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What is the full form of "IFSC Code" which is related to banking? |
International Financial System Code International Financial Systematic Code Indian Financial Systematic Code Indian Financial System Code |
Indian Financial System Code |
The correct answer is Option (4) - Indian Financial System Code IFSC: Indian Financial System Code. It is alpha – numeric code which identifies any branch under the NEFT system. IFSC code is must for NEFT and RTGS transactions. It is 11 digit code, 4 Alpha Characters, 0 and Last 6. First 4 characters represents bank name, Fifth digit buffer, and Last six digits are represents bank branch. |