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    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.

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