Ever wondered what IFSC printed on our passbook/chequebook stands for, and what is its significance in the Indian banking sector? Let’s find out everything about it.

Net Banking has made contactless payments simpler for millions of people around the world. In fact, the online payments facility lets you save money, with a plethora of offers to choose from.

When you want to purchase from a website or an app using ICICI Bank Internet Banking as the Payment Option, you now have an alternate option to log in to Net Banking using the mobile number registered with ICICI Bank.

While doing a money transfer through NEFT, RTGS or IMPS, you will be required to enter an IFSC. Along with the account number, the 11-digit code ensures your fund is transferred to the specific bank branch. Let’s get to know the benefits of an IFSC in this article.