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Find Allahabad Bank IFSC & MICR Code

Allahabad Bank IFSC Code

The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.

The Allahabad Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'ALLA', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.

How to Search for Allahabad Bank IFSC Codes?

If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Allahabad Bank branch. If you are looking for online IFSC Code of Allahabad Bank you can find here in Goodreturns.

State Wise Allahabad Bank IFSC & MICR Code

About Allahabad Bank

What is the procedure to locate the IFSC and MICR Code of Allahabad Bank?

The IFSC codes are very easy to access until you remember the name of the bank and branch.

IFSC codes and MICR codes can be identified on chequebooks / leaflets issued by Allahabad Bank or on the bank's website. On the official website of Reserve Bank of India you can also find a complete list of IFSC codes for all the banks in India. But apart from these the full list of IFSC codes for Allahabad Bank branches in India, as well as other banks and their branches can be found at third party financial websites such as Goodreturns.in 

  • Goodreturns website allows you to easily find the IFSC and MICR code of your bank branch depending on your location. No matter where you are, whether you are in office or workplace, you can conveniently search the IFSC and MICR code of all banks their branches in India without compromising your comfort on a 24x7 basis at Goodreturns website.
  • Visit Goodreturns.in and under the drop-down list of ‘Banking’ select IFSC Code
  • Now under the IFSC Code page you need to select the name of your bank
  • Now on the next page you need to select your state, city and branch in order to find the IFSC and MICR code. Once you fill-up all the required details you need to hit the ‘Find Bank’ option in order to find the IFSC and MICR code of your bank branch.
  • Not only will the generated list provide you with the IFSC code, but also the MICR code, phone number, branch address, name, branch code, etc. To get the IFSC code, you can also opt to search through the list of banks that are listed on the same page and locate the bank manually.    

Importance of Allahabad Bank IFSC Code For Using The Bank’s NEFT & RTGS Fund Transfer Methods

It is convenient , fast, and secure to use NEFT or RTGS services at Allahabad Bank to make online transactions. 

National Electronic Funds Transfer (NEFT)

All Allahabad Bank customers can use the NEFT facility to render fund transfers from one bank to another. You can select from over 3,000 branches of Allahabad Bank that are allowed to make your transactions with NEFT services. For the full list of branches that are NEFT compatible, you can visit the official website of the bank. Practically, focused on Deferred Net Settlements, NEFT (National Electronic Funds Transfers) operates. If you have reimbursed the balance within the time-frame defined by the bank, the payee will be credited on the same day. If not, on the next working day, the balance will be credited. On weekdays, Allahabad Bank carries out eleven RBI settlements during the day. It takes place between 9.00 AM and 7.00 PM. Settlements are conducted between 9.00AM and 1.00 PM on Saturdays. To use the NEFT service at Allahabad Bank, you will need the below listed specifics.

  • Name of the beneficiary
  • Details ot the bank details i.e. name of the bank and branch location of the beneficiary
  • Account number of the beneficiary
  • IFSC code of the bank branch of beneficiary
  • Amount that you are willing to transfer

Applicable charges on NEFT transactions at Allahabad Bank are as follows:

  • Rs. 2 lakh to Rs.5 lakh- Rs. 25/- per transaction
  • Rs. 5 lakh and above- Rs. 50/- per transaction   

Real Time Gross Settlement System (RTGS)

Unlike NEFT, the Real Time Gross Settlement System (RTGS) includes completing transactions on an individual transaction basis, which ensures that the confirmation of funds is specifically scheduled but not batch-wise. RTGS might be the best choice if you are searching for the fastest way to transfer money. It is not only one of the shortest forms of transfer of funds, but it really is one of the easiest and secured. Allahabad Bank guarantees that all transfers are made on the same day that the fund is debited by the customer, unless this has been achieved after the time frame specified. You can benefit from over 2700 branches of Allahabad Bank that are able to make transactions with RTGS services. For the full list of branches that are RTGS allowed, you can check the official site of the bank respectively. This facility is open to you as long as the branch you are transferring money to is RTGS allowed. To use the RTGS facility at Allahabad Bank, you will need the following details:

  • Name of the beneficiary as per his / her bank details
  • Name of the bank branch of the beneficiary
  • IFSC Code of the bank branch of the receiver
  • Amount you need to transfer to the beneficiary
  • Bank account number of the beneficiary

