If you’re making a bank transfer in Australia, you'll need a BSB code. Read on to check where to find one or whether you have the correct one.
India is where food and culture collide with history and religious monuments. From its growing, bustling cities to its delicious, spicy curries to its tombs, temples and monuments, there’s much to see and experience in India. But India has much more to offer than just a an exotic destination for tourists. Whether you’ve recently moved to India or you’re sending money there from abroad, you still may be wondering just what an IFSC code is.
You’re not alone. You’ll want to know what one is, and how to use it, before you send your money there.
India has a unique system for making electronic funds transfers, and it’ll take some time and research to get the hang of what’s needed to make sure money ends up in the right place when you send it to a bank account in India.
Ready to learn how India’s money transfer system works? Read on to get the know-how you need to successfully send money anywhere in India.
An IFSC code is an 11-digit number that you'll see on Indian checks and other bank materials. It’s used to identify individual bank branches that participate in various online money transfer options. You can think of an IFSC code as the bank branch equivalent of a postal code that tells you its exact location. Each bank branch and location has its own unique IFSC code that allows users to make electronic funds transfers and ensures that your money ends up in the right account.
IFSC stands for Indian Financial System Code.
IFSC codes were initially assigned by the Reserve Bank of India (RBI) to identify unique branches participating in national electronic funds transfer (NEFT) system, but IFSC codes are now also used by other electronic payment system applications such as real time gross settlement (RTGS). Really, though, these days any transfer system that’s regulated by the RBI will require the use of an IFSC code. Anytime you want to make an electronic funds transfer to a bank account in India, you'll need the IFSC code for the branch where the recipient account is based.
IFSC codes are 11 characters, comprised like this: XXXX0YYYYYY.
- The first four (XXXX) are alphabetic characters that represent the bank.
- The zero (0) is reserved for future use.
- The last six digits (YYYYYY) are a code of numbers representing the individual branch of the bank.
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Here’s an example of what an ICICI bank IFSC code looks like:
|IFSC Code ICICI Bank|
|Branch name||Delhi - Barakhamba|
|Address||G-4,19, Arunachal Building, Barakhamba Road|
This IFSC code is just an example for one branch of ICICI Bank, and before making any money transfers, you should consult with your bank to ensure you have the correct IFSC code for the recipient. If you don’t have the correct code, your transfer could end up in the wrong place, or fail to go through. You can find your specific branch by using ICICI Bank’s IFSC code finder tool here.
Here’s an example of what a State Bank of India IFSC code looks like:
|IFSC Code State Bank of India|
|Branch name||Commercial Branch New Delhi|
|Address||2ND FLOOR, NEW DELHI MAIN BRANCH 11 PARLIAMENT STREET NEW DELHI|
This information is just a single example of an IFSC code for one branch of State Bank of India. So before you send any money, you’ll need to check with your bank or your recipient’s bank to make sure you have the right IFSC code. If the code is wrong, your transfer could end up in the wrong place, or fail to go through. If you know the branch or the address, you can find the correct IFSC code by using an online IFSC code finder like this one here.
Here is an example of what an HDFC bank IFSC codee looks like:
|IFSC Code HDFC Bank|
|Branch name||K G MARG|
|Address||209 - 214 KAILASH BUILDING 26 KASTURBA GANDHI MARG NEW DELHI DELHI|
This is just a guide showing a single example of an IFSC for one branch of HDFC Bank. Which means, before making your money transfer, you’ll want to consult with the recipient or recipient bank to make sure your details are correct. If you know the state and address where the HDFC bank is located, you can find the correct IFSC code by using their online IFSC code finder here.
Here is an example of what a Citibank Bangalore IFSC code looks like:
|IFSC Code Citibank Bangalore|
|Branch name||M G Road Branch|
|Address||506-507, LEVEL 5, PRESTIGE MERIDIAN 2, # 30 M G ROAD, BANGALORE - 560001|
This is only an example of one branch for Citibank Bangalore. Which means if you’re sending money to a bank account there, you’ll need to double check with the recipient bank what the correct IFSC code for that branch is. There are a list of branches online here for Citibank Bangalore where you may be able to find your IFSC code from.
