|SBI Personal Loan||9.60%|
|ICICI Personal Loan||10.50%|
|HDFC Personal Loan||10.50%|
|Axis Personal Loan||12%|
|Tata Capital Personal Loan||10.99%|
|Fullerton Personal Loan||11.99%|
|Indusind Personal Loan||11.25%|
|BOB Personal Loan||10.50%|
|Aditya Birla Personal Loan||11%|
|PNB Personal Loan||8.65%|
The Indian Financial System Code, popularly known as IFSC code, is a unique 11-digit alphanumeric code that is used to identify all banks and their branches at the time of online fund transfer process via NEFT, RTGS and IMPS. The Reserve Bank of India (RBI) issues the IFSC code to each bank. You can find the IFSC code on each cheque leaf and bank account passbook issued by the bank, or on the official website of the bank and RBI.
The 11-digit alphanumeric IFSC code includes 3 essential components – bank code, zero (0) and specific branch code. Here is an example of IFSC Code of Punjab National Bank (Preet Vihar), Delhi branch.
|Punjab National Bank Code||Zero||Punjab National Bank Branch Code|
|P U N B||0||1 3 9 9 0 0|
Customers can use the IFSC Code to transfer funds online from one bank account to another instantly and conveniently. The IFSC Code can also be used for credit card bill payments online.
The IFSC code is used to carry out the following online payment services:
|Process||NEFT settlement are made in a batch-wise format.Money is transferred to all NEFT-enabled banks in India at anytime from anywhere.||A payment service in which money is sent in the beneficiary bank account as and when the fund transfer process is initiated.||IMPS is a real time and instant electronic fund transfer process.it is considered a secure and faster method of fund transfer.|
|Transaction Limit||Min: Rs.1 |
Max: no maximum limit
(per transaction limit is Rs.50,000)
|Min: Rs.2 lakh|
Max: no maximum limit
Max: Rs.2 lakh
|Timings||24*7, 365 days||7 am to 6 pm on all working days||24*7, 365 days|
|Transaction Charge||No inward charge||No inward charge||Depends on individual member and bank PPCs|
Users can find the IFSC Code of a specific bank branch both online and offline through the following methods.
Here are the steps to find the IFSC Code of any bank branch on Afinoz.com:
You can also search for IFSC Code on theofficial website of the Reserve Bank of India.
You can use your bank’s netbanking portal or mobile app to find the IFSC Code of your bank.
Use any of the following methods to find the IFSC Code of a particular bank branch offline.
Account holders can find the IFSC code on a passbook issued by a bank
IFSC Code can also be found on the top of the cheque leaf issued by a bank. The MICR Code is printed at the bottom of the cheque leaf.
Magnetic Ink Character Recognition (MICR) is a 9-digit numeric code that is used for faster processing of cheques. It is also unique for every bank branch and used to uniquely identify a particular bank branch participating in Electronic Clearing System (ECS). MICR Code can be found at the bottom of the cheque leaf and on the passbook issued by the bank to the account holder.
MICR is a 9-digit numeric code where the first 3 digits indicate city code, middle 3 represent bank code and the last 3 represent the bank branch code. For example, the MICR code for the ICICI branch at Safdarjung Enclave, New Delhi is 110229044. Here ‘110’ represents the city, ‘229’ represents the bank and ‘044’ represents the bank branch.
The MICR code is printed next to the cheque number at the bottom of cheque leaves. MICR Number is printed in a unique font and ink that allows only a Magnetic Character Ink Reader to read and process the printed information.