I’m Arjun, a Product Manager here at Niyo. We’ve been continuously working at making the banking experience simpler for you all and one such initiative is bringing in the centralised IFSC Code list in our IDFC Niyo app.
Currently, there are over 30+ banks in India with a centralised IFSC code, which means, when you select ‘Bank Name’ while adding a new Beneficiary, and if their Bank has a centralised IFSC Code, it is auto filled and you don’t have to manually enter their branch IFSC code.
Now here’s where we need your inputs:
Do you feel confident about going ahead with the fund transfer when we automatically select the centralised IFSC code for you? If not, why?
Let us know your thoughts.
Thanks in advance!