If you are using the online fund transfer facility of Deutsche bank you would require the IFSC code of the beneficiary account to complete the transaction. IFSC Code is an 11 character unique code that contains alphabets and numbers. The first four alphabets will give the name of the bank. The IFSC code of Deutsche Bank starts from DEUT0*******. The fifth digit is always a zero while the last six alphabets represent the branch. If you use any of the money transfer facility NEFT (national electronic fund transfer facility), RTGS (real time gross settlement) and IMPS (immediate payment system) you will need IFSC code. Reserve Bank of India (RBI) provides the IFSC code for all the branches that are enabled for online transactions. RBI has time and again emphasized on the importance of IFSC code as it helps in the transfer of funds without errors.
Where you can get the IFSC code? To help our customers easily find the IFSC code we have developed a tool called IFSC Code Locator. It is placed on Paisabazaar.com under the “Tools” section. You just need to input the bank name, state, city and branch, it will give you the complete address and the MICR code alson with the IFSC code of that particular branch. MICR code stands for magnetic ink character recognition. It is a nine digit code for a particular branch. It is used by RBI to clear cheques. The IFSC code and MICR codes are also printed on the cheques and the passbook of the account. Reserve Bank of India has also directed bank to provide complete list of IFSC code on their websites.
About Deutsche Bank
It is a German bank with global presence. The bank has global presence over 70 countries. The bank offers financial products and services to private and corporate clients.