Charges required for the use of the RTGS service (for outward transactions) at Allahabad Bank are as follows:

  • Rs. 2 lakh to Rs.5 lakh- Rs. 25/- per transaction
  • Rs. 5 lakh and above- Rs. 50/- per transaction   

Ways to find Allahabad Bank IFSC Code

IFSC was established in an error-free way by the RBI for transferring funds between banks. IFSC acknowledges the branches active in the transfer of funds and thereby hits the correct destination for the funds. The IFSC helps out the transfer of funds in a smooth and hassle-free way and has thus become an essential part of India's fund transfer framework. In addition, to transfer the funds to the appropriate bank, it is mandatory to enter the proper IFSC, whether it is an online or offline transfer. It has emerged possible to transfer money in a secure and easy way with the aid of the IFSC. Internet banking has become a convenient forum for the transfer of funds with the introduction of the IFSC. Below covered are some ways following which you can locate the IFSC Code of your specific bank branch.

Through passbook- A passbook is a bank-assigned document that summarises all of an account holder's transactional activities. The IFSC of the account holder's bank branch is specified on the front page of the passbook.

Through cheque book- A booklet containing cheques given to consumers by their banks is a cheque booklet. On the top of a cheque leaf, one can inspect the IFSC.

Mobile Banking or Net Banking facilities of the bank- In order to get the appropriate IFSC, one must login to Allahabad Bank Netbanking Portal or Allahabad Bank Mobile Banking.

Key takeaways of NEFT, RTGS and IMPS

It has become possible to transfer funds in a safe and easy way with the aid of the IFSC. Internet banking has become a safe forum for the transfer of funds with the introduction of the IFSC. Let us get to the different fund transfer methods that use IFSC for their role in depth.

NEFT

  • NEFT is an electronic transfer system introduced by RBI in order to initiate fund transfer to other banks or bank branches.
  • In the case of NEFT, settlement occurs in batches.
  • With the exception of RTGS, the transfer of funds through NEFT does not take place in real time, but rather occurs on a deferred net settlement (DNS) process.
  • NEFT can be executed in both online and offline methods.

RTGS

  • RTGS is an electronic money transfer mechanism initiated by the RBI on a real time basis. 
  • Transfer of the fund operates on a gross basis despite netting
  • RTGS is not accessible during the year, but typically there is a fixed operational time between 7 am and 6 pm on business days.
  • By visiting the bank branch as well as via online modes, RTGS fund transfer service can be conducted or used

IMPS

  • The National Payments Corporation of India (NPCI) operates IMPS as an instant fund transfer framework.
  • IMPS is operational throughout the year, including the bank holidays also. 
  • IMPS handles real-time transfer of funds through different modes, such as phones, ATMs, SMS, online banking, etc.      

Allahabad Bank MICR Code

The Magnetic Ink Character Recognition Code (MICR) of Allahabad Bank is a 9-figure code which can be at the bottom of a cheque on the MICR section that allows processing cheques in a faster way. This MICR code is executed with magnetic ink on a cheque so that when verified by a magnetic scanner, any form of theft or failure may be identified. 

Structure of Allahabad Bank MICR Code

  • MICR Code of Imphal, Manipur- 795010002 
  • MICR Code of Adyar, Chennai- 600010007 

On the above-mentioned instances, the MICR is categorised into 3 segments

  • The first 3 digits represent the city 
  • The middle 3 digits represent the bank
  • The last 3 digits represent the specific branch of the bank

By following the below-covered ways, one can find the MICR Code of his or her specific bank branch.

Allahabad Bank Passbook- A passbook is a bank-assigned record that summarises all of an account holder's transactional activities. The MICR Code of the account holder's bank branch is stated on the front page of a passbook.

Allahabad Bank Cheque Book- A cheque book is a booklet provided by their respective banks to their customers. On the bottom of a cheque sheet, one can find the MICR Code of his or her particular branch.

Mobile Banking and Net Banking- To get the appropriate MICR Code, one must log in to Allahabad Bank Net banking Portal or Allahabad Bank Mobile Banking. 

Allahabad Bank NEFT Form

One of the country's NEFT (National Electronic Funds Transfer) allowed banks is Allahabad Bank. Using IMPS, RTGS & NEFT, the bank serves its customers with the service to transfer funds. You can download the Allahabad Bank NEFT Form online or visit the nearest bank branch if you want to use NEFT. 

