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IFSC code News

15 Nov 2021

Online transactions? Know what will happen to money if IFSC code is wrong

RBI has assigned this 11-digit alpha-numeric code (Reserve Bank of India). Every bank's branch is assigned its own IFSC code, hence each branch has its own IFSC Code. The IFSC code is used in online banking systems such as NEFT, IMPS, and RTGS.

01 Apr 2021

Cheque book, MICR code, other changes for customer of these 7 banks from Apr 1

New rule from April 1. Rules on Cheque book. Rules on MICR, IFSC code.

15 Mar 2021

Alert! Cheque books of THESE 7 banks will be invalid from April 1

If a customer has an account in any of these 7 banks, then quickly check for a new cheque book and IFSC code. Dena Bank and Vijaya Bank have merged with Bank of Baroda on April 1, 2019. From April 1, only cheque books and passbooks of Bank of Baroda will run in them.

18 Sep 2014

EPFO makes it mandatory to provide workers' bank a/c numbers

Retirement fund body EPFO made it mandatory for firms to provide their employees' bank account numbers with IFSC code of bank branch to facilitate allotment of universal PF account number and payment to its subscribers.

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