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NTPC-2016-->View question

IFSC is the short term of

A. International Financial System Code
B. Indian Financial System Code
C. Inter-bank Financial System Code
D. Inter-bank Functional System Code


Asked On2019-06-14 09:19:14 by:RSHAH12

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Indian Financial System Code

IFSC is used by the NEFT system to route the messages to the destination banks / branches. IFSC stands for Indian Financial System Code. IFSC code is a necessary condition for undertaking any online financial transaction. IFSC is a combination of 11 alpha-numeric characters.

Answerd on:2019-06-26 Answerd By:Gaganpreet-Gandhi

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B.)Indian Financial System Code
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. This 11 character code helps identify the individual bank branches that participate in the various online money transfer options like NEFT and RTGS.

Answerd on:2019-06-28 Answerd By:KAPILJHADE

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