Here is an example of what a Citibank Chennai IFSC code looks like:
|IFSC Code Citibank Chennai|
|Branch name||ANNA SALAI CHENNAI|
|Address||163, ANNA SALAI, CHENNAIi 600 002|
This is just one branch of Citibank Chennai. So if you’re sending money to a different branch, that will mean you will need to check with your recipient to make sure your IFSC code and other details are correct. There are a list of branches online here for Citibank customers where you may be able to find your IFSC code from.
Here is an example of what a Citibank Pune IFSC code looks like:
|IFSC Code Citibank Punei|
|Address||GROUND FLOOR, ONYX TWR, 37/3 GHORPADI, NR WESTT N HOTEL, NORTH KOREGAON PARK, MAIN ROAD, PUNE - 411|
This is only an example from one Citibank Pune’s branches. Which means that if you’re sending money to a bank with a different address, you’ll need to check with your recipient to make sure your IFSC code and other details are correct. There are a list of branches online here for Citibank customers where you can find the correct IFSC code.
Here is an example of what an Andhra Bank IFSC code looks like:
|IFSC Code Andhra Bank|
|Branch name||S R NAGAR|
|Address||CH SESHAGIRI RAO - 040-2370279|
Andhra Bank has many branches all over. This is only one example from their branches. So if you’re sending money to a bank with a different address, check with your recipient first before you send your money to make sure your IFSC code and other details are correct. If you know the branch name or or address, you may be able to find your IFSC code from an online tool like this one here.
Here is an example of what a Punjab National Bank IFSC code looks like:
|IFSC Code Punjab National Bank|
|Address||5,FEROZEPUR ROAD ,LUDHIANA|
This chart is only one example of a specific branch for Punjab National Bank. Which means you’ll want to check, before transferring any money, that your recipient information is correct. If you know the branch address, you may be able to find the correct IFSC code by using an online code finder like this one here.
Here is an example of what an Axis Bank IFSC code looks like:
|IFSC Code Axis Bank|
|Branch name||New Delhi|
|Address||STATESMAN HOUSE, 148, BARAKHAMBA ROAD|
This IFSC code is just an example for one branch of Axis Bank, and before making any money transfers, you should consult with your bank to ensure you have the correct IFSC code for the recipient. If the IFSC code you use is incorrect, it’s possible your money may never reach its recipient. To get the right one, check with your recipient or use an online tool, like this one.
Here is an example of what a Canara Bank IFSC code looks like:
|IFSC Code Canara Bank|
|Branch name||DELHI MADIPUR|
|Address||CANARA BANK WZ 663 MADIPUR DELHI DELHI DELHI 110063|
The IFSC code you see in the table is just an example for one branch in Canara Bank. Which means, if you’re looking for the correct IFSC code for your remittance, you’ll need to check with the recipient or recipient bank. If you know the address of the bank where your money is going, you can use an online tool to find your IFSC code like this one here.
Here is an example of what a Bank of Baroda IFSC code looks like:
|IFSC Code Bank of Baroda|
|Branch name||CBB BARODA BRANCH|
|Address||CFS Branch 1st Floor Bank of Baroda Bldg Opp Petrol Pump R C Dutt Road Alkapuri Baroda 390007|
Before you use this as your IFSC code for the Bank of Baroda, be aware that this is just one example of an IFSC code for just one branch. Before making any money transfers, consult with your bank to ensure you have the correct IFSC code for the recipient. Otherwise, if you know the address or the branch name where the recipient bank is located, you may be able to find the IFSC code online using a tool like this one.
Here is an example of what a Bank of India IFSC code looks like:
|IFSC Code Bank of India|
|Branch name||NEW DELHI NRI|
|Address||P.T.I.BUILDING4, SANSAD MARG, NEW DELHI,|
Bank of India has thousands of branches, which also means it has thousands of IFSC codes. This is just one code for one branch. Which means, before making your money transfer, you’ll need to consult with your bank to ensure you have the correct IFSC code for the recipient. However, if you know the name of the branch or even the address, you may be able to find the IFSC code online by using a tool like this one here.
With this information in hand, India’s electronic money transfer system should seem a lot less daunting. Hopefully, you can now get your money where it needs to go!
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Wise Payments Limited or its affiliates. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.
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