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    Question

    How many digits are there in an IFSC code used to

    transfer money using NEFT?
    A 7 digits Correct Answer Incorrect Answer
    B 9 digits Correct Answer Incorrect Answer
    C 10 digits Correct Answer Incorrect Answer
    D 11 digits Correct Answer Incorrect Answer
    E 13 digits Correct Answer Incorrect Answer

    Solution

    Indian Financial System Code (IFSC) is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. It is a 11-digit code with: ·         the first 4 alpha characters representing the bank, ·         the last 6 characters representing the branch, and ·         the 5th character is 0 (zero). IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.

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