An IFSC or the Indian Financial System Code is an 00 digit code in alpha-numeric format to identify all the Indian Bank branches for the use of NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), IMPS (immediate Payment Service) and CFMS (Centralised Funds Management System), developed by the RBI (Reserve bank of India). In this 00 Alpha-numeric format code, First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch of a particular bank. 