AU Small Finance Bank aims to offer customers needs, simplicity of financial transactions, and much more. The bank also has its AU 0101 mobile application that further eases the process of fund transfer and management.
For various transactions like NEFT, RTGS, IMPS, etc. IFSC code is required. IFSC stands for Indian Financial System Code. It is a unique 11-digit code assigned by the Reserve Bank of India to all the branches of banks. AU Small Finance Bank also has a unique AU small finance bank IFSC code assigned to each of its branches. To transfer funds other than for UPI, you are required to enter the AU bank IFSC code.
Without entering the correct IFSC code, AU Small Finance Bank will not be able to complete the transaction. Once you enter the IFSC code, the system will automatically locate the branch of the bank. The purpose of the IFSC code is to identify the branch of a bank and process a correct transaction without errors.
IFSC code is unique to each bank branch. It is primarily used as an identification code for a bank and to avoid transaction errors.
All the IFSC codes are assigned by the Reserve Bank of India.