Procedure to fill Allahabad Bank NEFT form

By filling out the NEFT form in two ways, Allahabad Bank account holders can use the NEFT facility.

Online

If a customer needs to transfer money via Allahabad Bank Net banking or mobile banking service, he / she must specify the below listed details:

  • Name, Account number and Account type of the recipient
  • IFSC code of the recipient’s bank branch
  • Amount you are willing to transfer to the recipient

Offline

If a customer prefers to use the NEFT facility by visiting the branch, it is essential to fill out the Allahabad Bank NEFT Form with the following details:

  • Name, Account number and Account type of the recipient
  • IFSC code of the recipient’s bank branch
  • Name and account number of the remitter
  • Amount to be transferred
  • IFSC Code of the remitter

Key pros of Allahabad Bank NEFT facility

  • Accessible both online and offline medium, the nearest Allahabad Bank branch can be visited by individuals who want to make cash remittances
  • The remitter is not required to send the physical cheque or demand draft to the recipient
  • Cost-effective
  • Confirmation for money transfers sent via SMS or email sent both to the sender and beneficiary

 Allahabad Bank NEFT Limit

Account holders can transfer up to Rs. 2 lakh per transaction and Rs. 5 lakh per day via NEFT. Allahabad Bank NEFT limit for business customers is Rs. 2 lakh per transaction and Rs. 10 lakh per day.

 Allahabad Bank NEFT Charges

  • For up to Rs 1000: Rs.2.50(offline at branch) and NIL (for net banking or mobile banking)
  • From 1001/- to 10000: Rs.2.50(offline at branch) and Rs.2.00 (for net banking or mobile banking)
  • From 10001/- to 100000: Rs.5.00 (offline at branch) and Rs.4.00 (for net banking or mobile banking)
  • From 100001/- to 200000: Rs.15.00 (offline at branch) and Rs.12.00 (for net banking or mobile banking)
  • Above 200000: Rs.25.00 (offline at branch) and Rs.22.00 (for net banking or mobile banking)

Allahabad Bank NEFT Form Download

By clicking the link below, customers can download the Allahabad Bank NEFT Form: 

Allahabad Bank NEFT Form 

Procedure to add interbank beneficiary in Allahabad Bank

Inter Bank does not indicate within the same bank. Inter Bank Transfer specifies that an individual (remitter) with a bank account 'A' transfers money to another person (payee/recipient) with a bank account 'B.' Inter Bank Transfer is a specialized service that helps you to transfer money to a bank account through any other bank in India from your bank account. Inter Bank Transfer facilitates a digital transfer of money from the remitter's bank account to the recipient's account operated at any other bank. In order to transfer the money, the person to which the funds are to be transferred or the payment is to be made has to be added as a 'beneficiary' and his/her bank account information should be specified. You are required to add an inter-bank 'beneficiary' to your account whenever you want to transfer payment from your Allahabad Bank Bank account to another bank account other than Allahabad Bank Bank. You can transfer the amount from your account to his/her account after adding the inter-bank 'beneficiary'. You must have the online banking service in your account enabled for this function. It is extremely quick and convenient to add an inter-bank 'beneficiary' to your account. In case you want to add a payee to your account with Allahabad Branch Bank, you need to follow the step-by-step procedure listed below:     

Steps to add inter-bank beneficiary in Allahabad Bank

  • Visit the official site of Allahabad Bank and sign in to your net banking account using the required credentials.
  • Now search for "Payments & Transfers" tab and under this section select "Manage Beneficiary" option
  • Now select the Inter Bank (where beneficiary's account is in other than Allahabad Bank Bank) option and click on ‘Add Payee’
  • Now fill the required details of the beneficiary i.e. name, account number, bank branch name, IFSC code and transfer limit.
  • Now accept the terms and conditions and then click on the "Confirm" or "Continue" option.

