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The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
In December 2015 the first International Financial Services Centre (IFSC) in India was set up in Gujarat International Finance Tec-City (GIFT City). [5] In 2019 the Government of India enacted an Act of Parliament called the International Financial Services Centres Authority Act, 2019. [6] [7] [5]
Core Banking enabled banks and branches are assigned an Indian Financial System Code (IFSC) for RTGS and NEFT purposes. This is an eleven digit alphanumeric code and unique to each bank branch. The first four letters indicate the identity of the bank and remaining seven numerals indicate a single branch.
For a list of Swiss bank codes, see Bank clearing number. Ukraine has 6 digit bank codes. Account number does not include bank code. List of bank codes is available at the site of the National Bank of Ukraine. [2] The UK has a 6-digit sort code. For prefixes identifying UK banking companies, see the list of sort codes of the United Kingdom.
IFSC may refer to: Indian Financial System Code; International Federation of Sport Climbing; International Financial Services Centre (disambiguation), several financial areas; International Financial Services Centre, GIFT City Financial Centre in India
The sort code is usually formatted as three pairs of numbers, for example 12-34-56. It identifies both the bank (in the first digit or the first two digits) and the branch where the account is held. [1] Sort codes are encoded into International Bank Account Numbers (IBANs) but are not encoded into Business Identifier Codes (BICs).
The GIFT International Financial Services Centre (GIFT IFSC) is a financial centre and special economic zone in Gujarat International Finance Tec-City (GIFT City) covering 106 ha (261 acres) established in April 2015 as a financial hub to provide world-class infrastructure and services for financial institutions and companies operating in areas such as banking, insurance, capital markets, and ...