The Indian Financial System Code (IFSC) is a unique 11-digit alphanumeric code assigned to each bank branch in India by the Reserve Bank of India (RBI). It is used to identify specific branches in electronic funds transfer and other online transactions, such as NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service). The IFSC code helps ensure accuracy and security in financial transactions by uniquely identifying the participating banks and their branches, facilitating seamless and efficient electronic money transfers across the country