The State Bank of India has changed the names and IFSC codes of more than 1200 of its branches. The bank has also published on its website the full list of all those branches whose names and codes have been changed. It important for customers to know new codes to do RTGS and NEFT transfers. Even online transactions ask for IFSC codes. IFSC is short for Indian Financial System Code and represents the 11 digit character that you can usually see on your bank's cheque leaves, or other bank-sponsored material.