Q961
What does the letter 'S' denote in the term IFSC?
A.
Subscriber
B.
State
C.
System
AnswerD.
Source
Answer: Option C
Solution
Answer: Option C
Solution:
The Indian Financial System Code (IFSC CodE. is an alphanumeric code that uniquely identifies a bank-branch participating in the Real-Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) Systems.