IFSC (Indian Financial System Code) is an 11-character code that uniquely identifies a bank branch in India. It's used for electronic funds transfers and is essential for NEFT, RTGS, and IMPS transactions.
Format: AAAABCCXXX
Example: AIRP0000001 (airtel payment bank ifsc code)
The IFSC (Indian Financial System Code) uniquely identifies bank branches for electronic payments in India, ensuring secure transactions.
MICR (Magnetic Ink Character Recognition) code is a 9-digit code that uniquely identifies a bank branch in India. It's primarily used for processing cheques and other documents.
Format: CCCBBBSSS
Example: 248026002 (union bank micr code ,Branch-Dehradun)
MICR codes are printed on cheques using special magnetic ink, allowing for quick and accurate processing of financial documents.