RBI has allotted the Indian Financial System Code in short denoted as IFSC codes to all the bank branches in India. IFSC codes are unique 11-digit codes with alphanumeric characters. These codes help the users to ensure that the transferred funds go to the right person account, without any errors.
For example, we can take the IFSC code: "MVCB0000002" - of Sir M Visvesvaraya Cooperative Bank Limited branch in Shankarmutt Road, Bangalore, Karnataka.
This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Sir M Visvesvaraya Cooperative Bank Limited account or to other bank accounts. According to RBI guidelines, the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India. This code helps to avoid the risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches the right account holder at the specified branch.
The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by Sir M Visvesvaraya Cooperative Bank Limited. The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter into the bank's official website.
Customers by clicking the link will lead to another page where four columns are displayed. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes.
City | Branch | IFSC Code |
---|---|---|
Bangalore | Bhanashankari | MVCB0000005 |
Bangalore | Btm Lay Out | MVCB0000009 |
Bangalore | J P Nagar | MVCB0000004 |
Bangalore | Kengeri Settalite Town | MVCB0000007 |
Bangalore | Konanakunte | MVCB0000012 |
Bangalore | Kumarapark West | MVCB0000001 |
Bangalore | Mathikere | MVCB0000008 |
Bangalore | Rajajinagar | MVCB0000003 |
Bangalore | Rajarajeswari Nagar | MVCB0000011 |
Bangalore | Shankarmutt Road | MVCB0000002 |
Bangalore | Vijayanagar | MVCB0000006 |