Prathama Bank IFSC Code Search

In the 11-character IFSC Code, the first 4 characters indicate the bank code, the 5th character is a ‘0’ and the remaining 6 characters represent the particular branch code.

Prathama Bank Code				Zero	Prathama Banks Branch Code
P	R	T	H	0	0	1	3	3	9	4

The above given (PRTH0013394) is an example of IFSC Code of Prathama Bank, Moradabad, Uttar Pradesh. The code is a combination of 3 essential parts:

• The first 4 characters ‘PRTH’ indicate the bank code
• The 5th character is a ‘0’
• The last 6 characters ‘013394’ represent the branch code of Bhojpur, Moradabad, U.P.

• Online funds transfer: The IFSC code is used in transferring funds online from one bank to another via NEFT, RTGS or IMPS
• Unique identification: IFSC code is unique for every bank and their respective branches, hence the code helps in identifying the originating and destination branch for fund transfer
• Eliminating errors: IFSC code helps in eliminating any possible errors or fraudulent activity that can occur during the online fund transfer process
• RBI: The IFSC Code is used by the Reserve Bank of India to keep a track of all the financial transactions performed by an individual

The account holders can look for the IFSC code by following any of the below-mentioned ways:

1. IFSC Code search tool by Paisabazaar: The users can go to the IFSC Code search tool page provided by Paisabazaar and enter details like the bank name, state, city and branch code. The IFSC Code along with MICR Code and other details will be displayed on the right-hand side of the page.
2. Cheque Book / Passbook: The IFSC Code is printed at the top left corner of the cheque leaf while the MICR Code is printed at the bottom. Both the IFSC and MICR Code can be found on the first page of the passbook provided by the bank.
3. RBI: The users can also find the IFSC Code on the official website of the Reserve Bank of India.

IFSC Code	MICR Code
It is an 11-character alphanumeric code	It is a 9-digit numerical code
IFSC is used in the process of online fund transfer using NEFT, RTGS or IMPS	MICR Code is used for the faster processing of cheques
First 4 characters indicate bank code, 5th is ‘0’ & last 6 characters represent branch code	First 3 digits denote city code, middle 3 denote bank code & last 3 signify branch code

The IFSC Code helps in processing electronic or online funds transfer by routing messages to the beneficiary’s bank branch. In order to complete a transaction, the use of IFSC Code is mandatory to monitor the transfer of money to the intended bank account. The 3 primary payment system through which online funds transfer is initiated include:

1. NEFT - National Electronic Fund Transfer
2. RTGS - Real Time Gross Settlement
3. IMPS - Immediate Payment Service

Payment Service	NEFT	RTGS	IMPS
Process	Facilitating funds transfer in 23 half-hourly batches	The money is credited in real-time and on gross basis	Real-time, quick and instant fund transfer process
Maximum Transfer Limit	No limit	No limit	Rs.2 lakh
Minimum Transfer Limit	Re.1	Rs.2 lakh	Re.1
Inward Transaction Charges	No charges	No charges	Decided by the individual banks
Operational Timings	Available 24x7 throughout the year	8 am to 6 pm Monday to Saturday (except 2nd & 4th)	Available 24x7, 365 days (including bank holidays)

Sponsored by the Punjab National Bank, Prathama Bank has its headquarters in Ram Ganga Vihar, Moradabad, Uttar Pradesh. The bank has successfully achieved high-level working status through the latest banking technology with a dedicated workforce, committed to the upliftment of different sections of the society.