Indian Financial System Code (IFSC code) is used for electronic payment transfer in India for example Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, Centralised Funds Management System (CFMS) and interbank electronic instant mobile money transfer service (IMPS). IFSC Code has eleven characters. First four characters represent bank, fifth character is default "0" and last six characters represent bank branch.