Bank IFSC CodeThe IFSC or the Indian Financial System Code, commonly popularly known as IFSC Code is basically a code which is alphanumeric in nature. It is give to each bank branch which takes part in the basic electronic systems- the real time gross settlement or the RTGS and the national electronic funds transfer or NEFT.
MICR Magnetic ink character recognition
IFSC Indian Financial System Code
RBI Reserve Bank of India
RTGS Real Time Gross Settlement
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