IFSC Code

byPaytm Editorial TeamLast Updated: October 21, 2025

Definition

IFSC stands for Indian Financial System Code.

IFSC Code is a unique alphanumeric code used to identify bank branches in India for electronic fund transfers.

Tip

Always use the correct IFSC for NEFT, RTGS, or IMPS transfers to avoid transaction failure.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Commercial BankLast Updated: September 10, 2025

Definition A Commercial Bank is a financial institution that accepts deposits, provides loans, and offers other banking services…

TPAP (Third Party App Provider)Last Updated: July 11, 2025

Meaning TPAP stands for Third Party App Provider. It refers to non-bank apps that offer UPI services to…

UPI for NRILast Updated: July 16, 2025

Definition UPI for NRI allows Non-Resident Indians (NRIs) to use UPI services using international mobile numbers linked to…

UPI Transaction AlertsLast Updated: October 21, 2025

Meaning UPI Transaction Alerts are instant notifications sent to users whenever money is sent or received. Purpose Alerts…