Allahabad Bank RTGS Form

Almost all of India's private and public sector banks facilitate RTGS transactions. RTGS and NEFT transactions have been increasingly emphasized by the country's central bank, the Reserve Bank of India, in order to improve banking services. At all of its branches, Allahabad Bank also has the RTGS fund transfer service. To keep the process the same and simple, the bank has a widely format Allahabad Bank RTGS form throughout its branches. A high-end money transfer method is Real Time Gross Settlement or RTGS; users who wish to transfer more than Rs 2 lakhs in a single transaction can choose for this form of electronic money transfer; there is no maximum limit on amount to transfer. Both in English and Hindi, the Allahabad Bank RTGS form is open. To make the procedure much simpler for the payers, the local branches can even have a form in the regional language. RTGS is regulated by the Reserve Bank of India and, thus, the transfer can not be reversed once it has been credited in the bank account of the recipient. According to the RBI guidelines, the balance must be deposited by the sender 's bank into the recipient's bank account within 30 minutes. The amount must be repaid within 2 hours in the event that the transaction is ineffective.    

Points to consider while filling Allahabad Bank RTGS Form

 As both online and offline RTGS transactions are allowed by Allahabad Bank, the Allahabad Bank RTGS form is accessible both on the official portal of the bank and at the branch. The sender must add the receiver to the RTGS transfer mode for online transactions; this can only be accomplished by signing in to net banking. Though Allahabad Bank's non-banking customers can carry out RTGS transactions at the bank branch, online RTGS transactions are accessible only to account holders of the bank. For RTGS transactions conducted at the branch, there is a nominal fee; online RTGS transfers are cost-free. Only banks which have enrolled in this online format of money transfer can accept RTGS payments. It is important to grasp the following terms and conditions to fulfil the Allahabad Bank RTGS form.

  • To carry out the RTGS transaction, the sender's bank account must have ample funds in his or her bank account.
  • The required specifics in the form must be filled correctly. The bank will not be responsible if the transfer is made in an incorrect account due to incorrect specified details of the beneficiary.  

How to fill Allahabad Bank RTGS Form?

The applicant must fill in the Allahabad Bank RTGS form with the following details in order to initiate fund transfer using RTGS offline:

Payment details: The details of the amount to be paid comes with this section and here you need to enter:

  • Amount to be remitted
  • Cheque number if any
  • Your bank account details 

Details of the payer: In this section, you will have to enter your details such as:

  • Name 
  • Contact number
  • Bank branch name and signature

Details of the recipient: In this section you will have to specify all the required details of the beneficiary carefully and correctly. 

  • Name 
  • Branch address
  • Bank name
  • Bank account number
  • Bank IFSC code
  • Contact details i.e. mobile number and email id
  • Account type (savings/ current)

How to generate MMID of Allahabad Bank?

Mobile Money Identifier, also shortened as MMID, is a 7-digit unique number used for the MMID mechanism for interbank transactions across mobile banking. An MMID will be open to each account holder and this will facilitate in defining a specific bank account. For all banking transactions, primarily the transfer of funds, this code must be linked to registered mobile number with the bank of the customer. Read about IMPS (Immediate Payment Systems) activation at Allahabad Bank in just a few quick steps here. Nationalized public sector Allahabad Bank allows its customers to make fund transfers and online transactions using their mobile using NPCI services i.e. IMPS. Customers can also transfer the cash instantly via their mobile, where transaction is immediate. NPCI has set a cap for transfers using mobile number or IFSC, account number or Aadhaar. MMID must be generated by every users of mobile banking services. All Allahabad Bank CBS customers with a mobile number identified with the bank can receive their MMID by sending SMS. 

Just type and send it to the mobile number 9248085700.

Alternatively, by selecting IMPS -> Generate MMID, mobile banking customers can receive their MMID via a mobile application.

Allahabad Bank Working Hours

Allahabad Bank is among India's most trusted banks. Allahabad Bank Timings must be recognized by customers who want to visit the bank. Allahabad Bank resumed its usual operating hours for customers in August. The bank now runs from Monday to Saturday (except Saturday 2nd and 4th) from 10:00 AM to 4:00 PM. Apart from, all of the previously restricted non-essential facilities have been reinstated. Additional preventative steps at the bank are being taken—

  • Without a face mask, customers would not be allowed to visit inside the bank.
  • Before and after visiting the bank, customers can thoroughly sanitise their hands.
  • For the sake of social distancing, adequate queues must be maintained inside and outside the bank.
  • Security officials must ensure that every customer has done an adequate temperature check.
  • If it is strictly required, all account holders are advised not to enter the bank premises. To make use of much of the banking facilities, Allahabad Bank Net-banking and Mobile Banking should be considered by the customers of the bank.

