The Indian Financial System Code (IFSC) is used for electronic fund transfers, such as NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement). It consists of 11 digits, with the first four digits representing the bank and the last seven digits representing the specific branch.
'IFSC' stands for -
Asked in ADDITIONAL PRIVATE SECRETARY EXAM 2023 · Topic: Money & Banking (Financial Markets: Money Market and Capital Market (Components, Instruments, Role))
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