![]() ![]() For example, the IFSC code of the SBI branch at 23, Himalaya House, Kasturba Gandhi Marg, New Delhi 110001, is SBIN0005943. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same.įor State Bank of India's (SBI) 11-digit IFSC code, the first four letters will be 'SBIN', and the last 6 digits will represent a specific branch code. It is mandatory for fund transfers from one bank account to another. This code is used by electronic payment system applications such as RTGS, and NEFT. ![]() The Indian Financial System Code (or IFSC) is an 11-digit alpha-numeric code assigned by the Reserve Bank of India to identify every bank branch participating in the payment system uniquely.
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