Banking Awareness

Numbers and Codes

Used in Banking
 Banking Awareness
Numbers and Codes Used in Banking

Numbers and Codes Used in Banking

Number/Code Number of Digits Functions/ Services

IFSC- Indian Financial 11- Alpha Numeric digit Fund-raising services for

System Code code individuals, corporations

First 4 digits of the IFSC- and governments. Deal

bank, with flows of finance,

last 6 characters- branch. financial products and

5th character is zero. services across borders.

This code is used to initiate

a NEFT, RTGS, or IMPS

transfer.

MICR- Magnetic Ink 9 This enables identification

Character Recognition First 3 digits- city (City of the cheques and which

Code). in turns means faster

Next 3 digits- Bank (Bank processing.

Code).

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 Banking Awareness
Numbers and Codes Used in Banking

Last 3 digits- Branch

(Branch Code).

They are aligned with the

PIN code we use for

postal addresses in India.

USSD- Unstructured *99# code Used for fund transfers,

Supplementary Service checking account balance,

Data (USSD) generating bank statement,

among other uses

LEI- Legal Entity Identifier 20-digit Alpha Numeric It is a reference code —

Code like a bar code — used

across markets and

jurisdictions to uniquely

identify a legally

distinct entity that engages

in a financial transaction.

SWIFT- Society for 8 to 11 Alphabetic Code SWIFT Code is used for

Worldwide Interbank First 4 digits- Bank Name Overseas Fund transfers

Financial Next 2 digits- Country for a particular bank.

Telecommunications Name SWIFT is a vast messaging

Next 2 alphabets- network used by banks and

Location Code other financial institutions to

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 Banking Awareness
Numbers and Codes Used in Banking

Last 3 digits- Branch quickly, accurately, and

code securely send and receive

information, such as money

transfer instructions.

MMID- Mobile Money 7 digit code Whenever a user makes an

Identifier First 4 digits- Bank attempt to send or receive

Last 3 digits- Account of money using IMPS method

the user of payments using the

mobile number, this code is

brought into use. Any given

bank account can be linked

to a single MMID Code.

Although a number of

MMID Codes can be linked

to a single mobile number

but a given code will trace

back to a single mobile

number and bank account

number.

PAN- Permanent Account 10- Alpha Numeric code To prevent tax evasion by

Number First 5 characters- individuals and entities as it

Letters in Upper Case links all financial

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 Banking Awareness
Numbers and Codes Used in Banking

Next 4- Numerals transactions made by a

10th Character- Letter particular individual or

4th Character- Type of entity.

Holder of the card

AADHAR 12- Numeric code Single source offline/online

identity verification across

the country for the

residents. It is a centralized

and Unique Identification

Number of all the citizens

TAN-Tax Deduction 10- Alpha Numeric code To be obtained by all

Account Number or Tax First 4 characters- persons who are

Collection Alphabets- represents responsible for deducting or

Account Number City or state collecting tax.

4th Character- Name of

the deductor

Next 5- Numerals

Last letter- Alphabet

UAN- Universal Account 12 digit code It is provided to each

Number member of the Employees'

Provided Fund

Organisation (EPFO)

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 Banking Awareness
Numbers and Codes Used in Banking

through which he can

manage their PF accounts.

It helps the person to get all

Provided Fund (PF)

information in one place

irrespective of the

organization he works for

PRAN- Permanent 12 digit code It is a unique and

Retirement Account portable number provided

Number to each subscriber under

NPS and remains with him

throughout

BSR- Basic Statistical 7 digit code These Codes are used

Returns mainly when filing Tax

Deduction at Source (TDS)

and Tax Collected at

Source (TCS) returns.

This code help banks to

keep a clear record of

every online payment done

towards tax, which is all

made available to the

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 Banking Awareness
Numbers and Codes Used in Banking

Income Tax Department by

the banks.

ISIN- International 12- Alpha Numeric digit This code is used to

Securities Identification code Identify Securities. It is

Number often needed for

companies seeking to raise

capital, whether debt or

equity.

CIF number- Customer 11-digit unique code CIF number contains all the

Identification File Number personal information of the

customers of the bank

The Reserve Bank of India (RBI) made Legal Entity Identifier (LEI) mandatory for cross-
border transactions for capital or current account transactions of Rs 50 crore and above,
from 1 October 2022.

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