📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    What IFSC stands for?

    A 1) Indian Financial and Securitisation Centre Correct Answer Incorrect Answer
    B 2) Interbank Finance for Secured Credit Correct Answer Incorrect Answer
    C 3) Indian Financial System Code Correct Answer Incorrect Answer
    D 4) International Financial System Committee Correct Answer Incorrect Answer
    E 5) Institute of Financial Securities and Commodities Correct Answer Incorrect Answer

    Solution

    IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch. Bank-wise list of IFSCs is available with all the bank-branches participating in NEFT.

    Practice Next
    More Economy and Banking and Finance Static Concepts Questions

    Relevant for Exams:

    ask-question