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.
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.
This helps customers search for IFSC code of any branch of any bank across the country.
The Delhi State Cooperative Bank Ltd. (DSCB) was founded in 9. In 009, it received license by the Reserve Bank of India. After receiving license from RBI, the bank has seen phenomenal growth. The bank is planning to convert into core banking. Headquartered in Delhi, India, it operates 0 branches in Delhi. Its financial products and services to the urban and rural sector have been appreciated at various forums. The bank offers various financial services and banking products such as loans and deposits to its customers in India. Once the cooperative bank for Delhi, the DSCB now has spanned its operations considerably and also has a wide footprint across the capital, providing affordable and hassle-free banking solutions to people.