India Post Payments Bank IFSC or Indian Financial System Code is an 11-character alphanumeric code allocated by the Reserve Bank of India to all the banks and their respective branches. The IFSC Code, in particular, provides a unique identity to all the branches. The use of IFSC Code is mandatory in carrying out electronic or online funds transfer system via NEFT, RTGS or IMPS.
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Format of India Post Payments Bank IFSC Code
In the 11-digit IFSC Code, the first 4 characters. Represent the bank code, the 5th character is a ‘0’ and the last 6 characters. Represent the specific branch code. Have a look at the below-mentioned example of India Post Payments Bank IFSC Code, Delhi.
I | P | O | S | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
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