Term of use

You are welcome on our website "ifscofbank.com". Visiting the site and using, adding information you are expressly bound to follow all the terms and condition mention on our website and also the law and regulation in forced. We may change this term and conditions at any time, and if you are continue to use the website then it clearly means that you have agreed and accepted new or modified term and conditions. So, please revisit the term and conditions link at our website so you may aware of any changes that we may introduce.

1. Permitted use and prohibitions

When you agree on terms and condition of website then you are the only authorized to visit, view and retain the copy of the site for your own personal use but you are strictly prohibited for the download, duplicate, publish, modify, scrape, or publishing or distributing the material on this site for any commercial purpose other than describe in this terms and condition. User is permitted for use only when he/she is compatible or having capacity to enter in to agreement and agreed on T&C on this agreement. The use of site is whole and sole for the lawful purpose only. You are strictly prohibited to use robot, spider, upload file that contain software or other material protected by intellectual property law, upload file that contain viruses, corrupt file or any other similar software program that damage the operation of others computer, conduct or forward contain, channel letter, survey, other automatic device, manual process to monitor or copy our webpage, using content for unauthorized purpose without our prior permission in written or any term which is prohibited in law (like IT Act, Copywriter Act etc.). As per T&C you are agreed that you will not use any device, software which interfere or attempt to interfere the proper working of the site. If the user is not following T&C, permitted uses then any activity done by user is void and website is not liable for his act.

2. Registration and client login

By registering with our website, you certify that all information you provides, now or in future is accurate. The ifscofbank.com reserve the right of denies you to access to website or any portion without notice for following reasons:

  • Unauthorized access or use
  • Transfer of any right granted to you under this agreement
  • Violation of any terms and condition of this user agreement

Once you register on website, then website grants you non- exclusive, non- assignable and non-transferable license to access and use the website. Assignment and use of license is based on agreement and terms & conditions. Once you register for client login, you are allowed to save and personalize the account contents, receive, add and view the comments. You can also view and post the comments on article written by the experts.

Once you became the client of our website, you agree to take full responsibility for maintaining the confidentiality of your account user name, password and all related activity that occurs on your account. If you breach these T& C then ifscofbank.com have sole discretion or right to terminate your account, remove or modify any account related contents or access or can take any other action that website believe appropriate.

3. Link and search result

The site may automatically produce the search result that link to the ifscofbank.com offer across the world wide web, ifscofbank.com have no control over your search or content within them. Our website will not guarantee, represent, or warrant that the content contained on that site is accurate and legal. Ifscofbank.com does not assure that the contents of any third party site are accurate and legal and does not warrant that it will not contain any viruses that will impact your intellectual property. So, here ifscofbank.com is proclaim that you may not make any claim against ifscofbank.com website for any damages or losses, whatsoever, result from your use of this site to obtain search result or link to another site.

4. Copyright and no retransmission of information

The information contains in this website is exclusive property of ifscofbank.com and such property, ownership right is not transferable to you or any other person or any entity via any agreement. The information contained on this website is not used or repeated or rebroadcast by anyone other than our website. You are prohibited from reselling, rebroadcasting, redistributing, giving on rent, leasing, publishing etc. the contents of ifscofbank.com.

5. Violation of the terms

On the unauthorized or illegal use of site or on the breach of T&C, you are liable for monetary damage or subject to appropriate legal action including civil, criminal.

6. Disclaimer

  • Information disclaimer: The material contained on this site is general information or academic purpose and is not intended to be advice on any particular matter. Subscribers and readers should seek appropriate professional advice before acting on the basis of any information contained herein. Ifscofbank.com, its members, owners, employees, representatives and the authors expressly disclaim any and all liability to any person, whether a subscriber or not, in respect of anything and of the consequences of anything done or omitted to be done by any such person in reliance upon the contents of this site and associated web pages.
  • Delay in services: Every effort has been made to avoid errors or omissions. In spite of this, any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of. It is notified that neither Ifscofbank.com nor the authors nor the publishers will be responsible for any damage or loss of action to any one, of any kind, in any manner, there from.
    It is suggested that to avoid any doubt the reader should cross-check all the facts, law and contents of the material on web with original Government publication or notifications or circulars.
  • Liability disclaimer: You expressly agree that use of website is at your own risk. If any kind of damage or problem you will face due to use of this website then ifscofbank.com is not liable for your damage. You agree that use of website its information, chat, massage and other communication forum at your own risk, during use if you are defame, harassed, abuse, stalk etc. than ifscofbank.com is not responsible. For infringement of any condition or T&C we have right to take corrective action for that.

Find out more

What is bank IFSC code?

The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely identifies a Bank-Branch participating in the two main Electronic Funds Settlement Systems i.e. RTGS and NEFT systems. IFSC is used by the NEFT & RTGS systems to route the messages to the destination banks / branches. Bank-wise list of IFSCs is available with all the bank-branches participating in interbank Electronic Funds Transfer. IFSC Code consists of 11 Characters: (example: ABCD0123456)

What is NEFT transfer?

National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme. NEFT can also be used to transfer funds from or to NRE and NRO accounts in the country. This is subject to the adherence of the provisions of the Foreign Exchange Management Act, 2000 (FEMA) and Wire Transfer Guidelines. However, NEFT cannot use to send remittances to abroad.

What is RTGS transfer?

The term RTGS stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). "Real Time" means the processing of instructions at the time they are received rather than at some later time; "Gross Settlement" means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable. The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs. 2 lakh. There is no upper ceiling for RTGS transactions.

What is Difference between NEFT and RTGS?

NEFT: National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer.


RTGS: The term "RTGS" stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting).

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What is Bank MICR Code?

Magnetic Ink Character Recognition Code (MICR Code) is a character-recognition technology used mainly by the banks to easy the processing and clearance of cheque. MICR characters are printed on a document in the MICR fonts. The ink used in the printing is a magnetic ink or toner. A special machine is used to read these characters, however, MICR code is also human readable. MICR code is used for cheque clearing process to identify the branch and bank.