What is IFSC ?
IFSC stands for Indian Financial System Code .
The Payment System Applications such as RTGS, NEFT and Centralised Funds CFMS developed by the Reserve Bank of India use these codes.
The IFSC code consists of 11 Characters : (e.g SYNB0005320)
First 4 characters represent the entity (SYNB0005320 )
Fifth position has been defaulted with a '0' (Zero) for future use (SYNB0005320)
Last 6 character denotes the branch identity (SYNB0005320 )