Allahabad bank current NEFT and RTGS timings

Every day except 2nd & 4th Saturdays, NEFT transactions from the branch office are conducted between 8:00 AM to 7:00 PM. Service charges related to the transfer of funds via NEFT facilitated online also were temporarily excluded. RTGS transactions are conducted every day except 2nd & 4th Saturdays at Allahabad Bank branch offices from 8:00 AM to 4:30 PM. As instructed by the RBI, the service charges applicable to the online facilitated transfer of funds through RTGS have been revoked. To perform RTGS transactions for free, customers can use net banking or else mobile banking channels of the bank. 

Allahabad Bank opening time

The Allahabad Bank opens every day on weekdays at 10 AM. The bank will only run on the first, third and fifth Saturdays of the month and will have the same opening hours as the regular weekdays. Even on Saturdays, the bank does not operate and is closed on Sundays.

Allahabad bank lunch timing

An official lunch schedule for the workers is not pursued by Allahabad Bank. The workers, however, begin their lunch break about 1 pm and take it on a rotational basis so that the bank's operation is not disrupted. Timings for lunch can differ across branches of the bank.

Allahabad bank closing time

At 4 PM every day the Allahabad Bank shuts down its banking services. Even on working days, the bank shuts at the same time. At any time between their working hours, customers can visit the bank and can trust the bank to have a seamless service. Timings can differ across the bank's branches.

Allahabad bank locker timings

The lockers of the Allahabad Bank work on the same schedule as their banking hours. The bank has not scheduled aside any particular period for their lockers to run. During banking hours, customers who want to use the lockers can visit their nearest branch at any time.

How to activate IMPS in Allahabad Bank?

Nationalized public sector Allahabad Bank allows customers to use NPCI services to make transactions and payments from their mobile devices, i.e. With IMPS. Customers can also transfer the money immediately via their smartphone, where payment is instantaneous. NPCI has set a cap for the transfer of money through account number or Aadhaar with mobile or IFSC. 

  • The customer has to visit their local branch of Allahabad Bank and submit an application form in order to activate mobile banking.
  • The user can obtain the password, mPIN and tPIN of the mobile banking application instantly or later, after the mobile banking service has been successfully activated.
  • Allahabad Mobile Application can also be accessed by the customer by visiting https://allmobile.allahabadbank.in/MPAYPORTAL/

How to generate MMID of Allahabad Bank?

Users of each mobile banking application need to generate MMID. By sending SMS

Alternatively, by selecting IMPS -> Generate MMID, mobile banking customers can obtain their MMID from a mobile application.

By sending SMS

How to send funds through Allahabad Bank mobile banking application?

Using the Allahabad mobile banking application you can send funds to the beneficiary under the menu section. For more details follow the below-listed steps:

  • Navigate to the IMPS section and click on ‘Funds Transfer’
  • Now enter the mobile number of the payee, Payee MMID, amount you need to transfer.
  • Now tap on ‘Confirm’ and enter your MPIN to initiate the transaction.
  • Steps to receive funds through Allahabad Bank Mobile App using IMPS
  • First of all, register your mobile number with your Allahabad Bank account and get MMID from the Bank branch to use the mobile banking services.
  • Now share your mobile number and MMID with the sender and ask him or her to send money using your mobile number.
  • Once the transaction is successfully completed the sender as well as you will get a confirmation message for the same.

Allahabad bank credit card bill payment via NEFT

Allahabad Bank is among India's highly successful public sector banks. Allahabad Bank aims to fulfil all the banking needs of its customers and provides a variety of services. Credit cards, which are among the best credit cards available in the banking industry, are one such product provided by Allahabad Bank. Allahabad Bank has concentrated on listening to its customers' wishes in order to develop the credit cards according to its customers' financial specifications, whether it be travelling, shopping, movies, dinings, and so on.Allahabad bank's credit cards give its customers incentives and benefits, such as cash back, discounts, and so forth. Customers with a credit card of Allahabad bank receive loyalty points for every transaction, which can later be redeemed for deals and offers. Now let us take a peek at the payment mechanism for Allahabad credit card bills.

The payment period of the Allahabad credit card creates a credit card statement that notes the amount payable by the issuer of the credit card. With the digital development in the banking sector, customers now tend to use the online methods for payment of credit card bills. The Bank has adopted different strategies for the payment of Allahabad credit card bills. If you have an account with Allahabad Bank or if you have a savings account at any other bank, you can pay your credit card bill via NEFT. Prior to making some NEFT payments for credit card bills, registering your credit card as a beneficiary is necessary. Follow the steps below in order to pay your Allahabad bank credit card bills via NEFT.    

