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Standard Chartered Bank
In Standard Chartered IFSC codes are used to identify the different branches distinctly. It is primarily applied in monetary transfers. Different e-fund transfer systems like NEFT and RTGS dispatch the funds to a destination bank branch with the help of IFSC codes. Mumbai’s Standard Chartered Bank branches have different IFSC codes. Similarly, in Delhi, Standard Chartered IFSC codes vary for every branch. This system allows the bank to pinpoint the destination bank and branch, thus ensuring that the monetary fund is sent to the right account in the right branch of any bank.
Standard Chartered IFSC codes
The IFSC code is made up of eleven characters, distributed into three sections. The first section has four characters. They denote the identity of the bank. The fifth character is a zero. It is placed in between the two sections for future employment. The third section has six characters that point out a particular bank branch. 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.