UTKARSH SMALL FINANCE BANK

About IFSC Codes

IFSC (Indian Financial System Code) is an 11-character code assigned by the Reserve Bank of India to identify every bank branch participating in the NEFT system uniquely.

Structure of IFSC Code

• First 4 characters: Represent the bank code
• 5th character: Is always '0' (reserved for future use)
• Last 6 characters: Represent the specific branch code

What is IFSC used for?

IFSC is essential for electronic fund transfers in India including:

• NEFT (National Electronic Funds Transfer)
• RTGS (Real Time Gross Settlement)
• IMPS (Immediate Payment Service)
• UPI (Unified Payments Interface) transactions

When making online transactions or setting up direct deposits, you'll need to provide the correct IFSC code to ensure your money reaches the right branch of the right bank.