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Q: The 'IFSC Code' is an alphanumeric code comprising 11 characters that facilitates Electronic Fund Transfer in the country. The alphabet 'F' in the abbreviation 'IFSC' stands for ?

  • 1
    Fund
  • 2
    Fast
  • 3
    Financial
  • 4
    First
  • Show Answer
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Answer : 3. "Financial"
Explanation :

Answer: C) Financial Explanation: IFSC stands for - Indian Financial System Code. This is a code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India : 1. RTGS - The Real Time Gross Settlement  (and) 2. NEFT - The National Electronic Fund Transfer (NEFT) systems.

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