Prity
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What is IFS Code (IFSC)? How it is different from MICR code?
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rohit agarwal
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Dear Prity,
So far as your query is concerned that What is IFS Code (IFSC)? How it is different from MICR code?
Kindly be informed that Indian Financial System Code (IFSC) is an alpha numeric code designed to uniquely identify the bank-branches in India. This is 11 digit code with first 4 characters representing the banks code, the next character reserved as control character (Presently 0 appears in the fifth position) and remaining 6 characters to identify the branch. The MICR code has 9 digits to identify the bank-branch.
Hope you have got the answer/information on your query that What is IFS Code (IFSC)? How it is different from MICR code?
Hope that the above information is useful to you !!!
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