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Full form of IFSC is - Indian Financial System Code. These codes are issued by RBI to every bank branch and used to transfer money online from one account to another with various modes like NEFT (National Electronic Funds Transfer), IMPS (instant mobile money transfer service ), RTGS (Real Time Gross Settlement) and CFMS (Centralised Funds Management System). This code is a combination Alpha-numberic with total 11 characters. First 4 words represent bank name and 5th is 0 and last 6 represent a branch.
MICR full form is Magnetic Ink Character Recognition, which are prininted om cheque books.
Here at CODEIFSC.in we have listed IFSC Codes, MICR codes and SWIFT codes for all bank and their branches present in India. You can search here by bank name, branch address, state, district ot code. As of now we have 134363 total active branches and 190 banks details.