Enjoy upto 30% savings on 400+ top brands

Powered by EnKash

Enjoy upto 30% savings on 400+ top brands
Powered by EnKash


Get paid faster with customized PG solutions


Manage all types of business payments

Corporate Cards

Flexible credit & prepaid card solutions

Expense Management

Digitize employee spends & reimbursements

Brand Voucher

Shop smart and unlock exclusive savings

Loyalty Lounge

Build exciting rewards, incentives & offers

Digitize your business collections

Easily pay and manage all your vendors, bills, rentals, taxes, and more in one platform

Simplify corporate spending with flexible credit and prepaid cards

Manage employee expenses & reimbursements

Shop smart and unlock exclusive savings

Automate & manage rewards, incentives & offers

Gain deeper insights into your company’s finances with tailored reports

Easily design and manage workflows that suit your organizational hierarchy

Gain real-time insights into cash movement of your business for informed decision-making

Integrate our robust APIs and empower your business

Boost efficiency, connectivity, and business agility for growth

An extensive finance software designed for CFOs to streamline financial processes

Manage access to your cards from anywhere, anytime

Read our product-related blogs and learn how they can transform your business

Watch our product videos for an easy, engaging, and quick understanding

Stay updated with the latest news and developments from EnKash

Know what our customers have to say after using our products

What Is IFSC Code and Why Is It Important in Banking

What Is IFSC Code and Why Is It Important in Banking?

What Is IFSC Code and Why Is It Important in Banking

If you are a business or individual in today’s world who is financially active, then it is likely that you have heard of IFSC code. The full form of IFSC code is Indian Financial System Code and is the identifier of the bank and the branch.

Getting the IFSC right is critical when it comes to carrying out online transactions.

Role of IFSC in banking

As a business in today’s economy, you need to be able to facilitate quick payments and offer options for people to pay your business online. The first step in that is to have an online banking option which will enable you to transact as required. If you are new to the world of online banking, then it is essential for you to learn about the options you have for money transfer.

If you want to transfer money from your bank account to another bank account, you have to choose the method that you will use. These include, National Electronic Funds Transfer (NEFT), Real-Time Gross Settlements (RTGS), Immediate Payment Service (IMPS), or United Payment Interfaces (UPI).

The next step in the banking transaction is to collect the banking information of the business you are making payment to. This includes the bank name, bank account number, the name of the account holder, and the IFSC code.

Where to find the IFSC code?

In your business dealings, you may come across instances where one of the parties may not have the IFSC code. Here are some quick tips to help you find the IFSC code.

  1. IFSC code is clearly given in the chequebook
  2. It can also be found in bank passbook
  3. You can also look for the IFSC code in your online banking account
  4. Do an internet search of the IFSC code by using the bank name and branch
  5. Call the bank customer service and seek their help

What does the IFSC code consist of?

Each bank branch in our country has a unique IFSC code. The first four letters of the 11-digit code are alphabets and indicate the name of the bank. These four letters remain the same for all branches of a particular bank. The fifth digit is zero (0), and the last six digits represent the branch of the bank, and in most cases these are numbers.

Getting the IFSC code right is important to ensure that the transaction goes through as intended and the money transfer happens to the right party. Make sure to check the IFSC code before starting the transfer process or while sharing it with other parties to get payments into your account.

Online banking and IFSC code are inextricably linked together and you should be well-versed on the importance of the same. At EnKash, we help businesses like yours take the smart banking route and enable quicker expense payables and collections. Along with our smart spend management solutions, we also offer a collateral-free credit limit to our customers to enable them to manage their business finances better.

What Is IFSC Code and Why Is It Important in Banking?

What Is IFSC Code and Why Is It Important in Banking

Subscribe to get fresh updates in your inbox

The Ultimate Platform for Businesses

Go digital with our innovative business solutions and experience enhanced financial control