What is an IFSC Code?

IFSC (Indian Financial System Code) is an 11-character alphanumeric code that uniquely identifies a bank branch participating in the NEFT, RTGS, and IMPS electronic funds transfer systems in India.

How do I find my bank's IFSC code?

You can find your bank's IFSC code printed on your cheque leaf or passbook. Alternatively, search on Bankonic by selecting your bank, state, and branch.

Can I apply for a personal loan using my IFSC code?

Yes! Banks use your IFSC code to verify your existing bank account during loan applications. Having an active account with verified IFSC speeds up loan processing.

Is my money safe during online transfers using IFSC?

Yes, NEFT/RTGS/IMPS transfers using IFSC codes are highly secure. All transactions are encrypted and monitored by RBI.

10 Essential Security Tips for Safe Online Fund Transfers

1. Use Strong, Unique Passwords

Create complex passwords with uppercase, lowercase, numbers, and special characters. Never reuse passwords across different banking apps or websites.

Password Best Practices:

• Use at least 12 characters
• Include numbers and special characters (@#$%^&*)
• Avoid personal information (birthdays, names)
• Change passwords every 3 months
• Use password managers to store securely

⚠️ Bad Example: bank123456 | ✅ Good Example: B@nK$s3cure!2024

2. Enable Two-Factor Authentication (2FA)

2FA adds an extra layer of security by requiring a second form of verification beyond just your password.

🔐 Recommended 2FA Methods:

• Mobile OTP (most common)
• Biometric authentication
• Authenticator apps
• Hardware security keys

📱 Enable in Banking Apps:

• Settings → Security → 2FA
• Profile → Login Security
• Account → Two-Factor Auth
• Contact bank to enable

3. Use Secure Networks Only

Never perform banking transactions on public WiFi. Use secure, trusted networks or mobile data for banking operations.

AVOID: Public WiFi at cafes, airports, hotels, malls

USE: Home WiFi with strong password, mobile data, VPN

4. Keep Apps and Software Updated

Regular updates protect against security vulnerabilities and ensure you have the latest security features.

• Enable automatic app updates
• Update your mobile OS regularly
• Keep browser updated for net banking
• Update antivirus software

5. Verify Beneficiaries Carefully

Double-check all beneficiary details before adding them. Small mistakes can lead to failed transfers or money going to wrong accounts.

🔍 What to Verify:

• Correct IFSC code
• Accurate account number
• Exact account holder name
• Correct bank name and branch

More Essential Security Tips

6. Check HTTPS: Ensure bank websites show 🔒 and "https://" - never enter credentials on HTTP sites.

7. Beware of Phishing: Banks never ask for passwords, OTPs, or card details via email, SMS, or calls.

8. Use Official Apps: Download banking apps only from official app stores, never from third-party websites.

9. Monitor Transactions: Check account statements regularly and report suspicious transactions immediately.

10. Set Transaction Limits: Configure daily transfer limits to minimize potential losses if account is compromised.

Common Banking Scams to Avoid

🎭 Phishing Scams

Fake emails/SMS claiming account issues, asking for credentials

📞 Vishing Scams

Calls pretending to be bank officials asking for OTPs

💸 Prize Scams

Claims of winning prizes requiring fee payment

👤 Impersonation Scams

Posing as family/friends in emergencies asking for money

If Your Account is Compromised

🚨 IMMEDIATE ACTIONS:

1.Call bank immediately to block account/cards
2.Change all banking passwords
3.File police complaint (FIR) at nearest police station
4.Report to cybercrime cell (1930)
5.Document all transactions and communications

Stay Secure, Bank Safely

Find verified bank details and IFSC codes to ensure your transfers go to the right place every time.