Indian Financial System Code, popularly known as IFSC code, is an 11-digit alphanumeric code that helps identify the individual bank branches. IFSC code is used to transfer funds online for NEFT, IMPS, and RTGS transactions. First four digit characters represent the bank, followed by a zero (0), and the last 6 characters, usually number, represent the bank branch.

Customer can find IFSC code on their bank’s cheque leaves, passbooks, bank statement and other banking documents.

Its significance

Unique branch identification: Through an IFSC code, the particular branches of source and destination banks can be identified.

Useful for electronic transfer: It is used for online fund transfer like NEFT, RTGS & IMPS, and helps eliminate errors.

IFSC Code Finder

This helps customers search for IFSC code of any branch of any bank across the country.

Laxmi Vilas Bank was incorporated on November 9 under the Indian Companies Act 9, and received the certificate to start business on 0th November 9. The bank obtained its banking license from the Reserve Bank of India (RBI) on 9th June 98, and on August 98, scheduled commercial bank status was conferred on it. Headquartered in Chennai, Tamil Nadu, the bank operates a network of 8 branches and09 ATMs spread across the 8 States and Union Territory across the length and breadth of the country. It also has “B” category branches. The bank caters to the entire spectrum of customer segments in Retail, Mid-Market and Corporate space.