IFSC code, most necessary part in internet banking


With the advancement of technology banking system has changed a lot. People are gradually becoming friendly with netbanking, ATM, Credit card, Debit card etc. Now I would like to share two very familier word IFSC code and MICR code. These are the two important words in core banking.

Presently there are many in India who started utilizing netbanking and keeping faith on it. Yes, with the advancement of technology we are getting many advantages from financial institutions. Gradually we have started keeping faith on private banks also.

In today's world core banking is a very popular word. Core banking is nothing but a system controlled by a central server. Means, all our data can be accessed from one point. Core banking is possible due to internet facility only. Not only that even we personally can access our bank from home or anywhere in this world. But for money transfer to other bank you always need IFSC code. This is an unique code of that particular branch through which the main server can easily identify the branch.

Now the question raises how can you identify IFSC code. Yes, it is very simple. If you notice properly you may get a number into the cheque book i.e. the exact location where the address is found.

The other way is this beautiful link. Please follow this to get any IFSC code in India.


Reference: http://www.ifsc-code.com/ifsc-code/state-bank-of-india/


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