Bank Account Number Digits In India

Every account number is coded in a specific manner.

Bank account number digits in india. Some banks issue 16 digit account numbers and others issue account numbers with less digits. The reason why we say it is important to know that is because you are going to need the account number in order to make sure that all the transactions of yours are taking place in the smoothest of the ways. First four digits as branch code next three digits as product code last digit as checksum and rest are serial numbers. The first 4 digits of 15 digit account number stand for branch code.

Account number structure in indian banks number of digits. Ifs codes are used when processing bank account payments in india. Currently the most used electronic funds transfer services in india are the real time gross settlement rtgs and the national electronic funds transfer neft systems. A corporate bank account number of digits is dependent upon the assignment from each individual bank.

Check and count the total digits in bank account of any banks in india. Most of the banks 67 out of 78 have included branch code as part of the account number structure. This is a really important thing to keep in mind for sure if you want to have some great results. Different banks in india are using different banking core banking solution of different software companies.

Branch code is unique for every branch. Loan account or saving account. Find the common nomenclature of bank account numbers followed by majority of banks in indiathere are many banks which are following the standard guidelines of naming the different bank products linked with account number ie. The committee observed that there is no uniform format standard structure followed by banks in allotting account numbers to their customers.

Many of time while updating the account number or remembering the banks account number we confuse with the total number of digits in bank account number. Account number length varies from 9 digits to 18 digits. Format of bank of india account number. The coding of bank of india account number is as under.

Another identifier we store in our websites database is the. Most of the banks have unique account numbers. The next 4 digits suggest the type of account held ie. Some banks have product code as part of the account number structure.

Hence the total number of digit are varies as per different type of banks. This free reference website provides a quick and easy way to locate any indian banks ifsc code. Indian bank account numbers length may vary from 9 to 18 digits depending upon the core banking product used by the particular branch. The account number of the state bank of india has a total of 11 digits.

Bancs and finacle are the two major core banking product used widely in india.