Bank IFSC code
Indian Financial System Code(IFSC) is an unique code to identify a physical branch of any Bank in India. This unique 11 digit code is assigned by RBI. This is required to make any transaction that is NEFT, RTGS, CFMS, etc. Any transfer that is made online or system to system transfer which is not done through cheque book should identify source and target bank branches by IFSC code. Format of the code is <4 character Bank code>-0-<6 digit Branch code>. So if for example a code is ABCD0123456 then ABCD uniquely identify the Bank and 123456 is the code for the branch. This number can be found in your cheque book as well. You can search for a code with <4 character Bank code>-0-<6 digit Branch code> in your cheque book to locate the IFSC code of your branch.
How to find your Bank IFSC code. Follow the steps.
Go to the homepage by clicking on the logo
Select your Bank from the dropdown menu
Select your state
Select your District, This step will list down all the branches.
Click on the branch name.
Bank MICR Code
Magnetic Ink Character Recognition(MIRC) is 9 digit uniquely identified number given to any branch. RBI most of the cases used PIN code to assign this number. The format of the 9 digit number is <3 digit city code><3 digit bank code><3 digit branch code>. So RBI uniquely Identified 3 digit city code and 3 digit bank code for each bank as a part of MICR code. This code is required to make payments across branches inside India. You can locate this number in your cheque book. There are four numbers present in cheque book 1) 11 digit IFSC 2) 9 Digit MICR and 3) Account number. And every cheque page contains a Cheque number. By length and format you can differentiate these numbers.