  • Sign in to your net banking account using username and password
  • Head to the credit card section and click on the ‘Pay’ option
  • Now select 'NEFT' option and enter the bill amount
  • Click on ‘Pay’ and you are done.

How to add inter bank beneficiary in the bank account of Allahabad bank?

Inter Bank does not mean across the same bank. Inter Bank Transfer specifies that an individual (remitter) with a bank account 'A' transfers money to another person (payee/recipient) with a bank account 'B.' Inter Bank Transfer is a specialized service that helps you to transfer money into a bank account with any other bank in India from your bank account. Inter Bank Transfer facilitates an online transfer of money from the remitter's bank account to the recipient's account operated at any other bank. In order to transfer the money, the individual to which the funds are to be transferred or the payment is to be rendered has to be added as a 'beneficiary' and his/her bank account information should be mentioned. You are required to add an inter-bank 'beneficiary' to your account if you want to transfer payment from your Allahabad Bank Bank account to another bank account other than Allahabad Bank Bank. You can transfer the amount from your account to his/her account after adding the inter-bank 'beneficiary'. You must have the online banking service in your account enabled for this reason.  

  • Visit the official website of Allahabad Bank and sign in to your net banking account using User ID and Password.
  • Now under the menu tab, click on "Payments & Transfers" tab.
  • Under the "Payments & Transfers" menu, select "Manage Beneficiary" option.
  • Now select Inter-Bank if the beneficiary’s account is in another bank and not in Allahabad bank.
  • Now click on the "Add Payee" option and enter the required details of the beneficiary i.e. Name, account number, Bank Name, branch name, IFSC Code and amount that you want to transfer.
  • Now accept the Terms and Conditions 
  • Once you are done with the above-listed steps, a one time password will be sent to your mobile number that is registered with the bank.
  • Authenticate the OTP and click on ‘Confirm’
  • The recipient will be added and a message will be sent on your registered mobile number or email id that you have added a beneficiary successfully.
  • In a few minutes/ hours, the added beneficiary will be triggered.
  • Once the beneficiary is triggered, you can transfer funds to the beneficiary's account via NEFT or RTGS.

Where IFSC Code is used?

The branches of Allahabad Bank are also classified with the unique IFSC code, much like every other bank. Normally, Allahabad Bank's IFSC code begins with ALLA, followed by 7 numbers. Thus, the IFSC code format for Allahabad Bank is ALLA0123456 for instance. An IFSC code is an unique code that reflects the bank's branch throughout India. It calls for Indian Financial System Code. An IFSC code is an unique code that reflects the bank's branch throughout India.  It calls for Code of the Indian Financial System. It has 11 characters and is a blend of English alphabets and numbers. The name of the bank is generally depicted in the English alphabet. ABCD1234567 is the standard IFSC code format. The first four letters reflect the bank and then the following numbers reflect the branch and generally known as branch code. The IFSC code issued by the Reserve Bank of India is used for many banking applications, particularly for online and offline money transfers. Every bank engaged in Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT) and Central Fund Management System (CFMS) the code is used to define each bank and its respective branch.    

Importance of IFSC Code

All need to make sure that his or her funds hit the targeted bank without any trouble while making a transaction. If money is transferred to the wrong account, since the transaction can not be reversed immediately, it creates a lot of complications and needless annoyance. If such a scenario occurred, before getting your money back, you will need to be in contact with your bank to explain precisely what happened and wait for a certain time frame. You will get it back finally, but only after wasting the time. Without even understanding it, one can transfer funds to a poor bank/branch. We accept that a mistake is a human flaw, but a simple mistake may be a major annoyance for you. If you incorrectly provide inaccurate account details or the bank is to be responsible, it is easy to make a wrong transaction for someone. Through sending or forwarding messages to the particular branches of each particular bank, IFSC supports in conducting fund transfer transactions electronically. In comparison, IFSC is used to identify all the branches active in a transfer process by fund transfer mechanisms. Obviously, to some degree, the smooth running of both NEFT and RTGS is dependent on IFSC. On the first page of your passbook as well as the cheque book, you can find your branch's IFSC code. On the official website of the Reserve Bank of India, you can find the IFSC code list of all bank branches.   

 

 

 

 

 

 

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