How do i know my ifsc code

ET India Inc. ET Engage. ET Secure IT. Tax How to file ITR. Tax Saving. ITR Forms. Income Tax Refund. Tax Exemption Limit. Income Tax Slabs. Insure Life Insurance. Health Insurance. Motor Insurance. Other Risk Covers. Personal Finance News. Mutual Funds. Branch of Bank within District Select Branch. MICR code is used by banks to verify cheques for clearance and other bank documents.

A MICR code includes details such as the bank code, account details, amount, and cheque number, alongside a control indicator. It includes details such as the bank code, account details, amount, and cheque number, alongside a control indicator.

The first 3 digits of the MICR code signify the city, the next 3 digits stand for the bank and the last 3 digits represent the code of the branch. Some features of IFSC are listed as follows:. The first three digits define the city code, next three represent the bank code and last three digits are the code of your bank branch.

A special machine is used to read these charatcers and can also be read by humans. MICR Code helps in identifying the authenticity of cheques and making cheque processing simpler and faster.

These 3 fund transfer techniques can be used through net banking or mobile banking. Under NEFT, the fund transfer time can range between hours. The key benefits of NEFT are there is no limit on minimum and maximum amount transaction and is offered by all banks in India. There are charges on NEFT fund transfer which vary from bank to bank. The charges are in the range of Rs. It allows transfer of money on real time basis within 1 hour.

As per RBI, there is a minimum transaction limit of Rs. This facility is available on RTGS enabled bank branches. A charge of up to Rs. IMPS fund transfer is secure and uses two- step verification process to perform transactions. There is no minimum limit on fund transfer but maximum limit is different for different banks.

This facility is available when customer has a mobile banking or internet banking facility. A free online bank account is offered by most banks, credit unions, savings, and loans and other financial institutions to their customers as well as many other valuable banking services.

There are many excellent benefits a free online checking account will provide you with. Internet banking customers can now do their banking business 24 hours per day 7 days per week from anywhere in the world.

Since the inception of the Internet the way we conduct our business has changed immeasurably. The banking community has realized with the introduction of Internet banking also known as Online banking they can save money while providing their customers with greater access to banking services.

In order to receive a free online bank account, it usually takes approximately 30 min. You can access your account as often as you like. All in all, you will find online banking to be both convenient and time saving. For example, with a free online bank account you can balance your account electronically, transfer funds between eligible accounts, make payments to your credit card, receive cash advances from your credit card, re-order checks, pay your bills online, review current and past bank statements and request customer service online.

Whether opening a savings account or a current account, this rule will apply to all. Calculate Recurring Deposit Maturity Amount. The bank issues different CIF numbers to its customers. In which all your details are present such as your name, your father's name, your mother's name, your address, your date of birth, and your personal details are also present.