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IFSC code search for Banks in India

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IFSC Code Finder for Banks in India

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What is an IFSC code?

The full form of IFSC code is Indian Financial System Code. It is an 11 character alpha-numeric code  and is unique to each bank branch in India.

The IFSC code was introduced by the Reserve Bank of India (RBI) in 2008.  It was designed to modernize and streamline banking operations, particularly for electronic funds transfers.

The Indian Financial System Code (IFSC) has undergone a significant evolution since its inception. Over time, as the banking sector expanded and technological advancements took place, the IFSC system became an integral part of the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) mechanisms. With the advent of Unified Payments Interface (UPI) and other digital payment platforms, IFSC codes have played a crucial role in ensuring secure and seamless transactions. Today, IFSC codes continue to be a fundamental component of India’s digital financial infrastructure, promoting efficient and standardized banking transactions. It is assigned by the Reserve bank of India to Banks in India.

IFSC Code Full Form and Its Components Explained

As mentioned above, the full form of IFSC means Indian Financial System Code. We will understand what each part of the code stands for:

IFSC example

First Four Characters (Alphabets) :

The initial four characters of the IFSC code represent the bank’s name. These characters are alphabetic and help identify the respective bank associated with the transaction.

Fifth Character (Zero) :

The fifth character of the IFSC code is always a zero. It has been reserved for future use and is currently static across all IFSC codes.

Last Six Characters (Alphanumeric) :

The final six characters of the IFSC code uniquely identify the specific branch of the bank. This alphanumeric combination is crucial for directing the funds accurately to the intended recipient.

These codes are allocated by the Reserve Bank of India (RBI) for identification purposes. This means that no two banks or their branches can have the same code.

Importance of IFSC Codes in Banking Transactions

Accurate Transfers :

The IFSC code plays a vital role in ensuring that funds are routed accurately to the intended recipient’s bank branch. With the unique alphanumeric combination, it eliminates the possibility of confusion and ensures that the funds reach the correct destination.

Electronic Transactions :

The IFSC code is particularly essential for transactions involving National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), and Immediate Payment Service (IMPS). These electronic fund transfer mechanisms rely on the IFSC code to facilitate secure and efficient transactions.

Online Banking :

In the age of digital banking , where online transactions have become the norm, the IFSC code is a key component. Individuals conducting online transactions need to enter the IFSC code to initiate fund transfers, making it a crucial element in the digital banking ecosystem. It facilitates a plethora of online transactions such as paying bills, EMIs, insurance premiums, and taxes.

UPI Transactions :

Even in the case of Unified Payments Interface (UPI), which has gained immense popularity for its simplicity and speed, the IFSC code plays a role when transferring funds between different banks. While UPI transactions often use mobile numbers or virtual payment addresses, the IFSC code becomes relevant in cross-bank transfers.

International Transactions :

While the primary function of the IFSC code is for the domestic transactions, its concept aligns with the international standards of bank branch identification. For international transactions, SWIFT codes are used, serving a similar purpose to IFSC codes on a global scale.

Where to look for  Your Bank’s IFSC Code?

You can see your bank’s branch IFSC code at the following places:

On your  Cheque Book :

IFSC cheque-2

The IFSC code is usually printed on your bank’s cheque leaves. It is typically found at the top of each cheque leaf, either on the left or the right side.

Bank Account Passbook :

Check the front sheet of your bank passbook for account and branch details, including the IFSC. It is usually printed on the top right corner of the front sheet.

Your Account Statement

account statement

When you view or take a print out of your account statement online, you can see the IFSC code of your branch on the statement.

The need to search/ find the IFSC code of a bank branch:

When you want to transfer funds to someone either in the same Bank or another bank, you will need to first mention the IFSC code of the branch, and then the particular account number to which you want to transfer the funds. So when you know the name of the bank and branch, with the help of this tool, you can find the IFSC code and the full address of the branch immediately.

On the other hand, if you just know the IFSC code, you can find the full details of the bank, its branch and its address also with the help of this tool.

Although there are many tools available across the internet, including RBI own website, this tool has been developed by us with great efforts, taking into account the need of the common user as well as the Bankers and other financial agencies and is very convenient to use.

This tool uses list of 174898 IFSC codes provided by RBI  on its website updated as on 30.04.2025.

Precautions and disclaimer:

While going through the data available, we have found that in some cases, there are spelling mistakes- for example, the name of ‘AURANGABAD’ is mentioned as ‘AURANGABD’ in few places and AURANGABARD in one case. So you won’t get the results if you select ‘AURANGABAD’ in the drop down menu. The name of ‘BEED’ in Maharashtra is mentioned as “BID’ in some  places. The addresses of the branches have been jumbled up in case of merger of Banks.

