IFSC expansion is Indian Financial System Code. The Indian Financial System
Code is a 11 character using for identifying the bank and branch details.The
Indian Financial System Code used for fund transfer system option IMPS, NEFT and RTGS.
MICR code is used by Reserve Bank of India clearing process to identify bank and branch details.
MICR code expansion is Magnetic Ink Character Recognition. MICR 9 digit code using for
bank cheque clearing.