IFSC (Indian Financial System Code) codes are required for transfer of funds from Paypal to Indian Bank Accounts. Each Bank Branch has a different IFSC code and most Indian Paypal users are in search for them all over the internet. As Paypal used the National Electronic Funds Transfer (NEFT), it is important to enter the correct IFSC code or else the fund transfer fail. For the payments to be processed and deposited, the IFSC code for the Bank Branch has to be entered.
A IFSC neft code list can be obtained from the website of Reserve Bank of India at http://www.rbi.org.in/scripts/neft.aspx by clicking the ‘List of NEFT enabled Bank Branches’. You can lookup the IFSC neft code or download it by saving the codes as a jpeg file. Neft codes of all small & major banks like State Bank of India (SBI), Punjab National Bank, ICICI, Standard Chartered, Bank of Baroda, Indian Bank, Axis Bank, HDFC bank etc have been given as a list. Alternatively you could also check the IFSC code of your Bank Branch by referring to the Cheque Book. Most banks print it on the cheque leaves. Incase the code is not mentioned there, you could contact your bank branch for the correct code.