However, we are sure, with the help of this tool, you will be able to find the information you are looking for very easily.

In case you find any anomalies, please inform us at goodworldmd@gmail.com so  that we can make necessary corrections.

Disclaimer

While we have made our best efforts to provide the user with  the latest data updated as available from RBI, users are requested to confirm the information with the respective bank before using the information provided. We accept no responsibility for the information provided on this platform and will not be responsible for any loss or damage suffered by any user, directly or indirectly by making use of the data provided on this website.

We expect you to use this website only for reference, and please confirm from the bank directly before performing any transaction.

LIC Bima Sakhi Yojna-एल.आय.सी ची बीमा सखी योजना

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LIC-Bima-Sakhi-Yojana

बीमा सखी योजना- 18 ते 70 वयोगटातील महिलांना एलआयसी एजंट बनण्याची सुवर्णसंधी- सोबत महिना 7000 रूपये स्टायपेण्ड!

दि. 9 डिसेंबर च्या वर्तमानपत्रात “बीमा सखी योजना” या नांवाची, LIC India(भारतीय जीवन बीमा  निगम)ची एक योजना, पंतप्रधान नरेंद्र मोदी यांच्या हस्ते सुरू करण्यात आल्याची बातमी वाचण्यात आली. या योजनेचा शुभारंभ नरेंद्र मोदी यांनी हरियानातील पानिपत या शहरी केल्याचे वाचण्यात आले. तसेच वर्तमानपत्रात याबद्दल त्या दिवशी LIC तर्फे देण्यात आलेली जाहिरातही वाचण्यात आली.

कुतूहलाने त्याबाबत अधिक माहिती घेतली असता, त्यातील एका वैशिष्ट्याने लक्ष वेधून घेतले- ते म्हणजे यासाठी 18 ते 70 वयापर्यंतच्या, कमीत कमी 10 वी पास असलेल्या महिला पात्र आहेत. LIC अशा प्रकारे 2 लाख महिलांना एक उत्पन्नाचा स्रोत मिळवून देणार आहे असे म्हटले आहे. त्यासाठी निवडलेल्या महिलांना पहिल्या वर्षी दरमहा रु. 7000 चा स्टायपेण्ड देण्यात आहे- म्हणजे वर्षाचा रु. 84000- दुसऱ्या वर्षी प्रतिमाह रु. 6000- म्हणजे वर्षाचा रु. 72000 आणि तिसऱ्या वर्षी प्रतिमाह रु. 5000-म्हणजे वर्षाचा रु. 60000- असा 3 वर्षांचा एकूण रु. 2,16,000 स्टायपेण्ड देण्यात येणार असल्याचे लिहिले आहे- आणि हा 3 वर्षांचा कालावधी हा प्रशिक्षण काळ राहील असे सांगितले आहे. या कालावधीच्या पूर्ततेनंतर संबंधित महिलांना LIC Agent म्हणून काम करता येणार आहे( LIC चे कर्मचारी नव्हे), आणि त्यातील ग्रॅजुएट असलेल्यांना विकास अधिकारी (Development Officer) म्हणून काम करण्याचीही संधी मिळू शकते असे लिहिले आहे.

अजून या योजनेचे पूर्ण तपशील कळू शकले नाहीत. जसे की- या कालावधीत कसे प्रशिक्षण दिले जाईल? आणि कुठे? तसेच LIC च्या संबंधित वेबसाइट वर वरील स्टायपेण्डच्या समोर वर्षभरात 24 पॉलिसीज- म्हणजे साधारण महिन्याला 2 पॉलिसीज कराव्या लागतील असा उल्लेख आहे. त्यामुळे अशा पॉलिसीज जर पूर्ण नाही होऊ शकल्या तर काय, याबद्दल उल्लेख नाही. मात्र केलेल्या पॉलिसीज वर कमिशन वेगळे मिळेल असा उल्लेख आहे. त्यामुळे ज्या महिलांना अशा प्रकारच्या कामात रस आहे, थोडे अधिकचे काम करून उत्पन्न मिळविण्याची इच्छा आहे, त्यांनी यासंदर्भात apply करून बघायला काही हरकत नाही, असे वाटते. आणि त्यासाठी जास्त काहीच कागदपत्र देण्याची गरज नाहीये. त्यामुळे आपल्या महितीतील कोणी अशा महिला असतील तर त्यांच्यापर्यंतसुद्धा ही माहिती पोंचवावी असे वाटते. तसेच  इच्छुक महिलांनी LIC च्या वेबसाइट वर जाऊन apply करावे.

