IFSC Locator

Indian Financial System Code (IFSC).

It is used for electronic payment applications like

• Real Time Gross Settlement (RTGS)
• National Electronic Funds Transfer (NEFT)
• Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS)
• Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI).

Code has eleven characters “Alpha Numeric” in nature. First four characters represent bank, fifth character is default “0” left for future use and last six characters represent branch.

Magnetic Ink Character Recognition (MICR).

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

Needless to say, you can not stop at knowing how to discover the very best essay writing support for paper writer website your college’s requirements.