Unique identifier for a branch of a financial institution in India
The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.[1]
^"RTGS/NEFT - FAQ". onlinesbi.com. State Bank of India. p. question 9. Archived from the original on 16 April 2012. Retrieved 2 August 2012.
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