Business Services-2 — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-22 Marks
Question
Give information regarding $IFSC$ Code.
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Answer
$IFSC$ means Indian Financial System Code. Branches of all the banks having membership of National Electronic Fund Transfer $(NEFT)$ are known by this Code.
This code is of eleven digits and of alpha numeric form.
This code is allotted by $IDRBIT$ - Institute for Development and Research Banking Technology - which is Hyderabad based.
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