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Is IFSC code same as MICR?

Updated: 12/12/2022
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Indian Financial System Code (IFSC) is an alpha numeric code designed to uniquely identify the bank-branches in India. This is 11 digit code with first 4 characters representing the banks code, the next character reserved as control character (Presently 0 appears in the fifth position) and remaining 6 characters to identify the branch. The MICR (Magnetic Ink Character Recognition) code has 9 digits and are also used to identify the bank-branch for cheque clearing and online transaction processes.

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Q: Is IFSC code same as MICR?
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How you can get ifsc code?

IFSC code of all Banks and branches are available at BankBazaar.com/ifsc-code.html. You can also find addresses, MICR Code and contact numbers.


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Is a bank code and IFSC code are same?

No SBI IFSC code and CIF Code is not Same. IFSc code is 11 digit code used for Online transaction. Visit sbiifsccode.co.in for IFSC code of all Branches of SBI in India. Where as CIF is Customer Identification Number which is unique for all customers.


How do you find ifsc code of my account?

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