Bank IFSC Code Format
The IFSC is an 11-character code used to identify banks and their branches in India. The code has a specific format, with the first four characters representing the bank name and the last six characters representing the branch, usually in numeric form. The fifth character is always ‘0’ and is reserved for future use.
For instance, let’s take the IFSC code for Axis Bank. The first four characters are ‘UTIB’, which denotes the bank name, and the last six characters represent the branch code, typically in numeric form.
To form an IFSC code, the first four characters indicate the bank name, and the last six characters represent the branch code. The fifth character is always ‘0’ and is reserved for future use. For example, Axis Bank’s 11-digit IFSC code starts with ‘UTIB’, indicating the bank name, and ends with six digits representing the branch code.
This is an example of how an IFSC Code is formed
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| Bank Name | 0 | Branch Code | ||||||||