Every information which passes from one bank to another is very confidential & sensitive. There is a need to be hide or monetize that information into a respective segment. If the information will not be encoded then any hacker can hack and take out all the information from the bank and bring all the business to the ground.

So, concerning these conditions Reserve Bank of India (RBI) bring an eleven characters code in the presence to overcome such problems. This 11 characters painstakingly designed to monetize and to be unique. This unique code helps us to identify the bank origin and the branch of the bank as it is hard to recognize a particular bank branch in between the millions of bank branches.

In India, there are hundreds of active banking industries and these hundreds of banking sector have numerous branches that’s why there was the need to introduce a code which assists us to recognize both bank branches (Pay User’s bank account and Payee bank account). This unique code is known as IFSC code (Indian Financial System Code) which is curiously crafted to be unique.

All the IFS codes of the bank branch are assigned by RBI (Reserve Bank of India). This IFS code is so confidential so that after assigning IFSC code to the bank then it can’t change at any cost.

ReserveBank of India created a set of rules which RBI has to follow while assigning the IFSC code to the bank. First, the code shout has a unique quality in its own. Second is that the first 4 digits of this 11 character code should represent its origin bank means in which banking industries the code belongs. Third protocol of assigning the code is that the ending part of the code means ending 6 digits of the code must indicate the branch of the code as it is easy to understand the bank and the branch as well just only seeing the code.

IFSC code is used to pay online bills like shopping, groceries, booking, etc. IFS code is essential for transferring money online from one bank account to another bank account. The one can easily find the IFSC code into their passbook as it is embossed on the first printed page of the passbook. The one can also find the IFSC code on the cheque leaf of the chequebook and the easiest way to find IFSC code is online.