It should get rejected and should be credited back to the sender's account
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I believe that IFSC code is for a specific branch of a bank and has nothing to do with an individual account.
To find the IFSC code, you will not be able to use the account number but will need the name of the bank and location.
Bank Account Number is the number of your account opened in that Bank's Branch. For online transaction you need IFSC code of Bank. IFSC code of all banks available at BankBazaar.com/ifsc-code.html.
Online account transfer is nothing but transferring money from one bank account to another. For the procedure you need to provide some details about that particular bank and its branch. So if you are using Karur Vysya bank online fund transfer process, so you need to provide the bank name, beneficiary name, a/c no. and IFSC code. For more idea about IFSC code please go to this webpage. bankbazaar.com/ifsc-code/karur-vysya-bank.html
RTGS and NEFT are related to funds transfer over the internet using your internet banking.RTGS Real Time Gross Settlement ( Minimum Amt Rs 1 lakh)NEFT National Electronic Funds Transfer (Any amt)IFSC is Indian Financial System Code. This is eleven digit alphanumeric code and unique to each branch of bank. First four tells about name of bank and remaining seven tells about branch number. This code is given on the cheque book. It also required to transfer the money by NEFT or RTGS if you don't know the address of branch.MICR Code stands for magnetic ink character Recognition.