IFSC stands for Indian Financial System Code. It is an 11 digit alpha numeric code that uniquely identifies any bank branch participating in the Reserve Bank of India regulated fund transfer system. The IFSC code helps in transferring funds using RTGS, NEFT or IMPS method. The first 4 digits of the IFSC represent the bank and the last 6 characters represent the branch. The 5th character is zero. Example: PUNB0123456