या संदर्भातील सगळे तपशील खाली दिले आहेत.

सर्वप्रथम आपण आपल्या मोबाईल मध्ये किंवा लॅपटॉप मध्ये, google search वर जाऊन, bima sakhi(इंग्लिश मध्ये) किंवा बीमा सखी (मराठीमध्ये) टाइप करावे. त्यानंतर जे रिजल्ट येतील, त्यात खालील वेबसाइट दिसेल (अगदी पहिल्याच क्रमांकावर नाही, पण वरून तिसऱ्या किंवा चौथ्या क्रमांकावर) https://licindia.in/lic-s-bima-sakhi

त्यावर क्लिक करावे. त्यानंतर खालील स्क्रीन येईल-

 

lic-1 स्क्रीन वर अजून खाली गेल्यानंतर Click here for Bima Sakhi असे एक बटन येईल. त्यावर क्लिक करायचे-lic-3

 

 

त्यांनंतर अर्जाचा खालील स्क्रीन येईल.lic-5

 

त्यात आपली माहिती भरायची. जन्मतारीख टाकतांना ती MM/DD/YYYY या फॉरमॅट मध्ये टाकायची आहे, म्हणजे जन्माचा महिना पहिल्यांदा, नंतर जन्मतारीख, आणि नंतर वर्ष. आपल्या मोबाईल नंबरच्या कॉलम मध्ये मोबाईल नंबर टाकायचा आहे. ई -मेल अॅड्रेस असल्यास टाका, नसल्यास ती जागा रिकामी सोडा. त्यानंतरच्या कॉलम मध्ये- Are you related–… इत्यादि मध्ये मात्र No वरती क्लिक करणे आवश्यक आहे- अर्थात त्यासाठी तुम्ही LIC ह्या कुठल्याही एजंट, डेव्ह. ऑफिसर, कर्मचारी, इत्यादींच्या नात्यात येत नसले पाहिजे. 

त्यानंतरच्या कॉलम मध्ये तिथे दिलेला Captcha भरायचा, आणि नंतर सबमिट करायचे.  सबमिट केल्यावर खालील मेसेज येईल- अशा प्रकारे तुमचा फॉर्म सबमिट होऊ शकेल.

LIC-6 (1)

 

 

 

Fixed deposit interest calculator

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fixed deposit interest calculator

The power of compounding

Understanding Fixed Deposits in India: Maximizing Returns with Reinvestment

Keeping your amount in a bank in a simple fixed deposit and keeping it in a Reinvestment deposit makes a great difference due to the power of compounding. Because the interest earned on the deposit is again re-invested, every three months and the interest also earns interest. This is called ‘compounding’ and it makes a big difference in the maturity value of your deposit.power of compounding

To help you easily calculate the cumulative interest on your fixed deposit, compounded quarterly, our Reinvestment Deposit Calculator below allows you to calculate expected returns based on deposit amount, tenure, and interest rates. By inputting values, you can instantly see the yield for each reinvestment option, making it easier to identify which banks offer the most advantageous returns.

Reinvestment Deposit Calculator

Fixed deposits (FDs) continue to be a preferred investment choice in India, offering stability and assured returns. As of 2024, most banks are providing competitive FD rates due to changes in market liquidity and inflation rates. These deposits are particularly popular among conservative investors who prioritize security over higher, but riskier, returns. A unique type of FD, called a reinvestment deposit or cumulative FD, offers compounded interest. Instead of receiving periodic interest payments, the interest earned is reinvested, compounding at each interval and yielding a higher return at maturity.

Currently, Indian banks’ FD interest rates range from around 3% to 7% annually, or even more, in some cases, depending on tenure, deposit size, and the bank’s specific policy. Many government and private banks offer reinvestment options, and the yield can vary considerably, making it essential for investors to compare different banks’ offerings.

To help you assess these variations, our **Reinvestment Deposit Calculator** above allows you to calculate expected returns based on deposit amount, tenure, and interest rates. By inputting values, you can instantly see the yield for each reinvestment option, making it easier to identify which banks offer the most advantageous returns.

Using this calculator, investors can make well-informed decisions, helping them maximize their FD investments while balancing security and growth.

 Mutual funds and SIPs are a great way for the common investor. You can also make use of our SIP calculator here

sip calculator

SIP calculator

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sip calculator

Using the SIP Calculator: Your Financial Planning Companion.

