IFSC code (short for Indian Financial System Code) is a unique 11-digit alphanumeric system used to identify various bank branches that operate within the country, specifically all the branches that operate and participate in various electronic and digital transactions that take place around the country, pertaining to that specific bank branch. The IFSC code identifies and keeps track of all bank transactions. It is appointed to every single
bank branch by the RBI.
Which digit is zero in IFSC code?
Every IFSC code represents the bank and its pertaining branch by an 11-digit alphanumeric code. The first four characters are alphabets representing the bank name, followed by a 0. The last six digits represent the bank branch.
This zero is reserved for future use.
FAQs
How many digits does an IFSC code have?
An IFSC code is 11 characters long, with the first four characters representing the bank name, the last six characters representing the branch, and the fifth character being zero.
Does every IFSC code have its fifth digit as zero?
Every valid IFSC code should have zero as its fifth digit.
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