The full form of IFSC code is Indian Financial System Code.IFSC code has 11 digits and it is a collection of number and letters.we find IFSC code on the first page of our bank passbook and also our bank cheque. IFSC code of All bank in this website are provide by Reserve Bank of India(RBI).
we use IFSC code for transfer money online it means wire transfer like NEFT, IMPS, or RTGS etc.ex. if you want to give money to your friend without going to a bank you can transfer it by using IFSC code of your friend bank account. every bank's branches have there owned IFSC code and its give by RBI(Reserve Bank of India).every bank's branches have there owned IFSC code and its give by RBI(Reserve Bank of India).
Its contains of eleven Characters: (ex. AAAA0010576).
MICR code means Magnetic Ink Character Recognition.MICR code use for bank cheques clearance.it uses to verify cheques for clearance in a secure and faster way. MICR code works like a barcode but it is better than bar code because it can be read by humans.
MICR code have night digit code : (ex. 600211005).