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Basic Statistical Return (BSR) Code is a unique code assigned to each individual branch of banks by Reserve Bank of India. It consists of seven digits where first three digits represent the bank and remaining four digits represent the bank branch.asic Statistical Return (BSR) Code is a unique code assigned to each individual branch of banks by Reserve Bank of India. It consists of seven digits where first three digits represent the bank and remaining four digits represent the bank branch.
The difference between IFSC code & BSR code is that it can be used in context to Indian financial system codes. IFSC and BSR codes are used to represent the branch of a bank uniquely.Therefore, confusion may arise that if they share the basic definition then what is the difference between IFSC Code & BSR Code.he purpose of BSR code in CIN is that iit is used as a combination alongwith the date of deposit (8 digits) and Challan Serial Number (5 digits).CIN is stamped on the acknowledgement receipt to uniquely identify the tax payment. Users must ensure that CIN is stamped on the Challan by the bank.