How important is IFSC code to your fund transfer?
Online fund transfers make the banking process easier; it could make mistakes common too. It is easy to transfer money into a wrong account by missing just a digit. A wrong transaction cannot be reversed instantly. For your money to get reverted there is a long wait period. Making a wrong transaction is quite common. But an IFSC code can save you from the hassles of making a mistake with transfers.
The Indian Financial System Code (IFSC)
The IFSC code is an eleven unit sequence that is a combination of alphabets and numbers. This code denotes the bank and the particular branch. This is used to make all kinds of online fund transfers like RTGS, CFMS, and NEFT. Every branch of a bank will have its unique IFSC code. A particular branch of Karnataka Vikas Grameena Bank IFSC code will not be similar to another branch of the same bank. An online transfer saves you from a trip to the bank. An IFSC code aids online transfer in the following ways: However, if you want to know the code without creating an account, you can do so via the internet. There is an official website of IFSC code where you can know all about this code.