IFSC Code is needed in?
Online & banking transaction
It is needed in electronic fund transfer namely rtgs n neft which identifies a bank to which moner is tranferred
To identify bank and its branches for electronic fund transfer.
The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely identifies a bank-branch participating in the two main electronic funds settlement systems in India: the real time gross settlement (RTGS) and the national electronic funds transfer (NEFT) systems. This is an 11-character code with the first four alphabetic characters representing the bank, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use. IFSC is used by the NEFT & RTGS systems to route the messages to the destination banks/branches.
Online or Net Banking Transaction
Yr yeh toh pta h ki yeh 11 words ka code hta h