IFSC Code means Indian Financial System Code. It is used in NEFT and/or RTGS fund transfer transactions to identify the the bank Account's Bank and Branch details in a unified manner.
IFSC code is a 11 character Alpha Numeric Code assigned to each BANK;s branch in India by RBI. This Code will have first 4 Characters as Alphabets which indicates the BANK name and these 4 characters will be assigned by RBI. Remaining 7 characters are usually numeric but can be alphabetic. These IFSC codes are widely used in India to transfer the money through NEFT and RTGS. You can easily find the IFSC Code on your cheque book below the branch details.
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
|---|---|---|---|---|---|---|---|---|---|---|
| BANK CODE [4 CHARACTERS / ALPHABETIC] |
BRANCH CODE [7 CHARACTERS NUMERIC or ALPHABETIC/ALPHANUMERIC] |
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MICR means Magnetic Ink Character Recognition, a technology used to identify the Cheques in clearing system in order to process them faster.
MICR code in specific type phase, specific font size, and also at a fixed place in cheque us printed. MICR code is a 9 digit code that is printed in Magnetic ink by which the respective Bank and branch can be identified by scanning the cheque atthe magnatic printed area, especially in Electronic Clearing System (ECS).
ISD code means unique international subscriber dialing (ISD) code of each contry that are prefixed for telephone subscribers in the Internation Tele Communication Union (ITU).
Country calling codes are prefixes and a component of international telephone numbering plan and becomes mandatory when calling from one country/nation to another contry/nation. These are prefixed before the actual telephone number and usually, start with (+) and followed by country code, followed by the respective telephone number.
| 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|
| ZONE | SUB-ZONE | SORTING DISTRICT | POST OFFICE | ||
.A Postal Index Number in India is usually reffered as PIN Code (PIN)
The PIN code system was introduced on 15th August 1972 by India post for easy sorting as India is such a diverse country having different languages used by the public in its vast and to eliminate confusion or incorrectness of addres / destination. To sort the destination address without any language issues, this PIN Code system was by then the additional secretary to the Union Ministry of Communications, Shriram Bhikaji Velankar.
There are 9 postal zones including the functional zone of Indian army. The first digit of the PIN Code represents its unique postal zone