In the world of online banking and money transfers, there are many alphanumeric codes that play a part in making sure money reaches its correct destination. One of these is the Indian Financial System Code (IFSC), used when sending money to India.

Here’s a simple guide on what an IFSC code is and where to find it.

What is an IFSC Code?

An IFSC code is a unique 11-character code assigned to each bank branch in India. It serves as an identification code for banks and their branches for both sending and receiving funds electronically. You can think of it as a digital address that ensures your money reaches the intended destination accurately and securely.

An IFSC code itself can be broken down into:

• First four characters represent the bank’s name abbreviation
• The fifth character is always ‘0’ (zero)
• The final six characters represent the specific branch of the bank

For example, in the IFSC code “SBIN0001245”, “SBIN” stands for State Bank of India, “0” is a reserved digit, and “001245” identifies the specific branch.

Where can you find an IFSC?

1. OrbitRemit app: When you add a new INR recipient in your OrbitRemit account, the app will direct you to an IFSC code finder.
2. Reserve bank of India (RBI) website: search for the IFSC code using the bank’s name and branch details on the RBI website. You can also call the bank and ask, or find it on one of your recipient’s bank statements.
3. Bank’s website: Look for the branch locator tool on the bank’s official website.
4. Online banking: Find it while doing online transactions through internet banking.
5. Mobile banking apps: Access it through your Indian bank’s mobile banking app.
6. Cheque book: A cheque book from an Indian bank will have the IFSC code at the top of the sheet, near the bank’s name and account number.

Why does knowing your IFSC code matter?

Having the IFSC code handy is key for smooth online transactions. It helps to ensure your money reaches the right destination without errors or delays. Luckily, when you send with OrbitRemit, you’ll only have to find the IFSC code for each recipient one time! After a recipient is set up, their details are saved for ease of future transactions.

Why should I use OrbitRemit to send money to India?

OrbitRemit offers a convenient and reliable way to send money to India and other countries. To get started, simply enter your send and receive values in the currency calculator to find out the current exchange rate and exactly what your transfer will cost.

With competitive exchange rates, low fixed fees and speedy transfers, OrbitRemit offers the ideal solution for online money transfers. Not only will your money and personal details be safe and secure, our exceptional customer service team is always available with dedicated support at every step of the transfer process.

Start sending money to India today by downloading the OrbitRemit app or visiting our website.