<P> 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 two main Payment and settlement systems in India : the Real Time Gross Settlement ( RTGS ) and the National Electronic Fund Transfer ( NEFT ) systems . </P>
what is meant by ifsc code in banking
an alphanumeric code that facilitates electronic funds transfer in India