial transactions, supporting businesses, and contributing to overall economic development.