To give investors a more practical approach, we’ve embedded a SIP calculator below. The SIP calculator allows users to estimate the future value of their SIP investments by entering variables such as the monthly investment amount, expected return rate, and investment period. This tool is extremely useful for planning your finances, as it gives you a clear understanding of the potential returns based on your inputs.

SIP and Lumpsum Calculator
SIP
Lumpsum

Why Mutual Funds are an Ideal Alternative Investment for the Common Investor

SIP: A Smart Way to Invest in Mutual Funds

Introduction

In recent years, mutual funds have gained popularity among a diverse set of investors in India. This mode of investment has proven to be an excellent alternative to traditional options such as fixed deposits, gold, and real estate. For common investors who seek to grow wealth steadily, mutual funds offer the benefits of professional management, diversification, and potentially higher returns. Additionally, the advent of Systematic Investment Plans (SIPs) has empowered investors to achieve their financial goals more efficiently, allowing them to invest consistently without needing a large upfront capital. In this article, we will explore the history of mutual funds in India, how mutual funds work, the advantages of SIP, and a practical SIP calculator that can help you estimate your investment returns.

 

 A Brief History of Mutual Funds in India

Mutual funds have been a part of the Indian investment landscape since 1963, when the Government of India launched the Unit Trust of India (UTI) as the country’s first mutual fund entity. For decades, UTI was the sole player, and mutual funds were relatively limited in scope. However, in 1987, the market opened to public sector banks and institutions, with several banks launching their own mutual fund schemes. In 1993, the regulatory body SEBI (Securities and Exchange Board of India) established guidelines, leading to the entry of private sector mutual funds. Today, the mutual fund industry in India is a vibrant and dynamic sector, managed by multiple private and government entities that offer products across equity, debt, hybrid, and other categories. Mutual funds are now accessible to investors at different income levels, enabling a large segment of the population to participate in wealth creation.

 

How Mutual Funds Work

A mutual fund pools money from multiple investors, which is then managed by a professional fund manager who allocates it across various assets like stocks, bonds, and other securities. The goal is to generate returns based on the fund’s investment objective. For example, an equity fund primarily invests in stocks and aims for capital appreciation, while a debt fund invests in fixed-income instruments, targeting stable returns with lower risk. Each investor owns “units” of the fund, which represent their share of the pooled assets. The value of these units fluctuates based on the performance of the underlying assets, allowing investors to gain or lose value in proportion to the fund’s success.

 

 Benefits of Investing in Mutual Funds

Mutual funds provide several benefits that make them attractive to everyday investors:

 

Professional Management

Experienced fund managers make informed decisions, adjusting the portfolio to market conditions, thus taking the burden off investors.

Diversification

Mutual funds spread investments across a wide array of assets, reducing the risk of exposure to a single stock or sector.

– **Liquidity**: Most mutual funds allow investors to redeem their units at any time, providing a high level of liquidity.

– **Affordability**: Investors can begin with a small initial investment, making mutual funds accessible to individuals with varying financial capacities.

– **Flexibility**: Investors can choose from various fund types based on their financial goals and risk tolerance.

 

 SIP: A Smart Way to Invest in Mutual Funds

Systematic Investment Plans (SIPs) have revolutionized mutual fund investment by allowing investors to contribute a fixed amount regularly rather than a lump sum. SIPs make it easier for individuals to invest consistently, regardless of market conditions, which is crucial for wealth creation over time. By investing a small amount each month, investors enjoy the benefits of “rupee cost averaging,” which involves buying more units when prices are low and fewer units when prices are high. This approach minimizes the impact of market volatility on returns.

 

 The Power of Compounding with SIPs

One of the biggest advantages of SIP is compounding. With each SIP contribution, the invested amount grows over time, earning returns on both the initial investment and the accumulated earnings. This compounding effect can lead to significant wealth accumulation over the long term, making SIP an ideal choice for achieving goals like retirement planning, children’s education, and wealth creation.

 

 Using the SIP Calculator: Your Financial Planning Companion

To give investors a more practical approach, we’ve embedded a SIP calculator above. The SIP calculator allows users to estimate the future value of their SIP investments by entering variables such as the monthly investment amount, expected return rate, and investment period. This tool is extremely useful for planning your finances, as it gives you a clear understanding of the potential returns based on your inputs.

You can also try our Fixed deposit interest calculator here: To have ready calculations of your cumulative fixed deposit of reinvestment deposit as they are called in some banks, giving you the power of compounding