IFSC,MICR,RTGS,NEFT & TIME INFORMATION
IFSC is an acronym for Indian Financial System Code . IFSC code is a unique eleven-digit number which is a combination of alphabets and numerals. It is used to transfer funds online for NEFT, IMPS and RTGS transactions. Usually, the IFSC code can be found on the cheque-book provided by the bank. Parameters: RTGS Transfer type: One-on-one settlement Transfer speed: Nearly Instant Minimum transfer amount: Rs 2 lakh MICR Code: Magnetic Ink Character Recognition Code. Magnetic Ink Character Recognition ( MICR ) is a 9-digit code that helps identify a particular bank branch that is part of the Electronic Clearing System (ECS) which is used to clear cheques on a routine basis. NEFT is a nation-wide payment system that allows transfer of funds from one bank account to another. Individuals, firms and corporates can transfer the money from one bank branch to any other bank account held by individual, firm or corporate in the country Real-ti...