IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.
CSB BANK LIMITED AKOLA ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main
payment and settlement systems in India.
1) RTGS : Real Time Gross Settlement
2) NEFT : National Electronic Fund Transfer
For Example :
CSB BANK LIMITED AKOLA ifsc code : CSBK0000408 is 11 digit Unique IFSC Code.
First 4 characters represents Bank Code : CSBK for Bank : CSB BANK LIMITED
5th character is Zero and it is reserved for future reference
Last 6 characters represents Branch Code : 000408 for Bank Branch AKOLA
Anatomy of a Cheque
The above image represent cheque format which locates IFSC Code and MICR Code in Red Box
MICR code for csb bank limited akola represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.
MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).
MICR Code for CSB BANK LIMITED : 444047002 is 9 digit Unique MICR Code.
First 3 digits represents CityCode Code : 444 for City : AKOLA
Middle 3 digits reprents Bank Code: 047 for Bank : CSB BANK LIMITED
Last 3 digits represents Branch Code : 700 for Bank Branch AKOLA
Some of the most polular searches for IFSC code