Australia

A Bank State Branch (BSB) number is a numerical code that identifies an individual branch of a financial institution within Australia. This six digit number plus your account number is what we use to identify your account.

In Australia, BSB codes are allocated by the Australian Payments Clearing Association (APCA). BSB codes are used in a number of payment systems in Australia. To access the various clearance systems a financial institution must have its own BSB or use an intermediary with a BSB.

Format

The BSB is a six-digit code e.g. AAB-CCC. The format is as follows.

• The first two digits (AA) specify the financial institution / bank.
• The third digit (B) indicates the state where the branch is located.
• The last three digits (CCC) are the unique identifier for a branch..

New Zealand

In New Zeland BSB / Clearing Code is a six digits numerical code used to identify individual branch of a Bank / Financial institution.

The first 2 digits indicate the bank and remaining 4 digits indicating the branch. All digits, along with the seven-digit account number and two or three digit suffix, are required for all wire transfers regardless of whether the transfer in intra-bank or interbank.

In New Zealand, Bank Codes are coordinated by Payments NZ who administer the Bulk Electronic Clearing System (BECS)

Format

Bank Account Number is like AA BBBB CCCCCCC DD(D):

• AA = Two digits Bank Number
• BBBB = Four digits Branch Number
• CCCCCCC = Seven digits Account Number
• DD(D) = Tow / Three digits Account Suffix

India

The Indian Financial System Code (IFSC Code) is 11 - character code that uniquely identifies a bank-branch participating in the two main Electronic Funds Settlement System : Real Time Gross Settlement (RTGS) and The National Electronic Funds Transfer (NEFT) System.

IFSC Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches

Format

IFSC Code is like AAAA0BBBBBB:

• AAAA = Four alphabetic characters representing Bank Name
• 0 = Reserved for future use
• BBBBBB = Six characters usually numeric but can be alphanumeric representing Branch

Magnetic Ink Character Recognition Code (MICR Code) is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents.

The characters are usually printed on the bottom strip of cheque leaf. This MICR code is used By RBI (Reserve bank Of India) clearing process to identify the branch and bank for clearing processes.

Format

MICR Code consists of 9 digits e.g. 700037002

• First three digits are the city 700037002
• Next three digits represent the bank 700037002
• Last three digits represent the branch 700037002