IFSC CODE AND MICR CODE OF INDIAN BANK
Friday, August 13, 2010
Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT) and Centralised Funds Management System (CFMS) developed byReserve Bank of India (RBI). Code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
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YOU CAN CHECK ANY IFSC CODE AND MICR CODE BY VISIT THE SITE http://bankifsccode.com/ ,http://www.ifsc.in/
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