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.

You May Also Like

ExemptionLast Updated: December 12, 2025

Meaning & Definition Exemption refers to an income or amount that is not subject to tax. Certain incomes,…

UPI Data EncryptionLast Updated: November 14, 2025

Meaning UPI Data Encryption is a security process that protects sensitive transaction data by converting it into unreadable…

KYC Registration Agency (KRA)Last Updated: December 29, 2025

Meaning & Definition A KYC Registration Agency collects, verifies, and stores KYC information of investors in a central…

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…