Who Issues IFSC Codes In India? RBI's Role Explained (2026 Guide)

Who Issues IFSC Codes in India?

 The Reserve Bank of India (RBI) issues and maintains IFSC codes across the country. Bank branches register their codes with the RBI so they can participate in electronic fund transfers. This guide explains the process clearly and concisely.

What Is the Role of the Reserve Bank of India?

 As India’s central bank, the Reserve Bank of India (RBI) oversees the country’s electronic payment infrastructure, including the assignment of IFSC codes to bank branches. It maintains the official master list of IFSC codes across India, sets the rules banks must follow when registering new branches, confirms that every code uses the same eleven-character format, and updates its records when branches open, close, or merge.